Apotea AB Cash Flow Statement

Financials in millions SEK. Fiscal year is January - December.

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	228.7	214.9	87	19.9	104.9
Depreciation & Amortization	162.3	128.6	111.2	69.3	49.3
Other Amortization	-	1	1.5	0.7	0.6
Other Operating Activities	28.1	18	-4.5	2.2	-15
Change in Accounts Receivable	-11.3	-69.4	-43.4	-13.4	17.2
Change in Inventory	-90.3	-152.4	-20	-45.4	20.6
Change in Accounts Payable	-	13.6	82.3	-0.1	71.2
Change in Other Net Operating Assets	15.8	51.9	1.7	-1.7	-20.6
Operating Cash Flow	333.3	206.2	215.8	31.5	228.2
Operating Cash Flow Growth	61.64%	-4.45%	585.08%	-86.20%	-
Capital Expenditures	-211.9	-162.8	-119.9	-142	-81.8
Sale of Property, Plant & Equipment	-	-	0.1	7.6	-
Cash Acquisitions	-	-	-	-19.1	-
Sale (Purchase) of Intangibles	-2.6	-1	-1.2	-0.1	-
Investment in Securities	-	0.1	-0.6	12.3	-0.1
Other Investing Activities	-	-	-	-0.1	-
Investing Cash Flow	-214.5	-163.7	-121.6	-141.4	-81.9
Short-Term Debt Issued	21.6	79.6	66.9	111.8	-
Total Debt Issued	21.6	79.6	66.9	111.8	-
Short-Term Debt Repaid	-79.6	-66.9	-111.8	-	-20
Long-Term Debt Repaid	-57.3	-46.7	-39.7	-31.9	-23.6
Total Debt Repaid	-136.9	-113.6	-151.5	-31.9	-43.6
Net Debt Issued (Repaid)	-115.3	-34	-84.6	79.9	-43.6
Common Dividends Paid	-	-	-	-28.5	-28.5
Other Financing Activities	-	-0.2	-8.7	-5.1	-6.6
Financing Cash Flow	-115.3	-34.2	-93.3	46.3	-78.7
Foreign Exchange Rate Adjustments	-0.2	-0.1	-	-	-
Net Cash Flow	3.3	8.2	0.9	-63.6	67.6
Free Cash Flow	121.4	43.4	95.9	-110.5	146.4
Free Cash Flow Growth	179.72%	-54.74%	-	-	-
Free Cash Flow Margin	1.69%	0.66%	1.76%	-2.26%	3.20%
Free Cash Flow Per Share	1.17	0.42	0.94	-1.08	1.44
Cash Interest Paid	11.3	5.2	6.3	3.8	3.4
Cash Income Tax Paid	40.1	29.3	25.9	22.6	41
Levered Free Cash Flow	76.55	-0.56	82.33	-92.75	-
Unlevered Free Cash Flow	84.05	2.75	85.2	-90.38	-
Change in Working Capital	-85.8	-156.3	20.6	-60.6	88.4

Source: S&P Global Market Intelligence. Standard template. Financial Sources.