Fastighets AB Balder Cash Flow Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	9,272	3,304	-6,746	10,175	18,508	6,641
Depreciation & Amortization	96	97	71	52	45	41
Change in Accounts Receivable	-295	335	-11	394	48	-901
Change in Other Net Operating Assets	483	131	647	214	-2,422	3,435
Other Operating Activities	-4,904	871	10,896	-5,785	-14,653	-2,696
Operating Cash Flow	4,652	4,738	4,857	5,050	1,526	6,520
Operating Cash Flow Growth	43.40%	-2.45%	-3.82%	230.93%	-76.59%	103.18%
Acquisition of Real Estate Assets	-16,963	-10,051	-8,592	-16,040	-25,100	-9,099
Sale of Real Estate Assets	479	1,295	3,619	4,049	3,218	1,619
Net Sale / Acq. of Real Estate Assets	-16,484	-8,756	-4,973	-11,991	-21,882	-7,480
Investment in Marketable & Equity Securities	-542	-1,800	-1,531	-1,356	-8,553	-9,232
Other Investing Activities	3,345	1,121	316	432	556	-281
Investing Cash Flow	-13,681	-9,435	-6,188	-12,915	-29,879	-16,993
Long-Term Debt Issued	-	19,416	25,006	26,896	33,085	20,472
Long-Term Debt Repaid	-	-17,303	-25,176	-18,049	-7,844	-9,857
Net Debt Issued (Repaid)	8,623	2,113	-170	8,847	25,241	10,615
Issuance of Common Stock	1,484	2,651	-	1,778	-	2,930
Other Financing Activities	-47	886	-62	-128	-124	18
Foreign Exchange Rate Adjustments	-33	25	-12	46	67	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	1	-1
Net Cash Flow	998	978	-1,575	2,678	-3,168	3,089
Cash Interest Paid	5,021	4,943	4,318	2,388	1,892	1,442
Cash Income Tax Paid	569	272	555	491	342	310
Levered Free Cash Flow	2,207	3,710	1,844	1,291	-740.13	5,540
Unlevered Free Cash Flow	5,685	7,074	4,700	2,746	397.38	6,484
Change in Working Capital	188	466	636	608	-2,374	2,534

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.