Camurus 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	735.57	428.39	431.44	55.55	-90.45
Depreciation & Amortization	25.01	12.99	11.9	10.11	8.85
Other Amortization	-	1.79	1.79	2.83	3.84
Asset Writedown & Restructuring Costs	-	-0.14	0.3	-	-
Stock-Based Compensation	-2.59	34.83	102.72	39.31	12.52
Other Operating Activities	168.99	115.23	103.18	11.04	-24.86
Change in Accounts Receivable	-20.71	-142.25	-79.08	-58.5	-83.8
Change in Inventory	27.71	-39.03	5.86	0.37	4.15
Change in Accounts Payable	-9.87	18.35	13.55	32.12	32.15
Change in Other Net Operating Assets	-54.8	-42.17	15.23	8.37	-5.81
Operating Cash Flow	869.3	387.99	606.88	101.2	-143.43
Operating Cash Flow Growth	124.05%	-36.07%	499.69%	-	-
Capital Expenditures	-137.88	-27.61	-9.19	-1.91	-3.99
Sale (Purchase) of Intangibles	-0.64	-1.76	-0.94	7.29	-0.95
Investing Cash Flow	-138.52	-29.37	-10.13	5.38	-4.94
Long-Term Debt Repaid	-18.11	-10.62	-9.52	-7.79	-7.14
Net Debt Issued (Repaid)	-18.11	-10.62	-9.52	-7.79	-7.14
Issuance of Common Stock	176.52	1,312	32.69	58.49	105.8
Repurchase of Common Stock	-0.08	-0.08	-	-	-
Other Financing Activities	-0.04	-0.16	5.59	-7	0.24
Financing Cash Flow	158.3	1,301	28.76	43.71	98.9
Foreign Exchange Rate Adjustments	-15.81	3.57	-1.21	3.68	-0.75
Net Cash Flow	873.27	1,663	624.3	153.96	-50.22
Free Cash Flow	731.42	360.38	597.69	99.29	-147.42
Free Cash Flow Growth	102.96%	-39.70%	501.94%	-	-
Free Cash Flow Margin	32.29%	19.30%	34.81%	10.38%	-24.55%
Free Cash Flow Per Share	12.19	6.06	10.39	1.74	-2.71
Cash Interest Paid	5.76	1.08	1.34	1.53	1.37
Cash Income Tax Paid	27.1	12.07	10.32	6.54	3.54
Levered Free Cash Flow	329.23	159.74	440.07	85.09	-76.71
Unlevered Free Cash Flow	332.83	160.36	440.87	85.85	-75.86
Change in Working Capital	-57.67	-205.09	-44.45	-17.64	-53.32

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