STO:EPRO.B 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	736	803	775	686	487
Depreciation & Amortization	534	557	418	403	282
Other Amortization	-	6	9	10	13
Other Operating Activities	139	-6	-52	35	-36
Change in Accounts Receivable	-96	-	96	-277	-216
Change in Inventory	10	60	260	-433	-139
Change in Accounts Payable	-55	133	-269	88	398
Change in Other Net Operating Assets	25	-148	-62	-37	312
Operating Cash Flow	1,293	1,405	1,175	475	1,101
Operating Cash Flow Growth	-7.97%	19.57%	147.37%	-56.86%	51.03%
Capital Expenditures	-306	-275	-163	-130	-155
Cash Acquisitions	-	-1,142	-	4	-2,103
Divestitures	-	-	-	-35	-
Sale (Purchase) of Intangibles	-57	-40	-28	-9	-4
Other Investing Activities	-21	3	3	18	31
Investing Cash Flow	-384	-1,454	-188	-152	-2,231
Short-Term Debt Issued	-	-	766	-	656
Long-Term Debt Issued	-	2,900	-	1,534	615
Total Debt Issued	-	2,900	766	1,534	1,271
Short-Term Debt Repaid	-316	-459	-	-1,362	-
Long-Term Debt Repaid	-254	-2,316	-1,629	-80	-74
Total Debt Repaid	-570	-2,775	-1,629	-1,442	-74
Net Debt Issued (Repaid)	-570	125	-863	92	1,197
Common Dividends Paid	-244	-230	-201	-144	-
Other Financing Activities	-9	-15	172	-233	-31
Financing Cash Flow	-823	-120	-892	-285	1,166
Foreign Exchange Rate Adjustments	-25	4	-34	24	3
Miscellaneous Cash Flow Adjustments	-1	-	-	-	-
Net Cash Flow	60	-165	61	62	39
Free Cash Flow	987	1,130	1,012	345	946
Free Cash Flow Growth	-12.65%	11.66%	193.33%	-63.53%	103.88%
Free Cash Flow Margin	8.11%	8.98%	8.54%	3.13%	12.03%
Free Cash Flow Per Share	3.43	3.93	3.52	1.20	3.29
Cash Interest Paid	114	184	148	65	16
Cash Income Tax Paid	315	333	355	226	141
Levered Free Cash Flow	615	788.55	1,093	-129.7	1,021
Unlevered Free Cash Flow	745	931.67	1,254	-41.58	1,038
Change in Working Capital	-116	45	25	-659	355

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