EQT AB (publ) (STO:EQT)

EQT AB Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	953	888	312.8	309	877.9
Depreciation & Amortization	429	436	418.2	197	92.3
Other Adjustments	-213	-206	308.2	220	-273.2
Change in Receivables	36	-30	-121.5	-97	-148.3
Changes in Accounts Payable	71	96	17.6	18	105.8
Changes in Income Taxes Payable	-203	-130	-105.3	-99	-46.3
Changes in Other Operating Activities	430	464	75	-	-
Operating Cash Flow	430	464	905	549	608.2
Operating Cash Flow Growth	-7.33%	-48.73%	64.84%	-9.73%	254.02%
Capital Expenditures	-35	-17	-23.1	-31	-11.5
Purchases of Intangible Assets	0	-	-0.5	0	-
Purchases of Investments	-	-	-	-87	-488.2
Proceeds from Sale of Investments	-	-	-	26	252.7
Payments for Business Acquisitions	-	-	-	-1,456	-631.6
Proceeds from Business Divestments	-	-	11.2	-	-
Other Investing Activities	1	15	13.3	0	-16.7
Investing Cash Flow	-34	-2	0.9	-1,548	-895.2
Long-Term Debt Issued	427	-	-	1,483	496
Long-Term Debt Repaid	-	-	-	-24	-256.7
Net Long-Term Debt Issued (Repaid)	427	-	-	1,459	239.3
Issuance of Common Stock	-	-	0.5	0	-0.2
Repurchase of Common Stock	-296	-118	-38	-	-
Net Common Stock Issued (Repurchased)	-296	-118	-37.5	0	-0.2
Common Dividends Paid	-461	-373	-298.4	-291	-233.9
Other Financing Activities	-95	-84	-79.3	-23	-25.5
Financing Cash Flow	-425	-574	-415.2	1,145	-20.3
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-17	22	-21.7	-90	17.2
Net Cash Flow	-28	-112	490.8	147	-307.3
Free Cash Flow	395	447	881.9	518	596.7
Free Cash Flow Growth	-11.63%	-49.31%	70.25%	-13.19%	264.95%
FCF Margin	15.01%	16.85%	41.55%	34.60%	37.39%
Free Cash Flow Per Share	0.34	0.38	0.74	0.50	0.61
Levered Free Cash Flow	1,847	1,625	550.3	1,720	1,289
Unlevered Free Cash Flow	1,466	1,616	582.21	291.78	1,049

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.