Fortnox AB (publ) (STO: FNOX)

Fortnox AB Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	660	514	435	373.3	412.61	267.07
Cash & Short-Term Investments	660	514	435	373.3	412.61	267.07
Cash Growth	99.40%	18.16%	16.53%	-9.53%	54.50%	35.21%
Accounts Receivable	104	160	153	129.4	64.04	115.88
Other Receivables	523	366	228	188.8	118.65	26.39
Receivables	864	719	516	371.8	182.68	142.27
Prepaid Expenses	28	33	26	16.6	8.86	4.75
Other Current Assets	354	-	-1	0.1	-	0
Total Current Assets	1,906	1,266	976	761.8	604.16	414.09
Property, Plant & Equipment	218	167	192	205.4	205.11	63.6
Long-Term Investments	-	23	26	16.6	-	-
Goodwill	485	610	610	605.6	-	-
Other Intangible Assets	550	545	497	380.1	121.38	96.66
Long-Term Deferred Tax Assets	46	43	1	1.4	0.77	0.56
Other Long-Term Assets	1	-2	-	0.3	-	-
Total Assets	3,206	2,652	2,302	1,971	931.42	574.9
Accounts Payable	36	45	27	24	16.94	19.38
Accrued Expenses	104	92	79	63.4	47.63	49.08
Short-Term Debt	-	-	-	113.9	-	-
Current Portion of Leases	41	33	34	29.1	20.53	10.96
Current Income Taxes Payable	144	133	87	69.8	57.29	37.75
Current Unearned Revenue	405	350	272	173.3	142.33	116.92
Other Current Liabilities	92	70	59	41.8	21.31	15.5
Total Current Liabilities	822	723	558	515.3	306.04	249.59
Long-Term Debt	-	-	200	200	-	-
Long-Term Leases	131	113	129	147.1	156.13	45.55
Long-Term Deferred Tax Liabilities	26	33	37	36.4	-	-
Other Long-Term Liabilities	65	11	97	90.7	-	-
Total Liabilities	1,044	880	1,021	989.5	462.17	295.13
Common Stock	1	1	1	1.2	1.2	1.2
Additional Paid-In Capital	440	424	421	419.6	102.63	88.64
Retained Earnings	1,720	1,347	859	560.9	365.42	189.93
Comprehensive Income & Other	1	-	-	-	-	-
Total Common Equity	2,162	1,772	1,281	981.7	469.26	279.77
Shareholders' Equity	2,162	1,772	1,281	981.7	469.26	279.77
Total Liabilities & Equity	3,206	2,652	2,302	1,971	931.42	574.9
Total Debt	172	146	363	490.1	176.66	56.5
Net Cash (Debt)	488	368	72	-116.8	235.95	210.56
Net Cash Growth	174.16%	411.11%	-	-	12.06%	149.93%
Net Cash Per Share	0.80	0.60	0.12	-0.19	0.39	0.35
Filing Date Shares Outstanding	609.98	609.74	609.74	609.74	601.35	597.85
Total Common Shares Outstanding	609.98	609.74	609.74	609.74	601.35	597.85
Working Capital	1,084	543	418	246.5	298.12	164.5
Book Value Per Share	3.54	2.91	2.10	1.61	0.78	0.47
Tangible Book Value	1,127	617	174	-4	347.87	183.11
Tangible Book Value Per Share	1.85	1.01	0.29	-0.01	0.58	0.31
Machinery	-	71	69	58.6	41.26	14.22
Leasehold Improvements	-	5	5	4.2	3.85	-

Source: S&P Capital IQ. Standard template. Financial Sources.