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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	451	514	435	373.3	412.61	267.07
Cash & Short-Term Investments	451	514	435	373.3	412.61	267.07
Cash Growth	-10.16%	18.16%	16.53%	-9.53%	54.50%	35.21%
Accounts Receivable	177	160	153	129.4	64.04	115.88
Other Receivables	486	366	228	188.8	118.65	26.39
Receivables	897	719	516	371.8	182.68	142.27
Prepaid Expenses	33	33	26	16.6	8.86	4.75
Other Current Assets	-	-	-1	0.1	-	0
Total Current Assets	1,381	1,266	976	761.8	604.16	414.09
Property, Plant & Equipment	222	167	192	205.4	205.11	63.6
Long-Term Investments	-	23	26	16.6	-	-
Goodwill	716	610	610	605.6	-	-
Other Intangible Assets	646	545	497	380.1	121.38	96.66
Long-Term Deferred Tax Assets	45	43	1	1.4	0.77	0.56
Other Long-Term Assets	1	-2	-	0.3	-	-
Total Assets	3,011	2,652	2,302	1,971	931.42	574.9
Accounts Payable	42	45	27	24	16.94	19.38
Accrued Expenses	123	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	117	133	87	69.8	57.29	37.75
Current Unearned Revenue	404	350	272	173.3	142.33	116.92
Other Current Liabilities	63	70	59	41.8	21.31	15.5
Total Current Liabilities	790	723	558	515.3	306.04	249.59
Long-Term Debt	-	-	200	200	-	-
Long-Term Leases	140	113	129	147.1	156.13	45.55
Long-Term Deferred Tax Liabilities	44	33	37	36.4	-	-
Other Long-Term Liabilities	64	11	97	90.7	-	-
Total Liabilities	1,038	880	1,021	989.5	462.17	295.13
Common Stock	1	1	1	1.2	1.2	1.2
Additional Paid-In Capital	439	424	421	419.6	102.63	88.64
Retained Earnings	1,534	1,347	859	560.9	365.42	189.93
Comprensive Income & Other	-1	-	-	-	-	-
Total Common Equity	1,973	1,772	1,281	981.7	469.26	279.77
Shareholders' Equity	1,973	1,772	1,281	981.7	469.26	279.77
Total Liabilities & Equity	3,011	2,652	2,302	1,971	931.42	574.9
Total Debt	181	146	363	490.1	176.66	56.5
Net Cash (Debt)	270	368	72	-116.8	235.95	210.56
Net Cash Growth	11.57%	411.11%	-	-	12.06%	149.93%
Net Cash Per Share	0.44	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	591	543	418	246.5	298.12	164.5
Book Value Per Share	3.23	2.91	2.10	1.61	0.78	0.47
Tangible Book Value	611	617	174	-4	347.87	183.11
Tangible Book Value Per Share	1.00	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.