H & M Hennes & Mauritz AB (publ) (STO:HM.B)
Sweden · Delayed Price · Currency is SEK 165.90
+2.75 (1.69%)
Oct 13, 2026, 4:15 PM CET
H & M Hennes & Mauritz AB Cash Flow Statement
Financials in millions SEK. Fiscal year is December - November.
Millions SEK. Fiscal year is Dec - Nov.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | Nov '25 Nov 30, 2025 | Nov '24 Nov 30, 2024 | Nov '23 Nov 30, 2023 | Nov '22 Nov 30, 2022 | Nov '21 Nov 30, 2021 |
Net Income | 13,195 | 12,158 | 11,621 | 8,745 | 3,566 | 11,010 |
Depreciation & Amortization | 17,078 | 18,299 | 19,504 | 20,223 | 19,454 | 20,871 |
Other Amortization | 2,127 | 2,127 | 2,094 | 1,962 | 1,665 | 1,449 |
Asset Writedown & Restructuring Costs | 723 | 714 | 654 | 770 | 1,460 | - |
Other Operating Activities | 2,053 | 453 | 2,872 | -2,594 | 188 | -1,697 |
Change in Accounts Receivable | -979 | -3,082 | -2,299 | -594 | -452 | -736 |
Change in Inventory | -581 | 3,785 | -3,036 | 5,248 | -3,734 | 1,263 |
Change in Other Net Operating Assets | 1,314 | -3,334 | 346 | 189 | 2,598 | 12,459 |
Operating Cash Flow | 34,930 | 31,120 | 31,756 | 33,949 | 24,745 | 44,619 |
Operating Cash Flow Growth | 17.66% | -2.00% | -6.46% | 37.20% | -44.54% | 72.27% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | Nov '25 Nov 30, 2025 | Nov '24 Nov 30, 2024 | Nov '23 Nov 30, 2023 | Nov '22 Nov 30, 2022 | Nov '21 Nov 30, 2021 |
Capital Expenditures | -7,875 | -9,240 | -10,060 | -7,986 | -4,527 | -2,727 |
Sale (Purchase) of Intangibles | -1,059 | -1,439 | -1,388 | -978 | -1,484 | -737 |
Investment in Securities | 151 | 64 | -126 | -655 | -1,071 | -614 |
Investing Cash Flow | -8,783 | -10,615 | -11,574 | -9,619 | -7,082 | -4,078 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | Nov '25 Nov 30, 2025 | Nov '24 Nov 30, 2024 | Nov '23 Nov 30, 2023 | Nov '22 Nov 30, 2022 | Nov '21 Nov 30, 2021 |
Short-Term Debt Issued | - | 353 | - | - | 680 | - |
Long-Term Debt Issued | - | 6,945 | - | 6,312 | - | 5,127 |
Total Debt Issued | 3,899 | 7,298 | - | 6,312 | 680 | 5,127 |
Short-Term Debt Repaid | - | - | -2,966 | -408 | - | -7,671 |
Long-Term Debt Repaid | - | -12,477 | -12,879 | -12,867 | -12,139 | -16,883 |
Lease Payments | -11,973 | -12,328 | -12,631 | -12,867 | -12,139 | -12,279 |
Total Debt Repaid | -12,122 | -12,477 | -15,845 | -13,275 | -12,139 | -24,554 |
Net Debt Issued (Repaid) | -8,223 | -5,179 | -15,845 | -6,963 | -11,459 | -19,427 |
Repurchase of Common Stock | -1,229 | -254 | -2,928 | -1,075 | -3,000 | - |
Common Dividends Paid | -11,123 | -10,906 | -10,456 | -10,577 | -10,687 | -10,758 |
Other Financing Activities | 106 | 31 | 24 | - | - | - |
Financing Cash Flow | -20,469 | -16,308 | -29,205 | -18,615 | -25,146 | -30,185 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | Nov '25 Nov 30, 2025 | Nov '24 Nov 30, 2024 | Nov '23 Nov 30, 2023 | Nov '22 Nov 30, 2022 | Nov '21 Nov 30, 2021 |
Foreign Exchange Rate Adjustments | 466 | -629 | -35 | -1,024 | 1,719 | 574 |
Net Cash Flow | 6,144 | 3,568 | -9,058 | 4,691 | -5,764 | 10,930 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | Nov '25 Nov 30, 2025 | Nov '24 Nov 30, 2024 | Nov '23 Nov 30, 2023 | Nov '22 Nov 30, 2022 | Nov '21 Nov 30, 2021 |
Free Cash Flow | 27,055 | 21,880 | 21,696 | 25,963 | 20,218 | 41,892 |
Free Cash Flow Growth | 39.25% | 0.85% | -16.43% | 28.42% | -51.74% | 87.91% |
Free Cash Flow Margin | 12.25% | 9.59% | 9.25% | 11.00% | 9.04% | 21.05% |
Free Cash Flow Per Share | 16.92 | 13.64 | 13.46 | 15.94 | 12.25 | 25.31 |
Levered Free Cash Flow | 19,920 | 19,585 | 16,442 | 22,190 | 18,521 | 38,750 |
Unlevered Free Cash Flow | 21,653 | 21,243 | 18,163 | 23,530 | 19,218 | 39,473 |
Free Cash Flow After Leases | 15,082 | 9,552 | 9,065 | 13,096 | 8,079 | 29,613 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | Nov '25 Nov 30, 2025 | Nov '24 Nov 30, 2024 | Nov '23 Nov 30, 2023 | Nov '22 Nov 30, 2022 | Nov '21 Nov 30, 2021 |
Cash Interest Paid | 829 | 671 | 760 | 399 | 243 | 380 |
Cash Income Tax Paid | 3,525 | 3,890 | 1,717 | 5,565 | 3,499 | 4,974 |
Change in Working Capital | -246 | -2,631 | -4,989 | 4,843 | -1,588 | 12,986 |