HMS Networks AB 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	649.82	364.5	717.33	623.44	448.45
Depreciation & Amortization	268.35	218.63	125.19	107.87	102.33
Stock-Based Compensation	8.86	-0.66	10.35	10.22	9.47
Other Adjustments	-218.38	-54.58	-102.35	-94.12	-23.98
Change in Receivables	-85.72	123.28	-2.82	-84.97	-92.51
Changes in Inventories	119.99	107.57	-242.41	-166.15	-28.96
Changes in Accounts Payable	27.29	-183.05	36.71	50.56	57.49
Changes in Other Operating Activities	107.07	16.33	-23.13	-15.74	36.2
Operating Cash Flow	877.28	592.02	518.86	431.11	508.49
Operating Cash Flow Growth	48.18%	14.10%	20.35%	-15.22%	37.51%
Capital Expenditures	-62.71	-39.38	-38.08	-33.6	-15.04
Sale of Property, Plant & Equipment	-	0.24	-	0.04	0.23
Purchases of Intangible Assets	-70.4	-81.69	-35.8	-49.45	-24.14
Purchases of Investments	-	-	-	-	-15
Payments for Business Acquisitions	-	-4,375	-55.06	-280.41	-44.62
Proceeds from Business Divestments	-	41.22	-	-	-
Other Investing Activities	-2.03	5.93	-6.18	-2.51	-1.47
Investing Cash Flow	-135.14	-4,449	-135.12	-365.93	-100.04
Long-Term Debt Issued	2,033	4,614	151.97	259.71	25.94
Long-Term Debt Repaid	-2,677	-1,734	-292.01	-144.95	-199.73
Net Long-Term Debt Issued (Repaid)	-643.58	2,880	-140.04	114.76	-173.79
Issuance of Common Stock	-	1,390	-	-	-
Repurchase of Common Stock	-	-11.24	-13.14	-34.24	-18.81
Net Common Stock Issued (Repurchased)	-	1,378	-13.14	-34.24	-18.81
Common Dividends Paid	-4.46	-224.69	-186.62	-139.93	-93.32
Other Financing Activities	-67.16	-207.01	-60.43	-39.55	-34.94
Financing Cash Flow	-715.21	3,827	-400.23	-98.96	-320.86
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-11.47	-20.15	-3.65	5.77	3.04
Net Cash Flow	26.93	-29.95	-16.49	-33.77	87.59
Free Cash Flow	814.57	552.64	480.78	397.51	493.45
Free Cash Flow Growth	47.39%	14.95%	20.95%	-19.44%	35.72%
FCF Margin	22.77%	18.07%	15.90%	15.86%	25.03%
Free Cash Flow Per Share	16.20	11.31	10.27	8.49	10.53
Levered Free Cash Flow	251.15	3,310	288.89	565.49	333.08
Unlevered Free Cash Flow	970.32	547.25	457.57	474.44	512.15

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