Investor AB (publ) (STO:INVE.A)

Investor AB Cash Flow Statement

Financials in millions SEK. 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
Other Adjustments	24,135	25,407	22,380	17,721	15,695
Changes in Income Taxes Payable	-1,972	-1,824	-1,414	-1,111	-1,440
Operating Cash Flow	22,164	23,582	20,966	16,610	14,256
Operating Cash Flow Growth	-6.01%	12.48%	26.22%	16.51%	29.95%
Capital Expenditures	-3,177	-4,420	-3,721	-4,368	-3,799
Sale of Property, Plant & Equipment	1,629	4,349	48	373	68
Purchases of Investments	-17,236	-7,641	-14,226	-9,534	-25,603
Proceeds from Sale of Investments	6,858	7,754	21,111	14,292	14,103
Payments for Business Acquisitions	-36,225	-10,815	-11,013	-6,752	-18,610
Proceeds from Business Divestments	8,739	3,913	8,008	11,779	22,984
Other Investing Activities	7,750	-4,202	192	-13,248	8,087
Investing Cash Flow	-31,663	-11,062	399	-7,458	-2,772
Long-Term Debt Issued	39,274	21,389	13,291	13,273	6,172
Long-Term Debt Repaid	-14,647	-17,031	-14,996	-15,965	-8,968
Net Long-Term Debt Issued (Repaid)	24,627	4,358	-1,705	-2,692	-2,796
Issuance of Common Stock	6	-	0	21	494
Repurchase of Common Stock	-198	-356	-226	-147	-149
Net Common Stock Issued (Repurchased)	-192	-356	-226	-126	345
Common Dividends Paid	-15,929	-14,704	-13,499	-12,286	-10,722
Other Financing Activities	-1,251	-3,864	-	-	-
Financing Cash Flow	7,255	-14,566	-15,430	-15,104	-13,174
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-917	471	-304	787	350
Net Cash Flow	-2,244	-2,046	5,934	-5,952	-1,690
Free Cash Flow	18,987	19,162	17,245	12,242	10,457
Free Cash Flow Growth	-0.91%	11.12%	40.87%	17.07%	27.77%
FCF Margin	8.63%	10.84%	9.31%	-62.64%	3.94%
Free Cash Flow Per Share	-	6.25	5.63	3.99	3.41
Levered Free Cash Flow	176,972	111,452	120,205	-82,852	220,030
Unlevered Free Cash Flow	156,496	114,547	126,707	-73,889	226,068

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