Karnell Group AB Cash Flow Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	95	77.5	77.4	38.23	9.67
Depreciation & Amortization	86.9	82.6	54	37.46	24.04
Other Amortization	2.3	2.3	2	1.63	1.18
Other Operating Activities	14.2	-1.6	9.7	30.42	2.44
Change in Accounts Receivable	-27.6	12.9	-20.7	-22.56	-10.36
Change in Inventory	24.1	24.1	-15.5	-33.17	-4.6
Change in Accounts Payable	-10.7	-18.3	2.9	-5.01	-2.44
Change in Other Net Operating Assets	-9.1	-5.4	23	9.74	-0.81
Operating Cash Flow	175.1	174.1	132.8	56.74	19.14
Operating Cash Flow Growth	27.35%	31.10%	134.07%	196.46%	-
Capital Expenditures	-49.7	-48.1	-21.5	-33.88	-3.79
Sale of Property, Plant & Equipment	1.7	2	0.3	-	-
Cash Acquisitions	-265	-336.4	-162.3	-342.31	-176.81
Divestitures	-	-	-	-	-5.4
Sale (Purchase) of Intangibles	-3.6	-4.2	-4.3	-4.7	-5.34
Investment in Securities	-0.2	0.2	-0.6	-	-
Other Investing Activities	-	0.1	-0.1	-0	-
Investing Cash Flow	-316.9	-386.5	-189.2	-382.11	-191.33
Long-Term Debt Issued	-	153	427.8	137.02	97.54
Short-Term Debt Repaid	-	-57.9	-27.3	-	-
Long-Term Debt Repaid	-	-71.2	-397	-24.14	-18.3
Total Debt Repaid	-118.1	-129.1	-424.3	-24.14	-18.3
Net Debt Issued (Repaid)	21	23.9	3.5	112.88	79.24
Issuance of Common Stock	35.5	287	110.3	110.58	190.75
Other Financing Activities	-6.5	-6.9	-16.3	-	3.59
Financing Cash Flow	50	304	97.5	223.46	273.57
Foreign Exchange Rate Adjustments	-5.5	4.3	0.7	4.47	-0.44
Net Cash Flow	-97.4	95.9	41.8	-97.45	100.94
Free Cash Flow	125.4	126	111.3	22.86	15.35
Free Cash Flow Growth	11.27%	13.21%	386.96%	48.89%	-
Free Cash Flow Margin	8.49%	8.98%	10.09%	2.60%	3.64%
Free Cash Flow Per Share	2.31	2.42	2.61	0.66	0.69
Cash Interest Paid	35.4	37	28.1	18.88	11.53
Cash Income Tax Paid	46.7	46.5	33.7	23.5	11.22
Levered Free Cash Flow	166.03	106.28	19.91	-76.95	-
Unlevered Free Cash Flow	188.15	129.4	37.41	-65.1	-
Change in Net Working Capital	-41	2.7	78.11	127.25	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.