Investment AB Latour 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	3,648	3,415	3,599	3,246	2,556
Depreciation & Amortization	855	758	711	593	573
Other Adjustments	-744	-538	-616	-598	-438
Change in Receivables	-72	81	574	-591	-714
Changes in Inventories	-164	164	684	-996	-1,121
Changes in Other Operating Activities	222	-227	-345	-61	926
Operating Cash Flow	3,745	3,653	4,607	1,593	1,782
Operating Cash Flow Growth	2.52%	-20.71%	189.20%	-10.61%	-23.68%
Capital Expenditures	-707	-569	-444	-440	-306
Sale of Property, Plant & Equipment	60	10	17	328	24
Purchases of Investments	-18	-419	-933	-1,129	-1,201
Proceeds from Sale of Investments	7	8	-	144	105
Payments for Business Acquisitions	-3,384	-2,564	-362	-1,580	-2,289
Proceeds from Business Divestments	-63	-	-	100	0
Other Investing Activities	1,637	1,581	1,430	1,311	1,010
Investing Cash Flow	-4,936	-3,906	-584	-1,266	-2,657
Long-Term Debt Issued	2,565	1,865	-906	1,959	417
Net Long-Term Debt Issued (Repaid)	2,565	1,865	-906	1,959	417
Repurchase of Common Stock	-	-31	-25	43	-81
Net Common Stock Issued (Repurchased)	-	-31	-25	43	-81
Common Dividends Paid	-2,941	-2,621	-2,366	-2,110	-1,918
Other Financing Activities	-1,034	-295	-461	-168	-129
Financing Cash Flow	-1,410	-1,082	-3,758	-276	-1,711
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-237	107	-32	143	69
Net Cash Flow	-133	618	557	51	-2,586
Free Cash Flow	3,038	3,084	4,163	1,153	1,476
Free Cash Flow Growth	-1.49%	-25.92%	261.06%	-21.88%	-17.77%
FCF Margin	10.79%	11.91%	16.29%	5.10%	7.95%
Free Cash Flow Per Share	4.74	4.81	6.49	1.80	2.30
Levered Free Cash Flow	7,688	8,161	5,594	5,217	4,866
Unlevered Free Cash Flow	5,536	5,068	3,802	1,895	2,318

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