Medicover AB Cash Flow Statement

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

Millions EUR. 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	77.5	16.7	17.6	11.8	101.8
Depreciation & Amortization	197.1	183.1	170.2	149.7	104.2
Other Amortization	17.5	15.1	12.4	9.5	6.8
Asset Writedown & Restructuring Costs	0.7	16.4	-0.2	2.7	-
Loss (Gain) From Sale of Investments	-	-	-	1.3	-0.4
Stock-Based Compensation	15.4	12.2	9.4	9.6	6.4
Other Operating Activities	40.6	36.4	10	25.2	38.8
Change in Accounts Receivable	-53.4	-53.3	-29.1	-26.7	-49.5
Change in Inventory	-1	-8.2	-5.1	12.7	-17.1
Change in Accounts Payable	49.3	43.5	19.8	-25.6	25.7
Operating Cash Flow	343.7	261.9	205	170.2	216.7
Operating Cash Flow Growth	31.23%	27.76%	20.45%	-21.46%	39.72%
Capital Expenditures	-158.1	-122.3	-110.5	-140.6	-102.2
Sale of Property, Plant & Equipment	1	2.2	1.4	3	2.1
Cash Acquisitions	-174.6	-18.1	-19.6	-229.1	-87.5
Divestitures	-	-	14	-	-
Investment in Securities	2.6	-2.3	-1.6	180.1	-144.2
Other Investing Activities	7	5.7	4	1.8	1
Investing Cash Flow	-322.1	-134.7	-119.8	-184.8	-333.6
Long-Term Debt Issued	945.2	884.8	461.9	524.1	293.7
Long-Term Debt Repaid	-859.1	-829.2	-462.8	-485.3	-93.2
Net Debt Issued (Repaid)	86.1	55.6	-0.9	38.8	200.5
Issuance of Common Stock	-	-	0.3	-	0.3
Repurchase of Common Stock	-	-	-0.3	-	-0.3
Common Dividends Paid	-22.5	-18	-17.9	-17.8	-10.4
Other Financing Activities	-69.4	-145.6	-54.9	-45.3	-26
Financing Cash Flow	-5.8	-108	-73.7	-24.3	164.1
Foreign Exchange Rate Adjustments	-3.3	-0.2	-1.1	-2.6	-12
Net Cash Flow	12.5	19	10.4	-41.5	35.2
Free Cash Flow	185.6	139.6	94.5	29.6	114.5
Free Cash Flow Growth	32.95%	47.73%	219.26%	-74.15%	38.62%
Free Cash Flow Margin	7.80%	6.67%	5.41%	1.96%	8.31%
Free Cash Flow Per Share	1.23	0.93	0.63	0.20	0.77
Cash Interest Paid	60.7	59.4	46.5	32.4	19.7
Cash Income Tax Paid	38.5	19.2	28.8	19.1	18.3
Levered Free Cash Flow	137.34	99.25	70.86	56.68	90.66
Unlevered Free Cash Flow	177.34	136	102.99	78.24	103.23
Change in Working Capital	-5.1	-18	-14.4	-39.6	-40.9

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