Midsummer AB (publ) (STO:MIDS)

Heartland Financial USA Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-151.02	-129.45	-222.21	-87.84	-129.51	-92.3
Depreciation & Amortization	39.41	36.21	35.58	0.5	21.14	21.37
Other Amortization	-	-	-	19.02	17.09	9.8
Asset Writedown & Restructuring Costs	27.1	27.1	-	0.33	0.19	-9.33
Other Operating Activities	-51.87	3.22	13.4	-57.33	-0.13	-2.11
Change in Accounts Receivable	89.61	65.52	78.31	-2.58	54.56	-24.85
Change in Inventory	-12.69	-11.72	-10.7	9.91	-3.89	-2.95
Change in Other Net Operating Assets	2.59	0.93	34.57	35.65	-22.83	20.68
Operating Cash Flow	-56.88	-8.2	-71.07	-82.34	-63.39	-79.69
Capital Expenditures	-2.57	-41.9	-43.8	-49.61	-90.35	-29.08
Sale of Property, Plant & Equipment	0.2	0.12	0.13	-	-	-
Sale (Purchase) of Intangibles	-21.13	-20.79	-20.23	-20.2	-25	-23.92
Investing Cash Flow	-23.49	-62.57	-63.9	-69.8	-115.35	-53
Long-Term Debt Issued	-	14.99	20.01	20	-	-
Total Debt Issued	84.97	14.99	20.01	20	-	-
Long-Term Debt Repaid	-	-19.41	-35.32	-6.53	-6.9	-9.37
Total Debt Repaid	-109.63	-19.41	-35.32	-6.53	-6.9	-9.37
Net Debt Issued (Repaid)	-24.66	-4.42	-15.31	13.47	-6.9	-9.37
Issuance of Common Stock	112.33	65.99	168.04	-	125.87	247.96
Other Financing Activities	-7.03	-2.84	0.05	-19.03	-	-
Financing Cash Flow	80.64	58.73	152.78	-5.56	118.97	238.59
Foreign Exchange Rate Adjustments	0.31	-0.02	0.32	0.92	1.31	0.7
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	-0
Net Cash Flow	0.57	-12.06	18.14	-156.77	-58.45	106.6
Free Cash Flow	-59.45	-50.1	-114.86	-131.95	-153.74	-108.78
Free Cash Flow Margin	-120.65%	-96.20%	-231.44%	-179.50%	-128.89%	-113.88%
Free Cash Flow Per Share	-0.25	-0.24	-1.11	-1.95	-2.59	-3.12
Cash Interest Paid	-	-	-	19.68	21.17	18.62
Levered Free Cash Flow	6.85	4.78	-159.57	-231.42	-139.06	-75.48
Unlevered Free Cash Flow	33.77	31.11	-109.76	-219.12	-125.83	-63.84
Change in Net Working Capital	-99.99	-136.41	-41.9	105.05	-25.69	7.12

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.