Paradox Interactive AB 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	146	721.36	657.87	887.15	307.45
Depreciation & Amortization	1,180	710.51	990.31	473.5	589.86
Other Adjustments	29.75	44.54	20.53	1.66	-7.76
Change in Receivables	14.61	112.79	-138.63	-141.06	42.44
Changes in Accounts Payable	-42.18	-217.62	106.2	-9.8	-45.2
Changes in Income Taxes Payable	-91.43	-248.07	-184.44	-126.7	-150.2
Operating Cash Flow	1,237	1,124	1,452	1,085	736.59
Operating Cash Flow Growth	10.06%	-22.61%	33.84%	47.27%	-34.60%
Capital Expenditures	-3.17	-1.16	-3.05	-2.12	-1.69
Purchases of Intangible Assets	-652.35	-602.51	-703.15	-793.77	-747.55
Purchases of Investments	-	-	-336.36	-0.03	-17.33
Proceeds from Sale of Investments	-	200.45	141.1	-	-
Payments for Business Acquisitions	-97.31	-	-	-11.06	-
Proceeds from Business Divestments	-	-	53.17	-	-
Investing Cash Flow	-752.82	-403.22	-848.28	-806.97	-766.57
Long-Term Debt Repaid	-39	-38.3	-37.72	-35.37	-33.99
Net Long-Term Debt Issued (Repaid)	-39	-38.3	-37.72	-35.37	-33.99
Common Dividends Paid	-528.12	-316.87	-211.24	-105.6	-105.6
Financing Cash Flow	-567.12	-355.17	-248.96	-140.97	-139.59
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-10.68	6.2	-4.08	10.98	1.75
Net Cash Flow	-83.41	365.13	354.6	136.8	-169.58
Free Cash Flow	1,233	1,122	1,449	1,083	734.89
Free Cash Flow Growth	9.89%	-22.53%	33.82%	47.32%	-34.48%
FCF Margin	56.27%	50.99%	54.83%	54.87%	50.77%
Free Cash Flow Per Share	11.67	10.62	13.69	10.24	6.95
Levered Free Cash Flow	1,129	789.99	1,402	1,008	606.54
Unlevered Free Cash Flow	1,152	800.55	1,417	1,046	643.4