Ratos 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	2,130	249	1,218	548	2,637
Depreciation & Amortization	1,297	1,504	-	1,245	943
Other Amortization	-	-	-	77	65
Loss (Gain) From Sale of Assets	-2,798	-83	-68	104	55
Asset Writedown & Restructuring Costs	1,885	349	-	18	12
Loss (Gain) From Sale of Investments	-	-	-1,656	-	-
Loss (Gain) on Equity Investments	-544	-439	-433	-255	-189
Other Operating Activities	-2,134	310	3,768	330	-1,366
Change in Accounts Receivable	131	351	25	-1,062	-38
Change in Inventory	64	130	571	-487	-459
Change in Other Net Operating Assets	-784	399	850	913	-206
Operating Cash Flow	2,294	3,445	4,275	1,431	1,448
Operating Cash Flow Growth	-33.41%	-19.41%	198.74%	-1.17%	-54.76%
Capital Expenditures	-394	-287	-231	-405	-419
Cash Acquisitions	-43	-608	-333	-4,542	-2,492
Divestitures	101	-25	-2	5	2,634
Investment in Securities	6	-52	24	685	15
Other Investing Activities	-	-	-	-	4
Investing Cash Flow	-330	-972	-542	-4,257	-258
Long-Term Debt Issued	3,262	3,405	1,884	9,957	2,361
Long-Term Debt Repaid	-4,597	-4,463	-5,111	-6,335	-3,902
Net Debt Issued (Repaid)	-1,335	-1,058	-3,227	3,622	-1,541
Issuance of Common Stock	-	-	-	19	232
Repurchase of Common Stock	-	-2	-	-	-
Common Dividends Paid	-442	-409	-274	-390	-303
Dividends Paid	-442	-409	-274	-390	-303
Other Financing Activities	-1,132	-1,149	-297	-260	-615
Financing Cash Flow	-2,909	-2,618	-3,798	2,991	-2,227
Foreign Exchange Rate Adjustments	-105	-29	-108	138	84
Miscellaneous Cash Flow Adjustments	-	-	1	-1	1
Net Cash Flow	-1,050	-174	-172	302	-952
Free Cash Flow	1,900	3,158	4,044	1,026	1,029
Free Cash Flow Growth	-39.84%	-21.91%	294.15%	-0.29%	-59.44%
Free Cash Flow Margin	9.97%	15.75%	11.98%	3.43%	4.56%
Free Cash Flow Per Share	5.80	9.65	12.26	3.14	3.15
Cash Interest Paid	-	-	-	-	339
Cash Income Tax Paid	363	447	316	301	265
Levered Free Cash Flow	-2,189	2,331	2,314	691.5	3,488
Unlevered Free Cash Flow	-1,873	2,769	2,699	935.25	3,687
Change in Working Capital	-589	880	1,446	-636	-703

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