Ratos AB Cash Flow Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	722	3,331	1,670	3,010	1,618	3,377
Depreciation & Amortization	-	-	-	2,298	1,340	-
Other Adjustments	2,014	-404	1,024	-1,719	639	-960
Change in Receivables	22	131	351	25	-1,062	-38
Changes in Inventories	23	64	130	571	-487	-459
Changes in Accounts Payable	14	-784	399	850	913	-206
Changes in Income Taxes Payable	-284	-363	-447	-316	-301	-265
Changes in Other Operating Activities	542	320	318	122	-	-
Operating Cash Flow	3,051	2,294	3,445	4,275	1,431	1,448
Operating Cash Flow Growth	2.73%	-33.41%	-19.41%	198.74%	-1.17%	-54.76%
Purchases of Intangible Assets	-420	-394	-287	-231	-405	-419
Purchases of Investments	6	6	-52	24	685	15
Payments for Business Acquisitions	-77	-43	-608	-333	-4,542	-2,492
Proceeds from Business Divestments	774	101	-25	-2	5	2,634
Other Investing Activities	-	-	-	-	-	4
Investing Cash Flow	284	-330	-972	-542	-4,257	-258
Long-Term Debt Issued	1,208	3,262	3,405	1,884	9,957	2,361
Long-Term Debt Repaid	-3,627	-4,597	-4,463	-5,111	-6,335	-3,902
Net Long-Term Debt Issued (Repaid)	-2,419	-1,335	-1,058	-3,227	3,622	-1,541
Issuance of Common Stock	-	-	-2	-	2	227
Net Common Stock Issued (Repurchased)	-	-	-2	-	2	227
Common Dividends Paid	-1,342	-442	-409	-274	-390	-303
Other Financing Activities	-231	-1,133	-1,150	-297	-242	-609
Financing Cash Flow	-3,105	-2,909	-2,618	-3,798	2,991	-2,227
Effect of Exchange Rate Changes on Cash and Cash Equivalents	16	-105	-29	-108	138	84
Net Cash Flow	230	-944	-145	-65	165	-1,037