Sandvik 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	14,690	12,243	15,300	11,212	14,461
Depreciation & Amortization	7,415	6,871	6,473	5,698	5,335
Other Amortization	-	737	745	718	716
Loss (Gain) From Sale of Assets	-	157	-382	-282	-586
Asset Writedown & Restructuring Costs	-	373	241	232	-56
Loss (Gain) on Equity Investments	-	208	-16	-6	4
Other Operating Activities	-1,824	-1,238	-1,158	2,469	-2,970
Change in Accounts Receivable	-1,602	347	-171	-2,107	-3,477
Change in Inventory	-1,764	1,189	292	-9,070	-5,245
Change in Other Net Operating Assets	2,274	-280	-2,527	1,601	4,995
Operating Cash Flow	19,189	20,607	18,797	10,465	13,177
Operating Cash Flow Growth	-6.88%	9.63%	79.62%	-20.58%	-14.14%
Capital Expenditures	-2,835	-3,565	-3,872	-3,564	-2,936
Sale of Property, Plant & Equipment	376	257	315	739	578
Cash Acquisitions	-2,997	-3,187	-1,877	-15,184	-23,578
Divestitures	336	-22	-164	-34	423
Sale (Purchase) of Intangibles	-970	-1,269	-1,476	-960	-629
Investment in Securities	-272	117	-1,430	-1,300	-49
Other Investing Activities	-2	-2	-1	-1	-
Investing Cash Flow	-6,364	-7,671	-8,505	-20,304	-26,191
Long-Term Debt Issued	1,765	5,928	78	32,507	21,312
Long-Term Debt Repaid	-6,457	-11,974	-9,780	-18,872	-10,685
Net Debt Issued (Repaid)	-4,692	-6,046	-9,702	13,635	10,627
Repurchase of Common Stock	-6	-61	-242	-270	-
Common Dividends Paid	-7,203	-6,880	-6,261	-5,955	-8,140
Other Financing Activities	-	-1	-1	-1,188	-1
Financing Cash Flow	-11,901	-12,988	-16,206	6,222	2,486
Foreign Exchange Rate Adjustments	-494	216	-213	521	360
Miscellaneous Cash Flow Adjustments	-	1	1	-	1
Net Cash Flow	430	165	-6,126	-3,096	-10,167
Free Cash Flow	16,354	17,042	14,925	6,901	10,241
Free Cash Flow Growth	-4.04%	14.18%	116.27%	-32.61%	-19.13%
Free Cash Flow Margin	13.55%	13.87%	11.80%	6.14%	11.95%
Free Cash Flow Per Share	13.03	13.57	11.88	5.50	8.15
Cash Interest Paid	-	2,737	2,593	1,378	964
Cash Income Tax Paid	5,156	5,474	6,852	5,262	4,154
Levered Free Cash Flow	15,669	15,109	9,479	7,305	4,427
Unlevered Free Cash Flow	16,913	16,704	11,118	8,330	4,951
Change in Working Capital	-1,092	1,256	-2,406	-9,576	-3,727

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.