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	19,458	16,461	19,794	21,443	18,451
Depreciation & Amortization	7,415	7,981	7,459	6,648	5,995
Other Adjustments	-711	1,427	1,325	-2,189	-2,813
Change in Receivables	-1,602	347	-171	-2,107	-3,477
Changes in Inventories	-1,764	1,189	292	-9,070	-5,245
Changes in Accounts Payable	2,274	-280	-2,527	1,601	4,995
Changes in Income Taxes Payable	-5,156	-5,474	-6,852	-5,262	-4,154
Changes in Other Operating Activities	-724	-1,044	-523	-599	-577
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
Purchases of Intangible Assets	-972	-1,276	-1,482	-966	-642
Proceeds from Sale of Intangible Assets	2	7	6	6	13
Purchases of Investments	-2	-23	-113	-499	-
Proceeds from Sale of Investments	6	18	10	-	141
Payments for Business Acquisitions	-2,997	-3,187	-1,877	-15,184	-23,578
Proceeds from Business Divestments	336	-22	-164	-34	423
Other Investing Activities	-276	122	-1,327	-801	-190
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	-5,024	-10,535	-8,457	-17,658	-9,660
Net Long-Term Debt Issued (Repaid)	-3,259	-4,607	-8,379	14,849	11,652
Repurchase of Common Stock	-6	-61	-242	-270	-
Net Common Stock Issued (Repurchased)	-6	-61	-242	-270	-
Common Dividends Paid	-7,203	-6,880	-6,261	-5,955	-8,140
Other Financing Activities	-1,433	-1,439	-1,323	-2,400	-1,025
Financing Cash Flow	-11,901	-12,988	-16,206	6,222	2,486
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-494	216	-213	521	360
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%	-12.68%
FCF 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
Levered Free Cash Flow	10,641	6,443	898	15,815	24,191
Unlevered Free Cash Flow	14,921	12,509	11,306	3,227	11,521

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.