STO:STUDBO Cash Flow Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	282.97	20.07	-351.24	75.74	114.22	90.7
Depreciation & Amortization	1.86	1.86	1.94	1.63	0.13	-
Gain (Loss) on Sale of Assets	-1.28	-1.28	0.04	2.42	-	-
Change in Accounts Receivable	1.43	-21.84	-3.69	-0.61	-27.58	9.36
Change in Other Net Operating Assets	-12.36	7.36	-123.28	82.2	-18.04	-15.7
Other Operating Activities	-204.5	26.57	377.34	-24.11	-120.94	-63.79
Operating Cash Flow	68.11	32.74	-98.88	137.26	-52.22	20.56
Operating Cash Flow Growth	-	-	-	-	-	-62.62%
Acquisition of Real Estate Assets	-14.36	-246.21	-823.95	-1,011	-1,184	-80.08
Sale of Real Estate Assets	14.79	-	-	3.9	-	-
Net Sale / Acq. of Real Estate Assets	0.43	-246.21	-823.95	-1,007	-1,184	-80.08
Cash Acquisition	-	-0.03	-	-266.06	-520.83	-
Investment in Marketable & Equity Securities	-	-	-	-0.23	-0.84	-
Other Investing Activities	-0.65	26.62	-19.88	183.69	27.87	-
Investing Cash Flow	-0.05	-179.46	-844.09	-1,089	-1,677	-80.08
Short-Term Debt Issued	-	-	-	-	-	12.5
Long-Term Debt Issued	-	1,926	951.43	1,990	1,896	67.33
Total Debt Issued	835.28	1,926	951.43	1,990	1,896	79.83
Short-Term Debt Repaid	-	-	-	-	-0.64	-
Long-Term Debt Repaid	-	-1,809	-450.83	-1,262	-264.97	-15.67
Total Debt Repaid	-944.92	-1,809	-450.83	-1,262	-265.61	-15.67
Net Debt Issued (Repaid)	-109.64	117.09	500.6	727.7	1,630	64.16
Issuance of Common Stock	144.54	-	331.18	178.28	-	245.97
Other Financing Activities	-	-	-	-	8.18	-
Foreign Exchange Rate Adjustments	-0.01	-0.05	0.82	7.54	-	-
Net Cash Flow	102.96	-29.67	-110.37	-38.47	-91.42	250.62
Cash Interest Paid	195.79	195.79	176	82.23	66.3	31.73
Cash Income Tax Paid	-	-2.41	-4.13	-11.14	20.71	4.21
Levered Free Cash Flow	-24.37	31.1	-121.18	171.08	-11.4	160.34
Unlevered Free Cash Flow	124.22	171.84	-6.89	221.31	25.71	178.73
Change in Working Capital	-10.93	-14.48	-126.97	81.59	-45.63	-6.35

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.