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	2019
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	2019
Net Income	282.97	20.07	-351.24	75.74	114.22	90.7	Upgrade
Depreciation & Amortization	1.86	1.86	1.94	1.63	0.13	-	Upgrade
Gain (Loss) on Sale of Assets	-1.28	-1.28	0.04	2.42	-	-	Upgrade
Change in Accounts Receivable	1.43	-21.84	-3.69	-0.61	-27.58	9.36	Upgrade
Change in Other Net Operating Assets	-12.36	7.36	-123.28	82.2	-18.04	-15.7	Upgrade
Other Operating Activities	-204.5	26.57	377.34	-24.11	-120.94	-63.79	Upgrade
Operating Cash Flow	68.11	32.74	-98.88	137.26	-52.22	20.56	Upgrade
Operating Cash Flow Growth	-	-	-	-	-	-62.62%	Upgrade
Acquisition of Real Estate Assets	-14.36	-246.21	-823.95	-1,011	-1,184	-80.08	Upgrade
Sale of Real Estate Assets	14.79	-	-	3.9	-	-	Upgrade
Net Sale / Acq. of Real Estate Assets	0.43	-246.21	-823.95	-1,007	-1,184	-80.08	Upgrade
Cash Acquisition	-	-0.03	-	-266.06	-520.83	-	Upgrade
Investment in Marketable & Equity Securities	-	-	-	-0.23	-0.84	-	Upgrade
Other Investing Activities	-0.65	26.62	-19.88	183.69	27.87	-	Upgrade
Investing Cash Flow	-0.05	-179.46	-844.09	-1,089	-1,677	-80.08	Upgrade
Short-Term Debt Issued	-	-	-	-	-	12.5	Upgrade
Long-Term Debt Issued	-	1,926	951.43	1,990	1,896	67.33	Upgrade
Total Debt Issued	835.28	1,926	951.43	1,990	1,896	79.83	Upgrade
Short-Term Debt Repaid	-	-	-	-	-0.64	-	Upgrade
Long-Term Debt Repaid	-	-1,809	-450.83	-1,262	-264.97	-15.67	Upgrade
Total Debt Repaid	-944.92	-1,809	-450.83	-1,262	-265.61	-15.67	Upgrade
Net Debt Issued (Repaid)	-109.64	117.09	500.6	727.7	1,630	64.16	Upgrade
Issuance of Common Stock	144.54	-	331.18	178.28	-	245.97	Upgrade
Other Financing Activities	-	-	-	-	8.18	-	Upgrade
Foreign Exchange Rate Adjustments	-0.01	-0.05	0.82	7.54	-	-	Upgrade
Net Cash Flow	102.96	-29.67	-110.37	-38.47	-91.42	250.62	Upgrade
Cash Interest Paid	195.79	195.79	176	82.23	66.3	31.73	Upgrade
Cash Income Tax Paid	-	-2.41	-4.13	-11.14	20.71	4.21	Upgrade
Levered Free Cash Flow	-24.37	31.1	-121.18	171.08	-11.4	160.34	Upgrade
Unlevered Free Cash Flow	124.22	171.84	-6.89	221.31	25.71	178.73	Upgrade
Change in Working Capital	-10.93	-14.48	-126.97	81.59	-45.63	-6.35	Upgrade

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