Thunderful Group AB 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	-879.5	-887.5	-629.8	121.2	132.2	137.4
Depreciation & Amortization	504.8	664.3	503.2	130.8	127	61.8
Other Amortization	183.7	183.7	142.6	43.2	-	-
Other Operating Activities	-9.1	-91.4	-8.4	-58.1	27.8	9.2
Change in Accounts Receivable	19.1	10.8	61.3	212	-247.2	-152.5
Change in Inventory	2.2	0.1	-27.2	114.1	-268	-31.8
Change in Accounts Payable	-8.2	-12.7	-1.7	10.1	165.8	-48.9
Change in Other Net Operating Assets	15.2	30.3	-86.9	-42.9	-2.5	-63.8
Operating Cash Flow	-13.8	241.3	299	530.4	-64.9	-88.6
Operating Cash Flow Growth	-	-19.30%	-43.63%	-	-	-
Capital Expenditures	-0.5	-1	-34.4	-16.4	-12.5	-3.4
Sale of Property, Plant & Equipment	0.4	-	31.9	-	3.4	-
Cash Acquisitions	-	-	-23.8	-70.2	-188.9	-123.4
Sale (Purchase) of Intangibles	-98.1	-160.7	-262.3	-214.6	-115.2	-28.4
Investment in Securities	0.5	-	-	-0.5	-3.6	-0.4
Other Investing Activities	33.9	332.2	-25.2	-	-	-
Investing Cash Flow	-63.8	170.5	-313.8	-301.7	-316.8	-155.6
Short-Term Debt Issued	-	1.5	388	111.3	270.4	0.9
Total Debt Issued	63.8	1.5	388	111.3	270.4	0.9
Short-Term Debt Repaid	-	-499.3	-63.6	-206.8	-	-229.3
Long-Term Debt Repaid	-	-9.9	-15.6	-24.1	-16.9	-6.3
Total Debt Repaid	-10.3	-509.2	-79.2	-230.9	-16.9	-235.6
Net Debt Issued (Repaid)	53.5	-507.7	308.8	-119.6	253.5	-234.7
Issuance of Common Stock	45.7	-	-	-	-	757
Other Financing Activities	-20.5	-85.4	-141	-117.5	-119.1	-13.3
Financing Cash Flow	78.7	-593.1	167.8	-237.1	134.4	509
Foreign Exchange Rate Adjustments	1.1	3.3	-0.5	4.8	2.4	-11
Miscellaneous Cash Flow Adjustments	-0.1	-0.1	-	-	-	-0.1
Net Cash Flow	2.1	-178.1	152.5	-3.6	-244.9	253.7
Free Cash Flow	-14.3	240.3	264.6	514	-77.4	-92
Free Cash Flow Growth	-	-9.18%	-48.52%	-	-	-
Free Cash Flow Margin	-3.89%	61.81%	50.32%	16.84%	-2.42%	-3.00%
Free Cash Flow Per Share	-0.14	3.42	3.76	7.29	-1.11	-1.77
Cash Income Tax Paid	-	6.1	17.6	81.9	39.2	28.8
Levered Free Cash Flow	188.11	580.4	99.16	403.5	-159.84	-188.51
Unlevered Free Cash Flow	195.05	596.53	119.23	411.13	-155.96	-162.76
Change in Working Capital	28.3	28.5	-54.5	293.3	-351.9	-297

Source: S&P Global Market Intelligence. Standard template. Financial Sources.