Train Alliance 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	37.97	28.09	36.92	116.69	19.38	16.61
Depreciation & Amortization	12.81	14.29	16.01	16.79	12.4	7.85
Other Operating Activities	12.6	11.7	-3.95	-1.69	-	0.3
Change in Accounts Receivable	10.87	335.59	-293.88	-74.03	-17.53	-12.73
Change in Inventory	-33.83	-80.13	179.4	-344.93	-17.39	-7.97
Change in Other Net Operating Assets	-15.1	-14.44	81.14	22.21	-17.47	-85.63
Operating Cash Flow	25.32	295.09	15.64	-264.96	-20.61	-81.57
Operating Cash Flow Growth	-92.01%	1787.36%	-	-	-	-
Capital Expenditures	-77.36	-96.21	-124.93	-41.27	-426.32	-134.53
Sale of Property, Plant & Equipment	-	8.59	9.32	518.51	14.81	20.33
Investment in Securities	-236.43	-0.43	-28.91	-14.84	-4.85	-196.04
Other Investing Activities	-12.28	-11.44	-18.51	-	-	-
Investing Cash Flow	-326.07	-99.48	-163.02	462.4	-416.35	-310.24
Long-Term Debt Issued	-	10.08	260	5	35	98.59
Long-Term Debt Repaid	-	-24.08	-11.32	-89.78	-52.49	-98.49
Net Debt Issued (Repaid)	92	-14.01	248.68	-84.78	-17.49	0.11
Issuance of Common Stock	-	-	-	-	550.66	385.19
Common Dividends Paid	-	-18.21	-165.18	-	-	-
Other Financing Activities	-0.05	-0.02	0.01	-	-11.66	-13.27
Financing Cash Flow	91.96	-32.23	83.51	-84.78	521.51	372.03
Net Cash Flow	-208.79	163.37	-63.88	112.66	84.54	-19.79
Free Cash Flow	-52.04	198.88	-109.29	-306.23	-446.93	-216.1
Free Cash Flow Margin	-17.99%	73.32%	-65.71%	-211.13%	-315.07%	-133.03%
Free Cash Flow Per Share	-0.66	2.51	-1.38	-3.87	-6.00	-4.86
Cash Interest Paid	24.45	18.26	22.47	7.12	5.99	8.73
Cash Income Tax Paid	4.39	1.91	1.72	0.41	0.61	3.43
Levered Free Cash Flow	-78.76	172.4	-134.54	-350.04	-434.85	-223.15
Unlevered Free Cash Flow	-63.49	183.8	-122.13	-345.59	-431.11	-217.72
Change in Working Capital	-38.06	241.01	-33.34	-396.75	-52.39	-106.33

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