SWX:HIAG Cash Flow Statement

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

Millions CHF. 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	115.11	75.16	46.97	99.41	89.26
Depreciation & Amortization	0.97	0.57	0.55	0.52	0.5
Gain (Loss) on Sale of Assets	-43.68	-20.9	-30.29	-10.77	-18.66
Gain (Loss) on Sale of Investments	-	1.29	-	0.04	1.87
Asset Writedown	-51.41	-26.01	1.92	-64.31	-60.52
Stock-Based Compensation	1.1	1.02	0.93	0.76	0.6
Income (Loss) on Equity Investments	-0.13	-0.03	-0.04	-0.1	0
Change in Accounts Receivable	8.89	-0.1	-8.18	1.01	2.97
Change in Accounts Payable	-0.35	-0.47	2.06	-0.96	3.59
Change in Other Net Operating Assets	-11.72	62.27	3.91	-5.31	-5.13
Other Operating Activities	0.01	-0.02	0.09	-0.94	-0.44
Operating Cash Flow	20.11	94.31	15.84	23.58	20.09
Operating Cash Flow Growth	-78.67%	495.30%	-32.80%	17.33%	22.55%
Acquisition of Real Estate Assets	-110.03	-73.8	-77.98	-95.28	-96.65
Sale of Real Estate Assets	103.37	34.89	123.23	16.55	81.84
Net Sale / Acq. of Real Estate Assets	-6.67	-38.91	45.24	-78.72	-14.81
Cash Acquisition	-	-	-	-	-22.68
Investment in Marketable & Equity Securities	3.33	-0.38	0.82	0.27	-2.22
Other Investing Activities	0.61	-	-	-	-
Investing Cash Flow	-2.73	-39.28	45.91	-79.17	-39.71
Long-Term Debt Issued	100	140	250	304.98	238.48
Long-Term Debt Repaid	-90	-150	-290.21	-276.87	-288.19
Net Debt Issued (Repaid)	10	-10	-40.21	28.12	-49.71
Issuance of Common Stock	0.18	0.31	0.24	0.35	156.33
Repurchase of Common Stock	-	-1.71	-	-	-
Other Financing Activities	-33.34	-31.27	-29.28	-27.23	-19.3
Foreign Exchange Rate Adjustments	-0.01	0.02	-0.13	-0.06	-0.07
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-
Net Cash Flow	-5.79	12.38	-7.62	-54.43	67.64
Levered Free Cash Flow	0.48	44.31	36.12	12.38	25.29
Unlevered Free Cash Flow	10.2	52.97	44.13	17.46	30.17
Change in Working Capital	-1.86	63.23	-4.28	-1.04	7.49

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