SWX:SMG 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	67.69	61.59	46.1
Depreciation & Amortization	55.52	25.55	26.86
Other Amortization	-	33.8	30.34
Asset Writedown & Restructuring Costs	0.05	-0.13	0.47
Stock-Based Compensation	2.71	0.84	0.68
Other Operating Activities	14.94	8.89	-0.92
Change in Accounts Receivable	-1.2	-2.45	-1.9
Change in Accounts Payable	0.22	-2.03	3.72
Change in Unearned Revenue	-0.21	0.2	-4.78
Change in Other Net Operating Assets	0.77	-1.08	-8.71
Operating Cash Flow	140.5	125.18	91.86
Operating Cash Flow Growth	12.24%	36.27%	-
Capital Expenditures	-0.87	-1.9	-3.48
Sale of Property, Plant & Equipment	-	0.32	0.01
Cash Acquisitions	-	-32.75	-
Sale (Purchase) of Intangibles	-33	-30.16	-24.96
Investment in Securities	2.9	-0.04	-0.52
Other Investing Activities	0.23	0.35	0.15
Investing Cash Flow	-30.74	-64.18	-28.8
Long-Term Debt Issued	-	230	-
Long-Term Debt Repaid	-23.91	-70.76	-9.97
Net Debt Issued (Repaid)	-23.91	159.24	-9.97
Issuance of Common Stock	0.64	3.07	1.31
Repurchase of Common Stock	-1.85	-0.56	-0.54
Common Dividends Paid	-59.99	-229.94	-
Other Financing Activities	-3.33	-3.51	-14.13
Financing Cash Flow	-88.43	-71.69	-23.34
Foreign Exchange Rate Adjustments	-0.14	0.03	-0.21
Net Cash Flow	21.18	-10.67	39.52
Free Cash Flow	139.63	123.27	88.39
Free Cash Flow Growth	13.27%	39.47%	-
Free Cash Flow Margin	38.91%	38.98%	31.63%
Free Cash Flow Per Share	1.42	1.26	36.05
Cash Interest Paid	3.07	1.63	1.13
Cash Income Tax Paid	8.18	4.14	4.75
Levered Free Cash Flow	110.47	83.39	-
Unlevered Free Cash Flow	112.79	84.29	-
Change in Working Capital	-0.41	-5.36	-11.67

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