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	68.03	61.42	46.11
Depreciation & Amortization	55.57	59.22	57.66
Stock-Based Compensation	2.71	0.84	0.68
Other Adjustments	22.79	13.2	3.82
Change in Receivables	-1.2	-2.45	-1.9
Changes in Accounts Payable	0.22	-2.03	3.72
Changes in Income Taxes Payable	-8.18	-4.14	-4.75
Changes in Unearned Revenue	-0.21	0.2	-4.78
Changes in Other Operating Activities	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
Purchases of Intangible Assets	-33	-30.16	-24.96
Purchases of Investments	-0.03	-0.11	-0.55
Proceeds from Sale of Investments	2.93	0.06	0.03
Cash Acquisitions	-	-32.75	-
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	-21.03	-67.3	-6.2
Net Long-Term Debt Issued (Repaid)	-21.03	162.71	-6.2
Issuance of Common Stock	0.64	3.07	1.31
Repurchase of Common Stock	-1.85	-0.56	-0.54
Net Common Stock Issued (Repurchased)	-1.21	2.51	0.77
Common Dividends Paid	-59.99	-229.94	-
Other Financing Activities	-6.21	-6.97	-17.9
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%	-
FCF Margin	42.06%	42.38%	33.98%
Free Cash Flow Per Share	1.42	1.26	36.05
Levered Free Cash Flow	93.97	274.56	79.58
Unlevered Free Cash Flow	119.33	113.85	86.96