Cash Flow
SEK thousands | Q1 2011 | Q2 2011 | Q3 2011 | Q4 2011 | Q1 2012 | Q2 2012 | Q3 2012 | Q4 2012 | Q1 2013 | Q2 2013 | Q3 2013 | Q4 2013 | Q1 2014 | Q2 2014 | Q3 2014 | Q4 2014 | Q1 2015 | Q2 2015 | Q3 2015 | Q4 2015 | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 |
Cash flow from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Before changes in working capital | 26,289 | 4,837 | 28,525 | 27,210 | 15,262 | 548 | 27,985 | 18,508 | 1,939 | -2,458 | 18,219 | -4,320 | 30,629 | 3,056 | 32,328 | 10,080 | 15,840 | -4,544 | 30,293 | 6,945 | 11,168 | -261 | 34,190 | 24,281 | 5,320 | 1,032 | 35,743 | 19,305 | 18,133 | 4,433 | 37,131 | 16,860 | 25,953 | 8,236 | 44,684 | 12,842 | 5,088 | -4,850 | 43,042 | 10,078 | 28,691 | 25,612 | 63,057 | 19,458 | 38,235 | 17,104 | 36,819 | 15,866 | 19,087 | 12,091 | 39,676 | 23,506 |
Changes in working capital | -1,717 | -23,615 | -23,177 | 54,027 | -17,449 | 11,414 | -25,622 | 437 | -13,680 | 11,712 | -14,730 | 41,317 | -39,501 | 10,633 | -37,641 | 48,626 | -16,330 | -7,087 | -46,298 | 3,426 | -9,711 | -17,632 | -5,033 | -21,690 | 2,884 | 2,801 | -12,904 | 7,770 | 87 | -4,921 | -48,599 | -360 | -20,794 | 25,989 | -29,289 | 44,891 | -21,570 | 86,211 | -38,036 | 62,617 | -91,263 | 52,160 | -42,412 | 58,624 | -95,199 | 93,128 | -100,823 | 55,516 | -46,153 | 65,495 | -98,307 | 105,886 |
Cash flow from operating activities | 24,572 | -18,778 | 5,348 | 81,237 | -2,187 | 11,992 | 2,363 | 18,945 | -11,741 | 9,254 | 3,489 | 36,997 | -8,872 | 13,689 | -5,313 | 58,706 | -490 | -11,630 | -16,005 | 10,371 | 1,457 | -17,893 | 29,157 | 2,591 | 8,204 | 3,833 | 22,839 | 27,075 | 18,220 | -488 | -11,468 | 16,500 | 5,159 | 34,225 | 15,395 | 57,733 | -16,482 | 81,361 | 5,006 | 72,695 | -62,572 | 77,772 | 20,645 | 78,083 | -56,964 | 110,232 | -64,004 | 71,382 | -27,066 | 77,586 | -58,631 | 129,392 |
Cash flows from investing activities | -8,143 | -5,534 | 15,311 | 8,498 | -955 | -141,305 | -5,706 | -19,742 | -7,057 | 12,353 | 8,467 | 3,133 | -43,623 | 31,938 | 9,240 | -451 | -339 | 23,502 | 9,876 | 9,645 | 4,877 | 42,240 | 3,486 | -1,715 | -574 | 20,947 | -5,082 | 205 | -3,070 | -1,749 | -5,146 | -2,673 | -2,880 | -2,119 | -2,371 | -5,207 | -1,243 | -2,466 | -504 | -4,751 | -3,561 | -2,956 | -1,890 | -2,101 | -2,239 | -2,483 | -1,989 | -2,235 | -2,690 | -2,662 | -2,869 | -2,921 |
Dividend | 0 | -130,772 | 0 | 0 | 0 | -100,594 | 0 | 0 | 0 | -75,445 | 0 | 0 | 0 | -37,723 | 0 | 0 | 0 | -37,723 | 0 | 0 | 0 | -50,297 | 0 | 0 | 0 | -50,297 | 0 | 0 | 0 | -50,297 | 0 | 0 | 0 | -50,297 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -37,723 | 0 | 0 | 0 | -62,871 | 0 | 0 | 0 | -50,297 | 0 | 0 |
Acquisition of minority shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6,547 | 0 | 0 | 0 | 0 | -1,410 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,970 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Warrant premium | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 903 | 0 | 0 | ||||||||
Amortization of loans | -1,162 | -1,602 | -2,045 | -1,603 | -1,667 | -1,667 | -1,667 | -1,666 | -2,071 | -1,140 | -1,790 | -2,206 | -1,961 | -1,961 | -1,814 | -1,861 | -1,875 | -1,875 | -1,875 | -1,875 | 0 | 0 | 85 | 0 | -1,764 | 0 | -10,492 | -25,000 | -25,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,890 | 0 | -40,000 | -51,000 | 0 | 0 | 0 | -19,000 | -31,000 | -49,000 | 0 | 0 | -30,000 | 0 | 0 | 0 |
Amortization of lease liability | 0 | -10,212 | -9,441 | -9,783 | -17,782 | -3,365 | -7,972 | -11,319 | -5,527 | -5,440 | -4,882 | -6,008 | -7,070 | -5,395 | -5,183 | -6,994 | -5,496 | -5,607 | -4,851 | -6,369 | -5,330 | |||||||||||||||||||||||||||||||
Repayment of convertible loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18,153 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||
Issuance of warrants | 0 | 0 | 0 | 0 | 1,200 | 17,310 | 0 | 0 | 1,075 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||
Newly raised loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 150,000 | 0 | 0 | 0 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,000 | 0 | 0 | 0 | 0 | 0 | ||||||||
Overdraft facility | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,561 | -5,319 | 16,105 | -23,347 | 0 | 0 | 13,597 | -13,597 | 0 | 0 | 10,627 | 8,166 | 40,103 | -58,896 | 58,298 | -22,401 | 67,801 | -103,698 | |||||||||||||
Repurchase in bond loan | 0 | 0 | 441 | 0 | 0 | 191,959 | 0 | 8,899 | 0 | 0 | 0 | 0 | 0 | -4,870 | 0 | -963 | -2,902 | -8,376 | -18,550 | -4,016 | -8,045 | -1,612 | -1,422 | -7,403 | -1,502 | -135,470 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from financing activities | -1,162 | -132,374 | -1,604 | -1,603 | -1,667 | 89,698 | -1,667 | 7,232 | -8,618 | -76,585 | -1,790 | -2,206 | -1,961 | -44,554 | -1,814 | -4,234 | -4,777 | -46,774 | -3,115 | -5,891 | -8,045 | -50,834 | -1,337 | -7,403 | -3,266 | -35,767 | -10,492 | -25,000 | -27,970 | -297 | 0 | 0 | -10,212 | -59,738 | -15,375 | -23,101 | 8,850 | 8,681 | -51,319 | -56,527 | 8,157 | -56,202 | -6,008 | -26,070 | -25,768 | -108,888 | 63,109 | -64,392 | 22,691 | -76,646 | 61,432 | -109,028 |
Cash flow for the period | 15,267 | -156,686 | 19,055 | 88,133 | -4,809 | -39,645 | -5,010 | 6,435 | -27,416 | -54,978 | 10,166 | 37,924 | -54,456 | 1,073 | 2,113 | 54,021 | -5,606 | -34,902 | -9,244 | 14,125 | -1,711 | -26,487 | 31,306 | -6,527 | 4,364 | -10,987 | 7,265 | 2,280 | -12,820 | -2,534 | -16,614 | 13,827 | -7,933 | -27,632 | -2,352 | 29,425 | -8,876 | 87,576 | -46,817 | 11,417 | -57,977 | 18,614 | 12,747 | 49,913 | -84,971 | -1,139 | -2,884 | 4,754 | -7,065 | -1,722 | -67 | 17,443 |
Cash & cash equivalents at beginning of the period | 194,275 | 208,964 | 52,259 | 70,467 | 158,042 | 154,031 | 113,619 | 109,882 | 116,195 | 89,171 | 33,768 | 44,481 | 82,304 | 27,836 | 28,052 | 29,383 | 85,080 | 81,615 | 45,722 | 36,355 | 50,643 | 49,517 | 22,495 | 54,416 | 48,948 | 52,216 | 39,980 | 46,581 | 52,620 | 41,334 | 39,710 | 22,891 | 36,388 | 29,355 | 2,170 | 0 | 29,002 | 21,968 | 105,171 | 60,409 | 70,235 | 13,958 | 30,760 | 45,795 | 96,743 | 13,499 | 14,365 | 14,386 | 16,032 | 10,244 | 10,115 | 9,739 |
Exchange rate difference in cash & cash equivalents | -578 | -19 | -847 | -558 | 798 | -767 | 1,273 | -122 | 392 | -425 | 547 | -101 | -12 | -857 | -783 | 1,676 | 2,141 | -991 | -123 | 163 | 585 | -535 | 614 | 1,058 | -1,096 | -1,249 | -664 | 3,759 | 1,534 | 910 | -205 | -330 | 900 | 447 | 182 | -423 | 1,842 | -4,373 | 2,054 | -1,591 | 1,699 | -1,812 | 2,288 | 1,036 | 1,727 | 2,005 | 2,905 | -3,109 | 1,277 | 1,593 | -309 | -536 |
Cash & cash equivalents at the end of period | 208,964 | 52,259 | 70,467 | 158,042 | 154,031 | 113,619 | 109,882 | 116,195 | 89,171 | 33,768 | 44,481 | 82,304 | 27,836 | 28,052 | 29,383 | 85,080 | 81,615 | 45,722 | 36,355 | 50,643 | 49,517 | 22,495 | 54,416 | 48,948 | 52,216 | 39,980 | 46,581 | 52,620 | 41,334 | 39,710 | 22,891 | 36,388 | 29,355 | 2,170 | 0 | 29,002 | 21,968 | 105,171 | 60,409 | 70,235 | 13,958 | 30,760 | 45,795 | 96,743 | 13,499 | 14,365 | 14,386 | 16,032 | 10,244 | 10,115 | 9,739 | 26,646 |
Analysis in Swedish from Erik Penser Bank: