Cash flow analysis
View data according to IFRS by clicking the tabs below. Show earlier data by clicking the arrow in the table header.
IFRS Annually
| SEK million | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flow from operating activities before changes in working capital | 3,557 | 2,969 | 3,730 | 2,893 | 2,820 | 3,093 | 2,445 | 2,576 | 2,978 | 2,158 |
| Changes in working capital | -155 | -40 | 38 | 384 | -320 | -288 | 163 | 40 | -67 | -320 |
| Net cash generated from operating activities | 3,402 | 2,929 | 3,768 | 3,276 | 2,500 | 2,805 | 2,608 | 2,616 | 2,911 | 1,838 |
| Investing activities | ||||||||||
| Purchase of property, plant and equipment | -369 | -537 | -491 | -223 | -306 | -251 | -245 | -311 | -471 | -319 |
| Proceeds from sale of property, plant and equipment | 7 | 190 | 17 | 2 | 0 | 6 | 3 | 6 | 3 | 109 |
| Purchase of intangible assets | -8 | -129 | -14 | -5 | -35 | -48 | -22 | -51 | -16 | -8 |
| Net proceeds from businesses transferred to STG | - | - | - | - | - | - | - | 1,439 | - | - |
| Acquisition of subsidiaries, net of cash acquired | -929 | - | -0 | -2 | - | - | - | - | -39 | -7 |
| Proceeds from sale of land | 107 | - | - | - | - | - | - | - | - | - |
| Investments in associated companies and joint ventures | - | -5 | -25 | -45 | -57 | -40 | -28 | -123 | -23 | - |
| Divestments in associated companies and joint ventures | 2,660 | 3,908 | - | - | - | - | - | - | - | - |
| Investments in other companies | - | - | - | - | - | - | -4 | - | - | - |
| Proceeds from sale of subsidiaries, net of cash disposed of | - | - | - | - | 158 | 9 | 143 | - | 1,577 | 155 |
| Dividend from STG | 107 | - | - | - | - | - | - | - | - | - |
| Changes financial receivables etc. | 20 | -20 | - | 0 | - | - | 1 | -1 | 12 | 4 |
| Change in other current investments | - | - | - | - | - | - | 1 | - | 0 | 5 |
| Net cash from investing activities | 1,594 | 3,408 | -513 | -274 | -240 | -323 | -151 | 959 | 1,043 | -61 |
| Financing activities | ||||||||||
| Repurchase of own shares | -2,590 | -1,249 | -1,995 | -890 | -352 | -1,946 | -2,371 | -3,014 | -2,598 | -996 |
| Stock options exercised | - | - | 141 | 53 | 187 | 414 | 67 | 53 | 51 | 62 |
| Proceeds from non-current borrowing | 3,293 | 3,366 | - | - | 1,225 | 2,062 | 1,002 | 4,242 | 998 | 801 |
| Repayment of borrowings | -1,988 | -1,618 | -637 | -1,802 | -1,502 | -1,315 | -853 | -2,961 | -2,018 | -1,284 |
| Dividends paid to equity holders of the Parent | -2,908 | -5,522 | -1,464 | -1,453 | -1,459 | -1,334 | -1,152 | -1,089 | -1,024 | -886 |
| Other and Realized exchange gains/losses on financial instruments | -90 | 259 | 31 | 4 | -12 | 8 | 88 | 122 | -115 | 35 |
| Net cash used in financing activities | -4,283 | -4,764 | -3,924 | -4,088 | -1,912 | -2,112 | -3,219 | -2,646 | -4,707 | -2,267 |
| Net increase/decrease in cash and cash equivalents | 713 | 1,573 | -669 | -1,085 | 348 | 371 | -763 | 928 | -753 | -491 |
| Cash flow from discontinued operations | ||||||||||
| Net cash from operating activities | - | - | - | - | - | - | - | - | 219 | 142 |
| Net cash from investing activities | - | - | - | - | - | - | - | - | -6 | 13 |
| Net cash from financing activities | - | - | - | - | - | - | - | - | -51 | 42 |
| - | - | - | - | - | - | - | ||||
| Net increase/decrease in cash and cash equivalents | - | - | - | - | - | - | - | - | 162 | 196 |
| Total net increase/decrease in cash and cash equivalents | 713 | 1,573 | -669 | -1,085 | 348 | 371 | -763 | 928 | -591 | -295 |
| Cash and cash equivalents at the beginning of the year | 3,364 | 1,732 | 2,312 | 3,164 | 2,824 | 2,533 | 3,275 | 2,530 | 3,178 | 3,439 |
| Effect of exchange rate fluctuations on cash and cash equivalents | -79 | 59 | 90 | 232 | -8 | -79 | 21 | -183 | -58 | 34 |
| Cash and cash equivalents at the end of the year | 3,998 | 3,364 | 1,732 | 2,312 | 3,164 | 2,824 | 2,533 | 3,275 | 2,530 | 3,178 |
2017 have been restated to reflect the recognition of revenue according to IFRS 15. As a consequence of the implementation of IFRS 15, Swedish Match segment reporting has changed as of 2017.
Cash flow statement for 2007 and earlier historical data have not been restated to reflect the sale of Swedish Match South African operations.
IFRS Quarterly
| SEK million | Sep 2018 | Jun 2018 | Mar 2018 | Dec 2017 | Sep 2017 | Jun 2017 | Mar 2017 | Dec 2016 | Sep 2016 | Jun 2016 | Mar 2016 | Dec 2015 | Sep 2015 | Jun 2015 | Mar 2015 | Dec 2014 | Sep 2014 | Jun 2014 | Mar 2014 | Dec 2013 | Sep 2013 | Jun 2013 | Mar 2013 | Dec 2012 | Sep 2012 | Jun 2012 | Mar 2012 | Dec 2011 | Sep 2011 | Jun 2011 | Mar 2011 | Dec 2010 | Sep 2010 | Jun 2010 | Mar 2010 | Dec 2009 | Sep 2009 | Jun 2009 | Mar 2009 | Dec 2008 | Sep 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flow from operating activities before changes in working capital | 2,802 | 1,942 | 1,018 | 3,557 | 2,830 | 1,959 | 929 | 2,969 | 2,590 | 1,884 | 975 | 3,730 | 3,216 | 1,844 | 1,154 | 2,893 | 2,353 | 1,655 | 958 | 2,820 | 2,238 | 1,550 | 907 | 3,093 | 2,435 | 1,683 | 724 | 2,445 | 1,851 | 1,185 | 602 | 2,576 | 1,986 | 1,171 | 524 | 2,978 | 1,990 | 1,399 | 752 | 2,158 | 1,511 |
| Changes in working capital | -188 | -230 | -118 | -155 | -261 | -178 | -103 | -40 | -31 | -12 | -182 | 38 | -17 | -103 | -191 | 384 | 184 | 266 | 69 | -320 | -138 | -351 | -264 | -288 | -353 | -360 | -417 | 163 | 13 | 43 | -78 | 40 | 12 | -55 | -180 | -67 | -119 | -100 | -170 | -320 | -154 |
| Net cash generated from operating activities | 2,614 | 1,712 | 899 | 3,402 | 2,569 | 1,781 | 826 | 2,929 | 2,559 | 1,872 | 792 | 3,768 | 3,199 | 1,741 | 963 | 3,276 | 2,537 | 1,921 | 1,027 | 2,500 | 2,100 | 1,199 | 643 | 2,805 | 2,082 | 1,323 | 307 | 2,608 | 1,863 | 1,228 | 523 | 2,616 | 1,997 | 1,116 | 344 | 2,911 | 1,871 | 1,300 | 583 | 1,838 | 1,356 |
| Investing activities | |||||||||||||||||||||||||||||||||||||||||
| Purchase of property, plant and equipment | -464 | -285 | -115 | -369 | -231 | -172 | -83 | -537 | -373 | -225 | -81 | -491 | -218 | -139 | -52 | -223 | -167 | -134 | -56 | -306 | -232 | -160 | -70 | -251 | -171 | -104 | -39 | -245 | -170 | -132 | -52 | -311 | -248 | -197 | -107 | -471 | -324 | -231 | -108 | -319 | -207 |
| Proceeds from sale of property plant and equipment | 1 | 1 | 0 | 7 | 5 | 0 | 0 | 190 | 145 | 145 | 145 | 17 | 2 | 1 | 0 | 2 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 6 | 3 | 1 | 1 | 3 | 2 | 1 | 0 | 6 | 5 | 6 | 0 | 3 | 4 | 11 | 7 | 109 | 65 |
| Purchase of intangible assets | -5 | -2 | -1 | -8 | -7 | -6 | -4 | -129 | -125 | -122 | -121 | -14 | -7 | -7 | -6 | -5 | -1 | 0 | - | -35 | -30 | -19 | -5 | -48 | -28 | -19 | -9 | -22 | -11 | -9 | -8 | -51 | -31 | -20 | -4 | -16 | -1 | 0 | 0 | -8 | -2 |
| Net proceeds from businesses transferred to STG | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,439 | - | - | - | - | - | - | - | - | - |
| Acquisition of subsidiaries, net of cash acquired | -541 | -294 | - | -929 | -929 | - | - | - | - | - | - | -0 | - | - | - | -2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -39 | -48 | -47 | -31 | -7 | -14 |
| Investments in associated companies and joint ventures | - | - | - | - | - | - | - | -5 | -5 | -5 | -5 | -25 | -25 | -10 | -10 | -45 | -45 | -25 | - | -57 | -43 | -20 | - | -40 | -20 | -20 | - | -28 | -15 | -15 | - | -123 | -123 | -110 | -110 | -23 | - | - | - | - | - |
| Divestments in associated companies and joint ventures | - | - | - | 2,660 | 1,355 | 1,355 | 1,355 | 3,908 | 3,908 | 2,172 | 2,172 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments in other companies | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -4 | -4 | -4 | -4 | - | - | - | - | - | - | - | - | - | - |
| Dividend from STG | - | - | - | 107 | 65 | 65 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Proceeds from sale of subsidiaries etc, net of cash disposed of | - | - | - | 107 | 107 | 107 | 107 | - | - | - | - | - | - | - | - | - | - | - | - | 158 | 168 | 166 | 5 | 9 | 9 | 9 | - | 143 | 143 | 143 | - | - | - | - | - | 1,577 | 1,574 | 7 | - | 155 | 5 |
| Changes financial receivables etc. | 0 | -1 | 0 | 20 | 0 | 0 | 0 | -20 | 0 | 0 | 0 | 0 | 0 | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 3 | -1 | - | - | 0 | 2 | 1 | 1 | 1 | 1 | -1 | 0 | 0 | 0 | 12 | 0 | 2 | 4 | 4 | 2 |
| Changes in other current investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | - | - | - | - | 0 | 0 | - | - | 0 | 5 | - |
| Net cash from investing activities | -1,009 | -582 | -116 | 1,594 | 366 | 1,349 | 1,375 | 3,408 | 3,550 | 1,965 | 2,110 | -513 | -249 | -155 | -67 | -274 | -212 | -158 | -56 | -240 | -135 | -30 | -72 | -323 | -208 | -133 | -45 | -151 | -54 | -14 | -62 | 959 | -396 | -322 | -221 | 1,043 | 1,205 | -258 | -129 | -61 | -150 |
| Financing activities | |||||||||||||||||||||||||||||||||||||||||
| Changes in loans | 1,596 | 1,248 | 748 | 1,304 | 1,099 | 500 | 0 | 1,748 | 2,058 | 135 | 134 | -637 | -639 | 360 | -140 | -1,802 | -713 | -484 | -485 | -277 | -278 | 22 | -12 | 747 | 520 | 1,075 | -296 | 149 | -54 | -364 | -244 | 1,281 | 207 | -392 | -293 | -1,020 | -527 | -340 | -303 | -483 | -380 |
| Dividends paid to equity holders of the Parent | -2,911 | -2,911 | 0 | -2,908 | -2,908 | -2,908 | 0 | -5,522 | -3,764 | -3,764 | - | -1,464 | -1,464 | -1,464 | - | -1,453 | -1,453 | -1,453 | - | -1,459 | -1,459 | -1,459 | - | -1,334 | -1,334 | -1,334 | - | -1,152 | -1,152 | -1,152 | - | -1,089 | -1,089 | -1,089 | - | -1,024 | -1,024 | -1,024 | 0 | -886 | -886 |
| Repurchase of own shares | -1,958 | -1,078 | -200 | -2,590 | -2,081 | -1,392 | -739 | -1,249 | -999 | -449 | -199 | -1,995 | -1,244 | -659 | -298 | -890 | -299 | -68 | -68 | -352 | -302 | -138 | -138 | -1,946 | -1,671 | -671 | -367 | -2,371 | -1,872 | -1,180 | -1,180 | -3,014 | -1,878 | -556 | -398 | -2,598 | -1,368 | -496 | - | -996 | -996 |
| Stock options exercised | - | - | - | - | - | - | - | - | - | - | - | 141 | 141 | 141 | 141 | 53 | 53 | 53 | 53 | 187 | 165 | 165 | 89 | 414 | 414 | 414 | 137 | 67 | 67 | 67 | 67 | 53 | 53 | 53 | 53 | 51 | 51 | 49 | 38 | 62 | 62 |
| Realized exchange gain/losses on financial instruments | 104 | 76 | -30 | -90 | -267 | -135 | -83 | 259 | 25 | -28 | -78 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other | 0 | 1 | -1 | 0 | -1 | -2 | -2 | 2 | 1 | 1 | 0 | 31 | 33 | -21 | 8 | 4 | -1 | -1 | 0 | -12 | -13 | -11 | -8 | 8 | 11 | 9 | 3 | 88 | 90 | -7 | -2 | 122 | 63 | 12 | -63 | -115 | 76 | 32 | 26 | 35 | -99 |
| Net cash used in financing activities | -3,170 | -2,664 | 517 | -4,283 | -4,158 | -3,937 | -824 | -4,764 | -2,680 | -4,106 | -143 | -3,924 | -3,173 | -1,644 | -289 | -4,088 | -2,413 | -1,953 | -501 | -1,912 | -1,887 | -1,420 | -69 | -2,112 | -2,059 | -506 | -523 | -3,219 | -2,921 | -2,636 | -1,360 | -2,646 | -2,644 | -1,971 | -701 | -4,707 | -2,793 | -1,779 | -240 | -2,267 | -2,299 |
| Net increase/decrease in cash and cash equivalents | -1,565 | -1,534 | 1,300 | 713 | -1,223 | -807 | 1,377 | 1,573 | 3,429 | -269 | 2,759 | -669 | -223 | -57 | 608 | -1,085 | -89 | -190 | 470 | 348 | 78 | -252 | 502 | 371 | -185 | 683 | -262 | -763 | -1,112 | -1,422 | -899 | 928 | -1,043 | -1,177 | -578 | -753 | 284 | -737 | 214 | -491 | -1,093 |
| Cash flow from discontinued operations | |||||||||||||||||||||||||||||||||||||||||
| Net cash from operating activities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 219 | 233 | 123 | 75 | 142 | 175 |
| Net cash from investing activities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -6 | -6 | -4 | -3 | 13 | 17 |
| Net cash from financing activities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -51 | -51 | -50 | -47 | 42 | -3 |
| Net increase/decrease in cash and cash equivalents | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 162 | 176 | 68 | 24 | 196 | 190 |
| Total net increase/decrease in cash and cash equivalents | -1,565 | -1,534 | 1,300 | 713 | -1,223 | -807 | 1,377 | 1,573 | 3,429 | -269 | 2,759 | -669 | -223 | -57 | 608 | -1,085 | -89 | -190 | 470 | 348 | 78 | -252 | 502 | 371 | -185 | 683 | -262 | -763 | -1,112 | -1,422 | -899 | 928 | -1,043 | -1,177 | -578 | -591 | 460 | -669 | 237 | -295 | -903 |
| Cash and cash equivalents at the beginning of the period | 3,998 | 3,998 | 3,998 | 3,364 | 3,364 | 3,364 | 3,364 | 1,732 | 1,732 | 1,732 | 1,732 | 2,312 | 2,312 | 2,312 | 2,312 | 3,164 | 3,164 | 3,164 | 3,164 | 2,824 | 2,824 | 2,824 | 2,824 | 2,533 | 2,533 | 2,533 | 2,533 | 3,275 | 3,275 | 3,275 | 3,275 | 2,530 | 2,530 | 2,530 | 2,530 | 3,178 | 3,178 | 3,178 | 3,178 | 3,439 | 3,439 |
| Effect of exchange rate fluctuations on cash and cash equivalents | 63 | 86 | 29 | -79 | -78 | -51 | 36 | 59 | 38 | 12 | -50 | 90 | 84 | 89 | 161 | 232 | 145 | 48 | 5 | -8 | -23 | 27 | 5 | -79 | -78 | 6 | -46 | 21 | 14 | -52 | -81 | -183 | -111 | -25 | -50 | -58 | -38 | 38 | 19 | 34 | -113 |
| Less cash and cash equivalents reclassified as assets held for sale | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -103 | -87 | -173 | - | - | - | - | - | - |
| Cash and cash equivalents at the end of the period | 2,496 | 2,550 | 5,327 | 3,998 | 2,064 | 2,506 | 4,777 | 3,364 | 5,199 | 1,475 | 4,441 | 1,732 | 2,172 | 2,343 | 3,080 | 2,312 | 3,220 | 3,022 | 3,640 | 3,164 | 2,880 | 2,599 | 3,331 | 2,824 | 2,271 | 3,223 | 2,226 | 2,533 | 2,178 | 1,801 | 2,295 | 3,275 | 1,273 | 1,242 | 1,728 | 2,530 | 3,600 | 2,547 | 3,435 | 3,178 | 2,424 |
2017 have been restated to reflect the recognition of revenue according to IFRS 15. As a consequence of the implementation of IFRS 15, Swedish Match segment reporting has changed as of 2017.
Quarterly accumulated cash flows for 2009 and 2008 have been restated to reflect the sale of Swedish Match South African operations.
