Cash flow analysis
View data according to IFRS or earlier data according to Swedish GAAP until 2004 by clicking the tabs below. Show earlier data by clicking the arrow in the table header.
IFRS Annually
| SEK million | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flow from operating activities before changes in working capital | 2,969 | 3,730 | 2,893 | 2,820 | 3,093 | 2,445 | 2,576 | 2,978 | 2,158 | 2,372 | 1,551 | 2,413 | 3,289 |
| Changes in working capital | -40 | 38 | 384 | -320 | -288 | 163 | 40 | -67 | -320 | -45 | -216 | 305 | 338 |
| Net cash generated from operating activities | 2,929 | 3,768 | 3,276 | 2,500 | 2,805 | 2,608 | 2,616 | 2,911 | 1,838 | 2,327 | 1,335 | 2,718 | 3,626 |
| Investing activities | |||||||||||||
| Purchase of property, plant and equipment | -537 | -491 | -223 | -306 | -251 | -245 | -311 | -471 | -319 | -541 | -304 | -328 | -486 |
| Proceeds from sale of property, plant and equipment | 190 | 17 | 2 | 0 | 6 | 3 | 6 | 3 | 109 | 1,165 | 100 | 628 | 42 |
| Purchase of intangible assets | -129 | -14 | -5 | -35 | -48 | -22 | -51 | -16 | -8 | -68 | -270 | - | -34 |
| Net proceeds from businesses transferred to STG | - | - | - | - | - | - | 1,439 | - | - | - | - | - | - |
| Acquisition of minority shares in General Cigar | - | - | - | - | - | - | - | - | - | - | - | -1,100 | - |
| Acquisition of subsidiaries, net of cash acquired | - | -0 | -2 | - | - | - | - | -39 | -7 | -1,209 | -29 | - | -53 |
| Investments in associated companies and joint ventures | -5 | -25 | -45 | -57 | -40 | -28 | -123 | -23 | - | - | - | -92 | -10 |
| Divestments in associated companies and joint ventures | 3,908 | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments in other companies | - | - | - | - | - | -4 | - | - | - | - | - | - | - |
| Proceeds from sale of subsidiaries, net of cash disposed of | - | - | - | 158 | 9 | 143 | - | 1,577 | 155 | - | 31 | 184 | 117 |
| Changes financial receivables etc. | -20 | 0 | 0 | 0 | - | 1 | -1 | 12 | 4 | 112 | -60 | -44 | -47 |
| Change in other current investments | - | - | - | - | - | 1 | - | 0 | 5 | 51 | 277 | 612 | -187 |
| Net cash from investing activities | 3,408 | -513 | -274 | -240 | -323 | -151 | 959 | 1,043 | -61 | -490 | -255 | -140 | -658 |
| Financing activities | |||||||||||||
| Repurchase of own shares | -1,249 | -1,995 | -890 | -352 | -1,946 | -2,371 | -3,014 | -2,598 | -996 | -2,575 | -3,674 | -1,434 | -658 |
| Stock options exercised | - | 141 | 53 | 187 | 414 | 67 | 53 | 51 | 62 | 122 | 94 | 23 | 82 |
| Proceeds from non-current borrowing | 3,366 | - | - | 1,225 | 2,062 | 1,002 | 4,242 | 998 | 801 | 2,239 | 5,512 | 1,685 | - |
| Repayment of borrowings | -1,618 | -637 | -1,802 | -1,502 | -1,315 | -853 | -2,961 | -2,018 | -1,284 | -437 | -2,383 | -942 | -1,819 |
| Dividends paid to equity holders of the Parent | -5,522 | -1,464 | -1,453 | -1,459 | -1,334 | -1,152 | -1,089 | -1,024 | -886 | -664 | -627 | -612 | -558 |
| Dividends paid to minority in subsidiaries | - | - | - | - | - | - | - | - | - | - | - | - | -121 |
| Other | 259 | 31 | 4 | -12 | 8 | 88 | 122 | -115 | 35 | -111 | -86 | -162 | 295 |
| Net cash used in financing activities | -4,764 | -3,924 | -4,088 | -1,912 | -2,112 | -3,219 | -2,646 | -4,707 | -2,267 | -1,426 | -1,164 | -1,441 | -2,779 |
| Net increase/decrease in cash and cash equivalents | 1,573 | -669 | -1,085 | 348 | 371 | -763 | 928 | -753 | -491 | 410 | -85 | 1,137 | 189 |
| 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 | 1,573 | -669 | -1,085 | 348 | 371 | -763 | 928 | -591 | -295 | 410 | -85 | 1,137 | 189 |
| Cash and cash equivalents at the beginning of the year | 1,732 | 2,312 | 3,164 | 2,824 | 2,533 | 3,275 | 2,530 | 3,178 | 3,439 | 3,042 | 3,325 | 2,058 | 1,909 |
| Effect of exchange rate fluctuations on cash and cash equivalents | 59 | 90 | 232 | -8 | -79 | 21 | -183 | -58 | 34 | -13 | -198 | 130 | -40 |
| Cash and cash equivalents at the end of the year | 3,364 | 1,732 | 2,312 | 3,164 | 2,824 | 2,533 | 3,275 | 2,530 | 3,178 | 3,439 | 3,042 | 3,325 | 2,058 |
Cash flow statement for 2007 and earlier historical data have not been restated to reflect the sale of Swedish Match South African operations
Cash flow statements for 2004 and 2005 have been restated for new definition of cash and bank.
IFRS Quarterly
| SEK million | 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 | Jun 2008 | Mar 2008 | Dec 2007 | Sep 2007 | Jun 2007 | Mar 2007 | Dec 2006 | Sep 2006 | Jun 2006 | Mar 2006 | Dec 2005 | Sep 2005 | Jun 2005 | Mar 2005 | Dec 2004 | Sep 2004 | Jun 2004 | Mar 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flow from operating activities before changes in working capital | 1,957 | 926 | 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 | 781 | 355 | 2,372 | 1,579 | 914 | 400 | 1,551 | 1,007 | 315 | -170 | 2,413 | 1,669 | 1,006 | 516 | 3,289 | 2,866 | 2,122 | 1,880 |
| Changes in working capital | -176 | -100 | -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 | -203 | -442 | -45 | -185 | -343 | -365 | -216 | -543 | -625 | -487 | 305 | 3 | -57 | -99 | 337 | 35 | -118 | 25 |
| Net cash generated from operating activities | 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 | 578 | -87 | 2,327 | 1,394 | 571 | 34 | 1,335 | 464 | -310 | -657 | 2,718 | 1,672 | 948 | 417 | 3,626 | 2,901 | 2,004 | 1,905 |
| Investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Purchase of property, plant and equipment | -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 | -133 | -71 | -541 | -422 | -289 | -124 | -304 | -189 | -124 | -60 | -328 | -271 | -203 | -103 | -486 | -349 | -220 | -93 |
| Proceeds from sale of property plant and equipment | - | - | 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 | 50 | 5 | 1,165 | 29 | 25 | 16 | 100 | 92 | 84 | 75 | 628 | 611 | 45 | 23 | 42 | 33 | 29 | 4 |
| Purchase of intangible assets | -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 | -2 | 0 | -68 | -67 | -67 | -34 | -270 | -270 | -270 | -257 | - | - | - | - | -34 | -19 | -14 | -6 |
| Investments in consolidated companies | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -53 | -53 | -53 | -38 |
| Net proceeds from businesses transferred to STG | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,439 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Payment of minority shares in General Cigar | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1,100 | -1,099 | -1,099 | - | - | - | - | - |
| Acquisition of subsidiaries, net of cash acquired | - | - | - | - | - | - | -0 | - | - | - | -2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -39 | -48 | -47 | -31 | -7 | -14 | -6 | -4 | -1,209 | -1,168 | -365 | - | -29 | -19 | -19 | - | - | - | - | - | - | - | - | - |
| 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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -92 | - | - | - | -10 | -10 | -4 | -4 |
| Divestments in associated companies and joint ventures | 1,355 | 1,355 | 3,908 | 3,908 | 2,172 | 2,172 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments in other companies | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -4 | -4 | -4 | -4 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend from STG | 65 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Proceeds from sale of subsidiaries etc, net of cash disposed of | 107 | 107 | - | - | - | - | - | - | - | - | - | - | - | - | 158 | 168 | 166 | 5 | 9 | 9 | 9 | - | 143 | 143 | 143 | - | - | - | - | - | 1,577 | 1,574 | 7 | - | 155 | 5 | 5 | - | - | - | - | - | 31 | 31 | 31 | 30 | 184 | 7 | - | - | 117 | 117 | 117 | 117 |
| Changes financial receivables etc. | 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 | -3 | -6 | 112 | 78 | 38 | 47 | -60 | -234 | -174 | -29 | -44 | -50 | -19 | -36 | -47 | 6 | 14 | 12 |
| Changes in other current investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | - | - | - | - | 0 | 0 | - | - | 0 | 5 | - | 0 | 0 | 51 | 51 | 51 | 1 | 277 | -457 | -487 | 29 | -113 | 1,011 | 1,067 | -208 | -646 | -1,052 | -654 | -498 |
| Net cash from investing activities | 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 | -90 | -75 | -490 | -1,500 | -607 | -94 | -255 | -1,045 | -958 | -212 | -865 | 209 | -208 | -324 | -1,118 | -1,327 | -785 | -506 |
| Financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Changes in loans | 500 | -2 | 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 | 105 | -404 | 1,802 | 1,207 | 743 | 740 | 3,129 | 4,840 | 4,185 | 1,433 | 743 | 412 | 728 | -11 | -1,819 | -733 | -673 | -592 |
| Dividends paid to equity holders of the Parent | -2,908 | - | -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 | -886 | - | -664 | -664 | -664 | - | -627 | -627 | -627 | - | -612 | -612 | -612 | - | -558 | -558 | -558 | - |
| Dividends paid to minority in subsidiaries | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -121 | - | - | - |
| Repurchase of own shares | -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 | -696 | -497 | -2,575 | -2,274 | -1,975 | -1,243 | -3,674 | -3,674 | -2,328 | -881 | -1,434 | -895 | -895 | - | -658 | -658 | -184 | -106 |
| 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 | 62 | 61 | 122 | 122 | 122 | 122 | 94 | 94 | 94 | 19 | 23 | 23 | 23 | 21 | 82 | 63 | 63 | 62 |
| Realized exchange gain/losses on financial instruments | -135 | -83 | 259 | 25 | -28 | -78 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other | -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 | -116 | -139 | -111 | -45 | 39 | 14 | -86 | -32 | -8 | -4 | -162 | -156 | -166 | -79 | 295 | 31 | 31 | 11 |
| Net cash used in financing activities | -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 | -1,531 | -979 | -1,426 | -1,653 | -1,735 | -367 | -1,164 | 601 | 1,316 | 566 | -1,441 | -1,228 | -923 | -69 | -2,779 | -1,855 | -1,321 | -625 |
| Net increase/decrease in cash and cash equivalents | -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 | -1,042 | -1,141 | 410 | -1,759 | -1,771 | -427 | -85 | 21 | 48 | -303 | 412 | 653 | -183 | 24 | -270 | -281 | -102 | 774 |
| Cash flow from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net cash from operating activities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 219 | 233 | 123 | 75 | 142 | 175 | 76 | 65 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net cash from investing activities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -6 | -6 | -4 | -3 | 13 | 17 | 19 | 22 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net cash from financing activities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -51 | -51 | -50 | -47 | 42 | -3 | -3 | -4 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net increase/decrease in cash and cash equivalents | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 162 | 176 | 68 | 24 | 196 | 190 | 92 | 84 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total net increase/decrease in cash and cash equivalents | -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 | -950 | -1,057 | 410 | -1,759 | -1,771 | -427 | -85 | 21 | 48 | -303 | 412 | 653 | -183 | 24 | -270 | -281 | -102 | 774 |
| Cash and cash equivalents at the beginning of the period | 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 | 3,439 | 3,439 | 3,042 | 3,042 | 3,042 | 3,042 | 3,325 | 3,325 | 3,325 | 3,325 | 1,187 | 1,187 | 1,187 | 1,187 | 1,497 | 1,497 | 1,497 | 1,497 |
| Effect of exchange rate fluctuations on cash and cash equivalents | -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 | -84 | -59 | -13 | -3 | 17 | 26 | -198 | -137 | -120 | -18 | 130 | 103 | 60 | 9 | -40 | -6 | 16 | 36 |
| Less cash and cash equivalents reclassified as assets held for sale | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -103 | -87 | -173 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash and cash equivalents at the end of the period | 2,506 | 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 | 2,404 | 2,324 | 3,439 | 1,281 | 1,288 | 2,641 | 3,042 | 3,209 | 3,253 | 3,004 | 1,729 | 1,943 | 1,064 | 1,220 | 1,187 | 1,210 | 1,411 | 2,307 |
Quarterly accumulated cash flows for 2009 and 2008 have been restated to reflect the sale of Swedish Match South African operations.
SW GAAP Annually
| SEK million | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 |
|---|---|---|---|---|---|---|---|---|---|
| Cash flow before changes in working capital | 3,288 | 2,373 | 2,483 | 1,954 | 1,714 | 1,302 | 762 | 1,207 | 1,532 |
| Cash flow from changes in working capital | 338 | 265 | 102 | -345 | -769 | 27 | 32 | -434 | 274 |
| Cash flow from operations | 3,626 | 2,638 | 2,585 | 1,609 | 945 | 1,329 | 794 | 773 | 1,806 |
| Investments | |||||||||
| Investments in property, plant, and equipment | -486 | -551 | -751 | -633 | -331 | -452 | -393 | -292 | -217 |
| Sales of property, plant, and equipment | 42 | 26 | 106 | 72 | 83 | 83 | 849 | 40 | 38 |
| Investments in intangible assets | -34 | -27 | -18 | -12 | -11 | -2,488 | -213 | -249 | -1 |
| Investments in consolidated companies | -53 | -78 | -53 | -962 | -1,660 | -51 | -168 | -60 | - |
| Investments in other companies | -10 | - | - | - | - | - | - | - | - |
| Divestment of business operations | 117 | - | - | - | - | - | - | - | - |
| Sales of Cigarette operations | - | - | - | - | - | 4,798 | - | - | - |
| Change in financial receivables, etc. | -47 | 5 | -1 | 15 | -48 | 115 | 7 | -91 | -160 |
| Cash flow from investments | -471 | -625 | -717 | -1,520 | -1,967 | 2,005 | 82 | -652 | -340 |
| Financing | |||||||||
| Change in loans | -1,819 | -131 | -501 | 284 | -713 | 1,655 | 3,084 | -16 | -1,010 |
| Dividends to shareholders | -558 | -535 | -508 | -490 | -539 | -474 | -510 | -510 | -300 |
| Dividends to minority in subsidiaries | -121 | - | - | - | - | - | - | - | - |
| Share redemption, net | - | - | - | - | -1,062 | - | -1,147 | - | - |
| Issue of new shares | - | - | - | - | 66 | - | - | - | - |
| Repurchase of shares | -658 | -1,012 | -499 | -1,169 | -905 | - | - | - | - |
| Sales of treasury shares | 82 | 55 | - | - | - | - | - | - | - |
| Other | 295 | 296 | 142 | -78 | -120 | - | - | -5 | -2 |
| Cash flow from financing | -2,779 | -1,327 | -1,366 | -1,453 | -3,273 | 1,181 | 1,427 | -531 | -1,312 |
| Cash flow for the year | 376 | 686 | 502 | -1,364 | -4,295 | 4,515 | 2,303 | -410 | 154 |
| Liquid funds at the beginning of the year | 2,666 | 2,016 | 1,606 | 2,960 | 7,296 | 2,876 | 563 | 942 | 804 |
| Translation differences attributable to cash and bank balances | -40 | -36 | -92 | 10 | -41 | -95 | 10 | 31 | -16 |
| Liquid funds at the end of the year | 3,002 | 2,666 | 2,016 | 1,606 | 2,960 | 7,296 | 2,876 | 563 | 942 |
| 3 |
SW GAAP Quarterly
| SEK million | Jan-Dec 2004 | Jan-Sep 2004 | Jan-Jun 2004 | Jan-Mar 2004 | Jan-Dec 2003 | Jan-Sep 2003 | Jan-Jun 2003 | Jan-Mar 2003 | Jan-Dec 2002 | Jan-Sep 2002 | Jan-Jun 2002 | Jan-Mar 2002 | Jan-Dec 2001 | Jan-Sep 2001 | Jan-Jun 2001 | Jan-Mar 2001 | Jan-Dec 2000 | Jan-Sep 2000 | Jan-Jun 2000 | Jan-Mar 2000 | Jan-Dec 1999 | Jan-Sep 1999 | Jan-Jun 1999 | Jan-Mar 1999 | Jan-Dec 1998 | Jan-Sep 1998 | Jan-Jun 1998 | Jan-Mar 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flow before changes in working capital | 3,288 | 2,866 | 2,122 | 1,880 | 2,373 | 1,861 | 1,178 | 552 | 2,483 | 1,925 | 1,363 | 820 | 1,954 | 1,415 | 965 | 487 | 1,714 | 1,208 | 680 | 330 | 1,302 | 1,150 | 922 | - | - | - | - | - |
| Cash flow from changes in working capital | 338 | 35 | -118 | 25 | 265 | 147 | 47 | -150 | 102 | 59 | -344 | -407 | -345 | -163 | -394 | -214 | -769 | -667 | -555 | -383 | 27 | -157 | -216 | - | - | - | - | - |
| Cash flow from operations | 3,626 | 2,901 | 2,004 | 1,905 | 2,638 | 2,008 | 1,225 | 402 | 2,585 | 1,984 | 1,019 | 413 | 1,609 | 1,252 | 571 | 273 | 945 | 541 | 125 | -53 | 1,329 | 993 | 706 | 272 | 794 | 714 | 355 | 83 |
| Investments | ||||||||||||||||||||||||||||
| Investments in property, plant and equipment | -486 | -349 | -220 | -93 | -551 | -384 | -284 | -169 | -751 | -576 | -398 | -167 | -633 | -422 | -259 | -132 | -331 | -219 | -102 | -53 | -452 | -334 | -283 | -65 | -393 | -203 | -154 | -41 |
| Sales of property plant & equipment | 42 | 33 | 29 | 4 | 26 | 18 | 16 | 2 | 106 | 101 | 95 | 81 | 72 | 41 | 18 | 2 | 83 | 37 | 11 | 3 | 83 | 66 | 33 | 209 | 849 | 46 | 12 | 7 |
| Investments in intangible assets | -34 | -19 | -14 | -6 | -27 | -24 | -19 | -2 | -18 | -14 | -4 | -2 | -12 | - | - | - | -11 | - | -8 | -8 | -2,488 | -1,802 | -1,486 | - | -213 | -202 | -133 | -55 |
| Investments in consolidated companies | -53 | -53 | -53 | -38 | -78 | -56 | -55 | -33 | -53 | -10 | -10 | - | -962 | -894 | -747 | -710 | -1,660 | -1,660 | -1,423 | -56 | -51 | -51 | -50 | -47 | -168 | -143 | -126 | -4 |
| Investments in other companies | -10 | -10 | -4 | -4 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Divestment of business operation | 117 | 117 | 117 | 117 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Sales of Cigarette operations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,798 | 4,798 | - | - | - | - | - | - |
| Change in financial receivables, etc. | -47 | 6 | 14 | 12 | 5 | -30 | -9 | -27 | -1 | -2 | -23 | -20 | 15 | -63 | -15 | -3 | -48 | -55 | -85 | 11 | 115 | 154 | 189 | - | 7 | 50 | 16 | - |
| Cash flow from investments | -471 | -275 | -131 | -8 | -625 | -476 | -351 | -229 | -717 | -501 | -340 | -108 | -1,520 | -1,338 | -1,003 | -843 | -1,967 | -1,897 | -1,607 | -103 | 2,005 | 2,831 | -1,597 | 97 | 82 | -452 | -385 | -93 |
| Financing | ||||||||||||||||||||||||||||
| Change in loans | -1,819 | -733 | -673 | -592 | -131 | -52 | 431 | 701 | -501 | -80 | 134 | 91 | 284 | 426 | -43 | 3 | -713 | -633 | -344 | -165 | 1,655 | -644 | -613 | -144 | 3,084 | 1,981 | 840 | 144 |
| Dividends to shareholders | -558 | -558 | -558 | - | -535 | -535 | -535 | -508 | -508 | -508 | - | -490 | -490 | -490 | - | -539 | -539 | -539 | - | -474 | -474 | -474 | - | -510 | -510 | -510 | - | |
| Dividends to minority in subsidiaries | -121 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Share redemption, net | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1,062 | -1,061 | - | - | - | - | - | - | -1,147 | -1,147 | - | - |
| Issue of new shares | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 66 | 66 | 59 | - | - | - | - | - | - | - | - | - |
| Repurchase of shares | -658 | -658 | -184 | -106 | -1,012 | -980 | -845 | -588 | -499 | -172 | -132 | - | -1,169 | -799 | -723 | -509 | -905 | -594 | -32 | - | - | - | - | - | - | - | - | - |
| Sales of treasury shares | 82 | 63 | 63 | 62 | 55 | 55 | 55 | |||||||||||||||||||||
| Other | 295 | 31 | 31 | 11 | 296 | 166 | 137 | 95 | 142 | 51 | 11 | - | -78 | -80 | -79 | 29 | -120 | - | - | - | - | - | - | - | - | - | - | - |
| Cash flow from financing | -2,779 | -1,855 | -1,321 | -625 | -1,327 | -1,346 | -757 | 208 | -1,366 | -709 | -495 | 91 | -1,453 | -943 | -1,335 | -477 | -3,273 | -2,761 | -856 | -165 | 1,181 | -1,118 | -1,087 | -144 | 1,427 | 324 | 330 | 144 |
| Cash flow for the period | 376 | 771 | 552 | 1,272 | 686 | 186 | 117 | 381 | 502 | 774 | 184 | 396 | -1,364 | -1,029 | -1,767 | -1,047 | -4,295 | -4,117 | -2,338 | -321 | 4,515 | 2,706 | -1,978 | 225 | 2,303 | 586 | 300 | 134 |
| Liquid funds at the beginning of the year | 2,666 | 2,666 | 2,666 | 2,666 | 2,016 | 2,016 | 2,016 | 2,016 | 1,606 | 1,606 | 1,606 | 1,606 | 2,960 | 2,960 | 2,960 | 2,960 | 7,296 | 7,296 | 7,296 | 7,296 | 2,876 | 2,876 | 2,876 | 2,876 | 563 | 563 | 563 | 563 |
| Translation differences attributable to cash and bank balances | -40 | -6 | 16 | 36 | -36 | -17 | -3 | -1 | -92 | -93 | -53 | -10 | 10 | 16 | 32 | 20 | -41 | -132 | -147 | -113 | -95 | -117 | -40 | -41 | 10 | 1 | -1 | -1 |
| Liquid funds at the end of the period | 3,002 | 3,431 | 3,234 | 3,974 | 2,666 | 2,185 | 2,130 | 2,396 | 2,016 | 2,287 | 1,737 | 1,992 | 1,606 | 1,947 | 1,225 | 1,933 | 2,960 | 3,047 | 4,811 | 6,862 | 7,296 | 5,465 | 858 | 3,060 | 2,876 | 1,150 | 862 | 696 |
| 3,431 | 3,234 | 3,974 | 2,666 | 2,185 | 2,130 | 2,396 | 2,016 | 2,287 |
