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.

Financial tables in XLS format

SEK million2017201620152014201320122011201020092008
Cash flow from operating activities before changes in working capital3,5572,9693,7302,8932,8203,0932,4452,5762,9782,158
Changes in working capital-155-4038384-320-28816340-67-320
Net cash generated from operating activities3,4022,9293,7683,2762,5002,8052,6082,6162,9111,838
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 equipment719017206363109
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 land107---------
Investments in associated companies and joint ventures--5-25-45-57-40-28-123-23-
Divestments in associated companies and joint ventures2,6603,908--------
Investments in other companies-------4---
Proceeds from sale of subsidiaries, net of cash disposed of----1589143-1,577155
Dividend from STG107---------
Changes financial receivables etc.20-20-0--1-1124
Change in other current investments------1-05
Net cash from investing activities1,5943,408-513-274-240-323-1519591,043-61
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--1415318741467535162
Proceeds from non-current borrowing3,2933,366--1,2252,0621,0024,242998801
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-90259314-12888122-11535
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 equivalents7131,573-669-1,085348371-763928-753-491
Cash flow from discontinued operations
Net cash from operating activities--------219142
Net cash from investing activities---------613
Net cash from financing activities---------5142
-------
Net increase/decrease in cash and cash equivalents--------162196
Total net increase/decrease in cash and cash equivalents7131,573-669-1,085348371-763928-591-295
Cash and cash equivalents at the beginning of the year3,3641,7322,3123,1642,8242,5333,2752,5303,1783,439
Effect of exchange rate fluctuations on cash and cash equivalents-795990232-8-7921-183-5834
Cash and cash equivalents at the end of the year3,9983,3641,7322,3123,1642,8242,5333,2752,5303,178

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.

SEK millionJun 2018Mar 2018Dec 2017Sep 2017Jun 2017Mar 2017Dec 2016Sep 2016Jun 2016Mar 2016Dec 2015Sep 2015Jun 2015Mar 2015Dec 2014Sep 2014Jun 2014Mar 2014Dec 2013Sep 2013Jun 2013Mar 2013Dec 2012Sep 2012Jun 2012Mar 2012Dec 2011Sep 2011Jun 2011Mar 2011Dec 2010Sep 2010Jun 2010Mar 2010Dec 2009Sep 2009Jun 2009Mar 2009Dec 2008Sep 2008Jun 2008
Cash flow from operating activities before changes in working capital1,9421,0183,5572,8301,9599292,9692,5901,8849753,7303,2161,8441,1542,8932,3531,6559582,8202,2381,5509073,0932,4351,6837242,4451,8511,1856022,5761,9861,1715242,9781,9901,3997522,1581,511781
Changes in working capital-230-118-155-261-178-103-40-31-12-18238-17-103-19138418426669-320-138-351-264-288-353-360-4171631343-784012-55-180-67-119-100-170-320-154-203
Net cash generated from operating activities1,7128993,4022,5691,7818262,9292,5591,8727923,7683,1991,7419633,2762,5371,9211,0272,5002,1001,1996432,8052,0821,3233072,6081,8631,2285232,6161,9971,1163442,9111,8711,3005831,8381,356578
Investing activities
Purchase of property, plant and equipment-285-115-369-231-172-83-537-373-225-81-491-218-139-52-223-167-134-56-306-232-160-70-251-171-104-39-245-170-132-52-311-248-197-107-471-324-231-108-319-207-133
Proceeds from sale of property plant and equipment1075001901451451451721021000100631132106560341171096550
Purchase of intangible assets-2-1-8-7-6-4-129-125-122-121-14-7-7-6-5-10--35-30-19-5-48-28-19-9-22-11-9-8-51-31-20-4-16-100-8-2-2
Net proceeds from businesses transferred to STG ------------------------------1,439----------
Acquisition of subsidiaries, net of cash acquired-294--929-929-------0----2--------------------39-48-47-31-7-14-6
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--2,6601,3551,3551,3553,9083,9082,1722,172-------------------------------
Investments in other companies---------------------------4-4-4-4-----------
Dividend from STG--1076565------------------------------------
Proceeds from sale of subsidiaries etc, net of cash disposed of--107107107107------------1581681665999-143143143-----1,5771,5747-15555
Changes financial receivables etc.-1020000-200------0-----3-1---21111-1---1202442-3
Changes in other current investments--------------------------1------00--05-0
Net cash from investing activities-582-1161,5943661,3491,3753,4083,5501,9652,110-513-249-155-67-274-212-158-56-240-135-30-72-323-208-133-45-151-54-14-62959-396-322-2211,0431,205-258-129-61-150-90
Financing activities
Changes in loans1,2487481,3041,09950001,7482,058135134-637-639360-140-1,802-713-484-485-277-27822-127475201,075-296149-54-364-2441,281207-392-293-1,020-527-340-303-483-380105
Dividends paid to equity holders of the Parent-2,911--2,908-2,908-2,908--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--1,024-1,024-1,0240-886-886-886
Repurchase of own shares-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--996-996-696
Stock options exercised----------1411411411415353535318716516589414414414137676767675353535351514938626262
Realized exchange gain/losses on financial instruments 76-30-90-267-135-8325925-28-78-------------------------------
Other1-10-1-2-221103133-2184-1-10-12-13-11-8811938890-7-21226312-63-11576322635-99-116
Net cash used in financing activities-2,664517-4,283-4,158-3,937-824-4,764-2,680-4,106-143-3,924-3,173-1,644-289-4,088-2,413-1,953-501-1,912-1,887-1,420-69-2,112-2,059-506-523-3,219-2,921-2,636-1,360-2,646-2,644-1,971-701-4,707-2,793-1,779-240-2,267-2,299-1,531
Net increase/decrease in cash and cash equivalents-1,5341,300713-1,223-8071,3771,5733,429-2692,759-669-223-57608-1,085-89-19047034878-252502371-185683-262-763-1,112-1,422-899928-1,043-1,177-578-753284-737214-491-1,093-1,042
Cash flow from discontinued operations
Net cash from operating activities----------------------------------2192331237514217576
Net cash from investing activities-----------------------------------6-6-4-3131719
Net cash from financing activities-----------------------------------51-51-50-4742-3-3
Net increase/decrease in cash and cash equivalents----------------------------------162176682419619092
-
Total net increase/decrease in cash and cash equivalents-1,5341,300713-1,223-8071,3771,5733,429-2692,759-669-223-57608-1,085-89-19047034878-252502371-185683-262-763-1,112-1,422-899928-1,043-1,177-578-591460-669237-295-903-950
Cash and cash equivalents at the beginning of the period3,9983,9983,3643,3643,3643,3641,7321,7321,7321,7322,3122,3122,3122,3123,1643,1643,1643,1642,8242,8242,8242,8242,5332,5332,5332,5333,2753,2753,2753,2752,5302,5302,5302,5303,1783,1783,1783,1783,4393,4393,439
Effect of exchange rate fluctuations on cash and cash equivalents8629-79-78-5136593812-50908489161232145485-8-23275-79-786-462114-52-81-183-111-25-50-58-38381934-113-84
Less cash and cash equivalents reclassified as assets held for sale--------------------------------103-87-173-------
Cash and cash equivalents at the end of the period2,5505,3273,9982,0642,5064,7773,3645,1991,4754,4411,7322,1722,3433,0802,3123,2203,0223,6403,1642,8802,5993,3312,8242,2713,2232,2262,5332,1781,8012,2953,2751,2731,2421,7282,5303,6002,5473,4353,1782,4242,404

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.