← Oatly Group AB
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Net Income | — | — | — | — | ($392.6m) | ($416.9m) | ($201.9m) | ($152.8m) | — | |
| Net Income From Continuing Operations | — | — | — | — | ($392.6m) | ($417.1m) | ($202.3m) | ($153.1m) | — | |
| Other Adjustments To Reconcile Profit Loss | — | — | $52k | ($138k) | ($226k) | — | $1.4m | — | — | |
| Adjustments to reconcile profit (loss) | — | — | $48.4m | $16.9m | $3.0m | $26.6m | $25.9m | $38.2m | $36.8m | |
| Depreciation of property, plant and equipment and right-of-use assets and amortization of intangible assets | — | $8.1m | $13.1m | $27.2m | $48.3m | $51.7m | $50.0m | $48.6m | $22.1m | |
| Depreciation | — | — | — | — | — | — | — | $44.8m | — | |
| Depreciation Amortization Depletion | — | — | — | — | $48.3m | $51.7m | $50.0m | $48.6m | — | |
| Deferred taxes | — | — | ($3.2m) | ($3.8m) | ($3.0m) | ($6.8m) | ($256k) | $1.5m | ($1.5m) | |
| Deferred Income Tax | — | — | — | — | ($4.8m) | $8.9m | $3.7m | $8.2m | — | |
| Deferred Tax | — | — | — | — | ($4.8m) | $8.9m | $3.7m | $8.2m | — | |
| Adjustments For Share-Based Payments | — | — | $1.0m | $23.6m | $35.5m | $21.4m | $13.6m | $13.3m | — | |
| Impairment loss/(gain)on trade receivables | — | $2.2m | $448k | ($253k) | $3.1m | $611k | ($234k) | $913k | — | |
| Share-based compensation | — | $1.9m | $1.0m | $23.6m | $35.5m | $21.4m | $13.6m | $13.3m | $5.5m | |
| Impairment related to discontinued construction of production facilities | — | — | — | — | — | $172.6m | $24.1m | — | — | |
| Impairment of goodwill and intangibles | — | — | — | — | — | — | $0 | $5.1m | $41.1m | |
| Share-based compensation granted on business acquisition | — | — | $0 | ($1.3m) | $0 | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | $70.5m | $19.4m | $22.0m | $9.7m | — | |
| Adjustments For Income Tax Expense | — | — | $2.4m | ($2.7m) | ($4.8m) | $8.9m | $3.7m | $8.2m | — | |
| Income tax expense | — | $1.3m | $2.4m | ($2.7m) | ($4.8m) | $8.9m | $3.7m | $8.2m | — | |
| Changes in non-cash working capital items | — | — | $5.7m | ($86k) | ($1.1m) | $2.3m | ($10.2m) | $10.2m | ($11.0m) | |
| Additional Financial Items | ||||||||||
| Adjustments For Current Tax Of Prior Period | — | — | ($141k) | ($120k) | $1.7m | ($2.3m) | ($5.0m) | ($143k) | — | |
| Adjustments For Finance Costs | — | — | — | — | $16.7m | $69.0m | $70.2m | $87.1m | — | |
| Adjustments For Finance Income | — | — | $515k | $14.4m | $15.3m | $117.9m | $57.8m | $9.9m | — | |
| Interest Received Classified As Operating Activities | — | — | $60k | $1.7m | $2.1m | $9.6m | $8.3m | $1.6m | — | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | $6.0m | $9.3m | $10.9m | $11.4m | $19.6m | $11.9m | — | |
| Proceeds From Borrowings Classified As Financing Activities | — | — | $129.6m | $118.0m | $47.9m | $176.9m | — | — | — | |
| Purchase Of Intangible Assets Classified As Investing Activities | — | — | $7.5m | $7.8m | $4.5m | $3.0m | $2.1m | $2.9m | — | |
| Repayments Of Borrowings Classified As Financing Activities | — | — | $119.1m | $212.9m | $1.0m | $102.8m | $2.7m | $133.3m | — | |
| Net loss | — | ($35.6m) | ($60.4m) | ($212.4m) | ($392.6m) | ($417.1m) | ($202.3m) | ($153.1m) | ($38.8m) | |
| Write-down of inventories | — | — | $2.0m | $5.1m | $28.8m | $17.0m | $3.1m | $8.0m | — | |
| Movements in provisions | — | — | — | — | $3.8m | $36.3m | ($14.4m) | ($14.9m) | — | |
| Finance income | — | ($47k) | ($515k) | ($14.4m) | ($15.3m) | ($117.9m) | ($57.8m) | ($9.9m) | — | |
| Finance expenses | — | — | $11.4m | $15.7m | $16.7m | $69.0m | $70.2m | $87.1m | $9.5m | |
| Other | — | $87k | $52k | ($138k) | ($226k) | $0 | $743k | $449k | — | |
| Interest received | — | $4k | $60k | $1.7m | $2.1m | $9.6m | $8.3m | $1.6m | — | |
| (Increase)/decrease in inventories | — | ($20.2m) | ($10.3m) | ($58.6m) | ($55.0m) | $30.5m | ($3.5m) | ($6.2m) | — | |
| Decrease/(increase) in trade receivables, other current receivables, prepaid expenses | — | ($29.1m) | ($38.7m) | ($79.3m) | $7.0m | ($2.5m) | $14.8m | $14.4m | — | |
| Increase/(decrease) in trade payables, other current liabilities, accrued expenses | — | $32.6m | $43.6m | $92.2m | $31.8m | ($9.9m) | ($16.4m) | $1.9m | — | |
| Purchase of intangible assets | — | ($3.0m) | ($7.5m) | ($7.8m) | ($4.5m) | ($3.0m) | ($2.1m) | ($2.9m) | ($316k) | |
| Investments in financial assets | — | — | — | ($1.2m) | — | ($1.7m) | — | ($1.3m) | — | |
| Proceeds from short-term investments | — | — | $1.3m | $117.9m | $241.0m | — | — | — | — | |
| Proceeds from Convertible Notes/bonds | — | — | — | — | — | $324.9m | — | $180.9m | — | |
| Proceeds from liabilities to credit institutions | — | $50.8m | $129.6m | $118.0m | $47.9m | $176.9m | — | $2.8m | — | |
| Repayment of liabilities to credit institutions | — | ($765k) | ($119.1m) | ($212.9m) | ($1.0m) | ($102.8m) | ($2.7m) | ($133.3m) | $0 | |
| Repayment of lease liabilities | — | ($4.0m) | ($6.0m) | ($9.3m) | ($10.9m) | ($11.4m) | ($19.6m) | ($11.9m) | ($3.8m) | |
| Payment of loan transaction costs | — | — | — | ($4.9m) | — | ($32.5m) | ($5.0m) | ($12.7m) | — | |
| Proceeds from exercise of stock options | — | — | $165k | $300k | $299k | $346k | $6k | $111k | $100k | |
| Cash flows from/(used in) financing activities | — | $95.5m | $273.9m | $955.8m | $35.9m | $355.0m | ($27.3m) | $1.2m | ($14.7m) | |
| Change in fair value of contingent consideration | — | — | — | — | $0 | $9.2m | ($3.8m) | ($5.6m) | ($2.1m) | |
| Unrealized foreign exchange loss (gain) | — | — | $273k | $1.3m | $299k | ($318k) | $153k | ($966k) | $1.0m | |
| Cash settlement of RSUs, DSUs and PSUs | — | — | — | — | — | — | ($371k) | ($264k) | $0 | |
| Advances on the Credit Facility, net of related transaction costs | — | — | $64.1m | $53.5m | $156.8m | $98.7m | $148.3m | $102.7m | $61.4m | |
| Repayment of the Credit Facility | — | — | ($54.4m) | ($49.9m) | ($146.5m) | ($97.5m) | ($159.1m) | ($110.3m) | ($50.8m) | |
| Repayment of balances of purchase price payable | — | — | — | — | — | — | — | ($4.3m) | ($7.7m) | |
| Shares purchased for settlement of RSUs | — | — | — | $0 | $0 | ($29k) | $0 | ($148k) | ($205k) | |
| Shares purchased for cancellation | — | — | — | $0 | ($1.2m) | ($1.0m) | ($953k) | ($402k) | ($5.2m) | |
| Financial expenses paid | — | — | — | — | $3.5m | $8.1m | ($11.0m) | ($8.0m) | ($8.1m) | |
| Cash, beginning of year | — | — | ($4.0m) | ($1.9m) | $10.8m | $4.9m | ($13.7m) | $7.1m | ($3.1m) | |
| Settlement of RSUs | — | — | — | — | — | $0 | ($371k) | — | — | |
| Forgiveness of PPP loans | — | — | $0 | ($1.9m) | ($5.9m) | $0 | — | — | — | |
| Loss on disposal of intangibles | — | — | $28.0m | $0 | $262k | $0 | — | — | — | |
| Right-of-use assets | — | — | $222k | $0 | ($132k) | $0 | — | — | — | |
| Proceeds from issuing shares | — | — | — | — | $24.7m | $0 | — | — | — | |
| Lease incentives | — | — | $0 | $917k | $0 | — | — | — | — | |
| Interest accretion on balances of purchase payable | — | — | $318k | $835k | $823k | — | — | — | — | |
| Gain on sale of subsidiary | — | — | ($681k) | $0 | — | — | — | — | — | |
| Line of credit and demand loan drawn (repaid) | — | — | ($3.2m) | $0 | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | $295.6m | $82.6m | $249.3m | $98.9m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | $35.9m | $355.0m | ($27.3m) | $1.2m | — | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | $34.8m | ($26.7m) | ($9.3m) | ($15.5m) | — | |
| Change In Account Payable | — | — | — | — | $31.8m | ($9.9m) | ($16.4m) | $1.9m | — | |
| Change In Inventory | — | — | — | — | ($55.0m) | $30.5m | ($3.5m) | ($6.2m) | — | |
| Change In Payable | — | — | — | — | $31.8m | ($9.9m) | ($16.4m) | $1.9m | — | |
| Change In Payables And Accrued Expense | — | — | — | — | $31.8m | ($9.9m) | ($16.4m) | $1.9m | — | |
| Change In Receivables | — | — | — | — | $7.0m | ($2.5m) | $14.8m | $14.4m | — | |
| Change In Working Capital | — | — | — | — | ($16.2m) | $18.2m | ($5.0m) | $10.1m | — | |
| Changes In Account Receivables | — | — | — | — | $7.0m | ($2.5m) | $14.8m | $14.4m | — | |
| Changes In Cash | — | — | — | — | ($198.2m) | $162.7m | ($151.0m) | ($38.1m) | — | |
| End Cash Position | — | — | — | — | $82.6m | $249.3m | $98.9m | $64.3m | — | |
| Financing Cash Flow | — | — | — | — | $35.9m | $355.0m | ($27.3m) | $1.2m | — | |
| Free Cash Flow | — | — | — | — | ($475.1m) | ($234.7m) | ($155.6m) | ($39.0m) | — | |
| Gain Loss On Investment Securities | — | — | — | — | — | ($611k) | $1.7m | $34k | — | |
| Gain Loss On Sale Of PPE | — | — | — | — | ($932k) | $675k | ($307k) | $0 | — | |
| Interest Received CFO | — | — | — | — | $2.1m | $9.6m | $8.3m | $1.6m | — | |
| Investing Cash Flow | — | — | — | — | $34.8m | ($26.7m) | ($9.3m) | ($15.5m) | — | |
| Issuance Of Capital Stock | — | — | — | $1.0b | $0 | $0 | — | — | — | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | ($7.8m) | ($14.3m) | $3.3m | — | |
| Net Intangibles Purchase And Sale | — | — | — | — | ($4.5m) | ($3.0m) | ($2.1m) | ($2.9m) | — | |
| Net PPE Purchase And Sale | — | — | — | — | ($201.7m) | ($66.1m) | ($7.9m) | ($11.8m) | — | |
| Operating Gains Losses | — | — | — | — | ($932k) | ($7.8m) | ($12.9m) | $3.3m | — | |
| Other Non Cash Items | — | — | — | — | $1.2m | $228.6m | $83.6m | $79.2m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | $0 | $0 | $0 | $111k | — | |
| Provisionand Write Offof Assets | — | — | — | — | $3.8m | $36.3m | ($14.4m) | ($14.9m) | — | |
| Purchase Of Intangibles | — | — | — | — | ($4.5m) | ($3.0m) | ($2.1m) | ($2.9m) | — | |
| Purchase Of PPE | — | — | — | $273.8m | ($201.7m) | ($66.1m) | ($39.1m) | ($12.4m) | — | |
| Sale Of PPE | — | — | — | — | $0 | $0 | $31.2m | $575k | — | |
| Stock Based Compensation | — | — | — | — | $35.5m | $21.4m | $13.6m | $13.3m | — | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | ($96.4m) | ($33.0m) | ($5.3m) | — | |
| Profit or Loss | — | — | — | — | — | ($417.1m) | ($202.3m) | ($153.1m) | — | |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | — | — | $1.2m | $422k | ($932k) | $675k | $31.2m | $575k | $515k | |
| Purchase of property, plant and equipment | — | ($53.6m) | ($134.3m) | ($273.8m) | ($201.7m) | ($66.1m) | ($39.1m) | ($12.4m) | ($1.4m) | |
| Business acquisitions, net of cash acquired | — | — | ($15.2m) | $0 | ($15.7m) | ($14.4m) | $0 | ($6.4m) | ($10.9m) | |
| Net Investment Purchase And Sale | — | — | — | — | $241.0m | ($1.7m) | $0 | ($1.3m) | — | |
| Purchase Of Investment | — | — | — | — | $0 | ($1.7m) | $0 | ($1.3m) | — | |
| Sale Of Investment | — | — | — | $123.6m | $241.0m | $0 | $0 | — | — | |
| Business divestiture, cash disposed | — | — | — | — | — | — | — | $0 | ($951k) | |
| Net Other Investing Changes | — | — | — | — | — | $44.0m | $743k | $449k | — | |
| Net cash flows used in investing activities | — | ($64.7m) | ($141.4m) | ($544.3m) | $34.8m | ($26.7m) | ($9.3m) | ($15.5m) | ($13.6m) | |
| Issuance Of Debt | — | — | — | — | $47.9m | $501.8m | $0 | $183.7m | — | |
| Long Term Debt Issuance | — | — | — | — | $47.9m | $501.8m | $0 | $183.7m | — | |
| Net Issuance Payments Of Debt | — | — | — | — | $35.9m | $387.5m | ($22.3m) | $13.8m | — | |
| Net Long Term Debt Issuance | — | — | — | — | $35.9m | $387.5m | ($22.3m) | $13.8m | — | |
| Realized foreign exchange (gain) loss on repayment of long-term debt | — | — | $81k | ($879k) | ($250k) | $861k | ($26k) | $580k | ($604k) | |
| Repayment of other long-term debt | — | — | — | — | — | — | — | ($450k) | ($350k) | |
| Long Term Debt Payments | — | — | — | — | ($11.9m) | ($114.3m) | ($22.3m) | ($169.9m) | — | |
| Repayment Of Debt | — | — | — | — | ($11.9m) | ($114.3m) | ($22.3m) | ($169.9m) | — | |
| Common Stock Issuance | — | — | — | $1.0b | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | — | $1.0b | $0 | $0 | — | — | — | |
| Net Other Financing Charges | — | — | — | — | $46.8m | ($32.5m) | ($5.0m) | ($12.7m) | — | |
| Exchange rate differences in cash and cash equivalents | — | ($1.9m) | $6.6m | ($7.4m) | ($14.7m) | $4.0m | $591k | $3.5m | ($596k) | |
| Effect Of Exchange Rate Changes | — | — | — | — | ($14.7m) | $4.0m | $591k | $3.5m | — | |
| Net (decrease)/increase in cash and cash equivalents | — | ($8.3m) | $88.2m | $197.6m | ($198.2m) | $162.7m | ($151.0m) | ($38.1m) | — | |
| Cash and cash equivalents at January 1 | $20.7m | $10.6m | $105.4m | $295.6m | $82.6m | $249.3m | $98.9m | $64.3m | $12.8m | |
| Restricted cash | — | — | $47k | ($1.0m) | ($21k) | $3.3m | $0 | — | — | |
| Change In Cash Supplemental As Reported | — | — | — | — | ($198.2m) | $162.7m | ($151.0m) | ($38.1m) | — | |
| Interest Paid Classified As Operating Activities | — | ($2.7m) | $6.5m | $9.2m | $12.9m | $20.5m | $24.5m | $24.0m | — | |
| Income Taxes Paid Refund Classified As Operating Activities | — | ($1.3m) | $1.2m | $2.7m | $3.0m | $18.1m | $3.4m | $318k | ($72k) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.