Oatly Group AB (OTLY) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -5.2M | -6.36M | -2.31M | -1.45M | -13.56M | -10.24M | -18.18M | -46.94M | -39.08M | -14.15M | -38.39M | -41.88M | -71.21M | -53.72M | -87.95M | -58.34M | -68.94M | -65.24M | -76.07M | -43.33M |
| Operating CF Margin % | -2.28% | -2.72% | -1.04% | -0.69% | -6.86% | -4.78% | -8.69% | -23.21% | -19.62% | -6.93% | -20.46% | -21.37% | -36.4% | -27.54% | -48.05% | -32.78% | -41.48% | -35.09% | -44.47% | -29.64% |
| Operating CF Growth % | 61.64% | 37.83% | 87.29% | 96.92% | 65.31% | 27.65% | 52.65% | -12.08% | 45.12% | 73.67% | 56.35% | 28.21% | -3.3% | 17.65% | -15.61% | -34.65% | -136.09% | -173.15% | - | - |
| Net Income | -12.13M | -19.14M | -65.12M | -55.95M | -12.53M | -91.36M | -34.63M | -30.44M | -45.84M | -301.79M | 44.01M | -86.72M | -75.58M | -125.17M | -107.95M | -71.99M | -87.46M | -79.75M | -41.19M | -59.06M |
| Depreciation & Amortization | 12.85M | 14.62M | 12.23M | 12.29M | 11.18M | 11.81M | 12.71M | 12.31M | 12.94M | 14.45M | 12.56M | 12.46M | 12.23M | 13.55M | 12.16M | 11.88M | 10.73M | 10.84M | 7.92M | 4.64M |
| Stock-Based Compensation | 2.87M | 3.14M | 0 | 3.45M | 3.59M | 3.5M | 3.3M | 4.18M | 2.62M | 4.69M | 6.29M | 2.42M | 8.05M | 7.74M | 8.5M | 9.19M | 10.04M | 9.6M | 9.57M | 4.47M |
| Deferred Taxes | -124K | 0 | 0 | 1.91M | 3.35M | 505K | 1.39M | 1.75M | 54K | -4.29M | 1.48M | -273K | 2.01M | 3.24M | -3.91M | -3.03M | -1.12M | -5.43M | 567K | 264K |
| Other Non-Cash Items | -11.39M | 4.68M | 41.89M | 24.43M | -17.8M | 64.57M | -3.21M | -45.94M | 10.27M | 261.92M | -103.27M | 6.93M | -1.39M | 49.24M | 21.26M | -3.01M | -4.63M | -4.53M | -4.72M | 8.15M |
| Working Capital Changes | 2.72M | -9.66M | 8.69M | 12.41M | -1.35M | 724.61K | 2.26M | 11.21M | -19.11M | 10.88M | 541K | 23.3M | -16.54M | -2.32M | -18.01M | -1.36M | 3.5M | 4.04M | -48.21M | -1.79M |
| Change in Receivables | 3.46M | 3.68M | 4.36M | -832K | 7.21M | -8.38M | 7.24M | 9.11M | 6.77M | -9.45M | 8.87M | 5.19M | -7.12M | 10.22M | -6.93M | 0 | 8.9M | -19.77M | -17.13M | -30.23M |
| Change in Inventory | -10.01M | -6.21M | 966.93K | -270K | -689K | 11.65M | -959K | -2.73M | -11.36M | 15.58M | 12.69M | -1.15M | 3.52M | 19.01M | -3.87M | 0 | -4.25M | -18.24M | -23.3M | -12.33M |
| Change in Payables | 9.27M | -7.13M | 3.37M | 13.51M | -7.87M | -2.55M | -4.03M | 4.83M | -14.53M | 4.8M | -21.05M | 19.27M | -12.94M | -29.53M | -7.37M | 0 | 869K | 42.05M | -7.79M | 40.76M |
| Cash from Investing | -6.26M | -2.56M | -2.74M | -3.57M | -6.65M | -5.51M | -4.6M | -6.96M | 7.81M | -17.06M | -10.95M | -14.56M | 15.88M | -17.06M | 17.41M | 35.89M | -1.45M | -38.28M | -41.45M | -415.64M |
| Capital Expenditures | -5.65M | -328K | -3.05M | -3.12M | -6.66M | -11.66M | -7.84M | -13.94M | -5.71M | -16.5M | -10.13M | -12.33M | -27.14M | -31.14M | -60.53M | -57.99M | -53.28M | -87.1M | -52.28M | -88.86M |
| CapEx % of Revenue | 2.47% | 0.14% | 1.37% | 1.5% | 3.37% | 5.44% | 3.74% | 6.89% | 2.87% | 8.09% | 5.4% | 6.29% | 13.87% | 15.96% | 33.07% | 32.58% | 32.06% | 46.85% | 30.56% | 60.8% |
| Acquisitions | 0 | 0 | 305.43K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -619K | -2.23M | 4.5K | -453K | 11K | 6.15M | 3.23M | 6.98M | 13.53M | -558K | -821.74K | -2.24M | 43.02M | -672K | 1.97M | -537.39K | -1.31M | -611K | -667K | -3.21M |
| Cash from Financing | -2.82M | 13.47M | -4.13M | -3.09M | -5.06M | -3.06M | -4.01M | -11.49M | -8.73M | -7.04M | -5.28M | 318.5M | 48.8M | 45.9M | -3.1M | -2.71M | -4.17M | -2.87M | -2.19M | 898.46M |
| Debt Issued (Net) | -1.67M | -158.54M | -4.24M | -3.09M | -4.04M | -663K | -4.01M | -11.49M | -3.76M | -2.99M | -4.54M | 350.32M | 48.8M | -1.95M | -3.1M | -2.71M | -4.17M | -2.87M | -2.19M | -172.47M |
| Equity Issued (Net) | 0 | -24 | 111.62K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -1.15M | 172.01M | 6.83K | 0 | -1.02M | -2.4M | 0 | 0 | -4.96M | -4.05M | -735K | -31.82M | 0 | 47.85M | 0 | 0 | 0 | 0 | 0 | 1.07B |
| Net Change in Cash | -14.93M | 5.44M | -9.03M | -6.5M | -24.5M | -20.41M | -23.39M | -66.3M | -40.27M | -33.88M | -57.55M | 261.9M | -3.81M | -22.96M | -76.6M | -36.84M | -76.53M | -107.48M | -121.18M | 435.63M |
| Free Cash Flow | -11.69M | -6.69M | -4.58M | -5.2M | -20.51M | -22.51M | -26.68M | -61.16M | -45.02M | -31.21M | -49.34M | -54.79M | -99.33M | -85.53M | -148.48M | -117.45M | -123.65M | -152.95M | -129.02M | -135.39M |
| FCF Margin % | -5.12% | -2.86% | -2.05% | -2.49% | -10.38% | -10.5% | -12.75% | -30.25% | -22.6% | -15.29% | -26.3% | -27.96% | -50.77% | -43.85% | -81.12% | -66% | -74.41% | -82.26% | -75.42% | -92.64% |
| FCF Growth % | 42.99% | 70.27% | 82.84% | 91.51% | 54.44% | 27.88% | 45.92% | -11.63% | 54.68% | 63.51% | 66.77% | 53.35% | 19.67% | 44.08% | -15.08% | 13.25% | -58.38% | -102.57% | - | - |
| FCF per Share | -0.37 | -0.21 | -0.15 | -0.17 | -0.69 | -0.75 | -0.89 | -2.05 | -1.51 | -1.05 | -1.66 | -1.85 | -3.35 | -2.89 | -5.01 | -3.97 | -4.18 | -5.17 | -4.36 | -4.58 |
| FCF Conversion (FCF/Net Income) | 0.43x | 0.33x | 0.04x | 0.03x | 1.09x | 0.11x | 0.52x | 1.54x | 0.85x | 0.05x | -0.87x | 0.48x | 0.94x | 0.43x | 0.81x | 0.81x | 0.79x | 0.82x | 1.85x | 0.73x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |