Ericsson LM Telephone Co cash flow statement

In fiscal 2025, Ericsson LM Telephone Co's operations generated $3.37bn of cash; it spent $269m on capital projects, leaving free cash flow of $3.10bn. It returned $976m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ericsson LM Telephone Co: cash flow statement, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	2,443	1,640	1,126	1,077	1,785	3,150	4,556	3,062	677	4,377	3,370
Depreciation and amortisation	1,213	1,040	991	832	909	869	986	1,006	1,052	948	911
Capital spending	989	718	455	458	541	489	427	444	311	221	269
Free cash flow	1,454	923	671	619	1,243	2,661	4,129	2,618	366	4,156	3,102
Dividends paid	1,345	1,436	401	395	471	653	803	835	859	874	976

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Ericsson LM Telephone Co's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ericsson LM Telephone Co.