Consolidated Statements of Cash Flows

$($in thousands$)$

For The Years Ended December $31,$ Celsius Holdings, Inc.

Consolidated Statements of Operations and Comprehensive Income $($Loss$)$

$($in thousands, except per share amounts$)$

For the years ended December $31,$

Other income $($expense$)$:

Other comprehensive income $($loss$)$:

Foreign currency translation gain $($loss$),$ net of income tax

Comprehensive income $($loss$)$

Earnings per share:Investigate any surprising reasons for the difference between net income and cash provided

by operating activities. You can look at the notes to the financial statements, or elsewhere in the

$10K.$

Inspect the company's investing activities cash flows, identifying and investigating any major

cash flows. Does the company appear to be expanding or downsizing?

Inspect the company's financing activities cash flows, identifying and investigating any major

cash flows. Does the company appear to be raising funding? If so$,$ can you work out why? If not,

what has the company done with its surplus cash?