Danske Bank Cash Flow Statement

Financials in millions DKK. Fiscal year is January - December.

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	22,966	23,037	23,629	21,262	-4,580	12,920
Depreciation & Amortization	516	516	493	4,244	4,706	4,876
Other Amortization	475	475	533	-	-	-
Total Asset Writedown	-	-	-	-	1,627	-
Provision for Credit Losses	294	294	-544	262	1,502	141
Change in Other Net Operating Assets	-140,032	-73,119	-60,781	146,203	-96,357	-14,839
Other Operating Activities	1,054	537	-2,791	4,665	13,490	1,266
Operating Cash Flow	-114,713	-48,246	-39,204	176,746	-79,620	4,189
Capital Expenditures	-346	-343	-990	-841	-826	-686
Sale of Property, Plant and Equipment	3	2	-	7	4	8
Cash Acquisitions	-	-21	-	-	-	-
Income (Loss) Equity Investments	14	14	257	110	-8	-175
Divestitures	-	-	26	45	2,032	-
Purchase / Sale of Intangibles	-1,984	-1,662	-1,270	-540	-560	-885
Investing Cash Flow	-2,327	-2,024	-2,234	-1,329	650	-1,563
Long-Term Debt Issued	-	38,470	40,446	22,425	20,052	14,454
Long-Term Debt Repaid	-	-34,533	-47,670	-24,301	-31,201	-10,681
Net Debt Issued (Repaid)	25,241	3,937	-7,224	-1,876	-11,149	3,773
Repurchase of Common Stock	-5,032	-4,803	-5,246	-	-5,419	-3,000
Common Dividends Paid	-18,486	-12,236	-18,207	-6,011	-1,705	-1,708
Net Increase (Decrease) in Deposit Accounts	96,284	70,801	-53,265	-35,246	-29,737	-41,751
Other Financing Activities	-	-	-	-	-164	-466
Financing Cash Flow	98,007	57,699	-83,942	-43,133	-48,174	-43,152
Foreign Exchange Rate Adjustments	-371	797	1,871	794	-3,322	2,634
Net Cash Flow	-19,404	8,226	-123,509	133,078	-130,466	-37,892
Free Cash Flow	-115,059	-48,589	-40,194	175,905	-80,446	3,503
Free Cash Flow Margin	-203.05%	-85.93%	-70.58%	337.24%	-182.91%	7.39%
Free Cash Flow Per Share	-140.11	-58.77	-47.30	204.53	-93.22	4.10
Cash Income Tax Paid	5,702	6,321	10,335	4,565	3,025	2,459

Source: S&P Global Market Intelligence. Banks template. Financial Sources.