Demant A/S (CPH:DEMANT)
Denmark · Delayed Price · Currency is DKK 285.40
-0.60 (-0.21%)
Aug 28, 2026, 4:59 PM CET
Demant Cash Flow Statement
Financials in millions DKK. Fiscal year is January - December.
Millions DKK. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 | 1,614 | 1,545 | 2,387 | 1,795 | 2,082 | 2,513 |
Depreciation & Amortization | 1,519 | 1,519 | 1,435 | 1,293 | 1,176 | 1,065 |
Loss (Gain) From Sale of Assets | - | - | -1 | 10 | -1 | -103 |
Loss (Gain) on Equity Investments | -36 | -36 | -99 | -68 | -122 | -120 |
Other Operating Activities | 1,179 | 910 | 514 | 1,552 | 497 | 588 |
Change in Accounts Receivable | -465 | -325 | -119 | -158 | -491 | -474 |
Change in Inventory | -129 | 86 | -7 | -120 | -532 | -335 |
Change in Accounts Payable | 218 | 134 | 16 | 103 | 10 | 365 |
Change in Other Net Operating Assets | 42 | 19 | -46 | 51 | 3 | 94 |
Operating Cash Flow | 3,918 | 3,973 | 4,064 | 4,226 | 2,369 | 3,279 |
Operating Cash Flow Growth | -10.59% | -2.24% | -3.83% | 78.39% | -27.75% | 25.11% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -592 | -652 | -576 | -643 | -647 | -562 |
Sale of Property, Plant & Equipment | 49 | 47 | 31 | 22 | 16 | 15 |
Cash Acquisitions | -5,686 | -6,285 | -1,234 | -935 | -2,323 | -708 |
Divestitures | 341 | - | - | - | - | 161 |
Sale (Purchase) of Intangibles | -222 | -205 | -203 | -192 | -277 | -164 |
Other Investing Activities | 75 | 52 | 154 | -23 | -97 | -44 |
Investing Cash Flow | -6,035 | -7,043 | -1,828 | -1,771 | -3,328 | -1,302 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Short-Term Debt Issued | - | - | - | - | - | 1,889 |
Long-Term Debt Issued | - | 8,320 | 6,424 | 6,034 | 8,606 | 2,506 |
Total Debt Issued | 7,931 | 8,320 | 6,424 | 6,034 | 8,606 | 4,395 |
Short-Term Debt Repaid | - | -167 | -586 | -168 | -2,477 | - |
Long-Term Debt Repaid | - | -4,244 | -5,773 | -7,430 | -3,351 | -2,939 |
Total Debt Repaid | -5,468 | -4,411 | -6,359 | -7,598 | -5,828 | -2,939 |
Net Debt Issued (Repaid) | 2,463 | 3,909 | 65 | -1,564 | 2,778 | 1,456 |
Repurchase of Common Stock | - | -582 | -2,301 | -846 | -1,840 | -3,200 |
Other Financing Activities | -1 | -2 | -3 | -3 | -4 | -34 |
Financing Cash Flow | 2,462 | 3,325 | -2,239 | -2,413 | 934 | -1,778 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Foreign Exchange Rate Adjustments | 9 | -37 | -23 | -34 | -17 | 21 |
Net Cash Flow | 354 | 218 | -26 | 8 | -42 | 220 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | 3,326 | 3,321 | 3,488 | 3,583 | 1,722 | 2,717 |
Free Cash Flow Growth | -11.89% | -4.79% | -2.65% | 108.07% | -36.62% | 28.52% |
Free Cash Flow Margin | 13.50% | 14.46% | 15.56% | 16.59% | 8.74% | 15.17% |
Free Cash Flow Per Share | 15.76 | 15.72 | 16.06 | 16.06 | 7.62 | 11.57 |
Levered Free Cash Flow | 3,759 | 3,279 | 2,809 | 3,863 | 246.75 | 2,181 |
Unlevered Free Cash Flow | 4,098 | 3,625 | 3,217 | 4,195 | 366.13 | 2,249 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Cash Interest Paid | 770 | 738 | 884 | 707 | 359 | 245 |
Cash Income Tax Paid | 799 | 985 | 779 | 662 | 517 | 477 |
Change in Working Capital | -334 | -86 | -156 | -124 | -1,010 | -350 |