Gubra Cash Flow Statement

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-36.5	-44.52	4.31	67.94	12.69
Depreciation & Amortization	12.48	7.98	5.95	9.76	9.37
Other Amortization	2.86	1.97	0.94	0.35	0.02
Loss (Gain) From Sale of Assets	-	-	-22.47	-	-
Asset Writedown & Restructuring Costs	0.42	-1.66	-	-	-
Stock-Based Compensation	4.12	9.39	34.22	12.73	6.11
Other Operating Activities	1.7	-9.54	-7.4	1.16	0.08
Change in Accounts Receivable	21.24	-16.82	47.88	-42.71	2.23
Change in Inventory	-7.07	-0.85	1.63	0.68	-2.87
Change in Accounts Payable	4.77	0.81	5.22	0.82	0.89
Change in Unearned Revenue	-13.66	9.66	-41.73	53.5	-5.36
Change in Other Net Operating Assets	14.67	-5.85	-4.21	-15.73	9.83
Operating Cash Flow	5.02	-49.42	24.34	88.51	32.99
Operating Cash Flow Growth	-	-	-72.50%	168.33%	-
Capital Expenditures	-25.69	-5.84	-9.54	-27.17	-7.2
Sale of Property, Plant & Equipment	-	-	29.95	-	-
Cash Acquisitions	-	-5	-	-	-
Sale (Purchase) of Intangibles	-6.43	-5.36	-4.61	-	-
Investment in Securities	121.49	-400.51	-	-	-
Other Investing Activities	-1.45	65.32	28.26	-0.01	-
Investing Cash Flow	87.92	-351.39	44.05	-27.18	-7.2
Long-Term Debt Issued	-	-	-	-	7.2
Long-Term Debt Repaid	-10.01	-5.06	-40.73	-6.02	-6.3
Net Debt Issued (Repaid)	-10.01	-5.06	-40.73	-6.02	0.91
Issuance of Common Stock	-	500	-	-	-
Repurchase of Common Stock	-0.61	-2.8	-5.51	-	-
Common Dividends Paid	-	-68.32	-66.01	-6.63	-
Other Financing Activities	-	-41.03	-	-	-
Financing Cash Flow	-10.62	382.79	-112.25	-12.65	0.91
Foreign Exchange Rate Adjustments	-1.32	-0.51	-	-	-
Net Cash Flow	81.01	-18.53	-43.86	48.69	26.69
Free Cash Flow	-20.67	-55.26	14.8	61.34	25.79
Free Cash Flow Growth	-	-	-75.88%	137.86%	-
Free Cash Flow Margin	-7.78%	-26.96%	7.42%	24.02%	14.97%
Free Cash Flow Per Share	-1.27	-3.64	1.26	467.27	198.25
Cash Interest Paid	0.41	5.09	1.4	1.94	2.24
Cash Income Tax Paid	-6.53	8.21	0.14	18	0.91
Levered Free Cash Flow	-28.51	-1.21	-33.78	51.54	-
Unlevered Free Cash Flow	-24.39	1.84	-32.83	52.59	-
Change in Net Working Capital	-17.05	-23.49	41.39	-0.77	-

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.