Københavns Lufthavne 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	1,215	1,215	1,016	264	191	-527
Depreciation & Amortization	847	847	909	946	913	915
Other Amortization	54	54	58	60	71	97
Other Operating Activities	137	198	-68	91	477	-615
Operating Cash Flow	2,253	2,314	1,915	1,361	1,652	-130
Operating Cash Flow Growth	12.03%	20.84%	40.71%	-17.61%	-	-
Capital Expenditures	-1,965	-1,810	-1,301	-1,238	-881	-571
Sale of Property, Plant & Equipment	2	3	2	3	4	3
Sale (Purchase) of Intangibles	-142	-153	-73	-102	-67	-10
Investment in Securities	-3	-3	-	-	-	-55
Investing Cash Flow	-2,108	-1,963	-1,372	-1,337	-944	-633
Short-Term Debt Issued	-	1,292	1,197	1,282	346	176
Long-Term Debt Issued	-	1,650	-	4,900	2,020	4,529
Total Debt Issued	2,860	2,942	1,197	6,182	2,366	4,705
Short-Term Debt Repaid	-	-2,698	-1,336	-5,899	-324	-160
Long-Term Debt Repaid	-	-346	-351	-286	-2,672	-3,746
Total Debt Repaid	-2,756	-3,044	-1,687	-6,185	-2,996	-3,906
Net Debt Issued (Repaid)	104	-102	-490	-3	-630	799
Common Dividends Paid	-200	-200	-	-76	-59	-
Other Financing Activities	-43	-43	-47	-	-	-
Financing Cash Flow	-139	-345	-537	-79	-689	799
Net Cash Flow	6	6	6	-55	19	36
Free Cash Flow	288	504	614	123	771	-701
Free Cash Flow Growth	-61.60%	-17.91%	399.19%	-84.05%	-	-
Free Cash Flow Margin	5.10%	9.13%	12.11%	3.03%	21.83%	-39.81%
Free Cash Flow Per Share	36.37	64.22	78.24	15.67	98.24	-89.32
Cash Interest Paid	339	339	342	389	169	169
Cash Income Tax Paid	221	221	83	-	1	-
Levered Free Cash Flow	68.63	329.88	347.88	215	381.13	-680.43
Unlevered Free Cash Flow	179.88	447.38	501.63	379.38	474.88	-592.3