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
Other Adjustments	-339	-350	-352	-400	-181	-182
Changes in Income Taxes Payable	-324	-221	-83	-	-1	0
Changes in Other Operating Activities	2,916	2,885	2,350	1,761	1,834	52
Operating Cash Flow	2,253	2,314	1,915	1,361	1,652	-130
Operating Cash Flow Growth	11.98%	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
Purchases of Intangible Assets	-143	-153	-73	-102	-67	-10
Other Investing Activities	-3	-3	-	-	-	-55
Investing Cash Flow	-2,109	-1,963	-1,372	-1,337	-944	-633
Short-Term Debt Issued	1,210	1,292	1,197	1,282	346	176
Short-Term Debt Repaid	-2,409	-2,698	-1,336	-5,899	-324	-160
Net Short-Term Debt Issued (Repaid)	-1,199	-1,406	-139	-4,617	22	16
Long-Term Debt Issued	-	1,650	-	4,900	2,020	4,529
Long-Term Debt Repaid	-346	-346	-351	-286	-2,672	-3,746
Net Long-Term Debt Issued (Repaid)	-346	1,304	-351	4,614	-652	783
Common Dividends Paid	-200	-200	-	-76	-59	-
Other Financing Activities	-43	-43	-47	-	-	-
Financing Cash Flow	-138	-345	-537	-79	-689	799
Net Cash Flow	24	6	6	-55	19	36
Free Cash Flow	288	504	614	123	771	-701
Free Cash Flow Growth	-61.96%	-17.91%	399.19%	-84.05%	-	-
FCF Margin	5.10%	9.13%	12.11%	3.03%	21.83%	-39.81%
Free Cash Flow Per Share	37.34	64.22	78.24	15.67	98.24	-89.32
Levered Free Cash Flow	370	1,967	1,492	784	513	-247
Unlevered Free Cash Flow	2,095	2,261	2,216	1,011	1,285	-911.8