Lån & Spar Bank Cash Flow Statement

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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	413.29	462.57	473.02	203.03	202.48	153.17
Depreciation & Amortization	47.13	33.25	32.31	31.08	29.07	28.5
Other Amortization	37.7	37.7	47.78	41.75	35.45	21.36
Gain (Loss) on Sale of Assets	0.15	0.15	0	-0.69	-0.28	-
Total Asset Writedown	0.15	0.15	10.48	-0.22	10.62	12.78
Change in Trading Asset Securities	516.5	516.5	-374.15	654.44	3,035	-2,727
Change in Other Net Operating Assets	-2,303	-891.15	-3,101	-221.88	-194.62	-321.98
Other Operating Activities	-47.38	-2.57	28.2	-67.25	3.06	28.11
Operating Cash Flow	-1,343	148.8	-2,890	633.97	3,112	-2,812
Operating Cash Flow Growth	-	-	-	-79.63%	-	-
Capital Expenditures	-12.59	-16.87	-9.68	-13.21	-8.11	-14.35
Sale of Property, Plant and Equipment	0.41	0.17	0	1.54	0.5	-
Income (Loss) Equity Investments	-7.79	-7.79	-6.53	-6.3	-8.29	-6.62
Purchase / Sale of Intangibles	-42.06	-46.96	-45.08	-41.9	-53.28	-62.9
Other Investing Activities	6	6	6	8	6	6
Investing Cash Flow	-48.23	-57.65	-48.75	-45.57	-54.89	-71.25
Short-Term Debt Issued	-	-	100	-	-	-
Long-Term Debt Issued	-	249.38	349.48	250	200	-
Total Debt Issued	249.38	249.38	449.48	250	200	-
Short-Term Debt Repaid	-	-	-100	-	-	-
Long-Term Debt Repaid	-	-20.65	-119.45	-18.2	-17.47	-16.58
Total Debt Repaid	-21.57	-20.65	-219.45	-18.2	-17.47	-16.58
Net Debt Issued (Repaid)	227.8	228.73	230.02	231.8	182.53	-16.58
Issuance of Common Stock	33.42	41.39	20.65	29.77	12.32	109.69
Repurchase of Common Stock	-38.84	-32.92	-22.62	-32.75	-9.62	-107.38
Common Dividends Paid	-69.31	-69.04	-34.55	-34.6	-27.65	-34.59
Net Increase (Decrease) in Deposit Accounts	2,353	2,353	2,391	1,854	20.33	2,492
Financing Cash Flow	2,506	2,521	2,585	2,048	177.91	2,443
Net Cash Flow	1,114	2,612	-354.01	2,636	3,235	-440.32
Free Cash Flow	-1,356	131.94	-2,900	620.76	3,104	-2,826
Free Cash Flow Growth	-	-	-	-80.00%	-	-
Free Cash Flow Margin	-87.00%	8.46%	-196.56%	61.01%	316.11%	-329.74%
Free Cash Flow Per Share	-391.89	38.15	-839.73	179.57	897.86	-818.72
Cash Income Tax Paid	181.75	161.38	128.92	116.01	50.56	15.32

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.