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 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	407.27	411.33	462.57	473.02	203.03	202.48
Depreciation & Amortization	32.35	34.12	32.82	32.31	31.08	29.07
Other Amortization	46	46	37.7	47.78	41.75	35.45
Gain (Loss) on Sale of Assets	-0.34	-0.34	0.15	0	-0.69	-0.28
Total Asset Writedown	7.41	7.41	0.58	10.48	-0.22	10.62
Change in Trading Asset Securities	-4,021	-4,021	516.5	-374.15	654.44	3,035
Change in Other Net Operating Assets	-1,774	-1,121	-891.15	-3,101	-221.88	-194.62
Other Operating Activities	-16.98	-0.22	-2.57	28.2	-67.25	3.06
Operating Cash Flow	-5,330	-4,654	148.8	-2,890	633.97	3,112
Operating Cash Flow Growth	-	-	-	-	-79.63%	-
Capital Expenditures	-7.16	-8.83	-16.87	-9.68	-13.21	-8.11
Sale of Property, Plant and Equipment	0.35	0.37	0.17	0	1.54	0.5
Income (Loss) Equity Investments	-10.23	-10.23	-7.79	-6.53	-6.3	-8.29
Purchase / Sale of Intangibles	-38.75	-43.03	-46.96	-45.08	-41.9	-53.28
Other Investing Activities	6	6	6	6	8	6
Investing Cash Flow	-35.56	-45.49	-57.65	-48.75	-45.57	-54.89
Short-Term Debt Issued	-	-	-	100	-	-
Long-Term Debt Issued	-	299.64	249.38	349.48	250	200
Total Debt Issued	299.64	299.64	249.38	449.48	250	200
Short-Term Debt Repaid	-	-	-	-100	-	-
Long-Term Debt Repaid	-	-221.54	-20.65	-119.45	-18.2	-17.47
Total Debt Repaid	-221.72	-221.54	-20.65	-219.45	-18.2	-17.47
Net Debt Issued (Repaid)	77.92	78.1	228.73	230.02	231.8	182.53
Issuance of Common Stock	67.81	42.14	41.39	20.65	29.77	12.32
Repurchase of Common Stock	-75.4	-48.81	-32.92	-22.62	-32.75	-9.62
Common Dividends Paid	-69.15	-69.31	-69.04	-34.55	-34.6	-27.65
Net Increase (Decrease) in Deposit Accounts	4,093	4,093	2,353	2,391	1,854	20.33
Financing Cash Flow	4,094	4,095	2,521	2,585	2,048	177.91
Net Cash Flow	-1,271	-604.65	2,612	-354.01	2,636	3,235
Free Cash Flow	-5,337	-4,663	131.94	-2,900	620.76	3,104
Free Cash Flow Growth	-	-	-	-	-80.00%	-
Free Cash Flow Margin	-336.02%	-295.98%	8.46%	-196.56%	61.01%	316.11%
Free Cash Flow Per Share	-1543.07	-1347.24	38.15	-839.73	179.57	897.86
Cash Income Tax Paid	129.45	129.45	161.38	128.92	116.01	50.56

Source: S&P Global Market Intelligence. Banks template. Financial Sources.