CPH:NTG 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	212	297	374	482	349	125.9
Depreciation & Amortization	355	262	224	215	158	169.6
Loss (Gain) From Sale of Assets	-	-	-	-6	-	-
Asset Writedown & Restructuring Costs	-	-	-6	1	2	-
Stock-Based Compensation	-13	-11	-38	6	-40	1.3
Other Operating Activities	25	14	49	95	44	25.4
Change in Other Net Operating Assets	59	-191	-10	114	-51	141.1
Operating Cash Flow	638	371	593	907	462	463.3
Operating Cash Flow Growth	39.00%	-37.44%	-34.62%	96.32%	-0.28%	129.93%
Capital Expenditures	-44	-34	-25	-10	-12	-4.8
Sale of Property, Plant & Equipment	26	26	10	5	5	2.4
Cash Acquisitions	-1,173	-327	-3	-492	-152	-152.4
Sale (Purchase) of Intangibles	-	-	-	-	-	-0.5
Investment in Securities	7	7	11	-16	-8	-3.2
Investing Cash Flow	-1,184	-328	-7	-513	-167	-158.5
Long-Term Debt Issued	-	123	-	125	100	-
Long-Term Debt Repaid	-	-234	-228	-220	-375	-192.7
Net Debt Issued (Repaid)	612	-111	-228	-95	-275	-192.7
Repurchase of Common Stock	-	-	-301	-98	-113	-38.8
Other Financing Activities	-57	-111	-44	-38	-50	-17.3
Financing Cash Flow	555	-222	-573	-231	-438	-248.8
Foreign Exchange Rate Adjustments	-2	5	10	-9	6	-0.3
Net Cash Flow	7	-174	23	154	-137	55.7
Free Cash Flow	594	337	568	897	450	458.5
Free Cash Flow Growth	33.48%	-40.67%	-36.68%	99.33%	-1.85%	179.23%
Free Cash Flow Margin	5.36%	3.60%	6.81%	8.77%	6.16%	8.60%
Free Cash Flow Per Share	27.44	15.79	26.14	39.89	19.79	20.42
Cash Interest Paid	124	88	79	52	35	36
Cash Income Tax Paid	128	127	96	116	82	57.7
Levered Free Cash Flow	433.38	282.5	549.38	636.88	401.4	413.91
Unlevered Free Cash Flow	538.38	336.25	596.88	668.13	423.28	435.6
Change in Working Capital	59	-191	-10	114	-51	141.1

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