Ørsted A/S (CPH:ORSTED)
Denmark · Delayed Price · Currency is DKK 137.10
+2.10 (1.56%)
Sep 4, 2026, 4:59 PM CET
Ørsted Cash Flow Statement
Financials in millions DKK. Fiscal year is January - December.
Millions DKK. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 | -2,409 | 2,440 | -206 | -20,506 | 15,126 | 10,962 |
Depreciation & Amortization | 10,309 | 10,195 | 10,225 | 9,795 | 9,754 | 7,972 |
Loss (Gain) on Sale of Assets | 4,096 | 964 | -349 | -5,745 | -10,885 | -7,920 |
Asset Writedown | 6,422 | 3,633 | 15,563 | 26,775 | 2,529 | 129 |
Change in Accounts Receivable | 2,873 | 9,908 | 8,296 | 1,983 | -4,178 | -809 |
Change in Inventory | -2,607 | -6 | -4,680 | 3,656 | 1,419 | -555 |
Change in Accounts Payable | 2,181 | -1,160 | 2,821 | -5,309 | 3,886 | 5,140 |
Change in Other Net Operating Assets | 3,099 | -1,778 | -352 | 3,548 | 2,351 | -3,686 |
Other Operating Activities | 1,081 | -455 | -12,962 | 14,335 | -8,078 | 915 |
Operating Cash Flow | 25,045 | 23,741 | 18,356 | 28,532 | 11,924 | 12,148 |
Operating Cash Flow Growth | 51.91% | 29.34% | -35.66% | 139.28% | -1.84% | -30.31% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -48,383 | -54,776 | -42,654 | -38,203 | -33,004 | -34,569 |
Sale of Property, Plant & Equipment | 6,169 | 12,278 | 4,471 | 8,189 | 24,052 | 20,946 |
Cash Acquisitions | - | - | - | - | -3,406 | -2,431 |
Divestitures | 8,551 | 8 | 942 | -3 | 99 | -147 |
Investment in Securities | -47,367 | -24,083 | 15,589 | -4,721 | -5,672 | 3,528 |
Other Investing Activities | 146 | 102 | -107 | 6 | 19 | 82 |
Investing Cash Flow | -80,884 | -66,471 | -21,759 | -34,732 | -17,912 | -12,591 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Long-Term Debt Issued | - | 19,550 | 9,990 | 17,584 | 37,090 | 14,582 |
Long-Term Debt Repaid | - | -5,704 | -4,143 | -2,292 | -22,064 | -4,955 |
Lease Payments | -1,344 | -1,207 | -736 | -712 | -582 | -520 |
Net Debt Issued (Repaid) | 8,502 | 13,846 | 5,847 | 15,292 | 15,026 | 9,627 |
Issuance of Common Stock | 59,994 | 59,994 | 5,520 | - | 3,693 | 7,327 |
Repurchase of Common Stock | - | - | -3,707 | -699 | -1,945 | -2,971 |
Common Dividends Paid | -709 | -713 | -687 | -6,219 | -5,781 | -5,260 |
Other Financing Activities | -3,298 | 682 | 8,870 | -8,109 | 2,792 | -5,331 |
Financing Cash Flow | 64,489 | 73,809 | 15,843 | 265 | 13,785 | 3,392 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Foreign Exchange Rate Adjustments | -24 | -755 | 540 | -96 | -236 | 455 |
Net Cash Flow | 8,626 | 30,324 | 12,980 | -6,031 | 7,561 | 3,404 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | -23,338 | -31,035 | -24,298 | -9,671 | -21,080 | -22,421 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -27.89% | -42.37% | -34.21% | -12.20% | -18.42% | -28.87% |
Free Cash Flow Per Share | -17.48 | -35.02 | -32.11 | -23.00 | -50.14 | -53.34 |
Levered Free Cash Flow | -20,697 | -30,795 | -33,449 | 2,110 | -6,187 | -27,844 |
Unlevered Free Cash Flow | -18,563 | -28,223 | -30,889 | 4,784 | -4,292 | -26,693 |
Free Cash Flow After Leases | -24,682 | -32,242 | -25,034 | -10,383 | -21,662 | -22,941 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Cash Interest Paid | 7,035 | 9,075 | 7,294 | 6,894 | 8,548 | 3,985 |
Cash Income Tax Paid | 5,874 | 4,899 | 6,327 | 2,717 | 1,263 | 1,380 |
Change in Working Capital | 5,546 | 6,964 | 6,085 | 3,878 | 3,478 | 90 |