Papirfabrikken Invest Cash Flow Statement

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	144.03	32.82	82.91	10.56	22.54
Depreciation & Amortization	2.56	13.26	10.67	9.55	9.52
Other Amortization	-	-	0.12	0.35	0.2
Other Operating Activities	-136.66	-39.38	-55.08	-9.67	-25.53
Change in Accounts Receivable	-53.42	-1.95	-22.16	9.24	-4.13
Change in Inventory	-0.01	-0.06	-0.05	0.1	0.09
Change in Other Net Operating Assets	2.7	-5.2	1.22	-9.56	8.19
Operating Cash Flow	-63.55	-0.52	17.63	10.57	10.88
Operating Cash Flow Growth	-	-	66.85%	-2.87%	-
Capital Expenditures	-7.45	-5.57	-9.87	-1.52	-1.28
Sale of Property, Plant & Equipment	0.64	1.31	-	0.19	0.92
Sale (Purchase) of Intangibles	-	-4.69	-6.38	-2.65	-4.16
Sale (Purchase) of Real Estate	-46.78	-10.68	-17.32	-4.13	-2.16
Investment in Securities	155.52	-	-	0.04	0.04
Other Investing Activities	43.65	41.68	44.09	8.35	27.48
Investing Cash Flow	145.58	22.05	10.53	0.27	20.83
Long-Term Debt Issued	21.66	0.45	144.3	-	-
Total Debt Issued	21.66	0.45	144.3	-	-
Long-Term Debt Repaid	-3.76	-3.64	-124.47	-11.26	-30.32
Total Debt Repaid	-3.76	-3.64	-124.47	-11.26	-30.32
Net Debt Issued (Repaid)	17.9	-3.19	19.83	-11.26	-30.32
Issuance of Common Stock	-	-	-	0.35	-
Other Financing Activities	-4.41	-	-	-	-
Financing Cash Flow	13.49	-3.19	19.83	-10.91	-30.32
Net Cash Flow	95.53	18.34	47.99	-0.07	1.39
Free Cash Flow	-71	-6.09	7.76	9.05	9.6
Free Cash Flow Growth	-	-	-14.26%	-5.70%	-
Free Cash Flow Margin	-94.35%	-4.36%	4.50%	9.56%	11.00%
Free Cash Flow Per Share	-	-0.61	0.78	0.91	0.97
Cash Interest Paid	-	14.17	8.77	6.19	8.55
Cash Income Tax Paid	-	8.21	9.5	0.41	-
Levered Free Cash Flow	-34.49	21.7	26.2	7.14	22.5
Unlevered Free Cash Flow	-24.82	30.37	33.62	11.01	27.84
Change in Working Capital	-50.73	-7.21	-20.99	-0.22	4.15

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