Solar A/S (CPH:SOLAR.B)
Denmark · Delayed Price · Currency is DKK 205.50
-2.50 (-1.20%)
Aug 26, 2026, 4:59 PM CET
Solar 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 | 33 | 74 | 151 | 347 | 660 | 531 |
Depreciation & Amortization | 279 | 267 | 253 | 230 | 201 | 185 |
Other Amortization | 79 | 79 | 65 | 61 | 65 | 54 |
Asset Writedown & Restructuring Costs | - | - | 50 | 22 | - | - |
Loss (Gain) From Sale of Investments | - | - | - | - | - | 23 |
Loss (Gain) on Equity Investments | - | - | 1 | - | 1 | 2 |
Other Operating Activities | -91 | -64 | -127 | 2 | 47 | 19 |
Change in Accounts Receivable | -256 | 143 | -64 | 182 | -394 | -229 |
Change in Inventory | -220 | 117 | 113 | 230 | -433 | -319 |
Change in Other Net Operating Assets | 230 | -206 | 96 | -219 | -131 | 517 |
Operating Cash Flow | 54 | 410 | 538 | 855 | 16 | 783 |
Operating Cash Flow Growth | -77.96% | -23.79% | -37.08% | 5243.75% | -97.96% | -3.69% |
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 | -324 | -420 | -162 | -170 | -167 | -143 |
Sale of Property, Plant & Equipment | 131 | 206 | 61 | 1 | - | 18 |
Cash Acquisitions | -309 | -311 | -10 | -133 | -24 | - |
Sale (Purchase) of Intangibles | -143 | -126 | -154 | -102 | -59 | -58 |
Investment in Securities | - | - | - | -1 | 1 | -8 |
Investing Cash Flow | -645 | -651 | -265 | -405 | -249 | -191 |
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 |
Short-Term Debt Issued | - | - | 11 | 149 | 519 | - |
Long-Term Debt Issued | - | 250 | 100 | 150 | 185 | - |
Total Debt Issued | 600 | 250 | 111 | 299 | 704 | - |
Short-Term Debt Repaid | - | -78 | - | - | - | -9 |
Long-Term Debt Repaid | - | -267 | -146 | -145 | -128 | -194 |
Total Debt Repaid | -257 | -345 | -146 | -145 | -128 | -203 |
Net Debt Issued (Repaid) | 343 | -95 | -35 | 154 | 576 | -203 |
Issuance of Common Stock | 120 | 120 | - | - | - | 2 |
Common Dividends Paid | - | -110 | -219 | -329 | -329 | -204 |
Other Financing Activities | - | - | -1 | - | - | - |
Financing Cash Flow | 463 | -85 | -255 | -175 | -82 | -515 |
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 | 2 | - | - | - | - | - |
Net Cash Flow | -126 | -326 | 18 | 275 | -315 | 77 |
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 | -270 | -10 | 376 | 685 | -151 | 640 |
Free Cash Flow Growth | - | - | -45.11% | - | - | -17.95% |
Free Cash Flow Margin | -2.13% | -0.08% | 3.08% | 5.26% | -1.09% | 5.18% |
Free Cash Flow Per Share | -34.90 | -1.35 | 51.29 | 93.46 | -20.60 | 87.38 |
Levered Free Cash Flow | -420 | -74.63 | 160.75 | 497 | -346.5 | 379.88 |
Unlevered Free Cash Flow | -349.38 | -14 | 232 | 563.25 | -325.88 | 396.75 |
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 | 113 | 97 | 114 | 106 | 33 | 50 |
Cash Income Tax Paid | 5 | 18 | 69 | 138 | 155 | 81 |
Change in Working Capital | -246 | 54 | 145 | 193 | -958 | -31 |