Strategic Investments Cash Flow Statement

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2014 - 2018
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2014 - 2018
Net Income	-114.04	43.01	33.36	66.62	-0.34	24.11	Upgrade
Loss (Gain) From Sale of Investments	-2.39	-2.39	36.37	-	6.48	54.13	Upgrade
Other Operating Activities	-2.47	-3.02	2.81	-1.78	-0.41	2.4	Upgrade
Change in Accounts Receivable	-	-	-	-	-	4.05	Upgrade
Change in Other Net Operating Assets	-13.36	-13.36	-5.25	3.93	0.57	-4.11	Upgrade
Operating Cash Flow	-132.27	24.24	67.29	68.77	6.3	80.57	Upgrade
Operating Cash Flow Growth	-	-63.98%	-2.16%	990.96%	-92.18%	-	Upgrade
Investment in Securities	19.93	19.93	-67	-55.79	-37	-134.22	Upgrade
Other Investing Activities	38.36	-	-	-0	-0	-	Upgrade
Investing Cash Flow	58.29	19.93	-67	-55.79	-37.01	-134.22	Upgrade
Short-Term Debt Issued	-	-	7.91	-	32.94	68.14	Upgrade
Total Debt Issued	-	-	7.91	-	32.94	68.14	Upgrade
Short-Term Debt Repaid	-	-35.31	-	-16.87	-	-	Upgrade
Total Debt Repaid	-35.31	-35.31	-	-16.87	-	-	Upgrade
Net Debt Issued (Repaid)	-35.31	-35.31	7.91	-16.87	32.94	68.14	Upgrade
Issuance of Common Stock	75.62	75.62	-	-	-	-	Upgrade
Common Dividends Paid	-6.79	-6.79	-6.75	-6.75	-6.75	-	Upgrade
Other Financing Activities	10.9	0	-	-	-	-	Upgrade
Financing Cash Flow	30.83	19.93	1.16	-37.12	26.19	68.14	Upgrade
Miscellaneous Cash Flow Adjustments	-4.52	-0	-	0	0	-	Upgrade
Net Cash Flow	-47.67	64.09	1.45	-24.14	-4.52	14.49	Upgrade
Levered Free Cash Flow	-91.54	16.31	10.05	5.23	-3.41	23.83	Upgrade
Unlevered Free Cash Flow	-88.97	18.88	12.16	6.78	-1.6	24.37	Upgrade
Change in Net Working Capital	20.35	10.75	12.69	-2.11	3.57	-7.27	Upgrade

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