Tivoli A/S (CPH:TIV)
Denmark · Delayed Price · Currency is DKK 596.00
-4.00 (-0.67%)
Oct 30, 2026, 4:54 PM CET
Tivoli 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 | Sep '26 Sep 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 | 121.5 | 121.5 | 123.6 | 86.3 | 65.1 | -41.5 |
Depreciation & Amortization | 117.9 | 117.9 | 108.7 | 96.4 | 101 | 102.2 |
Other Amortization | - | - | - | 12.3 | 10.8 | 10.1 |
Asset Writedown & Restructuring Costs | - | - | - | 0.7 | 7.5 | 9.9 |
Other Operating Activities | -9.6 | 9.4 | -1.2 | 0.6 | -10 | 59.9 |
Change in Accounts Receivable | - | - | - | -17.7 | -29.6 | 54.8 |
Change in Inventory | - | - | - | -0.4 | -2 | - |
Change in Accounts Payable | - | - | - | 12.8 | 44 | -31.1 |
Change in Other Net Operating Assets | -1.6 | -6.9 | -16.3 | - | - | - |
Operating Cash Flow | 228.2 | 241.9 | 214.8 | 191 | 186.8 | 164.3 |
Operating Cash Flow Growth | 8.41% | 12.62% | 12.46% | 2.25% | 13.69% | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | -204.9 | -203.3 | -163.4 | -121.9 | -83.6 | -89.4 |
Investing Cash Flow | -204.9 | -203.3 | -163.4 | -121.9 | -83.6 | -89.4 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | - | - | - | - | - | 31.2 |
Total Debt Issued | 26.4 | - | - | - | - | 31.2 |
Short-Term Debt Repaid | - | - | - | -12.9 | -18.3 | -85.1 |
Long-Term Debt Repaid | - | -37.9 | -30.6 | -26.7 | -34.7 | -32.3 |
Lease Payments | -15.8 | -15.2 | -13.7 | -13.1 | -12 | -9.7 |
Total Debt Repaid | -21.6 | -37.9 | -30.6 | -39.6 | -53 | -117.4 |
Net Debt Issued (Repaid) | 4.8 | -37.9 | -30.6 | -39.6 | -53 | -86.2 |
Common Dividends Paid | -31.6 | -30.9 | -21.6 | -16.3 | - | - |
Other Financing Activities | - | - | - | -1.3 | - | - |
Financing Cash Flow | -26.8 | -68.8 | -52.2 | -57.2 | -53 | -86.2 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 Cash Flow | -3.5 | -30.2 | -0.8 | 11.9 | 50.2 | -11.3 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 23.3 | 38.6 | 51.4 | 69.1 | 103.2 | 74.9 |
Free Cash Flow Growth | - | -24.90% | -25.61% | -33.04% | 37.78% | - |
Free Cash Flow Margin | 1.67% | 2.87% | 3.89% | 5.69% | 9.13% | 10.41% |
Free Cash Flow Per Share | 4.00 | 6.77 | 8.98 | 12.09 | 18.05 | 13.10 |
Levered Free Cash Flow | -24.58 | 21.59 | 21.58 | 56.5 | 68.3 | 37.11 |
Unlevered Free Cash Flow | -19.39 | 26.46 | 26.7 | 61.94 | 74.93 | 44.55 |
Free Cash Flow After Leases | 7.5 | 23.4 | 37.7 | 56 | 91.2 | 65.2 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 7.8 | 7.8 | 8.2 | 8.7 | 10.6 | 11.9 |
Cash Income Tax Paid | 25.6 | 25.6 | 33.2 | 24.5 | 32.5 | -65.8 |
Change in Working Capital | -1.6 | -6.9 | -16.3 | -5.3 | 12.4 | 23.7 |