Norske Skog ASA Cash Flow Statement

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	404	-982	481	2,572	-363
Depreciation & Amortization	557	518	514	546	433
Loss (Gain) From Sale of Assets	-2	43	-57	-191	-16
Asset Writedown & Restructuring Costs	11	297	88	164	-22
Other Operating Activities	-1,031	482	373	-484	130
Change in Other Net Operating Assets	325	-52	583	-567	29
Operating Cash Flow	227	-15	1,928	2,040	191
Operating Cash Flow Growth	-	-	-5.49%	968.06%	-65.21%
Capital Expenditures	-982	-1,558	-3,084	-2,228	-1,021
Sale of Property, Plant & Equipment	11	3	69	28	17
Investment in Securities	83	-91	-	245	112
Other Investing Activities	560	448	326	-1	1
Investing Cash Flow	-328	-1,198	-2,689	-1,956	-891
Long-Term Debt Issued	528	1,981	1,366	1,354	1,202
Total Debt Issued	528	1,981	1,366	1,354	1,202
Long-Term Debt Repaid	-501	-2,086	-346	-321	-383
Total Debt Repaid	-501	-2,086	-346	-321	-383
Net Debt Issued (Repaid)	27	-105	1,020	1,033	819
Issuance of Common Stock	-	-	-	-	388
Repurchase of Common Stock	-	-	-415	-	-
Common Dividends Paid	-	-	-57	-	-
Other Financing Activities	-	-	1	-	-
Financing Cash Flow	27	-105	549	1,033	1,207
Foreign Exchange Rate Adjustments	-21	32	25	43	2
Miscellaneous Cash Flow Adjustments	-	-	-	1	-
Net Cash Flow	-95	-1,286	-187	1,161	509
Free Cash Flow	-755	-1,573	-1,156	-188	-830
Free Cash Flow Margin	-7.99%	-17.04%	-11.69%	-1.29%	-8.43%
Free Cash Flow Per Share	-8.90	-18.55	-13.63	-1.99	-8.91
Cash Interest Paid	229	230	211	122	107
Cash Income Tax Paid	9	-1	598	101	106
Levered Free Cash Flow	-327.38	-682.63	-1,610	-519.88	-529.75
Unlevered Free Cash Flow	-201.13	-550.13	-1,480	-438	-456.63
Change in Working Capital	325	-52	583	-567	29

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