Zalaris ASA Cash Flow Statement

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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	75.71	33.76	-2.12	-37.12	12.81	-8.99
Depreciation & Amortization	49.08	45.18	41.67	35.3	32.51	35.14
Other Amortization	80	67.46	50.43	47.19	46.86	49.38
Asset Writedown & Restructuring Costs	-	-	-0	-	-0	-0
Stock-Based Compensation	10.03	13.08	11.58	8.71	5.68	2.85
Other Operating Activities	-32.1	-33.83	0.11	0.07	-46.17	-5.44
Change in Accounts Receivable	-34.01	-29.17	-70.98	-50.32	12.46	-0.04
Change in Accounts Payable	-13.76	4.58	-7.25	27.15	-3.53	-8.66
Change in Other Net Operating Assets	16.83	30.42	35.1	-10.02	-27.58	28
Operating Cash Flow	151.77	131.47	58.55	0.42	33.04	92.25
Operating Cash Flow Growth	28.36%	124.55%	13773.93%	-98.72%	-64.19%	117.03%
Capital Expenditures	-15.86	-27.45	-4.33	-5.68	-20.63	-0.76
Sale of Property, Plant & Equipment	-	41.9	-	-	-	-
Cash Acquisitions	-	-	-	-11.32	-43.32	-
Sale (Purchase) of Intangibles	-	-	-29.54	-22.16	-	-13.6
Other Investing Activities	-	-	-	-	-	0.01
Investing Cash Flow	-15.86	14.45	-33.87	-39.16	-63.95	-14.35
Long-Term Debt Issued	-	-	440.8	-	-	-
Total Debt Issued	-	-	440.8	-	-	-
Long-Term Debt Repaid	-	-43.6	-423.34	-20.79	-17.69	-39
Total Debt Repaid	-35.27	-43.6	-423.34	-20.79	-17.69	-39
Net Debt Issued (Repaid)	-35.27	-43.6	17.46	-20.79	-17.69	-39
Issuance of Common Stock	0	0	0.88	-	122.74	0
Repurchase of Common Stock	-	-0.01	-	-17.77	-0.98	-
Common Dividends Paid	-19.56	-	-	-7.56	-19.64	-
Other Financing Activities	-32.01	-13.28	0.29	2.2	0	-
Financing Cash Flow	-86.84	-56.89	18.63	-43.91	84.44	-39
Foreign Exchange Rate Adjustments	-6.03	-3.25	-0.8	-0.12	-2.15	3.48
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	0
Net Cash Flow	43.04	85.78	42.52	-82.77	51.38	42.4
Free Cash Flow	135.91	104.02	54.22	-5.26	12.41	91.5
Free Cash Flow Growth	29.44%	91.84%	-	-	-86.44%	127.89%
Free Cash Flow Margin	9.24%	7.73%	4.78%	-0.59%	1.60%	11.55%
Free Cash Flow Per Share	6.02	4.32	2.21	-0.24	0.55	4.67
Cash Interest Paid	37.64	43.22	38.32	20.25	19.54	24.86
Cash Income Tax Paid	11.58	7.9	11.45	14.36	-	2.43
Levered Free Cash Flow	180.52	129.3	57.05	24.72	63.56	109.63
Unlevered Free Cash Flow	206.96	158.81	82.67	37.69	71.72	125.04
Change in Working Capital	-30.95	5.82	-43.12	-33.19	-18.64	19.31

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