FLSmidth & Co. Balance Sheet

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

Millions DKK. 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
Cash & Equivalents	594	1,070	1,352	2,130	1,935
Short-Term Investments	51	51	56	107	30
Cash & Short-Term Investments	645	1,121	1,408	2,237	1,965
Cash Growth	-42.46%	-20.38%	-37.06%	13.84%	95.13%
Accounts Receivable	4,975	7,082	7,285	8,255	6,470
Other Receivables	1,017	1,209	1,131	1,305	986
Receivables	5,992	8,291	8,416	9,560	7,456
Inventory	3,435	3,572	3,450	3,971	2,464
Prepaid Expenses	433	351	423	874	871
Other Current Assets	77	53	37	54	31
Total Current Assets	10,582	13,388	13,734	16,696	12,787
Property, Plant & Equipment	2,319	2,471	2,389	2,647	2,308
Long-Term Investments	95	92	137	216	211
Goodwill	6,293	6,559	6,448	6,433	4,364
Other Intangible Assets	1,534	2,067	1,989	1,932	1,893
Long-Term Deferred Tax Assets	1,265	2,358	2,314	1,921	1,490
Total Assets	22,088	26,935	27,011	29,845	23,053
Accounts Payable	2,585	3,538	4,024	4,339	3,367
Accrued Expenses	-	3	2	2	2
Current Portion of Long-Term Debt	113	47	54	615	17
Current Portion of Leases	66	85	101	117	104
Current Income Taxes Payable	128	193	277	346	193
Current Unearned Revenue	2,827	4,271	4,620	5,785	4,276
Other Current Liabilities	2,935	3,658	3,609	3,349	2,100
Total Current Liabilities	8,654	11,795	12,687	14,553	10,059
Long-Term Debt	2,208	1,508	1,633	1,929	726
Long-Term Leases	184	133	132	206	200
Long-Term Unearned Revenue	316	303	338	578	587
Pension & Post-Retirement Benefits	305	322	363	414	320
Long-Term Deferred Tax Liabilities	149	220	207	294	169
Other Long-Term Liabilities	772	873	823	1,084	624
Total Liabilities	12,588	15,154	16,183	19,058	12,685
Common Stock	1,153	1,153	1,153	1,153	1,153
Retained Earnings	10,018	11,459	10,615	10,247	9,937
Comprehensive Income & Other	-1,659	-811	-911	-587	-719
Total Common Equity	9,512	11,801	10,857	10,813	10,371
Minority Interest	-12	-20	-29	-26	-3
Shareholders' Equity	9,500	11,781	10,828	10,787	10,368
Total Liabilities & Equity	22,088	26,935	27,011	29,845	23,053
Total Debt	2,571	1,773	1,920	2,867	1,047
Net Cash (Debt)	-1,926	-652	-512	-630	918
Net Cash Per Share	-34.03	-11.37	-8.96	-11.08	17.63
Filing Date Shares Outstanding	54.68	51.25	56.74	56.74	56.73
Total Common Shares Outstanding	54.68	56.84	56.74	56.74	56.73
Working Capital	1,928	1,593	1,047	2,143	2,728
Book Value Per Share	173.97	207.63	191.36	190.58	182.83
Tangible Book Value	1,685	3,175	2,420	2,448	4,114
Tangible Book Value Per Share	30.82	55.86	42.65	43.15	72.52
Land	1,985	2,415	2,469	2,595	2,529
Machinery	1,752	2,143	2,340	2,573	2,547
Construction In Progress	299	352	104	40	21
Order Backlog	10,893	11,358	17,593	23,541	16,592

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