FLSmidth & Co. Cash Flow Statement

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

Millions DKK. 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	635	1,018	497	370	358	210
Depreciation & Amortization	441	454	499	560	551	580
Other Amortization	65	65	62	121	125	98
Loss (Gain) From Sale of Assets	14	51	-85	4	-56	-48
Asset Writedown & Restructuring Costs	-	-	-	-	-	4
Other Operating Activities	654	-285	-241	-271	-239	-177
Change in Accounts Receivable	409	409	431	92	-547	1,241
Change in Inventory	-149	-149	310	-680	10	143
Change in Accounts Payable	-475	-475	-208	379	216	-1,051
Change in Unearned Revenue	-61	-61	-810	183	1,183	-407
Change in Other Net Operating Assets	-99	-387	339	220	-133	843
Operating Cash Flow	1,614	640	623	968	1,449	1,421
Operating Cash Flow Growth	69.89%	2.73%	-35.64%	-33.20%	1.97%	49.90%
Capital Expenditures	-441	-384	-176	-88	-116	-171
Sale of Property, Plant & Equipment	78	67	71	159	39	3
Cash Acquisitions	-39	-107	-118	-2,120	-11	-99
Divestitures	-9	232	283	1	2	62
Sale (Purchase) of Intangibles	-256	-312	-323	-245	-179	-178
Investment in Securities	-3	-4	6	-17	-8	-
Other Investing Activities	-	-	-	-	-	7
Investing Cash Flow	-670	-508	-257	-2,310	-273	-376
Long-Term Debt Issued	-	-	-	1,906	-	-
Long-Term Debt Repaid	-	-163	-882	-134	-1,655	-942
Net Debt Issued (Repaid)	-387	-163	-882	1,772	-1,655	-942
Issuance of Common Stock	-	-	-	-	1,477	-
Repurchase of Common Stock	-528	-20	-1	-	-	-
Common Dividends Paid	-459	-228	-170	-170	-101	-14
Other Financing Activities	-2	-2	-13	-6	3	-
Financing Cash Flow	-1,376	-413	-1,066	1,596	-276	-956
Foreign Exchange Rate Adjustments	-47	-1	-78	-59	59	-114
Net Cash Flow	-479	-282	-778	195	959	-25
Free Cash Flow	1,173	256	447	880	1,333	1,250
Free Cash Flow Growth	81.86%	-42.73%	-49.20%	-33.98%	6.64%	62.13%
Free Cash Flow Margin	6.10%	1.27%	1.85%	4.03%	7.58%	7.60%
Free Cash Flow Per Share	20.49	4.46	7.82	15.47	25.59	24.92
Cash Interest Paid	164	164	164	86	93	-
Cash Income Tax Paid	756	876	850	471	537	368
Levered Free Cash Flow	938.5	40.13	1,546	1,110	1,279	1,469
Unlevered Free Cash Flow	1,002	140.75	1,646	1,163	1,332	1,519
Change in Working Capital	-375	-663	62	194	729	769

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