GN Store Nord Cash Flow Statement

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
Net Income	653	988	228	511	1,756
Depreciation & Amortization	523	536	659	812	492
Other Amortization	726	733	749	668	631
Loss (Gain) From Sale of Assets	-9	-63	-66	-9	-11
Asset Writedown & Restructuring Costs	87	110	321	54	69
Stock-Based Compensation	-41	-36	18	111	50
Provision & Write-off of Bad Debts	62	-20	80	40	-29
Other Operating Activities	512	301	211	-267	-136
Change in Accounts Receivable	123	-163	-490	-393	-610
Change in Inventory	263	85	756	-1,032	-137
Change in Accounts Payable	-223	254	172	132	37
Operating Cash Flow	2,676	2,725	2,638	627	2,112
Operating Cash Flow Growth	-1.80%	3.30%	320.73%	-70.31%	-34.12%
Capital Expenditures	-168	-120	-93	-209	-457
Sale of Property, Plant & Equipment	-	-	17	5	4
Cash Acquisitions	-27	-35	-36	-7,257	-354
Divestitures	-	135	441	-	-
Sale (Purchase) of Intangibles	-1,371	-1,284	-1,339	-1,459	-1,067
Other Investing Activities	-25	-240	-131	-255	110
Investing Cash Flow	-1,591	-1,544	-1,141	-9,175	-1,764
Short-Term Debt Issued	-	-	-	1,725	417
Long-Term Debt Issued	7,695	-	254	1,835	5,134
Total Debt Issued	7,695	-	254	3,560	5,551
Long-Term Debt Repaid	-8,201	-2,591	-3,273	-	-139
Total Debt Repaid	-8,201	-2,591	-3,273	-	-139
Net Debt Issued (Repaid)	-506	-2,591	-3,019	3,560	5,412
Issuance of Common Stock	-	-	2,668	22	159
Repurchase of Common Stock	-	-	-	-	-1,166
Common Dividends Paid	-	-	-	-198	-188
Other Financing Activities	-380	226	39	-40	-30
Financing Cash Flow	-886	-2,365	-312	3,344	4,187
Foreign Exchange Rate Adjustments	-60	2	-13	-14	16
Net Cash Flow	139	-1,182	1,172	-5,218	4,551
Free Cash Flow	2,508	2,605	2,545	418	1,655
Free Cash Flow Growth	-3.72%	2.36%	508.85%	-74.74%	-44.56%
Free Cash Flow Margin	14.95%	14.48%	14.04%	2.24%	10.49%
Free Cash Flow Per Share	17.21	17.88	18.31	3.26	12.71
Cash Interest Paid	522	434	428	744	320
Cash Income Tax Paid	127	235	175	185	571
Levered Free Cash Flow	648.75	629.63	1,262	-831.63	86.38
Unlevered Free Cash Flow	896.25	866.5	1,466	-594.13	143.25
Change in Working Capital	163	176	438	-1,293	-710

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