Norconsult 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	705	496	516	454	342	297.86
Depreciation & Amortization	519	484	455	399	359	235.26
Loss (Gain) From Sale of Assets	1	1	3	-7	-4	0.1
Asset Writedown & Restructuring Costs	5	5	4	5	-	-
Other Operating Activities	243	134	16	119	135	-1.56
Change in Accounts Receivable	98	98	-308	-194	-27	14.03
Change in Inventory	-	-	-	-	-	36.32
Change in Other Net Operating Assets	-394	279	236	165	114	134.89
Operating Cash Flow	1,177	1,497	922	941	919	716.91
Operating Cash Flow Growth	12.10%	62.36%	-2.02%	2.39%	28.19%	43.98%
Capital Expenditures	-109	-81	-59	-69	-50	-53.09
Sale of Property, Plant & Equipment	2	1	1	12	8	0.92
Cash Acquisitions	-1,146	-59	-113	-206	-143	-6.96
Sale (Purchase) of Intangibles	-37	-33	-23	-30	-19	-9.24
Investment in Securities	147	-	-	-	-	-250
Other Investing Activities	44	34	29	11	6	2.39
Investing Cash Flow	-1,099	-138	-165	-282	-198	-312.39
Long-Term Debt Repaid	-	-389	-365	-312	-274	-1.52
Net Debt Issued (Repaid)	489	-389	-365	-312	-274	-1.52
Issuance of Common Stock	81	54	80	61	11	60.56
Repurchase of Common Stock	-	-	-	-97	-94	-25.01
Common Dividends Paid	-512	-343	-869	-254	-245	-199.88
Other Financing Activities	-58	-50	-43	-64	-34	0
Financing Cash Flow	-	-728	-1,197	-666	-636	-165.84
Foreign Exchange Rate Adjustments	1	14	22	6	-8	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	-1	-
Net Cash Flow	79	645	-418	-1	76	238.67
Free Cash Flow	1,068	1,416	863	872	869	663.81
Free Cash Flow Growth	7.12%	64.08%	-1.03%	0.34%	30.91%	47.12%
Free Cash Flow Margin	9.64%	13.59%	9.01%	10.35%	11.71%	9.58%
Free Cash Flow Per Share	3.54	4.90	3.05	3.04	2.90	-
Cash Interest Paid	52	49	43	33	32	-
Cash Income Tax Paid	95	150	161	136	152	125.53
Levered Free Cash Flow	575.94	937.81	664.71	741.05	474.38	809.9
Unlevered Free Cash Flow	612.81	968.44	691.58	761.67	494.38	812.33
Change in Working Capital	-296	377	-72	-29	87	185.24

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