Norconsult ASA Cash Flow Statement

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

Millions NOK. 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	651	496	516	454	342
Depreciation & Amortization	552	484	455	399	359
Loss (Gain) From Sale of Assets	-	1	3	-7	-4
Asset Writedown & Restructuring Costs	-	5	4	5	-
Other Operating Activities	180	134	16	119	135
Change in Accounts Receivable	-	98	-308	-194	-27
Change in Other Net Operating Assets	-260	279	236	165	114
Operating Cash Flow	1,123	1,497	922	941	919
Operating Cash Flow Growth	-24.98%	62.36%	-2.02%	2.39%	28.19%
Capital Expenditures	-77	-81	-59	-69	-50
Sale of Property, Plant & Equipment	2	1	1	12	8
Cash Acquisitions	-1,537	-59	-113	-206	-143
Sale (Purchase) of Intangibles	-43	-33	-23	-30	-19
Investment in Securities	147	-	-	-	-
Other Investing Activities	31	34	29	11	6
Investing Cash Flow	-1,477	-138	-165	-282	-198
Long-Term Debt Issued	1,293	-	-	-	-
Long-Term Debt Repaid	-415	-389	-365	-312	-274
Net Debt Issued (Repaid)	878	-389	-365	-312	-274
Issuance of Common Stock	80	54	80	61	11
Repurchase of Common Stock	-	-	-	-97	-94
Common Dividends Paid	-512	-343	-869	-254	-245
Other Financing Activities	-69	-50	-43	-64	-34
Financing Cash Flow	377	-728	-1,197	-666	-636
Foreign Exchange Rate Adjustments	-1	14	22	6	-8
Miscellaneous Cash Flow Adjustments	-	-	-	-	-1
Net Cash Flow	22	645	-418	-1	76
Free Cash Flow	1,046	1,416	863	872	869
Free Cash Flow Growth	-26.13%	64.08%	-1.03%	0.34%	30.91%
Free Cash Flow Margin	9.17%	13.59%	9.01%	10.35%	11.71%
Free Cash Flow Per Share	3.42	4.72	3.05	3.04	2.90
Cash Interest Paid	65	49	43	33	32
Cash Income Tax Paid	69	150	161	136	152
Levered Free Cash Flow	929.38	937.81	664.71	741.05	474.38
Unlevered Free Cash Flow	995	968.44	691.58	761.67	494.38
Change in Working Capital	-260	377	-72	-29	87

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