Northern Data AG Cash Flow Statement

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

Millions EUR. 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	-390.17	-127.44	-151.06	-265.78	287.16
Depreciation & Amortization	215.03	90.41	64.53	172.47	47.17
Loss (Gain) From Sale of Assets	-5.09	-4.64	-8.28	-0.12	-0.44
Asset Writedown & Restructuring Costs	165.15	3.15	60.4	34.76	18.77
Other Operating Activities	98.7	-25.75	34.06	33.89	-252.42
Change in Inventory	-36.95	-76.73	8.35	42.36	-122
Change in Accounts Payable	48.79	14.24	-26.94	-15.16	109.39
Change in Other Net Operating Assets	-1.34	6.02	1.33	-1.47	0.44
Operating Cash Flow	29.21	-58.46	-17.6	0.96	88.07
Operating Cash Flow Growth	-	-	-	-98.91%	-52.00%
Capital Expenditures	-107.05	-981.25	-95.33	-100.15	-200.33
Sale of Property, Plant & Equipment	8.31	37.95	12.99	6.55	0.52
Cash Acquisitions	-	-	-	-	-1.08
Divestitures	43.59	-	-	-	-
Sale (Purchase) of Intangibles	-5.72	-6.97	-3.16	-0.54	-0.53
Investment in Securities	14.32	-	-	-1.17	328.01
Other Investing Activities	1.86	3.97	0.83	0.1	0.03
Investing Cash Flow	-44.69	-946.3	-84.67	-95.22	126.62
Long-Term Debt Issued	-	399.6	175.4	-	-
Short-Term Debt Repaid	-	-	-	-76.56	-89.93
Long-Term Debt Repaid	-22.69	-11.45	-2.44	-3.19	-27.87
Total Debt Repaid	-22.69	-11.45	-2.44	-79.75	-117.8
Net Debt Issued (Repaid)	-22.69	388.15	172.96	-79.75	-117.8
Issuance of Common Stock	-	497.39	133.12	-	58.58
Other Financing Activities	-24.68	-3.9	-0.98	-3.17	-9.81
Financing Cash Flow	-47.37	881.63	305.11	-82.91	-69.03
Foreign Exchange Rate Adjustments	0.17	0.4	0.28	-4.55	2.09
Net Cash Flow	-62.68	-122.73	203.11	-181.72	147.74
Free Cash Flow	-77.83	-1,040	-112.93	-99.19	-112.27
Free Cash Flow Margin	-97.24%	-858.65%	-145.67%	-51.32%	-59.13%
Free Cash Flow Per Share	-1.21	-18.02	-3.90	-4.17	-4.71
Cash Interest Paid	24.68	3.9	0.98	3.17	4.75
Cash Income Tax Paid	0.17	6.26	7.57	6.31	1.1
Levered Free Cash Flow	-331.02	-724.28	-375.97	-42.42	-369.7
Unlevered Free Cash Flow	-304.48	-705.96	-375.07	-40.44	-366.53
Change in Working Capital	10.51	-56.48	-17.26	25.73	-12.17

Updated Nov 9, 2021. Source: S&P Global Market Intelligence. Standard template. Financial Sources.