NKT A/S Cash Flow Statement

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

Millions EUR. 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	234	337	124	62.4	4.1	-74.5
Depreciation & Amortization	111	88	75	71.9	83.1	78.7
Other Amortization	14	14	15	20.1	26	18.6
Other Operating Activities	6	-111	8	-41.3	44.9	-1
Change in Accounts Receivable	479	479	290	154	-12.3	113.3
Change in Inventory	-65	-65	11	-62	-40.7	-16
Change in Accounts Payable	297	297	19	93.1	99.6	17.2
Change in Other Net Operating Assets	-782	-	-	-	-	-
Operating Cash Flow	294	1,287	541	306.2	209.1	136.3
Operating Cash Flow Growth	-72.21%	137.89%	76.68%	46.44%	53.41%	9.04%
Capital Expenditures	-676	-463	-205	-156.1	-184.5	-65.5
Sale of Property, Plant & Equipment	-	-	-	2	0.1	0.4
Cash Acquisitions	-	-144	-	-15.7	-	-
Divestitures	-	-	-	-	2.1	-
Sale (Purchase) of Intangibles	-51	-32	-33	-35	-28.9	-42.3
Investment in Securities	-	-	-9	-	-	-
Investing Cash Flow	-727	-639	-247	-204.8	-211.2	-107.4
Long-Term Debt Repaid	-	-14	-7	-24.5	-28.5	-47.1
Total Debt Repaid	-23	-14	-7	-24.5	-28.5	-47.1
Net Debt Issued (Repaid)	-23	-14	-7	-24.5	-28.5	-47.1
Issuance of Common Stock	-	-	357	61.7	-	258.9
Repurchase of Common Stock	-22	-2	-7	-65.8	-	-
Common Dividends Paid	-11	-11	-9	-7.4	-8.1	-8.1
Financing Cash Flow	-56	-27	334	-36	-36.6	203.7
Foreign Exchange Rate Adjustments	8	7	-	-3.7	-	-0.3
Net Cash Flow	-481	628	628	61.7	-38.7	232.3
Free Cash Flow	-382	824	336	150.1	24.6	70.8
Free Cash Flow Growth	-	145.24%	123.85%	510.16%	-65.25%	-21.85%
Free Cash Flow Margin	-10.59%	25.34%	13.09%	7.11%	1.32%	4.71%
Free Cash Flow Per Share	-7.10	15.32	6.69	3.48	0.57	2.29
Cash Interest Paid	30	30	105	41.6	51.2	57
Cash Income Tax Paid	45	38	25	15.3	0.8	-1.1
Levered Free Cash Flow	-1,196	111.75	186	10.4	-121.98	-38.98
Unlevered Free Cash Flow	-1,191	116.75	192.25	15.53	-115.16	-29.04
Change in Working Capital	-71	711	320	185.1	46.6	114.5

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