Veidekke 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	1,553	1,261	1,069	1,092	958
Depreciation & Amortization	1,105	1,068	1,034	920	907
Loss (Gain) From Sale of Assets	-	-135	-59	-248	-147
Asset Writedown & Restructuring Costs	-	38	10	19	12
Stock-Based Compensation	-	-30	-35	-31	-38
Other Operating Activities	632	-174	-104	87	354
Change in Accounts Receivable	-	529	35	-790	868
Change in Accounts Payable	-	-763	760	219	-348
Change in Other Net Operating Assets	-	431	229	141	-372
Operating Cash Flow	3,290	2,225	2,939	1,409	2,194
Operating Cash Flow Growth	47.87%	-24.29%	108.59%	-35.78%	-3.35%
Capital Expenditures	-399	-695	-844	-785	-751
Sale of Property, Plant & Equipment	-	221	175	356	278
Cash Acquisitions	-	-231	-797	-299	-75
Divestitures	-	39	55	3	135
Investment in Securities	-834	333	-397	-7	108
Other Investing Activities	168	17	-211	31	23
Investing Cash Flow	-1,014	-316	-2,019	-701	-282
Short-Term Debt Issued	-	5	-	1	-
Long-Term Debt Issued	-	3	-	37	-
Total Debt Issued	-	8	-	38	-
Short-Term Debt Repaid	-	-	-13	-	-16
Long-Term Debt Repaid	-896	-496	-572	-791	-383
Total Debt Repaid	-896	-496	-585	-791	-399
Net Debt Issued (Repaid)	-896	-488	-585	-753	-399
Issuance of Common Stock	-	-	5	-	-
Repurchase of Common Stock	-	-	-	-5	-
Common Dividends Paid	-1,215	-1,066	-1,046	-945	-776
Other Financing Activities	26	-107	-127	-105	-139
Financing Cash Flow	-2,085	-1,661	-1,753	-1,808	-1,314
Foreign Exchange Rate Adjustments	25	68	182	-	-3
Miscellaneous Cash Flow Adjustments	1	-	-	-	-
Net Cash Flow	217	316	-651	-1,100	595
Free Cash Flow	2,891	1,530	2,095	624	1,443
Free Cash Flow Growth	88.95%	-26.97%	235.74%	-56.76%	-0.55%
Free Cash Flow Margin	6.70%	3.69%	4.86%	1.61%	3.84%
Free Cash Flow Per Share	21.41	11.32	15.50	4.61	10.65
Cash Interest Paid	-	80	76	55	79
Cash Income Tax Paid	342	427	308	290	128
Levered Free Cash Flow	3,250	1,507	981.38	1,263	1,158
Unlevered Free Cash Flow	3,305	1,557	1,029	1,306	1,199
Change in Working Capital	-	197	1,024	-430	148

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