Nokia Oyj (HEL:NOKIA)
Finland · Delayed Price · Currency is EUR 9.23
-0.08 (-0.84%)
Aug 14, 2026, 6:29 PM EET
Nokia Oyj Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 708 | 651 | 1,277 | 665 | 4,250 | 1,623 |
Depreciation & Amortization | 990 | 1,119 | 1,014 | 1,087 | 1,140 | 1,095 |
Loss (Gain) From Sale of Assets | -45 | -45 | -380 | -162 | -35 | -59 |
Asset Writedown & Restructuring Costs | 798 | 409 | 999 | 341 | 277 | 223 |
Loss (Gain) From Sale of Investments | - | - | - | - | -27 | -188 |
Stock-Based Compensation | 397 | 337 | 241 | 202 | 149 | 108 |
Other Operating Activities | -333 | -191 | -89 | 466 | -2,437 | 91 |
Change in Accounts Receivable | -1,378 | -25 | -364 | 304 | -451 | 239 |
Change in Inventory | -261 | 149 | 404 | 443 | -991 | -48 |
Change in Other Net Operating Assets | 258 | -333 | -609 | -2,029 | -401 | -459 |
Operating Cash Flow | 1,134 | 2,071 | 2,493 | 1,317 | 1,474 | 2,625 |
Operating Cash Flow Growth | -44.30% | -16.93% | 89.29% | -10.65% | -43.85% | 49.23% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -599 | -606 | -472 | -652 | -601 | -560 |
Sale of Property, Plant & Equipment | 33 | 28 | 97 | 189 | 33 | 103 |
Cash Acquisitions | -4 | -1,730 | -37 | -19 | -20 | -33 |
Divestitures | 10 | 40 | -29 | 17 | - | - |
Investment in Securities | 274 | 784 | 263 | 1,486 | -1,261 | -1,247 |
Other Investing Activities | 1 | 88 | 61 | 22 | -31 | -58 |
Investing Cash Flow | -285 | -1,396 | -117 | 1,043 | -1,880 | -1,795 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | - | 360 | - | - | 27 | - |
Long-Term Debt Issued | - | 151 | 101 | 496 | 8 | 17 |
Total Debt Issued | 849 | 511 | 101 | 496 | 35 | 17 |
Short-Term Debt Repaid | - | - | -6 | -40 | - | -67 |
Long-Term Debt Repaid | - | -1,096 | -695 | -1,037 | -219 | -1,153 |
Total Debt Repaid | -1,757 | -1,096 | -701 | -1,077 | -219 | -1,220 |
Net Debt Issued (Repaid) | -908 | -585 | -600 | -581 | -184 | -1,203 |
Issuance of Common Stock | 859 | 859 | - | - | - | - |
Repurchase of Common Stock | - | -624 | -680 | -300 | -300 | - |
Common Dividends Paid | -769 | -753 | -714 | -611 | -336 | -9 |
Other Financing Activities | -515 | -507 | -9 | -10 | -17 | - |
Financing Cash Flow | -1,333 | -1,610 | -2,003 | -1,502 | -837 | -1,212 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 35 | -226 | 16 | -91 | 19 | 133 |
Net Cash Flow | -449 | -1,161 | 389 | 767 | -1,224 | -249 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 535 | 1,465 | 2,021 | 665 | 873 | 2,065 |
Free Cash Flow Growth | -63.88% | -27.51% | 203.91% | -23.83% | -57.72% | 61.33% |
Free Cash Flow Margin | 2.62% | 7.37% | 10.51% | 3.15% | 3.67% | 9.30% |
Free Cash Flow Per Share | 0.10 | 0.27 | 0.36 | 0.12 | 0.15 | 0.36 |
Levered Free Cash Flow | 1,183 | 499.13 | 2,748 | 941.13 | 1,314 | 2,241 |
Unlevered Free Cash Flow | 1,320 | 636 | 2,952 | 1,162 | 1,452 | 2,370 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 196 | 212 | 263 | 241 | 180 | 192 |
Cash Income Tax Paid | 403 | 396 | 342 | 576 | 381 | 314 |
Change in Working Capital | -1,381 | -209 | -569 | -1,282 | -1,843 | -268 |