Reach Subsea 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	108.1	205.43	225.79	72.19	93.81
Depreciation & Amortization	970.25	805.92	623.01	353.53	239.81
Other Amortization	0.23	0.23	-	-	-
Loss (Gain) From Sale of Assets	-	-	-29.84	-	-
Asset Writedown & Restructuring Costs	22.88	-	-	-	-
Loss (Gain) on Equity Investments	-24.06	-13.75	-16.71	-	-
Stock-Based Compensation	17.17	21.12	2.9	1.24	-
Other Operating Activities	9.46	88.43	127.83	39.99	-26.43
Change in Accounts Receivable	138.2	-336.91	-12.54	-75.58	-41.16
Change in Accounts Payable	-4.77	6.75	27.04	31.45	-11.86
Change in Other Net Operating Assets	-46	90.31	5.26	43.5	25.05
Operating Cash Flow	1,191	867.53	952.73	466.31	279.21
Operating Cash Flow Growth	37.34%	-8.94%	104.31%	67.01%	3.92%
Capital Expenditures	-372.54	-262.81	-202.71	-167.81	-1.56
Sale of Property, Plant & Equipment	-	-	31.38	-	24.72
Cash Acquisitions	0.1	-34.31	27.65	-36.9	-16.19
Investment in Securities	-159.08	-	-64.72	-	-
Other Investing Activities	-	-	0	-	-
Investing Cash Flow	-531.53	-297.13	-208.39	-204.7	6.96
Long-Term Debt Issued	552.77	55	27.5	-	-
Long-Term Debt Repaid	-868.41	-624.03	-519.45	-325.26	-224.98
Net Debt Issued (Repaid)	-315.64	-569.03	-491.95	-325.26	-224.98
Issuance of Common Stock	146.64	34.74	123.04	152.27	3.12
Common Dividends Paid	-137.5	-97.84	-45.98	-40.48	-21.54
Other Financing Activities	-100.85	-114.62	-72.89	-1.06	-1.74
Financing Cash Flow	-407.34	-746.75	-487.78	-214.54	-245.14
Foreign Exchange Rate Adjustments	-16.45	17.94	-11.72	-4.51	2.6
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0
Net Cash Flow	236.15	-158.4	244.83	42.56	43.64
Free Cash Flow	818.93	604.71	750.02	298.5	277.65
Free Cash Flow Growth	35.42%	-19.37%	151.26%	7.51%	4.16%
Free Cash Flow Margin	30.59%	22.25%	37.58%	25.67%	41.23%
Free Cash Flow Per Share	2.50	2.01	2.93	1.42	1.93
Cash Interest Paid	88.48	112.8	74.89	-	-
Cash Income Tax Paid	76.48	50.77	8.81	-	-
Levered Free Cash Flow	688.21	475.07	757.95	230.05	241.81
Unlevered Free Cash Flow	765.5	551.43	806.63	239.68	246.7
Change in Working Capital	87.44	-239.86	19.77	-0.63	-27.97

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