Bouvet ASA Cash Flow Statement

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

Millions NOK. 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	382.53	383.44	325.42	315.71	265.53	241.11
Depreciation & Amortization	89.48	93.72	81.03	71.95	61.32	59.19
Other Amortization	15.48	26.54	15.89	7.1	8.38	7.78
Loss (Gain) From Sale of Assets	-0.31	-0.1	-0.14	-0.1	-0.05	-0.18
Stock-Based Compensation	18.69	17.78	19.22	19	14.96	9.8
Other Operating Activities	-25.61	-9.66	-4.52	14.55	6.57	24.19
Change in Inventory	13.04	201.16	-18.2	-161.26	-105.99	16.12
Change in Other Net Operating Assets	31.48	128.24	87.38	54.94	47.6	92.86
Operating Cash Flow	524.76	841.11	506.09	321.88	298.32	450.88
Operating Cash Flow Growth	-21.25%	66.20%	57.23%	7.90%	-33.84%	62.74%
Capital Expenditures	-28.54	-29.75	-28.91	-26.66	-21.94	-18.57
Sale of Property, Plant & Equipment	0.33	0.19	0.38	0.2	0.17	0.26
Cash Acquisitions	-	-	-17.8	0.93	2.46	-
Sale (Purchase) of Intangibles	-0.83	-6.75	-22.67	-14.36	-9.93	-9.08
Other Investing Activities	26.78	25.26	16.27	6.13	0.86	0
Investing Cash Flow	-2.26	-11.06	-52.73	-33.76	-28.39	-27.39
Long-Term Debt Repaid	-	-56.51	-54.56	-46.03	-41.98	-37.32
Net Debt Issued (Repaid)	-50.82	-56.51	-54.56	-46.03	-41.98	-37.32
Issuance of Common Stock	31.2	31.2	28.71	25.18	21.57	19.6
Repurchase of Common Stock	-73.88	-50.19	-63.55	-62.12	-	-
Common Dividends Paid	-413.74	-373.68	-316.59	-239.78	-277.73	-169.13
Other Financing Activities	-28.58	-28.58	-8.75	-63.13	-7.39	-4.59
Financing Cash Flow	-535.82	-477.76	-414.74	-385.88	-305.53	-191.43
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	-	0
Net Cash Flow	-13.33	352.29	38.62	-97.76	-35.6	232.06
Free Cash Flow	496.22	811.36	477.18	295.22	276.38	432.31
Free Cash Flow Growth	-21.66%	70.03%	61.63%	6.82%	-36.07%	65.88%
Free Cash Flow Margin	12.60%	20.69%	13.53%	9.57%	10.26%	18.00%
Free Cash Flow Per Share	4.78	7.80	4.58	2.83	2.65	4.17
Cash Interest Paid	23.66	23.66	8.75	12.27	7.39	4.59
Cash Income Tax Paid	107.43	93.16	82.63	71.3	67.19	46.43
Levered Free Cash Flow	412.89	713.49	384.51	207.86	204.18	369.5
Unlevered Free Cash Flow	428.21	728.28	389.98	212.06	207.33	372.8
Change in Working Capital	44.52	329.4	69.18	-106.33	-58.4	108.99

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.