Appear 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 2019
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '19 Dec 1, 2019
Net Income	129.16	69.51	32.43	-13.36	-
Depreciation & Amortization	17.3	14	11.09	10.23	-
Other Amortization	1.1	0.15	0.06	0.12	-
Loss (Gain) From Sale of Assets	0.03	2.39	-	-	-
Loss (Gain) From Sale of Investments	-10	-5.94	-4.67	4.76	-
Other Operating Activities	22.81	16.07	5.09	-11.54	-
Change in Accounts Receivable	-26.14	-27.7	23.2	-32.91	-
Change in Inventory	-2.87	-19.75	4.81	-9.74	-
Change in Accounts Payable	20.72	-9.3	-3.52	2.7	-
Change in Other Net Operating Assets	11.13	37.38	16.61	6.13	-
Operating Cash Flow	163.25	76.81	85.09	-43.62	-
Operating Cash Flow Growth	112.54%	-9.73%	-	-	-
Capital Expenditures	-23.86	-10.15	-6.12	-6.75	-
Sale (Purchase) of Intangibles	-66.24	-	-0.69	-	-
Investment in Securities	-295	-40	-10	49.99	-
Other Investing Activities	3.14	4.62	1.88	0.59	-
Investing Cash Flow	-381.96	-45.54	-14.93	43.84	-
Short-Term Debt Issued	-	-	-	5.27	-
Total Debt Issued	-	-	-	5.27	-
Short-Term Debt Repaid	-	-	-14.19	-	-
Long-Term Debt Repaid	-4.95	-4.2	-7.4	-6.64	-
Total Debt Repaid	-4.95	-4.2	-21.59	-6.64	-
Net Debt Issued (Repaid)	-4.95	-4.2	-21.59	-1.37	-
Issuance of Common Stock	95.23	-	-	-	-
Repurchase of Common Stock	-	-0.59	-	-	-
Other Financing Activities	94.14	-3.03	-0.86	-1.05	-
Financing Cash Flow	184.42	-7.82	-22.44	-2.42	-
Foreign Exchange Rate Adjustments	-2.05	0.26	1.04	-	-
Net Cash Flow	-36.34	23.71	48.76	-2.21	-
Free Cash Flow	139.39	66.65	78.97	-50.37	-
Free Cash Flow Growth	109.12%	-15.60%	-	-	-
Free Cash Flow Margin	17.40%	11.01%	19.37%	-15.92%	-
Free Cash Flow Per Share	3.67	1.77	2.10	-1.34	-
Cash Interest Paid	4.03	3.03	0.86	1.41	-
Cash Income Tax Paid	18.15	0.92	0.25	0.12	-
Levered Free Cash Flow	45.4	43.87	63.15	-	-
Unlevered Free Cash Flow	47.92	45.76	63.68	-	-
Change in Working Capital	2.83	-19.37	41.1	-33.83	-

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