DNO ASA Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	638.4	397.4	-13.3	151.3
Depreciation & Amortization	498.4	403.4	184.1	146.4
Other Adjustments	93	7.9	179	71
Change in Receivables	11.3	127.4	-46.1	-2.3
Changes in Inventories	3.3	5.3	6	-30.8
Changes in Accounts Payable	-69.2	-77.5	97.4	-23
Changes in Income Taxes Payable	-327.6	-263.7	-0.8	-89.6
Changes in Other Operating Activities	-16.3	-9.8	6.9	-28.7
Operating Cash Flow	774.7	590.6	413	194.1
Operating Cash Flow Growth	89.41%	43.00%	112.78%	-
Capital Expenditures	-516	-487.7	-199.8	-163.6
Purchases of Intangible Assets	-96.2	-130.3	-87.2	-114.6
Purchases of Investments	-10.5	-10.5	-9.4	-6.9
Proceeds from Sale of Investments	25	27.2	31.8	27.1
Cash Acquisitions	-180.9	-203.4	-	-
Other Investing Activities	-72.6	-25.8	-89.7	-23
Investing Cash Flow	-851.3	-830.6	-354.2	-281
Long-Term Debt Issued	1,227	1,783	365	-
Long-Term Debt Repaid	-1,900	-1,813	-131.2	-
Net Long-Term Debt Issued (Repaid)	-672.7	-29.6	233.8	-
Repurchase of Common Stock	-	-	-	-50.7
Net Common Stock Issued (Repurchased)	-	-	-	-50.7
Common Dividends Paid	-140.7	-129.7	-102.5	-92
Preferred Share Dividends Paid	-	-21.5	-	-
Other Financing Activities	-17.5	-21.5	-8.1	-4.3
Financing Cash Flow	-863.2	-202.2	123.2	-147
Foreign Exchange Rate Adjustments	-1.7	-3.1	-1.9	-1.9
Net Cash Flow	-939.7	-442.2	182.1	-233.9
Free Cash Flow	258.7	102.9	213.2	30.5
Free Cash Flow Growth	51.02%	-51.73%	599.02%	-
FCF Margin	13.52%	6.98%	31.97%	4.57%
Free Cash Flow Per Share	0.27	0.11	0.22	0.03
Levered Free Cash Flow	-1,103	-506.3	300.5	-170.7
Unlevered Free Cash Flow	-392.37	-462.52	106.23	-162.46