Norske Skog 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	2015 - 2019
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	2015 - 2019
Net Income	-106	-982	481	2,572	-363	-1,884	Upgrade
Depreciation & Amortization	510	518	514	546	433	437	Upgrade
Loss (Gain) From Sale of Assets	-2	43	-57	-191	-16	-153	Upgrade
Asset Writedown & Restructuring Costs	308	297	88	164	-22	451	Upgrade
Other Operating Activities	-573	482	373	-484	130	1,299	Upgrade
Change in Other Net Operating Assets	184	-52	583	-567	29	399	Upgrade
Operating Cash Flow	93	-15	1,928	2,040	191	549	Upgrade
Operating Cash Flow Growth	-89.99%	-	-5.49%	968.06%	-65.21%	-8.80%	Upgrade
Capital Expenditures	-1,304	-1,558	-3,084	-2,228	-1,021	-632	Upgrade
Sale of Property, Plant & Equipment	10	3	69	28	17	933	Upgrade
Investment in Securities	79	-91	-	245	112	1	Upgrade
Other Investing Activities	594	448	326	-1	1	-	Upgrade
Investing Cash Flow	-621	-1,198	-2,689	-1,956	-891	302	Upgrade
Long-Term Debt Issued	-	1,981	1,366	1,354	1,202	472	Upgrade
Total Debt Issued	179	1,981	1,366	1,354	1,202	472	Upgrade
Long-Term Debt Repaid	-	-2,086	-346	-321	-383	-811	Upgrade
Total Debt Repaid	-477	-2,086	-346	-321	-383	-811	Upgrade
Net Debt Issued (Repaid)	-298	-105	1,020	1,033	819	-339	Upgrade
Issuance of Common Stock	-	-	-	-	388	-	Upgrade
Repurchase of Common Stock	-	-	-415	-	-	-	Upgrade
Common Dividends Paid	-	-	-57	-	-	-516	Upgrade
Other Financing Activities	-	-	1	-	-	-	Upgrade
Financing Cash Flow	-298	-105	549	1,033	1,207	-855	Upgrade
Foreign Exchange Rate Adjustments	-20	32	25	43	2	16	Upgrade
Miscellaneous Cash Flow Adjustments	-1	-	-	1	-	-1	Upgrade
Net Cash Flow	-847	-1,286	-187	1,161	509	11	Upgrade
Free Cash Flow	-1,211	-1,573	-1,156	-188	-830	-83	Upgrade
Free Cash Flow Margin	-12.80%	-17.04%	-11.69%	-1.29%	-8.43%	-0.91%	Upgrade
Free Cash Flow Per Share	-14.28	-18.55	-13.63	-1.99	-8.91	-1.01	Upgrade
Cash Interest Paid	226	230	211	122	107	109	Upgrade
Cash Income Tax Paid	13	-1	598	101	106	102	Upgrade
Levered Free Cash Flow	-572.75	-682.63	-1,610	-519.88	-529.75	1,135	Upgrade
Unlevered Free Cash Flow	-405.25	-550.13	-1,480	-438	-456.63	1,209	Upgrade
Change in Working Capital	184	-52	583	-567	29	399	Upgrade

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