Sats ASA (OSL:SATS)

Sats ASA Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	474	326	224	-246	-452
Depreciation & Amortization	1,167	1,140	1,126	1,048	987
Other Amortization	50	58	52	72	55
Loss (Gain) From Sale of Assets	-2	-1	-1	9	3
Other Operating Activities	328	394	379	243	196
Change in Accounts Receivable	-1	-23	-11	-8	3
Change in Inventory	-8	1	2	-	-9
Change in Accounts Payable	-78	49	13	-21	18
Change in Other Net Operating Assets	152	9	-26	-15	119
Operating Cash Flow	2,082	1,953	1,758	1,082	920
Operating Cash Flow Growth	6.60%	11.09%	62.48%	17.61%	-17.34%
Capital Expenditures	-309	-287	-167	-256	-130
Sale of Property, Plant & Equipment	3	2	1	1	1
Cash Acquisitions	-	-	-	-49	-9
Sale (Purchase) of Intangibles	-	-	-	-	-102
Other Investing Activities	-12	3	-6	-9	-
Investing Cash Flow	-318	-282	-172	-313	-240
Long-Term Debt Issued	85	113	-	200	200
Long-Term Debt Repaid	-1,077	-1,397	-1,235	-1,161	-802
Net Debt Issued (Repaid)	-992	-1,284	-1,235	-961	-602
Issuance of Common Stock	49	5	14	604	11
Repurchase of Common Stock	-267	-	-21	-	-
Common Dividends Paid	-127	-	-	-	-
Other Financing Activities	-278	-301	-345	-324	-286
Financing Cash Flow	-1,615	-1,580	-1,587	-681	-877
Foreign Exchange Rate Adjustments	-7	-2	-63	-24	22
Miscellaneous Cash Flow Adjustments	-1	-	1	-	-
Net Cash Flow	141	89	-63	64	-175
Free Cash Flow	1,773	1,666	1,591	826	790
Free Cash Flow Growth	6.42%	4.71%	92.62%	4.56%	-10.53%
Free Cash Flow Margin	32.18%	32.90%	33.61%	20.23%	24.33%
Free Cash Flow Per Share	8.73	8.11	7.80	4.20	4.62
Cash Interest Paid	293	304	347	309	296
Cash Income Tax Paid	90	24	4	23	32
Levered Free Cash Flow	1,398	1,344	1,157	669.25	605.38
Unlevered Free Cash Flow	1,583	1,532	1,377	827.38	783.5
Change in Working Capital	65	36	-22	-44	131

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