Telenor ASA (OSL:TEL)
Norway · Delayed Price · Currency is NOK 135.60
-0.40 (-0.29%)
Nov 13, 2026, 4:25 PM CET
Telenor ASA Cash Flow Statement
Financials in millions NOK. Fiscal year is January - December.
Millions NOK. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 18,662 | 7,034 | 18,336 | 13,734 | 44,913 | 1,528 |
Depreciation & Amortization | 12,377 | 13,742 | 13,357 | 14,081 | 14,895 | 20,788 |
Other Amortization | 2,572 | 2,572 | 2,520 | 2,459 | 2,253 | 2,459 |
Asset Writedown & Restructuring Costs | 2 | 2 | 73 | 24 | 2,472 | - |
Loss (Gain) From Sale of Investments | -2,538 | 4,257 | -3,361 | -17,427 | -33,823 | 272 |
Loss (Gain) on Equity Investments | -6,086 | -1,823 | -6,812 | 8,467 | 303 | 459 |
Other Operating Activities | 6,929 | 7,492 | 3,286 | -12,071 | -35,377 | 9,601 |
Change in Accounts Receivable | -119 | -119 | 2,245 | -121 | -1,377 | 392 |
Change in Inventory | 14 | 14 | 114 | 235 | -186 | -319 |
Change in Accounts Payable | 244 | 244 | 389 | -25 | 174 | 831 |
Change in Other Net Operating Assets | -161 | 1 | - | - | - | 1 |
Operating Cash Flow | 29,008 | 31,222 | 31,481 | 29,120 | 39,222 | 42,272 |
Operating Cash Flow Growth | -5.32% | -0.82% | 8.11% | -25.76% | -7.22% | -3.53% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -10,498 | -11,338 | -12,929 | -14,728 | -19,298 | -19,447 |
Sale of Property, Plant & Equipment | 76 | 85 | 45 | 60 | 199 | 161 |
Cash Acquisitions | -254 | -794 | -249 | -1,806 | -991 | -391 |
Divestitures | 37,228 | 2,949 | 2,138 | 5,045 | -4,662 | 17 |
Investment in Securities | 207 | 29 | -37 | -6,868 | 1,608 | 2,432 |
Other Investing Activities | -1,043 | -769 | -454 | - | -1 | - |
Investing Cash Flow | 25,716 | -9,838 | -11,486 | -18,297 | -23,145 | -17,228 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 18,079 | 6,278 | 20,091 | 20,977 | 26,470 |
Long-Term Debt Repaid | - | -18,218 | -18,745 | -16,616 | -29,116 | -38,226 |
Lease Payments | -4,282 | -4,724 | -4,868 | -5,469 | -8,072 | -8,826 |
Net Debt Issued (Repaid) | -10,144 | -139 | -12,467 | 3,475 | -8,139 | -11,756 |
Repurchase of Common Stock | -1,792 | -195 | -1,971 | -1,719 | -27 | - |
Common Dividends Paid | -13,135 | -13,135 | -13,082 | -13,017 | -13,015 | -12,595 |
Dividends Paid | -13,135 | -13,135 | -13,082 | -13,017 | -13,015 | -12,595 |
Other Financing Activities | -1,322 | -1,733 | -1,871 | 9,727 | -2,803 | -3,552 |
Financing Cash Flow | -26,393 | -15,202 | -29,391 | -1,534 | -23,984 | -27,903 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -1,433 | -27 | -78 | 612 | 600 | -245 |
Miscellaneous Cash Flow Adjustments | - | - | - | 1 | -1 | 1 |
Net Cash Flow | 26,898 | 6,155 | -9,474 | 9,902 | -7,308 | -3,103 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 18,510 | 19,884 | 18,552 | 14,392 | 19,924 | 22,825 |
Free Cash Flow Growth | -1.00% | 7.18% | 28.90% | -27.77% | -12.71% | -8.04% |
Free Cash Flow Margin | 24.76% | 25.98% | 24.58% | 17.89% | 25.92% | 23.49% |
Free Cash Flow Per Share | 13.55 | 14.53 | 13.48 | 10.37 | 14.24 | 16.31 |
Levered Free Cash Flow | 8,680 | 14,736 | 16,383 | 5,146 | 5,346 | 17,328 |
Unlevered Free Cash Flow | 10,606 | 16,821 | 18,780 | 7,277 | 6,471 | 18,881 |
Free Cash Flow After Leases | 14,228 | 15,160 | 13,684 | 8,923 | 11,852 | 13,999 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 2,997 | 2,997 | 3,761 | 2,900 | 2,616 | 2,635 |
Cash Income Tax Paid | 3,083 | 3,727 | 3,783 | 2,062 | 5,977 | 6,113 |
Change in Working Capital | -22 | 140 | 2,748 | 89 | -1,389 | 905 |