TGS ASA Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	18.3	94.22	21.65	87.8	-75.99
Depreciation & Amortization	460.4	367.88	248.71	175.93	188.74
Other Amortization	-	22.18	11.68	9.88	5.71
Asset Writedown & Restructuring Costs	253.4	108.57	70.22	221.02	283.66
Other Operating Activities	-3.4	20.65	-1.96	26.03	-23.28
Change in Accounts Receivable	129.1	-115.33	83.39	-45.47	131.73
Change in Other Net Operating Assets	-7.8	130.55	150.97	-132.03	-182.23
Operating Cash Flow	850	628.72	584.65	343.15	328.34
Operating Cash Flow Growth	35.20%	7.54%	70.38%	4.51%	-7.44%
Capital Expenditures	-94.2	-103.91	-47.85	-23.66	-13.58
Cash Acquisitions	-	86.83	2.23	-54.56	-34.3
Sale (Purchase) of Intangibles	-375.2	-331.57	-390.35	-200.89	-154.83
Other Investing Activities	9.5	7.1	7.89	6.4	2.53
Investing Cash Flow	-459.9	-399.75	-428.08	-272.72	-200.19
Long-Term Debt Issued	103	705.23	-	-	-
Short-Term Debt Repaid	-	-	-	-	-2.5
Long-Term Debt Repaid	-219.9	-819.94	-105.7	-20.6	-10.7
Total Debt Repaid	-219.9	-819.94	-105.7	-20.6	-13.2
Net Debt Issued (Repaid)	-116.9	-114.71	-105.7	-20.6	-13.2
Issuance of Common Stock	-	-	86.53	-	-
Repurchase of Common Stock	-	-0.29	-54.39	-7.02	-15.69
Common Dividends Paid	-121.7	-91.57	-70.61	-66.14	-65.52
Other Financing Activities	-55.6	-87.14	-7.84	-5.61	-6.36
Financing Cash Flow	-294.2	-293.71	-152	-99.36	-100.77
Foreign Exchange Rate Adjustments	-6.3	-9.2	3.72	2.05	-7.77
Miscellaneous Cash Flow Adjustments	-0.1	-0	0	-0	0
Net Cash Flow	89.5	-73.94	8.29	-26.88	19.61
Free Cash Flow	755.8	524.81	536.8	319.49	314.76
Free Cash Flow Growth	44.02%	-2.23%	68.02%	1.50%	-1.49%
Free Cash Flow Margin	49.50%	39.81%	67.58%	44.58%	60.69%
Free Cash Flow Per Share	3.72	3.18	4.22	2.69	2.70
Cash Interest Paid	55.7	59.79	7.84	5.61	6.36
Cash Income Tax Paid	83.2	32.62	32.19	15.04	14.18
Levered Free Cash Flow	352.2	196.43	92.1	61.73	99.05
Unlevered Free Cash Flow	407.58	218.66	98.71	65.04	100.59
Change in Working Capital	121.3	15.22	234.36	-177.5	-50.51

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.