Veidekke ASA Cash Flow Statement

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

Millions NOK. 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	2,057	1,683	1,444	1,467	1,342
Depreciation & Amortization	1,105	1,106	1,044	939	919
Stock-Based Compensation	-33	-30	-35	-31	-36
Other Adjustments	-606	-730	-538	-535	-177
Change in Receivables	463	398	-85	-739	777
Changes in Accounts Payable	424	-763	760	219	-348
Changes in Other Operating Activities	-121	562	349	90	-281
Operating Cash Flow	3,290	2,225	2,939	1,409	2,194
Operating Cash Flow Growth	47.87%	-24.29%	108.59%	-35.78%	-3.35%
Capital Expenditures	-604	-695	-844	-785	-751
Sale of Property, Plant & Equipment	205	221	175	356	278
Purchases of Investments	-834	333	-397	-7	-
Payments for Business Acquisitions	-	-231	-797	-299	-75
Proceeds from Business Divestments	-	39	55	3	135
Other Investing Activities	219	16	-212	32	130
Investing Cash Flow	-1,014	-316	-2,019	-701	-282
Short-Term Debt Issued	34	5	-	1	-
Short-Term Debt Repaid	-42	-	-13	-	-16
Net Short-Term Debt Issued (Repaid)	-8	5	-13	1	-16
Long-Term Debt Issued	-	3	-	37	-
Long-Term Debt Repaid	-750	-496	-572	-791	-383
Net Long-Term Debt Issued (Repaid)	-750	-493	-572	-754	-383
Issuance of Common Stock	-	-	5	-	-
Repurchase of Common Stock	-	-	-	-5	-
Net Common Stock Issued (Repurchased)	-	-	5	-5	-
Common Dividends Paid	-1,215	-1,066	-1,046	-945	-776
Other Financing Activities	-111	-106	-127	-105	-139
Financing Cash Flow	-2,085	-1,661	-1,753	-1,808	-1,314
Effect of Exchange Rate Changes on Cash and Cash Equivalents	25	68	182	-	3
Net Cash Flow	192	248	-833	-1,100	598
Free Cash Flow	2,686	1,530	2,095	624	1,443
Free Cash Flow Growth	75.56%	-26.97%	235.74%	-56.76%	-0.55%
FCF Margin	6.23%	3.70%	4.86%	1.61%	3.84%
Free Cash Flow Per Share	19.88	11.32	15.50	4.61	10.65
Levered Free Cash Flow	1,599	983	1,793	802	98
Unlevered Free Cash Flow	2,351	1,499	2,432	1,654	584.87

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.