ALK-Abelló Cash Flow Statement

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
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
Net Income	1,101	815	486	335	219	25
Depreciation & Amortization	271	234	214	208	197	173
Other Amortization	32	32	30	28	25	34
Loss (Gain) From Sale of Assets	-	-	-	-	33	37
Asset Writedown & Restructuring Costs	6	6	1	2	20	38
Stock-Based Compensation	49	51	30	27	36	29
Other Operating Activities	217	226	109	51	-34	119
Change in Accounts Receivable	78	78	-69	-172	-5	-159
Change in Inventory	-272	-272	-132	-74	-84	-69
Change in Accounts Payable	43	43	-2	11	61	74
Change in Other Net Operating Assets	23	-	-	-	-	-
Operating Cash Flow	1,548	1,213	667	416	468	301
Operating Cash Flow Growth	42.54%	81.86%	60.34%	-11.11%	55.48%	128.03%
Capital Expenditures	-253	-260	-310	-298	-218	-196
Cash Acquisitions	-10	-115	-	-	-	-
Sale (Purchase) of Intangibles	-1,077	-1,043	-69	-55	-45	-26
Investment in Securities	-1	1	4	2	-3	-23
Investing Cash Flow	-1,341	-1,417	-375	-351	-266	-245
Long-Term Debt Issued	-	671	671	60	226	-
Long-Term Debt Repaid	-	-329	-682	-133	-496	-49
Net Debt Issued (Repaid)	-76	342	-11	-73	-270	-49
Issuance of Common Stock	1	6	-	42	31	11
Other Financing Activities	-7	-38	-20	-11	-72	-24
Financing Cash Flow	-82	310	-31	-42	-311	-62
Foreign Exchange Rate Adjustments	-15	9	-8	4	5	-12
Net Cash Flow	110	115	253	27	-104	-18
Free Cash Flow	1,295	953	357	118	250	105
Free Cash Flow Growth	56.40%	166.95%	202.54%	-52.80%	138.09%	-
Free Cash Flow Margin	21.31%	17.21%	7.40%	2.62%	6.38%	3.01%
Free Cash Flow Per Share	5.84	4.30	1.61	0.53	1.13	0.48
Cash Interest Paid	37	13	23	14	23	22
Cash Income Tax Paid	193	95	60	78	100	14
Levered Free Cash Flow	-83.63	-327	84.13	3	132.38	85.5
Unlevered Free Cash Flow	-44.25	-286.38	97.88	18	146.75	106.75
Change in Working Capital	-128	-151	-203	-235	-28	-154

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