Bang & Olufsen Cash Flow Statement

Financials in millions DKK. Fiscal year is June - May.

Millions DKK. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Net Income	-89	-29	-17	-141	-30	-23
Depreciation & Amortization	131	130	136	123	122	104
Other Amortization	116	110	98	99	89	77
Loss (Gain) From Sale of Assets	5	5	5	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-	3
Loss (Gain) From Sale of Investments	-	-	-	6	12	7
Other Operating Activities	10	-7	45	-2	31	3
Change in Accounts Receivable	-89	-39	-	-	-	-
Change in Inventory	-40	-	-	-	-	-
Change in Accounts Payable	96	52	-	-	-	-
Change in Other Net Operating Assets	-6	34	-41	113	-148	126
Operating Cash Flow	134	256	226	198	76	297
Operating Cash Flow Growth	-46.83%	13.27%	14.14%	160.53%	-74.41%	-
Capital Expenditures	-58	-39	-55	-54	-68	-50
Sale (Purchase) of Intangibles	-220	-200	-163	-169	-181	-134
Investment in Securities	139	9	6	14	9	-445
Other Investing Activities	-2	-1	3	5	1	6
Investing Cash Flow	-141	-231	-209	-204	-239	-623
Short-Term Debt Issued	-	-	-	110	256	472
Total Debt Issued	78	-	-	110	256	472
Short-Term Debt Repaid	-	-206	-6	-	-	-452
Long-Term Debt Repaid	-	-49	-48	-43	-40	-44
Total Debt Repaid	-188	-255	-54	-43	-40	-496
Net Debt Issued (Repaid)	-110	-255	-54	67	216	-24
Issuance of Common Stock	217	217	-	-	-	409
Repurchase of Common Stock	-57	-20	-	-	-37	-42
Other Financing Activities	-	-	-	-3	-34	-50
Financing Cash Flow	50	-58	-54	64	145	293
Foreign Exchange Rate Adjustments	-	1	-2	-4	2	-4
Net Cash Flow	43	-32	-39	54	-16	-37
Free Cash Flow	76	217	171	144	8	247
Free Cash Flow Growth	-63.64%	26.90%	18.75%	1700.00%	-96.76%	-
Free Cash Flow Margin	3.03%	8.50%	6.61%	5.23%	0.27%	9.40%
Free Cash Flow Per Share	0.56	1.47	1.39	1.17	0.07	2.01
Cash Interest Paid	68	83	63	44	28	23
Cash Income Tax Paid	19	10	10	-7	33	10
Levered Free Cash Flow	-115.25	13.25	10.5	69.88	-142	154.63
Unlevered Free Cash Flow	-82.75	58.25	46.13	92.38	-128.25	169
Change in Working Capital	-39	47	-41	113	-148	126

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