Dampskibsselskabet Norden 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	120.3	162.7	400.1	743.5	204.5
Depreciation & Amortization	295.8	313.3	334	458.2	295.5
Loss (Gain) From Sale of Assets	-70.3	-82	-79	-79.4	-7.7
Asset Writedown & Restructuring Costs	-	-1.3	1.2	17.4	-
Loss (Gain) on Equity Investments	0.1	0.1	-0.8	2.8	-1.1
Other Operating Activities	105.4	91.3	87	16.9	39.1
Change in Accounts Receivable	62	13.6	67.8	-73.2	-169.7
Change in Inventory	31.7	-25.3	22.1	-17.1	-51.3
Change in Accounts Payable	-75.9	-3.1	-17.7	53.4	157.5
Change in Unearned Revenue	0.2	-33	17.3	-4.8	-
Change in Other Net Operating Assets	-91.1	-20.9	-161.2	225.2	-32.9
Operating Cash Flow	378.2	415.4	670.8	1,343	433.9
Operating Cash Flow Growth	-8.96%	-38.07%	-50.05%	209.49%	9.57%
Capital Expenditures	-630.1	-471.5	-349.7	-328.1	-247.9
Sale of Property, Plant & Equipment	584.7	363.4	388.9	574	159.8
Cash Acquisitions	-3.2	-10.3	-69.6	-	-
Investment in Securities	1.1	230.5	-26.5	-175.4	90.7
Other Investing Activities	11.1	18	35.6	-	-
Investing Cash Flow	-41.4	126.6	-12.8	57.9	2.6
Long-Term Debt Issued	203.8	625	-	60.6	515.8
Long-Term Debt Repaid	-316.7	-1,043	-478.7	-672.3	-663.5
Net Debt Issued (Repaid)	-112.9	-418.1	-478.7	-611.7	-147.7
Issuance of Common Stock	-	-	-	4.2	6.6
Repurchase of Common Stock	-42.6	-69.3	-127.5	-129.8	-33.1
Common Dividends Paid	-35.5	-72.5	-308.9	-376.2	-53
Other Financing Activities	-37	-41.8	-53.2	-38.2	-34.7
Financing Cash Flow	-228	-601.7	-968.3	-1,152	-261.9
Foreign Exchange Rate Adjustments	6.7	-0.4	-1.3	-0.1	-2.4
Net Cash Flow	115.5	-60.1	-311.6	249	172.2
Free Cash Flow	-251.9	-56.1	321.1	1,015	186
Free Cash Flow Growth	-	-	-68.36%	445.59%	-37.37%
Free Cash Flow Margin	-8.06%	-1.39%	8.70%	19.10%	5.24%
Free Cash Flow Per Share	-8.59	-1.83	9.89	28.75	4.93
Cash Interest Paid	37	41.8	53.2	50.5	35
Cash Income Tax Paid	10.5	9.1	3.8	8.1	7.6
Levered Free Cash Flow	-231.99	-180.18	178.21	627.08	-29.91
Unlevered Free Cash Flow	-208.86	-154.05	211.46	658.64	-8.03
Change in Working Capital	-73.1	-68.7	-71.7	183.5	-96.4

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