Norwegian Air Shuttle ASA Cash Flow Statement

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

Millions NOK. 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	2,501	1,355	1,737	1,006	1,871	-23,051
Depreciation & Amortization	2,098	2,755	1,890	1,375	1,114	6,162
Other Amortization	13.6	13.6	12.1	10.7	19.2	25.1
Loss (Gain) From Sale of Assets	17.1	17.1	-7.1	-65.5	-269.9	13,746
Asset Writedown & Restructuring Costs	2,038	2,038	1,632	-973.4	-	-3,190
Loss (Gain) From Sale of Investments	-	-	-	-	-49.2	49.2
Other Operating Activities	1,464	803.9	724.7	532.6	-4,643	2,554
Change in Inventory	325.9	325.9	-62.8	61.7	2,271	8,331
Change in Unearned Revenue	194.6	656.6	654	1,224	922.7	-5,705
Change in Other Net Operating Assets	-1,019	-1,019	-1,322	-745.2	-1,097	-312.4
Operating Cash Flow	7,685	6,946	5,258	2,426	139.1	-1,391
Operating Cash Flow Growth	2.87%	32.12%	116.74%	1643.85%	-	-
Capital Expenditures	-4,860	-1,232	-502.9	-854.6	-6.1	-14.7
Sale of Property, Plant & Equipment	138.8	138.8	7.8	72.7	237.5	2,775
Cash Acquisitions	-20	-1,020	-	-	-	-
Sale (Purchase) of Intangibles	-76.5	-76.5	-82.8	-19.6	-8.7	-17.7
Investment in Securities	-1,000	-1,000	-	-	-	-80.4
Other Investing Activities	-1,549	-25	-	0.2	-0.1	-
Investing Cash Flow	-7,367	-3,215	-577.9	-801.3	222.6	2,662
Long-Term Debt Issued	-	191.7	289.6	-	-	3,291
Long-Term Debt Repaid	-	-2,559	-2,512	-1,110	-460.7	-3,359
Net Debt Issued (Repaid)	-1,867	-2,367	-2,222	-1,110	-460.7	-68.5
Issuance of Common Stock	-	-	-	-	5,863	328.4
Common Dividends Paid	-950	-	-	-7.6	-377.7	-
Other Financing Activities	-1,066	-1,030	-745.1	-443.7	-240.1	-1,887
Financing Cash Flow	-3,883	-3,397	-2,967	-1,561	4,784	-1,628
Foreign Exchange Rate Adjustments	-34.6	56.4	6.6	1	-118.2	-72.3
Miscellaneous Cash Flow Adjustments	-56.4	-56.4	-6.6	-1.1	-	-0.1
Net Cash Flow	-3,656	334.1	1,712	63.2	5,028	-428.7
Free Cash Flow	2,825	5,714	4,755	1,571	133	-1,406
Free Cash Flow Growth	-55.67%	20.18%	202.63%	1081.28%	-	-
Free Cash Flow Margin	7.55%	16.18%	18.62%	8.33%	2.62%	-15.45%
Free Cash Flow Per Share	2.56	5.07	4.22	1.40	0.19	-62.33
Cash Interest Paid	1,030	1,030	745.1	443.7	240.1	1,887
Cash Income Tax Paid	32.2	72.2	1.7	37	-	6.6
Levered Free Cash Flow	-826.24	3,352	1,942	742.06	-5,099	1,774
Unlevered Free Cash Flow	-64.99	4,061	2,472	1,148	-4,673	3,456
Change in Working Capital	-446.9	-36.9	-730.8	540.8	2,097	2,314

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