Vår Energi ASA 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	846.4	327.11	610.23	936.4	654.36
Depreciation & Amortization	2,855	2,164	1,888	1,573	1,805
Loss (Gain) From Sale of Assets	10.8	-80.35	-24.53	31.72	-2.23
Asset Writedown & Restructuring Costs	-550.6	-8.52	200.3	657.92	0.98
Other Operating Activities	1,268	802.98	373.29	2,613	2,525
Change in Inventory	221.3	140.74	394.57	-155.35	-437.76
Change in Other Net Operating Assets	-43.2	62.24	-22	25.06	34.73
Operating Cash Flow	4,607	3,408	3,420	5,682	4,580
Operating Cash Flow Growth	35.19%	-0.36%	-39.80%	24.06%	162.63%
Capital Expenditures	-2,820	-2,874	-2,641	-2,593	-2,585
Sale of Property, Plant & Equipment	-	90.75	13.6	0.3	24.4
Cash Acquisitions	-181.7	-1,394	-	-	-2.21
Sale (Purchase) of Intangibles	-	-	-	-	-0.3
Other Investing Activities	-116.4	-66.79	-40.69	-70.32	-70.42
Investing Cash Flow	-3,118	-4,244	-2,668	-2,663	-2,633
Long-Term Debt Issued	2,589	1,970	1,460	2,464	4,494
Long-Term Debt Repaid	-2,110	-82.67	-594.3	-4,431	-5,379
Total Debt Repaid	-2,110	-82.67	-594.3	-4,431	-5,379
Net Debt Issued (Repaid)	478.9	1,887	865.23	-1,967	-884.69
Common Dividends Paid	-1,231	-1,096	-1,110	-775	-950
Other Financing Activities	-368.6	-343.53	-214.53	-160.8	-141.53
Financing Cash Flow	-1,121	448.2	-459.3	-2,903	-1,976
Foreign Exchange Rate Adjustments	52.6	-68.08	-2.55	105.53	-19.37
Miscellaneous Cash Flow Adjustments	0.1	0	-	-	-
Net Cash Flow	421	-456.03	290.31	221.02	-48.82
Free Cash Flow	1,787	533.48	779.24	3,089	1,995
Free Cash Flow Growth	235.04%	-31.54%	-74.77%	54.80%	-
Free Cash Flow Margin	22.44%	7.24%	11.43%	31.58%	33.02%
Free Cash Flow Per Share	0.72	0.21	0.31	1.24	0.80
Cash Interest Paid	368.6	343.53	214.53	160.8	141.53
Cash Income Tax Paid	2,059	2,523	2,463	2,687	-164.44
Levered Free Cash Flow	3,318	1,282	1,161	3,936	1,810
Unlevered Free Cash Flow	3,426	1,282	1,174	3,953	1,919
Change in Working Capital	178.1	202.98	372.57	-130.29	-403.03

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