Norse Atlantic ASA Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-61.59	-135.45	-168.75	-174.97	-7.63
Depreciation & Amortization	82.21	86.98	83.42	58.17	0.34
Other Amortization	0.94	0.94	0.69	0.35	-
Stock-Based Compensation	0.09	0.28	0.31	-	-
Other Operating Activities	18.85	46.38	39.73	25.6	-0.26
Change in Other Net Operating Assets	68.96	56.52	24.05	22.22	1.47
Operating Cash Flow	109.45	55.64	-20.56	-68.64	-6.09
Capital Expenditures	-16.41	-22.42	-3.96	-14.64	-22.95
Investment in Securities	-1.63	-1.99	-3.37	-10.31	-3.69
Other Investing Activities	-0	-0	0	-0	-
Investing Cash Flow	-18.05	-24.41	-7.33	-24.96	-26.63
Long-Term Debt Issued	-	20	-	-	-
Long-Term Debt Repaid	-	-69.16	-28.21	-0.78	-
Total Debt Repaid	-72.26	-69.16	-28.21	-0.78	-0.07
Net Debt Issued (Repaid)	-72.26	-49.16	-28.21	-0.78	-0.07
Issuance of Common Stock	8.49	14.3	68.2	32.11	187.08
Other Financing Activities	-25.13	-25.89	-38.07	-8.74	-8.64
Financing Cash Flow	-88.9	-60.75	1.93	22.59	178.37
Foreign Exchange Rate Adjustments	0.27	-0.16	0.59	1.46	0.81
Miscellaneous Cash Flow Adjustments	0	0	-	-	-
Net Cash Flow	2.78	-29.68	-25.38	-69.54	146.46
Free Cash Flow	93.04	33.22	-24.52	-83.28	-29.03
Free Cash Flow Margin	13.83%	5.65%	-5.58%	-79.87%	-
Free Cash Flow Per Share	0.67	0.26	-0.36	-3.95	-1.50
Cash Interest Paid	-	-	-	0.56	0.01
Cash Income Tax Paid	0.66	0.38	0.14	-	-
Levered Free Cash Flow	93.17	23.27	12	-32.71	-
Unlevered Free Cash Flow	117.76	47.66	33.86	-17.45	-
Change in Working Capital	68.96	56.52	24.05	22.22	1.47

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