Bavarian Nordic A/S (BVNRY)

Bavarian Nordic Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	1,475	-347.38	-464.78	277.52	-346.78
Depreciation & Amortization	553.82	399.25	388.31	360.15	57.05
Share-Based Compensation	55.48	49.28	56.86	33	26.45
Other Operating Activities	-965.28	118.9	-338.89	-98.76	-12.63
Operating Cash Flow	1,119	220.05	-358.5	571.91	-275.91
Operating Cash Flow Growth	408.61%	-	-	-	-
Capital Expenditures	-977.41	-1,381.58	-1,058.45	-706.71	-2,671.01
Acquisitions	-1,831.57	516.16	575.32	501.88	2,311
Change in Investments	-1,962.49	-1,672.32	-2,491.18	-3,488.19	-4,339.41
Other Investing Activities	3,826	1,660	97.36	1,781	3,890
Investing Cash Flow	-945.56	-877.41	-2,876.95	-1,911.53	-809.94
Common Stock Issued	1,645	37.92	2,964	2,739	10.32
Share Repurchases	-8.99	-9.33	-8.58	-11.1	-4.58
Other Financing Activities	-917.79	588.57	563.72	-1,415.6	1,100
Financing Cash Flow	735.83	635.82	3,536	1,335	1,115
Net Cash Flow	901.83	-16.41	306.33	-12.06	30.89
Free Cash Flow	141.8	-1,161.52	-1,416.95	-134.8	-2,946.92
Free Cash Flow Margin	2.01%	-36.86%	-74.66%	-7.28%	-444.83%
Free Cash Flow Per Share	1.85	-16.49	-22.45	-2.49	-72.22

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.