Cadeler A/S (CDLR)

Cadeler Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	271.34	280.18	65.07	11.5	35.54	7.45
Depreciation & Amortization	127.82	107.52	56.6	23.05	22.68	16.48
Stock-Based Compensation	2.12	2.07	1.66	1.13	0.35	-0.32
Other Adjustments	189.85	153.42	63.56	39.24	24.87	4.66
Change in Receivables	-10.79	-133.7	-62.71	28.54	-18.03	-9.88
Changes in Inventories	-2.13	-2.5	0.79	-1.14	-0.11	-0.13
Changes in Accounts Payable	-25.73	8.13	0.38	-16.09	0.66	2.45
Changes in Unearned Revenue	93.96	112.28	33.48	8.79	-13	7.35
Changes in Other Operating Activities	-15.06	-17.38	-39.24	20.25	-30.43	2.14
Operating Cash Flow	416.03	394.2	93.1	63.38	29.04	30.2
Operating Cash Flow Growth	314.58%	323.41%	46.89%	118.29%	-3.85%	-
Capital Expenditures	-860.43	-1,236	-615.54	-66.9	-224.61	-162.94
Sale of Property, Plant & Equipment	-	-	-	1.8	-	-
Purchases of Intangible Assets	-1.21	-1.51	-0.41	-0.03	-0.23	-0.43
Payments for Business Acquisitions	-	-	-	10.4	-	-
Other Investing Activities	0.45	-26.99	-7.01	-	-0.57	-
Investing Cash Flow	-873.98	-1,264	-622.96	-54.73	-225.41	-163.38
Short-Term Debt Issued	-	-	-	-	16.07	9
Short-Term Debt Repaid	-	-	-	-	-25.07	-
Net Short-Term Debt Issued (Repaid)	-	-	-	-	-9	9
Long-Term Debt Issued	813.42	1,309	365.98	199.94	113.46	-
Long-Term Debt Repaid	-303.2	-281.35	-12.59	-115.57	-65.23	-10.29
Net Long-Term Debt Issued (Repaid)	510.21	1,028	353.38	84.37	48.23	-10.29
Issuance of Common Stock	170.42	-	151.94	-6.96	178.08	77.06
Repurchase of Common Stock	-0.86	-1.72	-1.28	-	-	-
Net Common Stock Issued (Repurchased)	169.56	-1.72	150.66	-6.96	178.08	77.06
Other Financing Activities	-74.46	-58.45	-22.06	-7.14	-4.23	-3.93
Financing Cash Flow	604.45	967.69	481.99	70.27	213.08	71.85
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.97	2.7	2.52	-1.33	-	-
Net Cash Flow	132.43	97.73	-47.87	78.92	16.7	-61.33
Free Cash Flow	-444.41	-841.47	-522.44	-3.52	-195.57	-132.74
FCF Margin	-65.39%	-135.64%	-210.04%	-3.24%	-183.76%	-217.83%
Free Cash Flow Per Share	-5.07	-9.49	-6.02	-0.07	-4.77	-4.05
Levered Free Cash Flow	99.98	280.41	-145.09	63.82	-170.02	-128.49
Unlevered Free Cash Flow	-368.54	-718.37	-496.58	-17.6	-203.6	-123.5

Updated May 20, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q