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Price: 295.6 NOK 1.06% Market Closed

Market Cap: kr436.8B

Cash Flow Statement

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Currency: NOK

		Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025
Operating Cash Flow
Cash Taxes Paid		(193)	(193)	(977)	(193)	(1 848)	(1 920)	(1 076)	(2 034)	(613)	(763)	(954)	(858)	(3 980)	(3 928)	(4 326)	(4 371)	(928)	(918)	(627)	(660)	(1 070)	(1 019)	(9 645)	(9 679)	(8 874)	(10 239)	(4 979)	(5 139)	(5 428)	(4 414)	(1 054)	(453)	(542)	29	(6 427)	(6 991)	(7 648)	(11 357)	(5 304)	(5 212)	(2 993)	257	105	(177)	(2 575)	(2 661)	(2 501)	(2 075)	(2 918)	(3 332)	(11 456)	(11 448)	(10 771)	(10 679)	(2 782)	(2 811)	(4 785)	(4 801)	(4 476)	(4 392)	(2 022)	(1 918)	(1 961)	(2 642)	(9 211)	(10 691)	(11 230)	(10 858)	(7 119)	(5 265)	(6 199)	(5 961)	(3 645)	(4 375)	(2 152)	(2 849)	(2 956)	(2 595)	(11 317)	(11 880)	(10 122)	(10 116)	(2 861)	(1 970)
Cash Interest Paid		(7 158)	(7 079)	(6 373)	(6 224)	(6 421)	(6 350)	(7 382)	(6 875)	(9 065)	(10 819)	(12 831)	(17 748)	(17 733)	(20 703)	(22 505)	(23 251)	(24 850)	(23 495)	(20 720)	(16 622)	(12 294)	(10 345)	(9 849)	(10 312)	(20 566)	(23 407)	(26 094)	(22 638)	(22 431)	(20 087)	(18 062)	(21 742)	(22 008)	(21 201)	(20 153)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(4 098)	(5 999)	(12 541)	(29 465)	(40 931)	(56 143)	(72 438)	(94 298)	(101 803)	(108 345)	(110 726)	(118 200)	(118 508)	(121 280)	(117 068)
Change in Working Capital		8 931	4 821	15 016	7 988	9 364	10 208	20	(1 026)	4 103	26 544	42 816	71 370	54 925	62 967	62 453	56 642	52 341	49 782	8 258	(89 196)	(73 006)	(94 128)	1 326	24 570	24 872	170 743	(24 444)	187 873	156 265	76 186	160 678	(16 985)	6 336	5 327	39 848	78 721	(126 373)	(26 580)	(205 343)	(192 402)	(185 070)	(174 034)	(61 551)	(139 554)	(84 861)	(160 682)	(86 530)	(21 594)	175 490	170 588	158 588	182 373	(56 720)	(33 321)	34 482	(57 774)	(9 767)	(18 511)	(50 569)	(16 965)	(13 413)	69 552	(7 654)	(77 418)	52 907	(60 395)	118 177	144 909	11 142	42 623	(62 762)	54 038	42 062	191 093	194 513	233 824	101 379	356 267	113 377	95 595	(28 122)	(89 415)	79 158	(185 917)
Cash from Operating Activities		(18 429) N/A	(24 325) -32%	(22 548) +7%	(32 509) -44%	(39 472) -21%	(54 865) -39%	(59 774) -9%	(85 032) -42%	(74 933) +12%	(22 320) +70%	(24 058) -8%	11 610 N/A	(48 558) N/A	(104 397) -115%	(102 002) +2%	(118 059) -16%	(83 792) +29%	(44 428) +47%	(49 983) -13%	(109 903) -120%	(63 356) +42%	(91 346) -44%	(8 950) +90%	(7 464) +17%	(9 457) -27%	175 467 N/A	(97 920) N/A	205 807 N/A	116 686 -43%	64 506 -45%	244 405 +279%	(15 401) N/A	25 097 N/A	35 973 +43%	129 551 +260%	73 639 -43%	(96 867) N/A	(48 956) +49%	(295 523) -504%	(158 495) +46%	(147 567) +7%	(132 331) +10%	(19 683) +85%	(97 889) -397%	(43 092) +56%	(119 865) -178%	(46 371) +61%	17 719 N/A	215 371 +1 115%	209 323 -3%	189 302 -10%	213 416 +13%	(24 657) N/A	(225) +99%	75 611 N/A	(16 024) N/A	31 024 N/A	22 980 -26%	(7 354) N/A	28 399 N/A	29 974 +6%	112 792 +276%	33 867 -70%	(41 020) N/A	84 573 N/A	(33 157) N/A	142 854 N/A	169 940 +19%	41 585 -76%	61 350 +48%	(56 565) N/A	44 236 N/A	8 952 -80%	145 787 +1 529%	136 218 -7%	158 537 +16%	4 125 -97%	251 869 +6 006%	(6 285) N/A	(27 011) -330%	(156 444) -479%	(218 039) -39%	(44 983) +79%	(304 955) -578%
Investing Cash Flow
Capital Expenditures		(401)	(474)	(324)	(322)	(242)	(315)	(455)	(697)	(932)	(1 091)	(1 580)	407	3 087	2 890	2 973	558	(3 544)	(3 123)	(3 173)	(3 888)	(1 118)	(1 077)	(1 144)	(429)	(2 032)	(2 543)	(2 362)	(2 194)	(2 738)	(2 800)	(3 166)	(3 316)	(6 984)	(6 981)	(6 911)	(6 939)	(3 881)	(3 751)	(3 648)	(3 319)	(2 512)	(2 283)	(2 204)	0	0	(900)	(742)	(892)	(1 540)	(1 780)	(2 157)	(1 830)	(2 305)	(2 063)	(1 385)	(2 231)	(2 283)	0	(6 054)	(2 602)	(2 599)	(3 532)	(9)	(3 582)	(3 835)	(3 779)	(4 248)	(4 853)	(4 486)	(4 302)	(4 616)	(4 308)	(3 513)	(4 202)	(3 597)	(3 459)	(4 081)	(3 568)	(3 401)	(3 104)	(2 677)	(2 462)	(2 507)	(2 168)
Other Items		4 131	4 074	4 725	1 646	1	(260)	(1 012)	(1 464)	160	345	(865)	(3 046)	(3 823)	(6 373)	(4 954)	(2 855)	(2 438)	38	(168)	1	136	134	279	308	(1 151)	(1 166)	(1 415)	(1 744)	(498)	(675)	(564)	(427)	(302)	1 157	1 382	1 572	2 006	1 678	1 912	1 480	1 152	(21)	(514)	957	5 894	6 282	7 345	6 350	(584)	(678)	(1 500)	(1 601)	304	337	49	200	(260)	893	(4 756)	(821)	4 129	2 010	7 747	3 160	(888)	12	471	613	93	(9 116)	(8 666)	(8 080)	(4 136)	5 937	5 307	6 422	2 325	2 124	1 885	786	1 797	(9 008)	(12 953)	(13 151)
Cash from Investing Activities		3 730 N/A	3 600 -3%	4 401 +22%	1 324 -70%	(241) N/A	(575) -139%	(1 467) -155%	(2 161) -47%	(772) +64%	(746) +3%	(2 445) -228%	(2 639) -8%	(736) +72%	(3 483) -373%	(1 981) +43%	(2 297) -16%	(5 982) -160%	(3 085) +48%	(3 341) -8%	(3 887) -16%	(982) +75%	(943) +4%	(865) +8%	(121) +86%	(3 183) -2 531%	(3 709) -17%	(3 777) -2%	(3 938) -4%	(3 236) +18%	(3 475) -7%	(3 730) -7%	(3 743) 0%	(7 286) -95%	(5 824) +20%	(5 529) +5%	(5 367) +3%	(1 875) +65%	(2 073) -11%	(1 736) +16%	(1 839) -6%	(1 360) +26%	(2 304) -69%	(2 718) -18%	(49) +98%	5 894 N/A	6 181 +5%	7 402 +20%	5 458 -26%	(2 124) N/A	(2 458) -16%	(3 657) -49%	(3 431) +6%	(2 001) +42%	(1 726) +14%	(1 336) +23%	(2 031) -52%	(2 543) -25%	(989) +61%	(10 810) -993%	(3 423) +68%	1 530 N/A	(1 522) N/A	7 738 N/A	(422) N/A	(4 723) -1 019%	(3 767) +20%	(3 777) 0%	(4 240) -12%	(4 393) -4%	(13 418) -205%	(13 282) +1%	(12 388) +7%	(7 649) +38%	1 735 N/A	1 710 -1%	2 963 +73%	(1 756) N/A	(1 444) +18%	(1 516) -5%	(2 318) -53%	(880) +62%	(11 470) -1 203%	(15 460) -35%	(15 319) +1%
Financing Cash Flow
Net Issuance of Common Stock		568	441	455	451	320	23	442	328	(212)	(212)	(645)	(635)	(108)	(108)	(108)	0	0	0	0	0	13 732	13 732	13 732	13 732	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(930)	(1 659)	(2 496)	(4 382)	(4 417)	(3 688)	(3 788)	(3 167)	(2 202)	(3 778)	(4 422)	(4 814)	(4 814)	(3 247)	(1 649)	1	7	20	3	10	4	(15)	(1 074)	(1 541)	(4 088)	(6 916)	(7 507)	(10 671)	(9 944)	(7 101)	0	(3 353)	(3 687)
Net Issuance of Debt		21 673	(3 775)	3 869	7 622	57 870	6 831	6 805	15 318	94 935	4 594	13 757	(8 402)	83 123	(12 867)	(13 896)	(3 423)	168 107	(24 543)	(38 554)	(38 826)	52 650	39 474	85 243	81 172	15 816	74 600	7 843	44 002	113 327	137 929	173 278	139 490	77 615	(46 769)	(57 919)	(38 125)	(30 889)	29 559	19 684	(10 227)	39 763	45 849	(2 162)	47 935	(4 205)	1 726	47 753	8 228	(4 143)	13 170	(50 781)	(35 931)	(7 781)	(63 170)	79 961	21 833	7 401	80 239	50 482	92 921	142 386	(4 416)	(82 108)	25 231	(73 182)	68 044	69 187	37 832	24 188	(56 044)	(10 749)	(72 257)	23 415	34 601	45 266	43 609	35 804	25 116	14 124	719	5 332	11 084	20 483	8 526
Cash Paid for Dividends		(2 909)	(2 909)	(3 400)	(3 400)	(3 410)	(3 410)	(4 680)	(4 680)	(4 680)	(4 680)	(5 336)	(5 336)	(5 336)	(5 336)	(5 997)	(5 997)	(5 997)	(5 997)	0	0	0	0	(2 850)	(2 850)	(2 850)	(2 850)	(6 515)	(6 515)	(6 515)	(6 515)	(3 258)	(3 258)	(3 258)	(3 258)	(3 420)	(3 420)	(3 420)	(3 420)	(4 398)	(4 398)	(4 398)	0	(6 189)	(6 189)	(6 189)	0	(7 330)	(7 330)	(7 330)	0	(9 284)	(9 284)	(9 284)	0	(11 450)	(11 450)	(11 450)	0	(13 105)	(13 105)	(13 105)	0	0	0	0	(13 023)	(13 023)	(13 023)	(26 976)	0	(29 069)	(29 069)	(15 116)	0	(19 316)	(19 316)	(19 316)	0	(24 153)	(24 153)	(24 153)	0	(24 835)	(24 835)
Other		(5 671)	48 752	48 919	44 331	(4 950)	27 787	37 045	61 607	(20 460)	47 845	11 308	(2 947)	(31 042)	119 460	135 157	168 847	(32 977)	116 470	129 715	134 172	(19 003)	(1 970)	(133 078)	(97 402)	(12 906)	(1 459)	106 919	14 959	(15 654)	(16 319)	(17 293)	(15 682)	(13 754)	(13 809)	(13 894)	(13 038)	(12 968)	(13 540)	(12 922)	(13 250)	(13 498)	(6 481)	(6 879)	(6 926)	(8 210)	(17 216)	(15 601)	(16 231)	(9 935)	(8 990)	(10 377)	(10 271)	(15 361)	(15 168)	(14 844)	(14 948)	(15 664)	(16 667)	(14 937)	(15 453)	(8 380)	(17 644)	(19 952)	(18 403)	(25 803)	(14 702)	(14 092)	(13 828)	(12 976)	(15 182)	(11 329)	(6 908)	(2 803)	5 813	5 742	5 842	4 604	4 597	9 472	5 908	(3 653)	(6 486)	(11 600)	(11 751)
Cash from Financing Activities		13 661 N/A	42 509 +211%	49 843 +17%	49 004 -2%	49 830 +2%	31 231 -37%	39 612 +27%	72 573 +83%	69 583 -4%	47 547 -32%	19 084 -60%	(17 320) N/A	46 637 N/A	101 149 +117%	115 156 +14%	159 427 +38%	129 133 -19%	85 930 -33%	91 161 +6%	95 346 +5%	47 379 -50%	51 236 +8%	(36 953) N/A	(5 348) +86%	60 N/A	70 291 +117 052%	108 247 +54%	52 446 -52%	91 158 +74%	115 095 +26%	152 727 +33%	120 550 -21%	60 603 -50%	(63 836) N/A	(75 233) -18%	(54 583) +27%	(47 277) +13%	12 599 N/A	2 364 -81%	(27 875) N/A	21 867 N/A	34 970 +60%	(15 230) N/A	34 820 N/A	(18 604) N/A	(21 679) -17%	24 822 N/A	(15 333) N/A	(21 408) -40%	(3 150) +85%	(70 442) -2 136%	(56 416) +20%	(34 085) +40%	(90 118) -164%	49 285 N/A	(8 982) N/A	(23 401) -161%	48 334 N/A	19 273 -60%	62 161 +223%	117 123 +88%	(39 587) N/A	(106 874) -170%	2 014 N/A	(102 232) N/A	38 670 N/A	42 073 +9%	10 988 -74%	(15 744) N/A	(85 176) -441%	(51 137) +40%	(108 230) -112%	5 481 N/A	24 224 +342%	30 151 +24%	26 047 -14%	14 176 -46%	2 890 -80%	(11 228) N/A	(27 470) -145%	(29 575) -8%	(25 006) +15%	(19 305) +23%	(31 747) -64%
Change in Cash
Effect of Foreign Exchange Rates		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1 895	(152)	584	(302)	(3 771)	(1 787)	(2 452)	(1 656)	(153)	(8 546)	(1 763)	7 010	967	6 274	3 616	(11 226)	(3 468)	11 195	23 143	19 987	13 934	(4 586)	(12 263)	2 439	19 269	39 251	20 631	35 079	14 670	(5 691)	7 444	(18 371)	(272)	3 113	1 492	11 097	3 827	7 228	(380)	534	97	(618)	6 339	891	(174)	(1 936)	4 632	5 915	3 723	(2 778)	(5 306)	(6 796)	(2 805)	5 907	1 439	(5 914)	2 603	11 911	12 186	22 958	1 913	6 306	(5 093)	(10 410)	3 559	(30 028)	(11 933)	(1 193)
Net Change in Cash		(1 038) N/A	21 784 N/A	31 696 +46%	17 819 -44%	10 117 -43%	(24 209) N/A	(21 629) +11%	(14 620) +32%	(6 122) +58%	24 481 N/A	(7 419) N/A	(8 349) -13%	(2 657) +68%	(6 731) -153%	11 173 N/A	39 071 +250%	41 254 +6%	38 265 -7%	38 421 +0%	(18 746) N/A	(20 730) -11%	(42 840) -107%	(49 220) -15%	(14 589) +70%	(12 733) +13%	233 503 N/A	4 787 -98%	261 325 +5 359%	205 575 -21%	182 400 -11%	397 018 +118%	90 180 -77%	74 946 -17%	(22 492) N/A	71 932 N/A	33 676 -53%	(132 085) N/A	(43 016) +67%	(307 158) -614%	(185 770) +40%	(107 791) +42%	(60 414) +44%	(17 000) +72%	(28 039) -65%	(41 132) -47%	(141 054) -243%	(6 703) +95%	(10 527) -57%	191 567 N/A	206 828 +8%	116 695 -44%	164 666 +41%	(56 916) N/A	(84 841) -49%	123 180 N/A	(26 503) N/A	5 177 N/A	69 707 +1 246%	7 448 -89%	88 028 +1 082%	148 453 +69%	69 747 -53%	(60 637) N/A	(33 513) +45%	(18 659) +44%	(1 032) +94%	175 844 N/A	169 892 -3%	18 643 -89%	(31 337) N/A	(119 545) -281%	(82 296) +31%	9 387 N/A	183 657 +1 857%	180 265 -2%	210 505 +17%	18 458 -91%	259 621 +1 307%	(24 122) N/A	(67 209) -179%	(183 340) -173%	(284 543) -55%	(91 681) +68%	(353 214) -285%

Income Statement Balance Sheet Cash Flow Statement

Income Statement Balance Sheet Cash Flow Statement

See Also

Relative Valuation

Wall Street Estimates

Profitability Analysis

Solvency Analysis

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