Novo Nordisk A/S (NVO)
NYSE: NVO · Real-Time Price · USD
37.45
-0.17 (-0.45%)
At close: Feb 27, 2026, 4:00 PM EST
37.49
+0.04 (0.10%)
After-hours: Feb 27, 2026, 7:59 PM EST
Novo Nordisk Cash Flow Statement
Financials in millions DKK. Fiscal year is January - December.
Millions DKK. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|
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 | 2020 - 2016 |
| Net Income | 102,434 | 100,988 | 83,683 | 55,525 | 47,757 | Upgrade
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| Depreciation & Amortization | 14,348 | 8,290 | 7,289 | 6,553 | 5,452 | Upgrade
|
| Other Amortization | 318 | 255 | - | - | - | Upgrade
|
| Asset Writedown & Restructuring Costs | 7,316 | 10,562 | 2,124 | 809 | 573 | Upgrade
|
| Loss (Gain) From Sale of Investments | 4,161 | -5,079 | -556 | 2,572 | - | Upgrade
|
| Loss (Gain) on Equity Investments | 17 | 17 | -81 | 189 | - | Upgrade
|
| Stock-Based Compensation | 1,435 | 2,289 | 2,149 | 1,539 | - | Upgrade
|
| Other Operating Activities | -14,664 | 1,057 | -5,413 | 17,235 | 10,281 | Upgrade
|
| Change in Accounts Receivable | 1,093 | -7,179 | -14,210 | -9,917 | -12,909 | Upgrade
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| Change in Inventory | -8,774 | -9,038 | -7,423 | -4,767 | -1,085 | Upgrade
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| Change in Accounts Payable | 2,618 | 5,011 | 7,529 | 6,717 | 3,153 | Upgrade
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| Change in Other Net Operating Assets | 8,800 | 13,795 | 33,817 | 2,432 | 1,778 | Upgrade
|
| Operating Cash Flow | 119,102 | 120,968 | 108,908 | 78,887 | 55,000 | Upgrade
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| Operating Cash Flow Growth | -1.54% | 11.07% | 38.06% | 43.43% | 5.87% | Upgrade
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| Capital Expenditures | -60,140 | -47,164 | -25,806 | -12,146 | -6,335 | Upgrade
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| Cash Acquisitions | 1,004 | -82,163 | - | -7,075 | -18,283 | Upgrade
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| Sale (Purchase) of Intangibles | -29,973 | -4,145 | -13,090 | -2,607 | -1,050 | Upgrade
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| Investment in Securities | 9,951 | 4,577 | -4,996 | -3,090 | -5,941 | Upgrade
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| Other Investing Activities | - | - | - | - | 4 | Upgrade
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| Investing Cash Flow | -79,158 | -128,895 | -43,892 | -24,918 | -31,605 | Upgrade
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| Long-Term Debt Issued | 103,931 | 79,391 | - | 11,215 | 22,160 | Upgrade
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| Long-Term Debt Repaid | -79,188 | -6,335 | -1,467 | -13,623 | -6,689 | Upgrade
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| Net Debt Issued (Repaid) | 24,743 | 73,056 | -1,467 | -2,408 | 15,471 | Upgrade
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| Repurchase of Common Stock | -1,388 | -20,181 | -29,924 | -24,086 | -19,447 | Upgrade
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| Common Dividends Paid | -51,763 | -44,140 | -31,767 | -25,303 | -21,517 | Upgrade
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| Financing Cash Flow | -28,408 | 8,735 | -63,158 | -51,797 | -25,493 | Upgrade
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| Foreign Exchange Rate Adjustments | -727 | 455 | -119 | -238 | 591 | Upgrade
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| Net Cash Flow | 10,809 | 1,263 | 1,739 | 1,934 | -1,507 | Upgrade
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| Free Cash Flow | 58,962 | 73,804 | 83,102 | 66,741 | 48,665 | Upgrade
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| Free Cash Flow Growth | -20.11% | -11.19% | 24.51% | 37.14% | 5.50% | Upgrade
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| Free Cash Flow Margin | 19.08% | 25.41% | 35.78% | 37.72% | 34.56% | Upgrade
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| Free Cash Flow Per Share | 13.26 | 16.54 | 18.49 | 14.69 | 10.56 | Upgrade
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| Cash Interest Paid | 3,419 | 612 | 491 | 272 | 261 | Upgrade
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| Cash Income Tax Paid | 32,014 | 29,636 | 25,897 | 14,515 | 14,438 | Upgrade
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| Levered Free Cash Flow | 376.88 | 60,573 | 54,547 | 57,496 | 43,897 | Upgrade
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| Unlevered Free Cash Flow | 3,006 | 61,598 | 54,885 | 57,732 | 44,078 | Upgrade
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| Change in Working Capital | 3,737 | 2,589 | 19,713 | -5,535 | -9,063 | Upgrade
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Source: S&P Capital IQ. Standard template. Financial Sources.