Nokia Oyj (NOK) quarterly cash flow statement — complete operating, investing & financing history
Nokia Oyj (NOK) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | -620M | 783M | 375M | 597M | 209M | 890M | 208M | 795.21M | 489M | 1.07B | 1.87B | -330.71M | -333M | 83M | 571.73M | 400.46M | -61.92M | 559M | 545.12M | 862.88M |
| Operating CF Margin % | -12.88% | 17.41% | 6.12% | 12.37% | 4.6% | 20.27% | 3.48% | 18.38% | 10.95% | 24.01% | 32.77% | -7.02% | -6.12% | 1.42% | 7.68% | 6.42% | -1.05% | 10.45% | 8.5% | 15.98% |
| Operating CF Growth % | -396.65% | -12.02% | 80.29% | -24.93% | -57.26% | -16.59% | -88.88% | 340.46% | 246.85% | 1185.54% | 227.08% | -182.58% | -437.8% | -85.15% | 4.88% | -53.59% | -158.41% | -64.41% | -37.98% | 108.93% |
| Net Income | 5M | 87M | 544M | 80M | 96M | -60M | 820M | 151.6M | -142M | 435M | -32M | 147.95M | 290M | 279M | 3.22B | 418.8M | 493.81M | 219M | 774.96M | 401.94M |
| Depreciation & Amortization | 211M | 209M | 284M | 286M | 285M | 264M | 245M | 263.65M | 268M | 261M | 282M | 290.45M | 272M | 266M | 302.96M | 289.94M | 300.12M | 274M | 316.62M | 327.69M |
| Stock-Based Compensation | 136M | 0 | 0 | 0 | 0 | 0 | 241M | 0 | 0 | 0 | 0 | 0 | -113M | -72M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 41M | 93M | 64M | 150M | 40M | 23M | 0 | 0 | 91M | 0 | 551M | 0 | 116M | 112M | 0 | 0 | 0 | 76M | 0 | 0 |
| Other Non-Cash Items | 137M | -7M | 171M | 25M | -26M | 55M | -33M | 275.66M | 298M | -56M | 173M | 19.34M | -895M | -462M | -2.17B | 51.95M | 19.24M | -90M | -103.64M | 171.32M |
| Working Capital Changes | -1.15B | 401M | -688M | 56M | -186M | 608M | -1.06B | 104.3M | -26M | 427M | 896M | -788.45M | -3M | -40M | -776.67M | -360.22M | -875.09M | 80M | -442.81M | -38.07M |
| Change in Receivables | -280M | 219M | -964M | -353M | 671M | 621M | -1.91B | 390.89M | 427M | 765M | 618M | -429.39M | 48M | 33M | -604.54M | -667.63M | 410.26M | 349M | -862.95M | -75.35M |
| Change in Inventory | -372M | -151M | 208M | 54M | -84M | -29M | 440M | -86.54M | 12M | 32M | 530M | 39.72M | -51M | -73M | -39.22M | -499.3M | -257.26M | -212M | 158.7M | -78.22M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -200.05M | 0 | 0 | 0 | -398.79M | -950M | -466M | -132.91M | 806.71M | -1.03B | 0 | 261.43M | 115.5M |
| Cash from Investing | 279M | -49M | -326M | -189M | -248M | -633M | -213M | -89.33M | 279M | -100M | 93M | 124.34M | 1.07B | -227M | 113.12M | -441.92M | -666.13M | -861M | -253.84M | -1.23B |
| Capital Expenditures | -129M | -154M | -148M | -168M | -121M | -169M | -158M | -116.65M | -95M | -112M | -149M | -158.2M | -127M | -232M | -194.59M | -114.61M | -105.62M | -189M | -182.52M | -152.53M |
| CapEx % of Revenue | 2.68% | 3.42% | 2.42% | 3.48% | 2.66% | 3.85% | 2.64% | 2.7% | 2.13% | 2.52% | 2.61% | 3.36% | 2.34% | 3.96% | 2.61% | 1.84% | 1.8% | 3.53% | 2.85% | 2.83% |
| Acquisitions | 10M | 0 | -50M | -4M | -700M | -986M | -10M | 10.26M | 277M | 25M | 0 | 28.78M | -5M | 22M | -281.59K | -22.31M | 35.02M | 1.12M | 55.29M | 9.47M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 17M | 1M | -9M | 25M | 83M | 17M | -45M | 6.62M | 47M | 19M | 67M | -7.47M | 138M | -3M | 16.58M | -3.06M | -13.55M | -25M | -33.91M | -38.33M |
| Cash from Financing | -282M | -1.27B | 514M | -295M | -566M | -1.26B | -509M | -436.07M | -457M | -638M | -292M | -367.11M | -412M | -464M | -240.58M | -240.28M | -290.04M | -91M | -593.63M | -90.21M |
| Debt Issued (Net) | -58M | -1.09B | 321M | -79M | -273M | -555M | -72M | 19.98M | -142M | -464M | -76M | -18.72M | -163M | -271M | -7.1M | 19.62M | 7.32M | -44M | -523.88M | -9.54M |
| Equity Issued (Net) | 0 | -9M | 859M | 0 | -78M | -546M | -386M | -212.71M | -90M | -8M | -45M | -100.79M | -82M | -81M | -63.77M | -95.78M | -100.62M | -47M | 0 | 0 |
| Dividends Paid | -224M | -168M | -165M | -216M | -215M | -161M | -162M | -181.19M | -220M | -166M | -166M | -187.23M | -167M | -112M | -111.94M | -116.87M | -122.68M | 0 | -5.86M | -1.18M |
| Share Repurchases | 0 | -9M | 0 | 0 | -78M | -546M | -386M | -212.71M | -90M | -8M | -45M | -100.79M | -82M | -81M | -63.77M | -95.78M | -100.62M | -47M | 0 | 0 |
| Other Financing | 0 | 0 | -501M | 0 | 0 | 0 | 111M | -62.14M | -5M | 0 | -5M | -60.38M | 0 | 0 | -57.77M | -47.24M | -74.07M | 0 | -63.88M | -79.49M |
| Net Change in Cash | -603M | -511M | 570M | 95M | -746M | -1.08B | -448M | 515.64M | 320M | 327M | 1.63B | -695.1M | 279M | -640M | 744.39M | -614.76M | -1.35B | -350M | -391.23M | -599.91M |
| Free Cash Flow | -749M | 629M | 227M | 429M | 88M | 721M | 50M | 678.57M | 394M | 955M | 1.72B | -488.9M | -460M | -149M | 377.14M | 285.85M | -167.54M | 370M | 362.6M | 710.35M |
| FCF Margin % | -15.56% | 13.99% | 3.71% | 8.89% | 1.94% | 16.42% | 0.84% | 15.69% | 8.82% | 21.49% | 30.16% | -10.38% | -8.46% | -2.54% | 5.06% | 4.58% | -2.85% | 6.92% | 5.65% | 13.16% |
| FCF Growth % | -951.14% | -12.76% | 354% | -36.78% | -77.66% | -24.5% | -97.09% | 238.79% | 185.65% | 740.94% | 356.33% | -271.04% | -174.57% | -140.27% | 4.01% | -59.76% | -2293.36% | -73.17% | -51% | 124.79% |
| FCF per Share | -0.13 | 0.11 | 0.04 | 0.08 | 0.02 | 0.13 | 0.01 | 0.12 | 0.07 | 0.17 | 0.31 | -0.09 | -0.08 | -0.03 | 0.07 | 0.05 | -0.03 | 0.06 | 0.06 | 0.12 |
| FCF Conversion (FCF/Net Income) | -310.00x | 9.10x | 0.69x | 7.65x | 2.32x | -15.08x | 0.25x | 4.71x | -3.35x | 2.46x | -43.49x | -2.49x | -1.15x | 0.30x | 0.18x | 0.94x | -0.14x | 2.64x | 0.81x | 2.52x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 50M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |