Novo Nordisk A/S logo
Novo Nordisk A/S (NVO)
Compare

NVO Cash Flow Statement

Operating, investing, and financing cash flow analysis

NVO Quarterly Cash Flow Statement (USD)

Quarterly ReportTTM
03/31/2026
12/31/2025
09/30/2025
06/30/2025
03/31/2025
12/31/2024
09/30/2024
06/30/2024
18.564B3.714B1.195B7.230B6.425B3.563B1.702B6.544B7.272B
19.019B7.487B4.219B3.137B4.175B4.207B3.907B4.074B2.887B
3.396B545.251M872.678M1.216B761.342M554.967M719.403M320.844M1.274B
0.000.000.000.000.000.000.000.000.00
Change in Accounts Receivable
46.635B12.732B11.117B11.826B10.960B10.065B9.958B9.894B1.315B
Change in Inventory
Change in Accounts Payable
Change in Working Capital
-1.957B-5.124B3.196B-777.728M749.055M-2.380B1.883B-1.681B1.419B
Cash from Investing
-13.715B-1.856B-6.878B-2.417B-2.564B-2.114B-2.292B-1.866B-1.906B
164.312M6.785M157.528M0.000.000.00-11.279B0.000.00
Cash from Financing
Debt Repayment
-370.080M-370.080M0.000.000.00-201.121M-1.037B-358.898M-1.073B
-8.030B-5.445B0.00-2.613B27.410M-5.111B0.00-2.325B0.00
4.848B1.857B-5.683B4.813B3.861B1.450B-589.169M4.678B5.366B
Net Change in Cash
-2.794B-822.965M-881.778M2.140B-3.230B3.374B-5.725B626.318M6.695B

NVO Annual Cash Flow Statement (USD)

Annual Report
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
18.687B16.742B16.121B11.320B8.406B8.510B7.003B6.853B
16.072B13.977B12.387B7.968B7.299B6.902B5.831B5.933B
3.449B2.644B1.393B1.056B920.861M942.341M847.452M602.880M
0.00316.798M318.095M220.846M158.954M134.807M54.341M63.590M
Change in Accounts Receivable
11.117B9.958B9.587B7.255B6.212B746.746M560.211M3.500B
Change in Inventory
Change in Accounts Payable
Change in Working Capital
586.335M358.318M-1.813B-794.272M-1.323B-713.021M-507.184M-517.632M
Cash from Investing
-14.139B-7.101B-5.757B-2.117B-1.129B-3.617B-1.681B-1.906B
157.528M-11.371B0.00-1.015B-2.794B-64.210M-14.970M56.525M
Cash from Financing
Debt Repayment
-217.777M-2.793B-4.429B-3.456B-2.972B-2.761B-2.295B-2.391B
-8.122B-6.109B-4.702B-3.631B-3.289B-3.296B-2.906B-2.926B
4.548B9.641B10.363B9.203B7.277B4.893B5.322B4.947B
Net Change in Cash
1.696B174.799M257.407M277.529M-230.330M-521.703M-32.635M-234.854M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Novo Nordisk A/S

Novo Nordisk A/S is a global pharmaceutical firm dedicated to the investigation, creation, manufacturing, and distribution of medicinal products across a vast international footprint. Its market presence extends throughout Europe, the Middle East, Africa, various parts of Asia (including Mainland China, Hong Kong, and Taiwan), and North America. The company's operations are structured into two principal business units: Diabetes and Obesity Care, and Rare Disease. The Diabetes and Obesity Care division delivers therapies for diabetes, obesity, cardiovascular ailments, and other emerging therapeutic areas. Meanwhile, the Rare Disease division concentrates on providing treatments for rare blood disorders, uncommon endocrine conditions, and hormone replacement solutions. In addition to its core pharmaceutical offerings, Novo Nordisk produces specialized medical equipment such as insulin pens, growth hormone pens, and injection needles. It also pioneers smart digital solutions for diabetes management, including advanced insulin pens and the Dose Check application, designed to guide insulin dosage. The company engages in strategic alliances, notably a partnership with UNICEF to combat childhood obesity and a collaboration with Valo Health, Inc. to discover and advance novel drug pipelines in the cardiometabolic space. Founded in 1923, Novo Nordisk A/S is headquartered in Bagsvaerd, Denmark.

Bagsvaerd
77,406 employees
Healthcare / Drug Manufacturers - General
Sector
Healthcare
Industry
Drug Manufacturers - General
CEO
Maziar Mike Doustdar