Telenor ASA (TELNF) Financial Statements
Price: $13.85
Market Cap: $18.95B
Avg Volume: 670
Market Cap: $18.95B
Avg Volume: 670
Country: NO
Industry: Telecommunications Services
Sector: Communication Services
Industry: Telecommunications Services
Sector: Communication Services
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Telenor ASA.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $79.93B | $80.45B | $98.95B | $110.24B | $122.81B | $113.67B | $110.36B | $124.76B | $131.43B | $128.18B |
| Cost of Revenue | $17.73B | $19.06B | $26.40B | $29.18B | $29.77B | $27.91B | $26.18B | $31.04B | $34.10B | $35.15B |
| Gross Profit | $62.20B | $61.40B | $72.55B | $81.06B | $93.04B | $85.75B | $84.18B | $93.72B | $97.33B | $93.03B |
| Gross Profit Ratio | 77.82% | 76.31% | 73.32% | 73.53% | 75.76% | 75.44% | 76.28% | 75.12% | 74.06% | 72.58% |
| Research and Development Expenses | $- | $821.00M | $177.00M | $187.00M | $238.00M | $280.00M | $372.00M | $512.00M | $1.20B | $511.00M |
| General and Administrative Expenses | $- | $1.75B | $1.95B | $1.80B | $2.02B | $- | $1.81B | $2.23B | $2.48B | $2.81B |
| Selling and Marketing Expenses | $- | $5.29B | $6.16B | $6.83B | $7.52B | $7.79B | $7.83B | $9.06B | $11.18B | $11.13B |
| Selling General and Administrative Expenses | $- | $7.04B | $8.11B | $6.83B | $7.52B | $7.79B | $9.63B | $11.29B | $13.66B | $13.95B |
| Other Expenses | $43.58B | $36.58B | $-750.00M | $28.00M | $150.00M | $46.00M | $- | $140.00M | $601.00M | $-2.00M |
| Operating Expenses | $43.58B | $44.43B | $53.45B | $59.23B | $67.54B | $60.46B | $61.88B | $67.13B | $71.60B | $67.67B |
| Cost and Expenses | $61.31B | $63.49B | $79.85B | $88.41B | $97.31B | $88.37B | $88.06B | $98.17B | $105.69B | $102.82B |
| Interest Income | $1.04B | $1.06B | $290.00M | $383.00M | $500.00M | $644.00M | $479.00M | $408.00M | $194.00M | $258.00M |
| Interest Expense | $4.42B | $4.26B | $2.64B | $3.00B | $3.97B | $4.56B | $2.13B | $2.60B | $2.64B | $2.31B |
| Depreciation and Amortization | $16.94B | $17.53B | $17.11B | $23.25B | $26.30B | $24.53B | $20.04B | $19.62B | $19.58B | $20.57B |
| EBITDA | $46.23B | $22.89B | $39.39B | $50.57B | $56.77B | $50.15B | $41.70B | $44.37B | $49.75B | $35.89B |
| EBITDA Ratio | 57.83% | 28.45% | 39.81% | 45.87% | 46.23% | 44.12% | 37.78% | 35.57% | 37.85% | 28.00% |
| Operating Income | $18.62B | $16.96B | $14.06B | $21.51B | $29.50B | $25.70B | $22.09B | $26.74B | $17.07B | $22.76B |
| Operating Income Ratio | 23.30% | 21.09% | 14.21% | 19.51% | 24.02% | 22.61% | 20.01% | 21.43% | 12.99% | 17.76% |
| Total Other Income Expenses Net | $6.24B | $-15.87B | $-5.80B | $-7.78B | $-3.69B | $-5.09B | $-4.39B | $-5.61B | $-7.14B | $-9.74B |
| Income Before Tax | $24.87B | $1.10B | $10.73B | $17.08B | $25.64B | $20.97B | $18.85B | $21.96B | $11.73B | $13.02B |
| Income Before Tax Ratio | 31.11% | 1.36% | 10.85% | 15.50% | 20.88% | 18.45% | 17.08% | 17.60% | 8.93% | 10.16% |
| Income Tax Expense | $3.73B | $4.33B | $-2.91B | $5.74B | $6.58B | $9.03B | $6.18B | $6.85B | $5.92B | $6.32B |
| Net Income | $19.11B | $13.73B | $44.91B | $1.53B | $17.34B | $7.77B | $14.73B | $11.98B | $2.83B | $3.41B |
| Net Income Ratio | 23.90% | 17.07% | 45.39% | 1.39% | 14.12% | 6.84% | 13.35% | 9.61% | 2.15% | 2.66% |
| EPS | $14.14 | $9.90 | $9.76 | $1.46 | $11.07 | $5.42 | $10.00 | $7.99 | $1.89 | $2.27 |
| EPS Diluted | $14.14 | $9.90 | $9.76 | $1.46 | $11.07 | $5.42 | $10.00 | $7.99 | $1.89 | $2.27 |
| Weighted Average Shares Outstanding | 1.35B | 1.39B | 1.40B | 1.40B | 1.41B | 1.44B | 1.47B | 1.50B | 1.50B | 1.50B |
| Weighted Average Shares Outstanding Diluted | 1.35B | 1.39B | 1.40B | 1.40B | 1.41B | 1.44B | 1.47B | 1.50B | 1.50B | 1.50B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $10.38B | $19.56B | $9.93B | $15.22B | $20.58B | $13.87B | $18.49B | $22.55B | $23.09B | $13.96B |
| Short Term Investments | $1.61B | $1.30B | $327.00M | $375.00M | $395.00M | $542.00M | $391.00M | $916.00M | $1.76B | $1.04B |
| Cash and Short Term Investments | $11.99B | $20.86B | $10.26B | $15.60B | $20.97B | $14.41B | $18.88B | $23.46B | $24.85B | $15.00B |
| Net Receivables | $- | $- | $15.03B | $15.28B | $21.91B | $21.61B | $19.15B | $16.85B | $16.87B | $16.93B |
| Inventory | $877.00M | $955.00M | $1.56B | $1.56B | $1.31B | $1.49B | $1.70B | $1.77B | $1.80B | $2.27B |
| Other Current Assets | $14.58B | $17.94B | $20.37B | $26.68B | $27.78B | $30.96B | $23.68B | $28.23B | $26.34B | $25.04B |
| Total Current Assets | $27.45B | $39.76B | $32.18B | $43.84B | $50.06B | $46.86B | $44.26B | $53.47B | $52.99B | $42.31B |
| Property Plant Equipment Net | $80.80B | $77.46B | $111.35B | $124.33B | $142.18B | $142.56B | $73.36B | $75.56B | $72.02B | $69.21B |
| Goodwill | $26.32B | $25.23B | $27.33B | $27.45B | $28.95B | $27.45B | $14.40B | $26.45B | $24.52B | $23.97B |
| Intangible Assets | $9.54B | $9.28B | $9.69B | $10.20B | $11.22B | $11.37B | $36.37B | $30.60B | $33.06B | $40.49B |
| Goodwill and Intangible Assets | $35.86B | $34.51B | $37.02B | $37.64B | $40.17B | $38.82B | $50.77B | $57.05B | $57.58B | $64.46B |
| Long Term Investments | $65.95B | $55.78B | $46.59B | $10.57B | $11.44B | $9.64B | $13.30B | $9.79B | $15.92B | $19.81B |
| Tax Assets | $4.61B | $4.31B | $5.54B | $2.19B | $2.84B | $2.44B | $2.70B | $1.92B | $2.16B | $3.37B |
| Other Non-Current Assets | $14.90B | $6.56B | $6.57B | $7.16B | $9.83B | $8.57B | $6.87B | $3.99B | $5.66B | $5.75B |
| Total Non-Current Assets | $202.13B | $178.62B | $207.07B | $181.90B | $206.46B | $202.04B | $147.01B | $148.30B | $153.33B | $162.60B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $229.58B | $218.38B | $239.25B | $225.74B | $256.53B | $248.90B | $191.27B | $201.77B | $206.32B | $204.91B |
| Account Payables | $22.77B | $5.50B | $7.96B | $9.08B | $9.06B | $9.41B | $8.19B | $8.79B | $8.44B | $8.40B |
| Short Term Debt | $15.19B | $15.84B | $15.23B | $16.18B | $16.06B | $23.41B | $15.64B | $19.83B | $23.15B | $11.79B |
| Tax Payables | $1.71B | $5.32B | $5.42B | $8.86B | $8.10B | $8.58B | $9.15B | $8.81B | $8.10B | $7.63B |
| Deferred Revenue | $- | $- | $28.67B | $35.57B | $33.55B | $38.18B | $42.31B | $46.57B | $44.19B | $41.58B |
| Other Current Liabilities | $6.71B | $19.32B | $25.17B | $28.05B | $27.31B | $31.63B | $34.47B | $39.26B | $37.92B | $37.16B |
| Total Current Liabilities | $46.38B | $45.99B | $53.78B | $62.17B | $60.54B | $73.03B | $67.46B | $76.68B | $77.62B | $64.98B |
| Long Term Debt | $86.43B | $86.35B | $103.30B | $115.21B | $133.94B | $115.66B | $55.30B | $51.06B | $59.66B | $62.93B |
| Deferred Revenue Non-Current | $- | $- | $13.65B | $11.51B | $12.87B | $11.49B | $10.00B | $7.65B | $9.35B | $9.58B |
| Deferred Tax Liabilities Non-Current | $3.87B | $3.38B | $3.64B | $4.37B | $4.83B | $4.90B | $3.32B | $3.36B | $2.97B | $3.02B |
| Other Non-Current Liabilities | $10.36B | $12.23B | $513.00M | $985.00M | $438.00M | $480.00M | $739.00M | $681.00M | $1.32B | $1.27B |
| Total Non-Current Liabilities | $100.66B | $101.96B | $121.10B | $132.08B | $152.08B | $132.53B | $69.36B | $62.75B | $73.31B | $76.81B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $147.04B | $147.95B | $174.88B | $194.25B | $212.62B | $205.56B | $136.82B | $139.43B | $150.92B | $141.78B |
| Preferred Stock | $- | $28.07B | $24.16B | $26.15B | $25.19B | $20.53B | $17.80B | $10.40B | $6.27B | $- |
| Common Stock | $8.28B | $8.40B | $8.47B | $8.47B | $8.47B | $8.61B | $8.82B | $9.03B | $9.08B | $9.08B |
| Retained Earnings | $90.20B | $84.17B | $75.84B | $43.98B | $55.05B | $49.98B | $58.42B | $58.88B | $58.00B | $66.43B |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-24.16B | $-26.15B | $-25.19B | $-20.53B | $-17.80B | $-10.40B | $-6.27B | $9.08B |
| Other Total Stockholders Equity | $-21.85B | $-56.16B | $-48.33B | $-52.31B | $-50.39B | $-41.07B | $-35.59B | $-20.81B | $-22.47B | $-26.12B |
| Total Stockholders Equity | $76.62B | $64.48B | $60.13B | $26.29B | $38.32B | $38.05B | $49.44B | $57.50B | $50.88B | $58.47B |
| Total Equity | $82.54B | $70.43B | $64.37B | $31.50B | $43.91B | $43.34B | $54.45B | $62.34B | $55.40B | $63.13B |
| Total Liabilities and Stockholders Equity | $229.58B | $218.38B | $239.25B | $225.74B | $256.53B | $248.90B | $191.27B | $201.77B | $206.32B | $204.91B |
| Minority Interest | $5.92B | $5.95B | $4.24B | $5.21B | $5.59B | $5.29B | $5.01B | $4.84B | $4.52B | $4.66B |
| Total Liabilities and Total Equity | $229.58B | $218.38B | $239.25B | $225.74B | $256.53B | $248.90B | $191.27B | $201.77B | $206.32B | $204.91B |
| Total Investments | $67.56B | $57.09B | $46.92B | $10.95B | $11.84B | $10.19B | $13.69B | $10.71B | $17.68B | $20.85B |
| Total Debt | $101.62B | $102.19B | $118.52B | $131.40B | $150.00B | $139.07B | $70.94B | $70.89B | $82.81B | $74.71B |
| Net Debt | $91.24B | $82.64B | $108.59B | $116.17B | $129.42B | $125.20B | $52.45B | $48.34B | $59.73B | $60.76B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $24.61B | $19.90B | $45.72B | $10.38B | $27.64B | $20.32B | $23.87B | $21.75B | $11.73B | $13.02B |
| Depreciation and Amortization | $16.94B | $17.53B | $28.22B | $34.36B | $29.06B | $24.62B | $20.85B | $22.17B | $28.03B | $20.57B |
| Deferred Income Tax | $- | $- | $-116.00M | $-131.00M | $-160.00M | $-172.00M | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $131.00M | $160.00M | $172.00M | $186.00M | $323.00M | $96.00M | $92.00M |
| Change in Working Capital | $2.75B | $114.00M | $-1.39B | $904.00M | $1.10B | $513.00M | $-2.80B | $793.00M | $972.00M | $2.77B |
| Accounts Receivables | $- | $-121.00M | $-1.38B | $392.00M | $1.59B | $317.00M | $-1.38B | $-163.00M | $-973.00M | $-1.48B |
| Inventory | $- | $235.00M | $-186.00M | $-319.00M | $242.00M | $428.00M | $-204.00M | $101.00M | $394.00M | $-99.00M |
| Accounts Payables | $- | $-25.00M | $174.00M | $831.00M | $-730.00M | $-232.00M | $-1.22B | $-468.00M | $1.55B | $- |
| Other Working Capital | $2.75B | $25.00M | $754.00M | $41.00M | $- | $-1.00M | $-2.60B | $692.00M | $578.00M | $- |
| Other Non Cash Items | $-12.82B | $-8.42B | $-33.32B | $-3.38B | $-13.98B | $-11.23B | $-5.52B | $-2.66B | $-958.00M | $748.00M |
| Net Cash Provided by Operating Activities | $31.48B | $29.12B | $39.22B | $42.27B | $43.82B | $34.22B | $36.39B | $42.05B | $39.78B | $37.11B |
| Investments in Property Plant and Equipment | $-13.38B | $-14.73B | $-19.30B | $-19.45B | $-19.00B | $-21.99B | $-20.92B | $-18.36B | $-23.73B | $-21.17B |
| Acquisitions Net | $1.89B | $3.24B | $-5.65B | $-374.00M | $7.31B | $-27.03B | $20.37B | $5.39B | $2.35B | $857.00M |
| Purchases of Investments | $- | $-7.01B | $-31.00M | $-150.00M | $-364.00M | $-245.00M | $-313.00M | $-341.00M | $-425.00M | $-252.00M |
| Sales Maturities of Investments | $- | $140.00M | $1.64B | $2.58B | $1.43B | $5.35B | $253.00M | $3.48B | $607.00M | $174.00M |
| Other Investing Activities | $8.00M | $60.00M | $198.00M | $161.00M | $54.00M | $385.00M | $20.43B | $-18.24B | $-23.64B | $-21.06B |
| Net Cash Used for Investing Activities | $-11.49B | $-18.30B | $-23.14B | $-17.23B | $-10.56B | $-43.53B | $-613.00M | $-9.71B | $-21.11B | $-20.28B |
| Debt Repayment | $-7.60B | $9.02B | $-88.00M | $-2.93B | $1.18B | $32.26B | $-11.42B | $-12.57B | $10.58B | $4.13B |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-1.97B | $-1.72B | $-27.00M | $- | $-4.16B | $-6.11B | $-5.81B | $-1.44B | $- | $- |
| Dividends Paid | $-13.08B | $-13.02B | $-13.02B | $-12.60B | $-12.28B | $-12.12B | $-18.38B | $-11.94B | $-11.25B | $-10.72B |
| Other Financing Activities | $-6.74B | $4.18B | $-10.85B | $-12.38B | $-12.32B | $-9.69B | $-3.87B | $-3.78B | $-8.37B | $-8.45B |
| Net Cash Used Provided by Financing Activities | $-29.39B | $-1.53B | $-23.98B | $-27.90B | $-27.58B | $4.33B | $-39.49B | $-33.42B | $-9.04B | $-15.04B |
| Effect of Forex Changes on Cash | $-78.00M | $612.00M | $600.00M | $-245.00M | $420.00M | $641.00M | $-284.00M | $454.00M | $-446.00M | $81.00M |
| Net Change in Cash | $-9.48B | $9.90B | $-7.31B | $-3.10B | $6.09B | $-4.33B | $-3.99B | $-632.00M | $9.19B | $1.87B |
| Cash at End of Period | $10.10B | $19.58B | $9.68B | $16.98B | $20.09B | $14.00B | $18.33B | $22.32B | $22.95B | $13.76B |
| Cash at Beginning of Period | $19.58B | $9.68B | $16.98B | $20.09B | $14.00B | $18.33B | $22.32B | $22.95B | $13.76B | $11.89B |
| Operating Cash Flow | $31.48B | $29.12B | $39.22B | $42.27B | $43.82B | $34.22B | $36.39B | $42.05B | $39.78B | $37.11B |
| Capital Expenditure | $-13.38B | $-14.73B | $-19.30B | $-19.45B | $-19.00B | $-21.99B | $-20.92B | $-18.36B | $-23.73B | $-21.17B |
| Free Cash Flow | $18.10B | $14.39B | $19.92B | $22.82B | $24.82B | $12.24B | $15.47B | $23.68B | $16.05B | $15.94B |