Ford Otomotiv Sanayi A.S. Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
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
Net Income	33,986	50,869	70,826	27,730	8,801
Depreciation & Amortization	14,725	11,795	7,623	6,269	880.03
Other Amortization	2,481	2,227	1,134	926.81	174.24
Loss (Gain) From Sale of Assets	147.64	754.39	93.2	39	37.44
Other Operating Activities	21,166	-8,239	-161.69	4,832	4,536
Change in Accounts Receivable	516.08	-3,065	-4,966	-7,568	-6,015
Change in Inventory	8,400	-52.49	-8,794	-2,390	-2,821
Change in Accounts Payable	15,673	-12,702	4,609	8,752	3,648
Change in Other Net Operating Assets	8,006	2,404	1,905	-4,342	-537.67
Operating Cash Flow	105,100	43,990	72,268	34,249	8,702
Operating Cash Flow Growth	138.92%	-39.13%	111.01%	293.56%	17.75%
Capital Expenditures	-25,367	-48,108	-38,612	-11,438	-1,614
Sale of Property, Plant & Equipment	1,389	1,158	1,278	9.94	25.77
Cash Acquisitions	-	-	-	-13,154	-
Sale (Purchase) of Intangibles	-5,761	-5,404	-7,677	-1,733	-780.94
Investment in Securities	-100.71	-280.64	-85.72	-21.09	-12.96
Other Investing Activities	6,110	10,043	-1,208	-7,863	-1,059
Investing Cash Flow	-23,730	-42,591	-46,305	-34,199	-3,441
Long-Term Debt Issued	52,097	106,098	42,966	42,342	15,183
Long-Term Debt Repaid	-54,860	-53,472	-26,935	-34,717	-11,687
Net Debt Issued (Repaid)	-2,763	52,625	16,031	7,625	3,497
Common Dividends Paid	-28,555	-30,799	-25,852	-13,722	-3,576
Other Financing Activities	-3,452	-11,034	-1,805	-245.38	850.75
Financing Cash Flow	-34,770	10,792	-11,626	-6,343	771.65
Foreign Exchange Rate Adjustments	423.72	58.47	721.97	41.27	-
Miscellaneous Cash Flow Adjustments	-12,286	-11,746	-17,174	-15,272	-
Net Cash Flow	34,739	504.34	-2,114	-21,524	6,033
Free Cash Flow	79,733	-4,117	33,656	22,811	7,089
Free Cash Flow Growth	-	-	47.54%	221.80%	6.33%
Free Cash Flow Margin	9.60%	-0.53%	5.66%	7.07%	9.97%
Free Cash Flow Per Share	22.72	-1.17	9.59	6.50	2.02
Cash Interest Paid	22,457	29,236	13,148	4,179	910.56
Cash Income Tax Paid	1,571	1,137	2,460	259.09	81.4
Levered Free Cash Flow	23,092	-64,610	-33,169	-7,340	-1,725
Unlevered Free Cash Flow	38,283	-45,939	-23,516	-4,493	-1,131
Change in Working Capital	32,595	-13,416	-7,245	-5,548	-5,726

Source: S&P Global Market Intelligence. Standard template. Financial Sources.