IST:AHGAZ Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,586	1,764	4,478	2,603	130.76
Depreciation & Amortization	1,869	1,949	747.96	407.01	91.34
Other Amortization	135.63	129.34	83.77	125.62	5.43
Loss (Gain) on Sale of Investments	-42.28	8.3	-	-1,256	-
Asset Writedown	-	-	-112.8	-	-
Change in Accounts Receivable	-518.52	-1,193	2,567	-1,910	-364.72
Change in Inventory	-66.66	-127.86	58.04	-62.71	-9.35
Change in Accounts Payable	1,133	1,183	-2,419	1,911	418.71
Change in Unearned Revenue	0.04	5.48	8.76	281.1	2.11
Change in Other Net Operating Assets	930.98	-2,460	-2,004	-2,188	-87.63
Other Operating Activities	7,834	6,180	4,954	1,619	134.12
Operating Cash Flow	12,885	7,462	8,392	1,546	323.83
Operating Cash Flow Growth	53.53%	-11.08%	442.71%	377.54%	-
Capital Expenditures	-9,688	-9,838	-2,808	-1,845	-304.86
Sale of Property, Plant & Equipment	8.36	0.54	14.53	4.21	0.39
Cash Acquisitions	-505.03	-505.03	-1,640	-	-
Sale (Purchase) of Intangibles	-470.18	-498.09	-128.19	-257.29	-21.58
Investment in Securities	-	-	-	1,256	-
Other Investing Activities	1,261	1,250	1,155	432.07	178.63
Investing Cash Flow	-9,394	-9,591	-3,407	-409.93	-147.43
Long-Term Debt Issued	-	1,042	491.68	851.36	483.63
Long-Term Debt Repaid	-	-67.35	-15.46	-53.89	-587.17
Net Debt Issued (Repaid)	1,371	974.93	476.22	797.47	-103.55
Issuance of Common Stock	-	-	434.42	4,256	-
Repurchase of Common Stock	-143.48	-541.39	-851.77	-	-
Other Financing Activities	2,249	2,682	3,211	-438.37	-63.46
Financing Cash Flow	3,476	3,116	3,270	4,615	-167.01
Foreign Exchange Rate Adjustments	-	-	-	-152.67	-
Miscellaneous Cash Flow Adjustments	-2,870	-3,655	-5,010	-	-
Net Cash Flow	4,098	-2,668	3,245	5,598	9.39
Free Cash Flow	3,197	-2,376	5,584	-298.87	18.97
Free Cash Flow Margin	9.13%	-7.87%	19.30%	-1.27%	0.51%
Free Cash Flow Per Share	1.23	-0.91	3.73	-0.12	0.01
Cash Interest Paid	283.57	270.97	99.16	396.55	187.12
Cash Income Tax Paid	1,527	1,203	1,345	254.38	26.86
Levered Free Cash Flow	-1,834	-9,379	1,220	2,509	-
Unlevered Free Cash Flow	-1,478	-9,062	1,308	2,708	-
Change in Net Working Capital	-4,394	2,492	-2,577	-3,415	-

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