IST:ALCAR 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	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	388.99	412.93	-594	482.85	71.95	61.87
Depreciation & Amortization	154.44	152.28	149.59	81.29	14.54	11.78
Loss (Gain) From Sale of Assets	-872.89	-902.18	-2.94	-660.41	-0.03	-0.05
Asset Writedown & Restructuring Costs	-17.2	-16.33	-68.78	-	-	-
Provision & Write-off of Bad Debts	-42.22	-45.56	-53.91	5.93	3.02	-0.76
Other Operating Activities	455.75	-444.28	-762.59	-173.64	-26.47	-3.06
Change in Accounts Receivable	-107.66	4.54	278.32	309.83	-162.06	-81.2
Change in Inventory	396.32	389.17	-289.15	74.79	-112.82	3.88
Change in Accounts Payable	-64.56	-305.95	446.56	-193.54	137.09	24.87
Change in Other Net Operating Assets	-463.61	-729.02	212.96	-307.25	-61.31	-2.69
Operating Cash Flow	-172.63	-1,484	-683.94	-380.15	-136.08	14.64
Operating Cash Flow Growth	-	-	-	-	-	-54.54%
Capital Expenditures	20.79	-131.89	-516.47	-62.56	-5.72	-5.04
Sale of Property, Plant & Equipment	889.03	920.83	8.67	730.36	0.34	0.5
Sale (Purchase) of Intangibles	-16.43	-16.43	-21.26	-12.2	-5.2	-2.4
Other Investing Activities	-0	-	-	-	-	-
Investing Cash Flow	893.38	772.51	-529.06	655.61	-10.58	-6.94
Long-Term Debt Issued	-	1,587	1,474	535.32	224.18	45.29
Long-Term Debt Repaid	-	-1,144	-1,041	-462.89	-8.88	-6.64
Net Debt Issued (Repaid)	-86.41	443.02	432.66	72.43	215.29	38.65
Common Dividends Paid	-755.44	-	-185.85	-	-24.84	-4.09
Financing Cash Flow	-847.94	443.02	246.81	72.43	190.45	34.56
Miscellaneous Cash Flow Adjustments	194.88	114.21	188.92	-	-	-
Net Cash Flow	67.7	-154.67	-777.26	347.89	43.8	42.26
Free Cash Flow	-151.84	-1,616	-1,200	-442.72	-141.8	9.6
Free Cash Flow Growth	-	-	-	-	-	-66.83%
Free Cash Flow Margin	-2.67%	-24.76%	-15.21%	-10.64%	-11.21%	1.21%
Free Cash Flow Per Share	-14.06	-149.66	-111.15	-40.99	-13.13	0.89
Cash Interest Paid	107.16	101.07	196.11	84.73	19.01	2.25
Cash Income Tax Paid	79.11	-	16.83	61.88	18.45	13.92
Levered Free Cash Flow	-489.21	-957.82	-921.17	-927.25	-152.52	-21.27
Unlevered Free Cash Flow	-477.3	-949.37	-906.06	-913.91	-133.24	-18.14
Change in Working Capital	-239.51	-641.27	648.7	-116.17	-199.1	-55.14

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.