IST:ALFAS 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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-48.9	199.21	1,500	816.02	48.4
Depreciation & Amortization	150.7	100.56	39.55	13.35	2.44
Loss (Gain) on Sale of Assets	-	-	-1.47	-	-0.02
Loss (Gain) on Sale of Investments	136.67	1.61	-240.99	-9.59	-0.03
Loss (Gain) on Equity Investments	-98.04	-63.11	-	-	2.52
Asset Writedown	16.47	16.44	28.69	0.17	-0.04
Change in Accounts Receivable	-608.31	-506.59	-141.98	36.91	0.63
Change in Inventory	991.66	700.89	-813.68	-370.47	-100.19
Change in Accounts Payable	-19.73	-662.41	274.16	100.87	198.29
Change in Unearned Revenue	-783.01	-393.55	201.25	698.83	9.94
Change in Other Net Operating Assets	-98.13	434.05	-420.91	-223.49	-39.64
Other Operating Activities	213.37	409.45	-1,437	-151.43	-2.69
Operating Cash Flow	-146.76	237.4	-1,012	907.82	119.1
Operating Cash Flow Growth	-	-	-	662.21%	-
Capital Expenditures	-753.56	-773.51	-841.16	-336.57	-29.49
Sale of Property, Plant & Equipment	0.07	0.07	2.21	-	0.51
Cash Acquisitions	-387.75	-463.88	-134.61	-	-
Sale (Purchase) of Intangibles	-66.29	-3.48	-	-	-
Investment in Securities	-358.12	-578.43	-273.92	-45.87	2.69
Investing Cash Flow	-1,566	-1,819	-1,271	-382.64	-28.4
Long-Term Debt Issued	-	1,572	414.63	153.74	19.84
Long-Term Debt Repaid	-	-638.42	-53.64	-160.17	-18.74
Net Debt Issued (Repaid)	826.52	934.08	360.98	-6.44	1.1
Issuance of Common Stock	-	-	476.45	559.79	-
Common Dividends Paid	-431.45	-431.45	-437.73	-81.2	-
Other Financing Activities	22.28	30.05	284.73	22.01	-1.63
Financing Cash Flow	417.35	532.68	684.43	494.15	-0.52
Miscellaneous Cash Flow Adjustments	-98.75	456.93	1,132	-	-
Net Cash Flow	-1,394	-592.21	-466.41	1,019	90.18
Free Cash Flow	-900.31	-536.11	-1,853	571.25	89.62
Free Cash Flow Growth	-	-	-	537.43%	-
Free Cash Flow Margin	-13.94%	-6.96%	-16.60%	13.67%	20.43%
Free Cash Flow Per Share	-2.45	-1.46	-5.04	1.55	2.35
Cash Interest Paid	131.83	105.52	78.19	29.16	2.1
Cash Income Tax Paid	63.65	93.76	190.6	-	1.77
Levered Free Cash Flow	-1,599	-806.81	-375.54	503.54	-
Unlevered Free Cash Flow	-1,496	-725.24	-324.64	519.35	-
Change in Working Capital	-517.52	-427.6	-901.16	242.64	69.03

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