Anel Elektrik Proje Taahhüt ve Ticaret Anonim Sirketi (IST:ANELE)

IST:ANELE Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-478.93	-158.83	321.35	224.6	-123.03
Depreciation & Amortization	20.8	10.9	13.2	13.43	7.6
Loss (Gain) From Sale of Assets	0.01	0.01	-0.09	-0.15	1.62
Asset Writedown & Restructuring Costs	-134.83	-15.66	19.4	-813.49	-59.9
Other Operating Activities	-605.64	-542.65	357.42	222.64	153.33
Change in Accounts Receivable	475.44	2,690	-832.33	1,078	-1,262
Change in Inventory	427.51	440.95	565.5	-152.44	-166.13
Change in Accounts Payable	1,343	-711.3	1,195	410.21	482.78
Change in Unearned Revenue	-911.71	-1,413	-1,685	-614.23	623.37
Change in Other Net Operating Assets	249.46	-364.85	-193.02	8.93	-36.28
Operating Cash Flow	384.9	-64.94	-239.12	377.34	-378.51
Capital Expenditures	-3.82	-5.01	-0.59	-2.08	-2.99
Sale of Property, Plant & Equipment	0.01	0.03	0.29	0.17	2.08
Sale (Purchase) of Intangibles	-	-0.06	-	-	-0
Investing Cash Flow	-3.8	-5.05	-0.3	-1.91	-0.92
Long-Term Debt Issued	43.51	607.2	600.56	3,386	617.27
Long-Term Debt Repaid	-175.21	-368.33	-267.34	-2,242	-461.26
Net Debt Issued (Repaid)	-131.7	238.86	333.22	1,145	156
Issuance of Common Stock	-	-	-	-	65.22
Other Financing Activities	-209.51	-119.83	-285.56	-234.25	-78.88
Financing Cash Flow	-341.21	119.03	47.66	910.45	142.35
Foreign Exchange Rate Adjustments	0.39	9.76	-141.65	82.69	288.05
Miscellaneous Cash Flow Adjustments	-12.31	-68.94	84.55	-1,447	-
Net Cash Flow	27.97	-10.14	-248.87	-78.24	50.97
Free Cash Flow	381.08	-69.95	-239.71	375.26	-381.5
Free Cash Flow Margin	4.77%	-1.62%	-7.87%	8.74%	-38.88%
Free Cash Flow Per Share	-	-0.26	-0.91	1.42	-1.84
Cash Interest Paid	-	148.14	287.91	250.38	80.87
Cash Income Tax Paid	-	16.12	6.13	14.14	2.87
Levered Free Cash Flow	-496.48	-1,069	-573.68	-326.57	200.15
Unlevered Free Cash Flow	-177.11	-975.47	-393.63	-248.06	250.69
Change in Working Capital	1,583	641.29	-950.4	730.32	-358.14

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