IST:ARFYE Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2022	FY 2021	FY 2020
Period Ending	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	5.01	101.82	0.42
Depreciation & Amortization	6.6	3.62	0.16
Loss (Gain) From Sale of Assets	-0.35	-142.16	-
Asset Writedown & Restructuring Costs	-0.36	1.31	-1.96
Other Operating Activities	47.69	11.23	2.88
Change in Accounts Receivable	-105.94	-149.89	-
Change in Inventory	-5.04	-0.94	0.11
Change in Accounts Payable	9.49	-16.57	9.46
Change in Other Net Operating Assets	42.95	3.34	13.6
Operating Cash Flow	0.04	-188.24	24.67
Capital Expenditures	-25.07	-20.19	-26.53
Sale of Property, Plant & Equipment	0.93	0.12	-
Sale (Purchase) of Intangibles	-0.14	141.64	-0.01
Investing Cash Flow	-24.28	121.57	-26.53
Long-Term Debt Issued	9.01	6.51	8.21
Long-Term Debt Repaid	-26.72	-15.15	-6.6
Net Debt Issued (Repaid)	-17.7	-8.64	1.62
Issuance of Common Stock	40	122.44	-
Other Financing Activities	-8.81	-2.41	0
Financing Cash Flow	13.48	111.39	1.62
Net Cash Flow	-10.76	44.71	-0.24
Free Cash Flow	-25.04	-208.43	-1.86
Free Cash Flow Margin	-27.37%	-127.64%	-
Free Cash Flow Per Share	-0.24	-5.06	-0.93
Cash Interest Paid	9.48	4.26	-
Cash Income Tax Paid	0.03	0.09	-
Levered Free Cash Flow	-73.83	54.06	-
Unlevered Free Cash Flow	-67.04	57.1	-
Change in Working Capital	-58.55	-164.07	23.17

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