IST:ARMGD 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	901.11	808.62	280.58
Depreciation & Amortization	82.19	75.33	70.38
Loss (Gain) From Sale of Assets	-1.07	-1.07	-7.1
Other Operating Activities	-145.65	50.47	-376.28
Change in Accounts Receivable	-278.02	-236.87	286.66
Change in Inventory	-1,353	-951.76	-327.02
Change in Accounts Payable	-105.03	76.11	-216.23
Change in Unearned Revenue	139.69	-53.51	485.96
Change in Other Net Operating Assets	114.02	-2,506	273.88
Operating Cash Flow	-642.51	-2,738	470.83
Capital Expenditures	-407.43	-439.77	-304.85
Sale of Property, Plant & Equipment	2.75	2.75	12.23
Sale (Purchase) of Intangibles	-6.44	-2.97	-2.85
Investing Cash Flow	-463.17	-492.04	-298.56
Long-Term Debt Issued	-	7,196	5,195
Long-Term Debt Repaid	-	-5,308	-5,065
Net Debt Issued (Repaid)	1,300	1,888	129.85
Issuance of Common Stock	1,677	1,677	-
Other Financing Activities	-342.41	-405.46	-405.61
Financing Cash Flow	2,631	3,160	-275.76
Net Cash Flow	1,525	-70.37	-103.49
Free Cash Flow	-1,050	-3,178	165.98
Free Cash Flow Margin	-14.19%	-41.61%	1.90%
Free Cash Flow Per Share	-3.98	-14.40	0.75
Cash Interest Paid	659.37	595.59	500.15
Cash Income Tax Paid	35.17	31.43	19.85
Levered Free Cash Flow	-	-3,930	-
Unlevered Free Cash Flow	-	-3,558	-
Change in Net Working Capital	-	3,675	-

Updated Feb 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.