IST:ARTMS 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	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	Dec '20 Dec 31, 2020
Net Income	294.54	226.62	6.39	5.18	17.22	22.88
Depreciation & Amortization	50.14	36.16	49.75	71.76	8.05	5.33
Loss (Gain) From Sale of Assets	-1.73	-3.1	-5.35	-2.03	-0.2	-0.59
Asset Writedown & Restructuring Costs	-	-	-	-24	0.6	2.83
Provision & Write-off of Bad Debts	24.26	-4.81	-1.83	2.09	-	-
Other Operating Activities	-201.29	-20.94	71.93	47.89	4.68	14.54
Change in Accounts Receivable	132.73	-24.26	-143	-17.62	10.54	-9.69
Change in Inventory	-204.6	-328.29	360.96	172.31	-75.6	-30.24
Change in Accounts Payable	-135.9	-88.9	-73.4	-82.07	57.73	40.74
Change in Unearned Revenue	-103.56	-28.72	-17.02	9.97	-	-
Change in Other Net Operating Assets	217.32	111.53	-235.85	66.55	-0.11	0.2
Operating Cash Flow	71.91	-124.72	12.56	250.03	22.93	46
Operating Cash Flow Growth	-	-	-94.98%	990.41%	-50.16%	-
Capital Expenditures	-83.49	-53.56	-5.61	-25.86	-5.2	-5.44
Sale of Property, Plant & Equipment	12.53	6.85	6.46	2.8	3.22	0.65
Sale (Purchase) of Intangibles	-0.07	-0.07	-	-	-	-
Sale (Purchase) of Real Estate	-	-	-	-	-	-0.94
Investment in Securities	-	-	-	0.27	-0.1	-
Investing Cash Flow	-71.03	-46.78	0.85	-22.79	-2.08	-5.73
Long-Term Debt Issued	-	-	84.48	-	20	-
Long-Term Debt Repaid	-	-380.82	-5.05	-179.02	-2.71	-33.47
Net Debt Issued (Repaid)	15.09	-380.82	79.44	-179.02	17.29	-33.47
Issuance of Common Stock	-	604.15	-	-	-	-
Other Financing Activities	62.48	67.83	-92.63	-68.95	-37.88	-5.53
Financing Cash Flow	-26.84	291.16	-13.19	-247.97	-20.59	-39
Miscellaneous Cash Flow Adjustments	25.29	5.58	5.06	11.47	-	-
Net Cash Flow	-0.66	125.24	5.28	-9.27	0.26	1.28
Free Cash Flow	-11.58	-178.28	6.95	224.17	17.73	40.56
Free Cash Flow Growth	-	-	-96.90%	1164.47%	-56.29%	-
Free Cash Flow Margin	-1.11%	-15.73%	0.58%	37.06%	8.16%	28.08%
Free Cash Flow Per Share	-0.17	-2.67	0.19	5.63	0.49	1.12
Cash Interest Paid	-	-	-	68.95	24.55	25.37
Cash Income Tax Paid	44.13	15.32	12.93	4.99	1.3	0.19
Levered Free Cash Flow	-282.94	-180.75	-238.8	-273.33	-28.59	-
Unlevered Free Cash Flow	-252.05	-144.12	-174.64	-225.92	-13.24	-
Change in Working Capital	-94.01	-358.65	-108.32	149.14	-7.44	1.01

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