IST:ASELS 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	Sep '25 Sep 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	18,763	15,299	10,526	1,282	7,131	4,449
Depreciation & Amortization	4,057	3,300	4,912	2,446	432.19	285.5
Loss (Gain) on Equity Investments	236.76	57.99	2.13	-31.9	2.82	-12.41
Provision & Write-off of Bad Debts	-34.11	-44.2	4.36	-31.71	7.73	-36.52
Other Operating Activities	911.08	13,530	12,683	12,236	5,087	2,912
Change in Accounts Receivable	9,468	2,217	-27,186	-20,714	-6,490	-3,468
Change in Inventory	-9,776	3,445	-5,988	-1,281	-2,094	-1,013
Change in Accounts Payable	-1,676	-798.17	8,537	7,089	1,962	1,184
Change in Unearned Revenue	34,491	-7,391	-365.07	1,465	-2,506	-1,856
Change in Other Net Operating Assets	-12,132	-8,196	8,966	9,584	-1,100	-725.35
Operating Cash Flow	44,308	21,417	12,092	12,044	2,433	1,719
Operating Cash Flow Growth	368.87%	77.13%	0.39%	395.14%	41.54%	75.93%
Capital Expenditures	-8,511	-6,027	-7,641	-4,723	-1,388	-859.46
Sale of Property, Plant & Equipment	288.31	664.39	444.28	119.28	6.4	13.25
Sale (Purchase) of Intangibles	-16,599	-15,272	-10,331	-7,445	-2,051	-1,221
Other Investing Activities	-1,499	-713.29	661.6	194.52	-73	66.26
Investing Cash Flow	-26,321	-21,348	-16,866	-11,855	-3,506	-2,001
Long-Term Debt Issued	-	34,580	28,177	17,619	6,009	6,855
Long-Term Debt Repaid	-	-24,393	-21,867	-12,409	-6,659	-5,860
Net Debt Issued (Repaid)	-6,286	10,187	6,310	5,210	-650.91	994.29
Common Dividends Paid	-169.64	-169.64	-316.53	-414.16	-103.39	-252.2
Financing Cash Flow	-6,455	10,017	5,994	4,796	-754.3	742.09
Foreign Exchange Rate Adjustments	309.39	-46.78	104.9	276.78	240.54	105.94
Miscellaneous Cash Flow Adjustments	-4,005	-2,933	-5,318	-2,639	-	-
Net Cash Flow	7,836	7,107	-3,994	2,623	-1,587	565.35
Free Cash Flow	35,797	15,390	4,451	7,321	1,044	859.14
Free Cash Flow Growth	1484.42%	245.78%	-39.21%	601.00%	21.57%	38.21%
Free Cash Flow Margin	27.51%	12.80%	4.19%	10.95%	5.19%	5.33%
Free Cash Flow Per Share	7.85	3.38	0.98	1.61	0.23	0.19
Cash Income Tax Paid	130.18	54.07	1,631	9.08	4.63	12.85
Levered Free Cash Flow	-10,036	3,546	-27,078	-22,670	-2,979	-1,134
Unlevered Free Cash Flow	-7,775	6,288	-24,300	-21,407	-2,591	-764.36
Change in Working Capital	20,374	-10,724	-16,036	-3,856	-10,228	-5,879

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