IST:AVHOL 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	782.01	81.12	63.69	-45.32	2.54	0.06
Depreciation & Amortization	17.01	7.94	45.78	29.84	2.68	0.85
Other Amortization	-	-	-	0.81	0.34	0.79
Provision & Write-off of Bad Debts	-	-	-	-0.13	-	-
Other Operating Activities	236.42	131.56	-28.71	33.18	7.86	1.92
Change in Accounts Receivable	407.34	52.54	-155.35	-46.95	6.3	-5.92
Change in Inventory	70.33	-26.47	36.7	4.74	-7.15	-1.53
Change in Accounts Payable	-598.44	-71.76	145.76	6.06	7.68	0.76
Change in Unearned Revenue	158	29.56	-0.73	-	-	-
Change in Other Net Operating Assets	-843.14	-125.17	-58.35	22.49	-34.42	16.41
Operating Cash Flow	229.52	79.32	48.79	4.71	-14.17	13.35
Operating Cash Flow Growth	203.64%	62.56%	935.17%	-	-	-1.29%
Capital Expenditures	-95.99	-58.94	-16.05	-19.81	-24.78	-6.65
Sale of Property, Plant & Equipment	41.14	24.52	19.04	9.64	0.04	10.9
Sale (Purchase) of Intangibles	-30.67	-30.67	-	-	-2.71	-5
Investment in Securities	-73.7	-25.85	-2.02	-	0.35	-
Other Investing Activities	166.71	9.01	76.52	3.56	-	-
Investing Cash Flow	-41.88	-81.92	77.5	-6.61	-27.1	-0.75
Long-Term Debt Issued	-	221.49	-	40.05	1.27	-
Long-Term Debt Repaid	-	-17.27	-122.21	-	-	-10.1
Net Debt Issued (Repaid)	275.18	204.22	-122.21	40.05	1.27	-10.1
Issuance of Common Stock	29.05	-	-	-	41.16	-
Other Financing Activities	-405.57	-194.11	-38.1	-2.4	-0.65	-0.97
Financing Cash Flow	-101.34	10.1	-160.31	37.65	41.77	-11.08
Miscellaneous Cash Flow Adjustments	-117.25	-13.51	-7.76	-	-	-
Net Cash Flow	-30.96	-6.01	-41.79	35.75	0.51	1.52
Free Cash Flow	133.53	20.38	32.75	-15.1	-38.95	6.7
Free Cash Flow Growth	80.65%	-37.76%	-	-	-	-15.10%
Free Cash Flow Margin	104.80%	3.39%	8.67%	-7.92%	-98.58%	45.25%
Free Cash Flow Per Share	3.58	0.55	0.88	-0.41	-1.30	0.22
Cash Interest Paid	158.27	38.11	17.19	5.15	0.65	0.97
Cash Income Tax Paid	0.76	-0.56	-0.41	0.9	-	0.03
Levered Free Cash Flow	-250.78	-80.68	15.03	-58.05	-46.84	0.89
Unlevered Free Cash Flow	-157.08	-56.36	32.08	-56.95	-45.88	1.38
Change in Working Capital	-805.91	-141.3	-31.96	-13.66	-27.59	9.73

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