IST:BESTE Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	122	52.91	69.7
Depreciation & Amortization	237.25	80.82	55.47
Loss (Gain) on Sale of Assets	-	-	-0.64
Change in Accounts Receivable	1.98	-12.86	3.77
Change in Accounts Payable	11.08	2.18	-8.45
Change in Unearned Revenue	-	-0.18	-2.82
Change in Other Net Operating Assets	-8.26	8.46	12.23
Other Operating Activities	12.63	55.6	15.65
Operating Cash Flow	376.69	186.93	144.91
Operating Cash Flow Growth	101.52%	28.99%	-
Capital Expenditures	-157.56	-5.87	-5.97
Investing Cash Flow	-157.56	-5.87	-5.97
Long-Term Debt Issued	14.73	-	-
Long-Term Debt Repaid	-197.47	-144.44	-98.48
Net Debt Issued (Repaid)	-182.75	-144.44	-98.48
Issuance of Common Stock	-	11.48	-
Other Financing Activities	-47.44	-35.82	-42.01
Financing Cash Flow	-230.18	-168.79	-140.48
Net Cash Flow	-11.06	12.27	-1.54
Free Cash Flow	219.13	181.06	138.94
Free Cash Flow Growth	21.03%	30.31%	-
Free Cash Flow Margin	63.43%	62.97%	77.64%
Free Cash Flow Per Share	1.99	3.19	2.78
Cash Interest Paid	52.51	56.32	42.97
Levered Free Cash Flow	83.9	105.53	-
Unlevered Free Cash Flow	116.72	140.73	-
Change in Working Capital	4.8	-2.41	4.73

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