Borlease Otomotiv A.S. Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-3,902	-2,060	734.32	911.79	45.97
Depreciation & Amortization	1,942	2,299	1,150	739.92	24.46
Loss (Gain) From Sale of Assets	822.89	585.02	-1,566	-989.85	-343.99
Asset Writedown & Restructuring Costs	0.55	1.21	-11.45	-	-7.09
Loss (Gain) From Sale of Investments	-13.33	32.32	4.75	-	-
Provision & Write-off of Bad Debts	87.28	14.85	6.16	17.88	11.24
Other Operating Activities	3,686	4,947	850.12	171.97	348.46
Change in Accounts Receivable	-807.84	-950.29	-141.71	324.29	-77.05
Change in Inventory	-193.4	-	12.56	36.28	0.44
Change in Accounts Payable	1,456	-20.26	213.18	-78.96	137.26
Change in Unearned Revenue	426.01	419.18	-98.89	122.65	13.48
Change in Other Net Operating Assets	-266.18	-2,868	-326.37	-831.38	16.58
Operating Cash Flow	3,238	2,400	826.87	424.59	169.76
Operating Cash Flow Growth	34.88%	190.30%	94.75%	150.11%	167.80%
Capital Expenditures	-5,919	-5,178	-2,543	-2,687	-515.5
Sale of Property, Plant & Equipment	3,020	4,772	2,283	1,880	713.76
Divestitures	-	-	-	901.72	-
Other Investing Activities	-	-	-	50.67	-
Investing Cash Flow	-2,900	-406.07	-260.6	145.07	198.26
Long-Term Debt Issued	11,175	7,417	4,328	2,295	448.78
Long-Term Debt Repaid	-7,451	-7,305	-3,528	-2,878	-481.95
Net Debt Issued (Repaid)	3,724	111.96	799.41	-583.26	-33.16
Issuance of Common Stock	-	-	1,095	74.15	0.37
Repurchase of Common Stock	-244.21	-	-	-	-
Common Dividends Paid	-	-4.73	-121.8	-	-
Other Financing Activities	-3,739	-3,399	-819.67	-544.1	-223.21
Financing Cash Flow	-258.47	-3,292	952.53	-1,053	-256.01
Miscellaneous Cash Flow Adjustments	-22.46	-618.02	-101.74	-536.61	-
Net Cash Flow	57.23	-1,915	1,417	-1,020	112.02
Free Cash Flow	-2,682	-2,778	-1,717	-2,263	-345.74
Free Cash Flow Margin	-38.56%	-31.03%	-37.38%	-67.11%	-26.75%
Free Cash Flow Per Share	-3.83	-3.97	-2.45	-3.88	-2.67
Cash Interest Paid	3,779	3,596	-	537.95	-
Cash Income Tax Paid	3.21	11.34	94.95	54.87	0.63
Levered Free Cash Flow	-7,051	-5,539	-1,254	-2,703	-150.1
Unlevered Free Cash Flow	-4,323	-3,291	-734.33	-2,367	-9.21
Change in Working Capital	614.46	-3,419	-341.23	-427.11	90.72

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