IST:CGCAM 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	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	200.92	344.6	562.04	250.83
Depreciation & Amortization	64.85	52.09	40.72	25.37
Asset Writedown & Restructuring Costs	2.28	-67.14	-	-
Other Operating Activities	384.09	593.36	375.76	347.45
Change in Accounts Receivable	-193.7	-131.18	-364.66	-176.17
Change in Inventory	-86.77	-6.15	-101.76	-47.53
Change in Accounts Payable	62.91	-42.83	8.6	-13.62
Change in Unearned Revenue	14.58	-155.3	140.11	35.56
Change in Other Net Operating Assets	-271.05	-310.65	141.93	-53.47
Operating Cash Flow	178.1	276.81	802.75	368.42
Operating Cash Flow Growth	-35.66%	-65.52%	117.89%	-
Capital Expenditures	-141.45	-104.53	-463.53	-434.57
Sale of Property, Plant & Equipment	2.67	0.07	0.68	0.77
Sale (Purchase) of Intangibles	-20.22	-21.43	-12.05	-6.01
Other Investing Activities	-	-	-	-0.25
Investing Cash Flow	-159	-125.89	-474.9	-440.06
Long-Term Debt Issued	2.62	9.19	1.44	311.49
Long-Term Debt Repaid	-91.68	-2.38	-173.9	-2.52
Net Debt Issued (Repaid)	-89.06	6.81	-172.46	308.97
Issuance of Common Stock	592.57	-	-	-
Other Financing Activities	45.7	-221.28	-7.12	-18.44
Financing Cash Flow	549.21	-214.47	-179.58	290.53
Miscellaneous Cash Flow Adjustments	-9.68	-131.05	-172.64	-73
Net Cash Flow	558.64	-194.61	-24.37	145.89
Free Cash Flow	36.65	172.28	339.22	-66.15
Free Cash Flow Growth	-78.72%	-49.21%	-	-
Free Cash Flow Margin	1.67%	7.43%	14.58%	-5.71%
Free Cash Flow Per Share	0.22	1.26	75.38	-14.70
Cash Income Tax Paid	24.03	-2.63	-21.38	-28.9
Levered Free Cash Flow	-47.74	54.28	-264.97	-
Unlevered Free Cash Flow	-17.79	80.27	-220.93	-
Change in Net Working Capital	139.91	88.61	124.18	-

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