Çelebi Hava Servisi 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	3,637	3,566	1,668	1,080	533.45
Depreciation & Amortization	1,033	936.39	617.39	360.14	203.55
Other Amortization	13.11	10.11	9.51	6.15	2.5
Loss (Gain) From Sale of Assets	-9.88	-13.68	-22.74	-0.39	-10.52
Loss (Gain) From Sale of Investments	-	-	-	-	-72.98
Loss (Gain) on Equity Investments	-	3.87	-	6.33	-3.78
Provision & Write-off of Bad Debts	478.64	22.92	30.65	2.38	10.51
Other Operating Activities	292.83	-307.68	712.45	353.35	67.99
Change in Accounts Receivable	-115.1	-680.89	-864.12	-195.02	-216.03
Change in Inventory	-75.6	-17.83	-71.72	-23.85	-17.03
Change in Accounts Payable	200.34	647.15	533.82	152.33	161.38
Change in Other Net Operating Assets	-2,006	-82.71	59.59	-38.8	-31.83
Operating Cash Flow	3,724	4,860	2,672	1,703	627.22
Operating Cash Flow Growth	-23.38%	81.92%	56.92%	171.45%	48.14%
Capital Expenditures	-2,529	-1,308	-554.91	-221.47	-86.88
Sale of Property, Plant & Equipment	145.89	24.17	31.4	0.95	19.03
Cash Acquisitions	-1,632	-70.69	-	-	-
Sale (Purchase) of Intangibles	-65.5	-90.79	-136.72	-142.97	-3.6
Other Investing Activities	-339.87	-532.8	-1,169	33.33	4.83
Investing Cash Flow	-4,421	-1,978	-1,829	-330.16	-66.61
Long-Term Debt Issued	3,291	1,513	1,741	313.97	497.01
Long-Term Debt Repaid	-2,872	-2,216	-1,163	-1,129	-887.34
Net Debt Issued (Repaid)	418.87	-703.1	578	-815.29	-390.32
Common Dividends Paid	-3,584	-1,531	-1,030	-164.03	-57.71
Other Financing Activities	-207.79	-168.18	-357.07	-29.92	-50.5
Financing Cash Flow	-3,373	-2,402	-809.39	-1,009	-498.54
Foreign Exchange Rate Adjustments	3,581	368.48	1,414	470.78	460.08
Net Cash Flow	-489.55	848.24	1,446	833.96	522.15
Free Cash Flow	1,195	3,552	2,117	1,481	540.34
Free Cash Flow Growth	-66.37%	67.81%	42.91%	174.11%	44.55%
Free Cash Flow Margin	6.55%	27.97%	19.48%	24.39%	21.11%
Free Cash Flow Per Share	49.16	146.18	87.11	60.95	22.24
Cash Interest Paid	473.39	260.4	185.79	93.41	80.57
Cash Income Tax Paid	453.62	472.09	473.34	176.64	41.57
Levered Free Cash Flow	-2,123	1,792	1,459	956.88	194.04
Unlevered Free Cash Flow	-1,820	1,974	1,640	1,082	276.6
Change in Working Capital	-1,996	-134.28	-342.44	-105.33	-103.51

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