IST:CONSE 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	238.48	151.7	302.38	76	33.01	1.56
Depreciation & Amortization	299.49	281.61	245	173.14	40.33	32.82
Loss (Gain) on Sale of Assets	537.01	510.13	-18.1	-4.45	-9.99	-0
Loss (Gain) on Sale of Investments	-	-	-	-0.51	-	-
Change in Accounts Receivable	-153.09	-92.95	-57.53	-38.97	-21.15	-15.96
Change in Inventory	162.79	54.9	-191.55	-94.33	-27.37	-21.89
Change in Accounts Payable	39.59	69.17	70.58	35.32	0.42	-6.14
Change in Unearned Revenue	5.56	1.41	6.43	-3.27	4.19	1.91
Change in Other Net Operating Assets	172.41	25.07	-70.76	-44.15	7.35	20.71
Other Operating Activities	-579.11	-724.29	-126.59	119.6	104.19	55.74
Operating Cash Flow	722.45	276.05	159.87	218.39	130.99	68.74
Operating Cash Flow Growth	-	72.68%	-26.80%	66.72%	90.56%	-
Capital Expenditures	-901.59	-519.94	-444.31	-200.73	-28.31	-53.74
Sale of Property, Plant & Equipment	34.03	75.48	18.35	32.27	6.97	8.22
Sale (Purchase) of Intangibles	0.07	-0.16	-0.29	-4.9	-2.32	-2.88
Investing Cash Flow	-867.5	-444.62	-426.25	-173.36	-23.66	-48.4
Short-Term Debt Issued	-	18.65	-	8.9	5.94	-
Long-Term Debt Issued	-	1,369	1,635	484.37	266.24	324.88
Total Debt Issued	3,833	1,388	1,635	493.27	272.19	324.88
Short-Term Debt Repaid	-	-	-26.2	-	-	-
Long-Term Debt Repaid	-	-1,511	-1,148	-496.65	-351.23	-338.65
Total Debt Repaid	-903.71	-1,511	-1,174	-496.65	-351.23	-338.65
Net Debt Issued (Repaid)	2,929	-123.36	460.46	-3.38	-79.04	-13.77
Issuance of Common Stock	-	389.76	-	-	-	-
Repurchase of Common Stock	-129.43	-	-	-	-3	-
Other Financing Activities	88.24	-152.28	-209.36	-161.49	18.48	-25.15
Financing Cash Flow	2,888	114.12	251.09	-164.87	-63.56	-38.91
Miscellaneous Cash Flow Adjustments	31.61	-36.13	52.22	81.92	-	-2.11
Net Cash Flow	2,775	-90.58	36.92	-37.92	43.77	-20.68
Free Cash Flow	-179.14	-243.9	-284.44	17.66	102.69	15
Free Cash Flow Growth	-	-	-	-82.80%	584.65%	-
Free Cash Flow Margin	-13.66%	-17.81%	-16.68%	1.59%	27.61%	5.47%
Free Cash Flow Per Share	-0.23	-0.32	-0.74	0.05	0.49	0.05
Cash Interest Paid	115.83	378.72	347.03	162.03	44.76	35.37
Levered Free Cash Flow	-890.74	-673.07	-338.74	-322.96	-0.01	9.79
Unlevered Free Cash Flow	-778.08	-432.83	-133.44	-229.58	27.52	35.46
Change in Working Capital	227.27	57.59	-242.82	-145.4	-36.55	-21.37

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.