IST:CVKMD 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	Jun '25 Jun 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	1,258	953.86	435.79	630.86	39.32	27.53
Depreciation & Amortization	352.67	307.7	172.48	97.04	34.39	10.45
Asset Writedown & Restructuring Costs	-15.89	-15.89	43.67	-	14.19	3.65
Provision & Write-off of Bad Debts	0.99	-	2.6	2.04	0.2	-
Other Operating Activities	93.16	301.29	120.88	271.33	25.4	20.73
Change in Accounts Receivable	45.6	166.39	68.4	-137.13	-15.95	1.71
Change in Inventory	-46.13	293.84	-343.73	151.41	-78.9	6.95
Change in Accounts Payable	130.71	-201.14	452.59	16.66	6.29	-4.98
Change in Unearned Revenue	2,024	86.29	23.26	-109.71	-158.35	-30.18
Change in Other Net Operating Assets	5,565	5,122	-614.97	-617.47	233.85	13.68
Operating Cash Flow	9,409	7,014	360.97	304.87	100.42	49.56
Operating Cash Flow Growth	2516.66%	1843.08%	18.40%	203.59%	102.64%	-
Capital Expenditures	-2,461	-1,865	-732.71	-232.58	-65.7	-32.33
Sale of Property, Plant & Equipment	119.31	17.65	27.48	19.47	8.08	4.16
Sale (Purchase) of Intangibles	-25.85	-10.59	-2.03	-0.99	-0.33	-0.38
Sale (Purchase) of Real Estate	-14.82	-14.82	-64.81	-	-	-
Investing Cash Flow	-2,382	-1,873	-772.07	-214.1	-57.95	-28.54
Long-Term Debt Issued	-	1,719	259.93	147.98	4.84	2.61
Long-Term Debt Repaid	-	-	-212.13	-93.54	-11.24	-7.37
Net Debt Issued (Repaid)	1,083	1,719	47.8	54.44	-6.4	-4.76
Issuance of Common Stock	517.85	458.22	1,483	-	-	25
Other Financing Activities	-7,700	-7,558	197.85	-65.87	-1.1	-26.64
Financing Cash Flow	-6,099	-5,381	1,729	-11.43	-7.5	-6.4
Miscellaneous Cash Flow Adjustments	-266.77	-298.74	-364.39	-95.3	-	-
Net Cash Flow	797.71	-538.28	953.04	-15.96	34.97	14.61
Free Cash Flow	6,948	5,149	-371.73	72.28	34.72	17.23
Free Cash Flow Growth	-	-	-	108.18%	101.55%	-
Free Cash Flow Margin	245.88%	164.22%	-14.47%	3.81%	11.99%	9.48%
Free Cash Flow Per Share	5.74	3.68	-0.28	0.06	2.98	3.18
Cash Interest Paid	303.3	203.54	29.2	18.65	1.25	1.64
Levered Free Cash Flow	1,159	697.62	-121.87	-78.73	-16.74	-
Unlevered Free Cash Flow	1,349	824.84	-103.62	-67.08	-15.96	-
Change in Working Capital	7,720	5,467	-414.45	-696.4	-13.06	-12.81

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