IST:CWENE 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	2,215	478.06	546.78	1,321	3
Depreciation & Amortization	692.59	599.89	337.41	141.3	16.92
Other Amortization	2.77	2.99	2.28	1.18	0.26
Loss (Gain) From Sale of Assets	51.05	148.49	346.13	-8.73	-0.54
Asset Writedown & Restructuring Costs	-	-	-	0.67	0.74
Loss (Gain) on Equity Investments	-	-	0	-	-
Provision & Write-off of Bad Debts	11.54	29.31	9.79	20.69	-0.02
Other Operating Activities	-2,496	-866.82	-214.77	-289.73	-9.13
Change in Accounts Receivable	-3,142	-396.85	-816.14	-733.53	-113.7
Change in Inventory	469	597.7	-753.78	-1,069	-85.77
Change in Accounts Payable	1,877	1,091	-1,201	1,362	160.56
Change in Unearned Revenue	674.01	-1,977	-440.64	2,011	113.37
Change in Other Net Operating Assets	-376.46	-469.3	124.39	-1,141	-42.14
Operating Cash Flow	-20.92	-1,680	-2,059	1,616	43.54
Operating Cash Flow Growth	-	-	-	3611.24%	-34.60%
Capital Expenditures	-5,640	-1,048	-2,749	-1,176	-89.11
Sale of Property, Plant & Equipment	309.75	193.65	1,286	39.25	16.78
Cash Acquisitions	-	-	-	-1.48	-33.35
Sale (Purchase) of Intangibles	-	-54.34	-35.01	-	-
Investment in Securities	917.75	307.79	32.35	-185.27	-
Other Investing Activities	-	-726.98	-2,050	-	-
Investing Cash Flow	-4,412	-1,327	-3,516	-1,324	-105.68
Long-Term Debt Issued	10,230	4,410	1,902	915.44	130.96
Long-Term Debt Repaid	-5,507	-1,427	-413.65	-535.59	-56.25
Net Debt Issued (Repaid)	4,723	2,983	1,489	379.85	74.72
Issuance of Common Stock	-	-	4,055	-	-
Common Dividends Paid	-	-139.2	-	-	-
Financing Cash Flow	4,723	2,844	5,543	379.85	74.72
Foreign Exchange Rate Adjustments	2.12	33.17	-0.08	0.1	-
Miscellaneous Cash Flow Adjustments	-144.87	-147.2	-424.05	-23.3	-
Net Cash Flow	147.15	-277.85	-455.99	649.02	12.58
Free Cash Flow	-5,661	-2,728	-4,808	439.87	-45.57
Free Cash Flow Margin	-34.61%	-19.81%	-28.95%	5.00%	-4.54%
Free Cash Flow Per Share	-5.25	-2.53	-4.46	0.48	-0.05
Cash Income Tax Paid	-7.14	103.23	125.65	0.02	-0.01
Levered Free Cash Flow	-4,156	-2,389	-3,658	25.65	3.1
Unlevered Free Cash Flow	-3,053	-1,914	-3,498	97.51	47.52
Change in Working Capital	-498.1	-1,154	-3,087	429.76	32.32

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