IST:DESPC 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	14.65	15.2	-114.73	-84.15	41.67	20.26
Depreciation & Amortization	4.9	3.28	5.78	2.68	0.65	0.49
Asset Writedown & Restructuring Costs	0.19	0.19	-0.22	-0.43	-	-
Provision & Write-off of Bad Debts	0.42	0.41	1.09	-0.05	0.03	0.09
Other Operating Activities	440.4	303.21	265.47	222.72	9.25	4.97
Change in Accounts Receivable	-1,679	-1,271	-1,089	13.06	-92.54	-96.35
Change in Inventory	122.27	-130.52	-175.65	-50.84	-20.55	-16.69
Change in Accounts Payable	2,491	1,143	1,351	11.42	31.66	7.46
Change in Unearned Revenue	29.69	7.06	1.19	-	-	-
Change in Other Net Operating Assets	-246.78	120.19	-58.7	170.52	0.12	0.12
Operating Cash Flow	1,178	191.3	187.06	284.94	-29.71	-79.66
Operating Cash Flow Growth	466.41%	2.26%	-34.35%	-	-	-
Capital Expenditures	-0.42	-4.47	-0.18	-0.16	-0.11	-0.08
Sale of Property, Plant & Equipment	-	-	-	0.02	-	-
Sale (Purchase) of Intangibles	-0.9	-0.05	-1.5	-0.03	-	-0.01
Investing Cash Flow	-1.32	-4.52	-1.68	-0.17	-0.11	-0.09
Short-Term Debt Issued	-	-	-	300.49	262.56	302.37
Long-Term Debt Issued	-	221.28	3.34	-	-	-
Total Debt Issued	284.19	221.28	3.34	300.49	262.56	302.37
Short-Term Debt Repaid	-	-	-	-502.4	-227.94	-213.1
Long-Term Debt Repaid	-	-225.5	-84.69	-1.61	-0.74	-0.55
Total Debt Repaid	-292.06	-225.5	-84.69	-504	-228.68	-213.65
Net Debt Issued (Repaid)	-7.87	-4.23	-81.35	-203.51	33.88	88.73
Other Financing Activities	-449.11	-182.59	-99.67	-80.91	-13	1.2
Financing Cash Flow	-456.98	-186.82	-181.02	-284.42	20.88	89.93
Miscellaneous Cash Flow Adjustments	-2.05	-4.17	-5.95	-	-	-
Net Cash Flow	718.02	-4.21	-1.58	0.35	-8.95	10.18
Free Cash Flow	1,178	186.83	186.88	284.77	-29.82	-79.74
Free Cash Flow Growth	480.12%	-0.03%	-34.37%	-	-	-
Free Cash Flow Margin	10.56%	2.55%	3.20%	11.07%	-3.85%	-12.11%
Free Cash Flow Per Share	51.22	8.12	8.13	12.38	-1.30	-3.47
Cash Interest Paid	449.11	182.59	99.67	80.91	13	-
Cash Income Tax Paid	35.45	22.28	30.7	46.26	4.22	8.98
Levered Free Cash Flow	320.5	-432.57	-152.33	-61.08	-83.83	-100.76
Unlevered Free Cash Flow	1,026	138.2	188.61	35.12	-64.46	-90.19
Change in Working Capital	717.81	-130.99	29.67	144.17	-81.31	-105.47

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