IST:DMSAS 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	2015 - 2019
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	2015 - 2019
Net Income	-163.19	-85.11	174.1	-252.51	32.04	15.76	Upgrade
Depreciation & Amortization	147.95	156.12	85.85	164.54	17.19	15.36	Upgrade
Other Operating Activities	133.77	-96.18	-206.11	-412.97	46.36	23.47	Upgrade
Change in Accounts Receivable	24.5	388.47	104.85	-30.55	-109.21	-41.4	Upgrade
Change in Inventory	79.71	71.56	175.18	-101.07	-37.43	-7.55	Upgrade
Change in Accounts Payable	70.95	-230.93	2.08	141.02	55.8	31.29	Upgrade
Change in Unearned Revenue	2.72	-3.19	2.74	0.68	-0.2	0.53	Upgrade
Change in Other Net Operating Assets	78.2	2.34	175.63	34.67	-29.22	-3.07	Upgrade
Operating Cash Flow	374.61	203.08	514.34	-456.19	-24.68	34.4	Upgrade
Operating Cash Flow Growth	-	-60.51%	-	-	-	33.68%	Upgrade
Capital Expenditures	-95.29	-135.47	-344.1	-176.51	-49.04	-11.34	Upgrade
Sale of Property, Plant & Equipment	87.61	73.97	43.65	22.98	1.41	3.03	Upgrade
Investing Cash Flow	-7.67	-61.5	-300.45	-153.53	-47.63	-8.31	Upgrade
Long-Term Debt Issued	-	-	-	472.71	312.81	155.14	Upgrade
Long-Term Debt Repaid	-	-533.17	-130.17	-10.71	-256.63	-144.09	Upgrade
Net Debt Issued (Repaid)	-389.29	-533.17	-130.17	462	56.18	11.05	Upgrade
Issuance of Common Stock	-	100.58	-	-	-	-	Upgrade
Common Dividends Paid	-	-	-	-	-8.63	-	Upgrade
Other Financing Activities	112.81	159.54	258.98	85.33	-9.27	-6.57	Upgrade
Financing Cash Flow	-311.62	-273.04	128.8	547.33	38.28	4.48	Upgrade
Miscellaneous Cash Flow Adjustments	-251.1	-133.68	17.76	21.53	-	-	Upgrade
Net Cash Flow	-195.78	-265.14	360.46	-40.86	-34.02	30.57	Upgrade
Free Cash Flow	279.32	67.61	170.24	-632.71	-73.71	23.05	Upgrade
Free Cash Flow Growth	43.60%	-60.28%	-	-	-	258.11%	Upgrade
Free Cash Flow Margin	9.64%	1.95%	4.12%	-23.00%	-10.83%	5.95%	Upgrade
Free Cash Flow Per Share	1.40	0.34	1.70	-6.33	-0.74	0.23	Upgrade
Cash Interest Paid	-	-	-	-	-	10.87	Upgrade
Cash Income Tax Paid	1.76	-6.47	-8.88	-	-	-4.22	Upgrade
Levered Free Cash Flow	97.65	7.04	-240.37	-1,741	-138.71	-6.48	Upgrade
Unlevered Free Cash Flow	205.77	236.24	-11.86	-1,646	-117.35	7.33	Upgrade
Change in Working Capital	256.08	228.25	460.49	44.74	-120.26	-20.19	Upgrade

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