IST:EFORC 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	407.11	441.13	705.64	165.42	179.14
Depreciation & Amortization	91.13	76.68	50.44	29.61	22.57
Other Amortization	-	-	-	0.65	0.44
Loss (Gain) From Sale of Assets	14.39	9.09	-14.3	-4.32	-32.67
Asset Writedown & Restructuring Costs	-13.08	-6.73	-337.33	-102.05	0.38
Provision & Write-off of Bad Debts	2.2	2.2	10.47	-	-
Other Operating Activities	-61.55	-13.24	231.58	118	2.83
Change in Accounts Receivable	-864.11	-145.76	-47.09	-384.93	-287.33
Change in Inventory	-1,483	-1,192	-387.65	-356.5	-108.06
Change in Accounts Payable	2,321	1,835	-820.18	208.55	377.31
Change in Unearned Revenue	-118.17	-156.94	386.23	-114.04	54.69
Change in Other Net Operating Assets	-192.4	-568.37	159.45	-171.96	-12.71
Operating Cash Flow	104.19	281.07	-62.73	-611.56	196.59
Capital Expenditures	-760.58	-880.24	-581.95	-316.3	-25.62
Sale of Property, Plant & Equipment	15.17	14.62	57.58	11.88	63.18
Divestitures	-	-	-	-	-103.77
Other Investing Activities	-5.92	-	0.26	7.53	9.11
Investing Cash Flow	-672.39	-858.33	-538.55	-320.79	1.66
Long-Term Debt Issued	-	109.06	608.3	703.52	-
Long-Term Debt Repaid	-	-	-	-	-101.61
Net Debt Issued (Repaid)	-176.06	109.06	608.3	703.52	-101.61
Issuance of Common Stock	973.71	973.71	150	196.87	73.19
Other Financing Activities	-100.7	-170.63	-149.93	-80.87	-22.69
Financing Cash Flow	696.96	912.15	608.37	819.52	-51.11
Net Cash Flow	128.75	334.89	7.09	-112.83	147.14
Free Cash Flow	-656.39	-599.17	-644.67	-927.86	170.97
Free Cash Flow Margin	-8.59%	-8.90%	-8.61%	-15.44%	6.51%
Free Cash Flow Per Share	-1.89	-1.81	-4.24	-8111.83	-
Cash Interest Paid	188.99	249.58	167.93	80.87	22.69
Cash Income Tax Paid	51.37	46.71	43.79	26.86	13.37
Levered Free Cash Flow	-1,045	-648.35	-962.22	-876.12	-
Unlevered Free Cash Flow	-907.05	-484.91	-851.76	-822.89	-
Change in Net Working Capital	807.99	233.27	927.9	799.76	-

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