IST:EGEGY Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-269.08	-42.16	148.25	30.33
Depreciation & Amortization	3.11	3.11	3.12	1.41
Asset Writedown & Restructuring Costs	-117.57	-298.4	-103.25	-
Loss (Gain) From Sale of Investments	-75.04	-76.26	-2.69	-0.17
Provision & Write-off of Bad Debts	2.7	3.44	4.47	5.16
Other Operating Activities	207.56	-42.36	115.1	59.45
Change in Accounts Receivable	17.47	-33.76	-134.23	-15.6
Change in Inventory	-1,247	-1,283	-7.63	-168.29
Change in Accounts Payable	6.16	143.16	24.82	2.01
Change in Unearned Revenue	1,092	1,439	879.93	183.89
Change in Other Net Operating Assets	54.84	146.23	-495.77	-115.27
Operating Cash Flow	-325.17	-40.32	432.12	-17.07
Capital Expenditures	-0.7	-0.69	-	-1.92
Other Investing Activities	-10.39	-165.05	-13.73	0.17
Investing Cash Flow	-44.55	-242.54	-38.58	-1.75
Long-Term Debt Issued	253.83	276.94	2.39	30.02
Long-Term Debt Repaid	-44.82	-55.59	-65.65	-58.89
Net Debt Issued (Repaid)	209.01	221.36	-63.26	-28.87
Issuance of Common Stock	306.97	167.3	171.53	-
Other Financing Activities	-150.78	-67.76	-140.72	26.35
Financing Cash Flow	365.19	320.9	-32.45	-2.52
Miscellaneous Cash Flow Adjustments	-64.89	-125.75	-190.86	-122.05
Net Cash Flow	-69.42	-87.71	170.23	-143.4
Free Cash Flow	-325.87	-41.01	432.12	-18.99
Free Cash Flow Margin	-360.85%	-12.61%	38.32%	-3.48%
Free Cash Flow Per Share	-2.12	-0.28	10.23	-2.21
Cash Interest Paid	155.55	17.37	18.25	38.5
Cash Income Tax Paid	4.39	15.38	-0.02	-1.28
Levered Free Cash Flow	1,082	95.39	-217	-
Unlevered Free Cash Flow	1,207	156.94	-198.33	-
Change in Net Working Capital	-1,292	-245.54	329.32	-

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