IST:EGSER 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	-958.3	-890	-155.75	221.62	262.66	96.37
Depreciation & Amortization	192.56	181.43	252.17	170.74	25.71	20.45
Loss (Gain) From Sale of Assets	-1.25	-4.48	-10.7	0.07	-2.54	-0.52
Provision & Write-off of Bad Debts	0.8	0.8	-0.03	-0	-0	-0
Other Operating Activities	-67.96	15.22	124.9	-21.28	80.49	11.87
Change in Accounts Receivable	-221.99	-166.8	-258.94	-39.71	-189.57	-58.91
Change in Inventory	718.01	540.78	-221.16	-328.47	-62.33	-0.7
Change in Accounts Payable	214.67	506.36	156.6	57.09	141.55	75.81
Change in Unearned Revenue	118.46	236.69	27.58	11.91	14.33	-0.25
Change in Other Net Operating Assets	48.07	-144.34	-194.22	-162.38	-45.74	-8.64
Operating Cash Flow	43.05	275.66	-279.55	-90.42	224.55	135.48
Operating Cash Flow Growth	-	-	-	-	65.74%	634.86%
Capital Expenditures	-187.89	-935.92	-262.63	-236.53	-42.67	-48.89
Sale of Property, Plant & Equipment	-8.81	10.66	0.78	1.57	2.87	2.47
Sale (Purchase) of Intangibles	-9.92	15.5	-26.93	-15.47	-4.76	-0.69
Sale (Purchase) of Real Estate	-0.05	-	-	-	-1.75	-
Other Investing Activities	-0	-	-	133.68	-0	-3.19
Investing Cash Flow	-206.66	-909.75	-288.78	-116.75	-46.32	-50.3
Long-Term Debt Issued	-	596.5	643.8	254.31	-	4.83
Long-Term Debt Repaid	-	-163.56	-810.57	-	-8.45	-
Net Debt Issued (Repaid)	116.49	432.94	-166.76	254.31	-8.45	4.83
Issuance of Common Stock	-	77.18	624.68	-	-	-
Common Dividends Paid	-	-	-	-196.8	-76.75	-6.05
Other Financing Activities	-	-	-	-175.41	-0	-
Financing Cash Flow	100.36	510.13	457.92	-117.91	-85.2	-1.21
Miscellaneous Cash Flow Adjustments	-0	-	-	-0	-	-
Net Cash Flow	-63.25	-123.97	-110.42	-325.07	93.03	83.98
Free Cash Flow	-144.84	-660.26	-542.18	-326.94	181.88	86.6
Free Cash Flow Growth	-	-	-	-	110.03%	2627.66%
Free Cash Flow Margin	-4.42%	-24.53%	-13.71%	-7.66%	17.14%	13.87%
Free Cash Flow Per Share	-0.20	-0.92	-0.75	-1.15	0.64	0.30
Levered Free Cash Flow	-331.87	-168.33	-770.91	-648.84	49.05	51.38
Unlevered Free Cash Flow	5.53	-14.87	-676.43	-588.72	57.83	54.99
Change in Working Capital	877.21	972.69	-490.14	-461.57	-141.76	7.31

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