IST:ELITE 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	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	Dec '20 Dec 31, 2020
Net Income	383.88	394.85	185.89	-60.55	38.03	29.38
Depreciation & Amortization	48.86	45.9	29.04	6.34	3.57	3.42
Other Operating Activities	-123.4	-81.37	-13.55	-56.47	2.57	5.7
Change in Accounts Receivable	-26.06	-82.41	-41.46	357.05	-191.94	-53.28
Change in Inventory	-108.65	-51.85	7.46	0.43	-2.7	-26.8
Change in Accounts Payable	-34.78	-37.97	9.73	-285.24	97.2	17.61
Change in Unearned Revenue	-	-	-	26.45	-	-
Change in Other Net Operating Assets	37.2	28.22	1.74	10.26	31.03	-28.98
Operating Cash Flow	177.05	215.36	178.86	-1.74	-22.24	-52.95
Operating Cash Flow Growth	-12.60%	20.41%	-	-	-	-
Capital Expenditures	-46.17	-84.8	-76.46	-31.41	-3.45	-2.63
Sale of Property, Plant & Equipment	-	-	0.25	7.92	-	-
Other Investing Activities	-	-	-	-	-0.03	-
Investing Cash Flow	-46.17	-84.8	-76.2	-34.36	-3.49	-2.63
Long-Term Debt Issued	-	147.62	129.64	30	83.21	66.24
Long-Term Debt Repaid	-	-211.83	-62.68	-91.26	-99.91	-
Net Debt Issued (Repaid)	-99.64	-64.21	66.96	-61.26	-16.71	66.24
Issuance of Common Stock	-	-	-	-	61.2	0.2
Common Dividends Paid	-	-	-114.77	-123.94	-	-
Other Financing Activities	-	-	-	-	25.43	16.73
Financing Cash Flow	-99.64	-64.21	-47.81	-185.2	69.92	83.16
Foreign Exchange Rate Adjustments	11.42	-8.61	-	-	-	-
Miscellaneous Cash Flow Adjustments	-16.61	-14.25	-44.07	-	-	-
Net Cash Flow	26.04	43.49	10.77	-221.3	44.2	27.58
Free Cash Flow	130.87	130.56	102.4	-33.15	-25.69	-55.58
Free Cash Flow Growth	29.87%	27.51%	-	-	-	-
Free Cash Flow Margin	8.08%	7.43%	8.29%	-3.16%	-8.42%	-27.02%
Free Cash Flow Per Share	1.01	1.01	0.79	-0.26	-0.20	-
Cash Interest Paid	45.9	47.43	17.89	-	2.03	-
Cash Income Tax Paid	-	-	-	25.8	10.85	-
Levered Free Cash Flow	-71.48	119.35	-142.99	-178.85	12.73	-
Unlevered Free Cash Flow	-43.1	148.99	-131.81	-174.92	14	-
Change in Net Working Capital	353.61	162.03	234.58	306.75	63.69	-

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.