IST:GENTS Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	259.93	143.27	190.63	-74.28	107.16
Depreciation & Amortization	177.47	138.1	104.22	74.08	14.02
Loss (Gain) From Sale of Assets	26.72	-53.87	-14.83	-50.27	-2.14
Loss (Gain) on Equity Investments	-21.78	-17.37	-27.11	-0.74	-38.96
Provision & Write-off of Bad Debts	8.8	6.47	2.26	0.36	1.32
Other Operating Activities	30.9	126.55	-90.95	-182.15	16.69
Change in Accounts Receivable	-371.1	19.93	-455.82	-126.92	-21.79
Change in Inventory	147.73	-119.48	159.58	82.01	-108.91
Change in Accounts Payable	156.25	352.05	318.86	254.01	87.9
Change in Unearned Revenue	9.79	-22.37	-45.47	-156.7	70.49
Change in Other Net Operating Assets	3.08	-7.95	62.1	26.59	-30.6
Operating Cash Flow	427.78	565.33	203.46	-154.02	95.18
Operating Cash Flow Growth	-24.33%	177.85%	-	-	327.32%
Capital Expenditures	-252.09	-361.94	-272.23	-124.76	-46.8
Sale of Property, Plant & Equipment	68.44	62.97	27.01	58.69	2.64
Sale (Purchase) of Intangibles	-1.45	-8.37	-1.43	-2.7	-0.39
Investment in Securities	-104.01	-175.46	150.3	-109.88	3.47
Other Investing Activities	33.88	31.06	53.96	22.9	2.82
Investing Cash Flow	-255.25	-451.74	-42.38	-155.75	-38.27
Long-Term Debt Issued	558.72	271.41	236.73	240.57	81.27
Long-Term Debt Repaid	-449.62	-287.04	-289.44	-148.67	-17.35
Net Debt Issued (Repaid)	109.1	-15.63	-52.71	91.9	63.91
Common Dividends Paid	-98.22	-73.9	-46.57	-44.61	-9.39
Other Financing Activities	-	-	-11.91	-16.89	-5.01
Financing Cash Flow	10.88	-89.53	-111.18	30.41	49.52
Foreign Exchange Rate Adjustments	124.36	118.49	52.72	2.8	-8.73
Miscellaneous Cash Flow Adjustments	-78.59	-84.51	-69.59	-	-
Net Cash Flow	229.19	58.04	33.04	-276.55	97.7
Free Cash Flow	175.68	203.4	-68.76	-278.77	48.38
Free Cash Flow Growth	-13.63%	-	-	-	947.53%
Free Cash Flow Margin	3.46%	3.97%	-1.59%	-9.16%	6.14%
Free Cash Flow Per Share	0.23	0.27	-0.09	-0.37	0.07
Cash Income Tax Paid	56.24	34.53	52.96	47.83	16.3
Levered Free Cash Flow	120.45	-148.78	-106.01	-442.47	8.84
Unlevered Free Cash Flow	198.02	-50.97	-44.14	-427.28	19.69
Change in Working Capital	-54.26	222.17	39.24	78.99	-2.92

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