IST:GLCVY 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	2018 - 2019
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	2018 - 2019
Net Income	1,458	1,182	855.12	390.68	173.87	102.28	Upgrade
Depreciation & Amortization	49.38	46.55	27.61	12.21	11.77	11.92	Upgrade
Other Amortization	8.74	8.59	7	5.09	4.22	3.17	Upgrade
Other Operating Activities	559.37	506.46	247.63	192.75	17.69	52.31	Upgrade
Change in Other Net Operating Assets	-3,144	-3,109	-883.31	-364.4	-339.04	-111.38	Upgrade
Operating Cash Flow	-1,124	-1,444	223.11	212.34	-131.49	58.3	Upgrade
Operating Cash Flow Growth	-	-	5.08%	-	-	-30.59%	Upgrade
Capital Expenditures	-195.21	-186.03	-93.61	-54.71	-6.12	-25.83	Upgrade
Sale of Property, Plant & Equipment	56.96	56.96	54.61	25.35	16.08	16.65	Upgrade
Divestitures	-	-	-	-	0.66	-	Upgrade
Investing Cash Flow	-138.07	-129.08	-39.01	-29.36	10.61	-9.17	Upgrade
Short-Term Debt Issued	-	2,763	342	551.49	-	-	Upgrade
Long-Term Debt Issued	-	-	-	-	166.41	-	Upgrade
Total Debt Issued	4,474	2,763	342	551.49	166.41	-	Upgrade
Short-Term Debt Repaid	-	-1,129	-75	-660	-	-	Upgrade
Long-Term Debt Repaid	-	-55.28	-24.97	-13.18	-130.65	-10.01	Upgrade
Total Debt Repaid	-2,845	-1,185	-99.97	-673.18	-130.65	-10.01	Upgrade
Net Debt Issued (Repaid)	1,629	1,578	242.03	-121.69	35.76	-10.01	Upgrade
Issuance of Common Stock	-	-	-	-	174.69	-	Upgrade
Common Dividends Paid	-350	-128.27	-300.08	-43.47	-58.28	-26.22	Upgrade
Financing Cash Flow	1,279	1,450	-58.05	-165.16	152.17	-36.22	Upgrade
Net Cash Flow	17.4	-123.43	126.06	17.82	31.3	12.9	Upgrade
Free Cash Flow	-1,319	-1,630	129.5	157.62	-137.61	32.47	Upgrade
Free Cash Flow Growth	-	-	-17.84%	-	-	-54.83%	Upgrade
Free Cash Flow Margin	-17.51%	-34.08%	4.72%	14.53%	-21.75%	7.91%	Upgrade
Free Cash Flow Per Share	-9.44	-11.67	0.93	1.13	-0.98	0.26	Upgrade
Cash Interest Paid	1,029	511.98	124.64	101.02	84.2	73.87	Upgrade
Cash Income Tax Paid	248.64	398.69	377.12	146.67	87.57	21.71	Upgrade
Levered Free Cash Flow	-2,042	-2,115	51.36	61.96	26.5	130.06	Upgrade
Unlevered Free Cash Flow	-1,410	-1,731	130.44	106.28	75.29	190.81	Upgrade
Change in Working Capital	-3,199	-3,188	-914.24	-388.4	-339.04	-111.38	Upgrade

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