IST:GLCVY 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	1,498	1,182	855.12	390.68	173.87
Depreciation & Amortization	64.33	46.55	27.61	12.21	11.77
Other Amortization	9.41	8.59	7	5.09	4.22
Other Operating Activities	490.37	467.32	247.63	192.75	17.69
Change in Other Net Operating Assets	-3,635	-3,264	-883.31	-364.4	-339.04
Operating Cash Flow	-1,601	-1,638	223.11	212.34	-131.49
Operating Cash Flow Growth	-	-	5.08%	-	-
Capital Expenditures	-31.96	-9.98	-93.61	-54.71	-6.12
Sale of Property, Plant & Equipment	-	-	54.61	25.35	16.08
Divestitures	-	-	-	-	0.66
Investment in Securities	1.88	0.15	-	-	-
Other Investing Activities	-21.15	-4.88	-	-	-
Investing Cash Flow	-51.23	-14.71	-39.01	-29.36	10.61
Short-Term Debt Issued	4,953	2,842	342	551.49	-
Long-Term Debt Issued	-	-	-	-	166.41
Total Debt Issued	4,953	2,842	342	551.49	166.41
Short-Term Debt Repaid	-2,806	-1,129	-75	-660	-
Long-Term Debt Repaid	-81.53	-55.28	-24.97	-13.18	-130.65
Total Debt Repaid	-2,887	-1,185	-99.97	-673.18	-130.65
Net Debt Issued (Repaid)	2,065	1,658	242.03	-121.69	35.76
Issuance of Common Stock	-	-	-	-	174.69
Common Dividends Paid	-350	-128.27	-300.08	-43.47	-58.28
Financing Cash Flow	1,715	1,529	-58.05	-165.16	152.17
Net Cash Flow	62.62	-123.43	126.06	17.82	31.3
Free Cash Flow	-1,633	-1,648	129.5	157.62	-137.61
Free Cash Flow Growth	-	-	-17.84%	-	-
Free Cash Flow Margin	-21.19%	-34.73%	4.72%	14.53%	-21.75%
Free Cash Flow Per Share	-11.69	-11.80	0.93	1.13	-0.98
Cash Interest Paid	1,195	511.98	124.64	101.02	84.2
Cash Income Tax Paid	258.26	398.69	377.12	146.67	87.57
Levered Free Cash Flow	-2,170	-1,939	51.36	61.96	26.5
Unlevered Free Cash Flow	-1,439	-1,555	130.44	106.28	75.29
Change in Working Capital	-3,664	-3,343	-914.24	-388.4	-339.04