IST:GRSEL 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
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
Net Income	1,639	1,650	1,565	281.52	68.1
Depreciation & Amortization	653.39	554.92	99.01	3.07	20.18
Loss (Gain) From Sale of Assets	-50.81	-32.18	-48.19	-78.32	-0.61
Asset Writedown & Restructuring Costs	-44.75	-44.75	-487.13	-104.3	-29.89
Provision & Write-off of Bad Debts	-0.57	1.32	0.42	-3.38	2.01
Other Operating Activities	49.83	72.77	163.05	88.62	4.25
Change in Accounts Receivable	-688.64	-887.63	-823.28	-282.72	-19.71
Change in Inventory	2.03	2.15	-1.32	-4.16	-0.28
Change in Accounts Payable	517.84	83.72	262.39	192.47	26.54
Change in Unearned Revenue	355.33	934.65	-	-	17.61
Change in Other Net Operating Assets	-7.89	97.26	-41	-30.74	10.81
Operating Cash Flow	2,420	2,432	688.58	62.06	99.02
Operating Cash Flow Growth	88.65%	253.25%	1009.61%	-37.33%	-
Capital Expenditures	-1,313	-1,249	-1,060	-89.9	-118.93
Sale of Property, Plant & Equipment	359.22	201.8	416.86	100.59	50.71
Sale (Purchase) of Intangibles	-9.11	-	-	-	-1.26
Investment in Securities	-	-	-	-	4.65
Investing Cash Flow	-963.21	-1,047	-643.22	10.69	-64.83
Long-Term Debt Issued	-	-	397	111.01	-
Long-Term Debt Repaid	-	-530.37	-	-	-
Net Debt Issued (Repaid)	-466.26	-530.37	397	111.01	-
Issuance of Common Stock	-	-	-	226.02	64.55
Repurchase of Common Stock	-	-	-	-15	-
Common Dividends Paid	-60.48	-60.48	-119.27	-18.57	-
Other Financing Activities	-	-	-	-	-75
Financing Cash Flow	-526.74	-590.85	277.73	303.46	-10.45
Foreign Exchange Rate Adjustments	3.03	-10.65	-	-	1.27
Miscellaneous Cash Flow Adjustments	-113.2	-71.77	-233.49	-71.96	-
Net Cash Flow	819.83	711.75	89.59	304.25	25
Free Cash Flow	1,107	1,183	-371.51	-27.84	-19.91
Free Cash Flow Margin	13.12%	14.21%	-5.72%	-0.93%	-3.14%
Free Cash Flow Per Share	10.85	11.60	-3.64	-0.27	-0.23
Cash Income Tax Paid	236.52	208.66	91.86	26.48	15.03
Levered Free Cash Flow	352.86	676.68	-906.32	-161.74	-
Unlevered Free Cash Flow	530.78	911.54	-701.41	-93.61	-
Change in Net Working Capital	63.71	-258.01	539.69	268.06	-

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