IST:GSRAY Cash Flow Statement

Financials in millions TRY. Fiscal year is June - May.

Millions TRY. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 28, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Net Income	-1,033	-886.7	3,759	-720.6	-377.49	-434.55
Depreciation & Amortization	2,988	2,249	1,707	731.54	127.5	101.8
Loss (Gain) From Sale of Assets	211.59	-923.6	-1,981	-329.63	-1.25	-16
Asset Writedown & Restructuring Costs	19.53	19.53	18.22	-11.13	-5.31	-1.48
Provision & Write-off of Bad Debts	-7.55	-6.82	0.99	5.22	0.77	2.03
Other Operating Activities	1,864	568.06	-2,812	632.68	183.6	160.9
Change in Accounts Receivable	-1,224	-134.06	-531.57	-296.79	-11.46	-8.83
Change in Inventory	-410.67	-18.65	-360.61	-47.57	-31.09	-4.92
Change in Accounts Payable	1,751	7,200	-980.08	3,256	-104.75	-56.48
Change in Unearned Revenue	257.71	1,228	1,563	833.85	32.17	4.05
Change in Other Net Operating Assets	-5,820	-10,579	1,598	-989.4	230.67	151.37
Operating Cash Flow	-1,403	-1,285	1,980	3,064	43.35	-102.11
Operating Cash Flow Growth	-	-	-35.37%	6968.19%	-	-
Capital Expenditures	-117.3	-186.38	-103.05	-13.58	-9.77	-2.51
Sale (Purchase) of Intangibles	-4,217	904.29	1,873	-375.84	-109.07	-2.32
Sale (Purchase) of Real Estate	-7.19	-7.19	-	-3.72	-12.43	-0.34
Other Investing Activities	-	-	-	-	-	-284.29
Investing Cash Flow	-4,342	710.72	1,770	-393.13	-131.27	-289.46
Long-Term Debt Issued	-	564.66	14.03	1,904	-	2,791
Long-Term Debt Repaid	-	-3,649	-1,865	-33.66	-12.72	-1,910
Net Debt Issued (Repaid)	-2,556	-3,084	-1,851	1,870	-12.72	881.59
Issuance of Common Stock	8,513	4,747	1,031	-	-	-
Other Financing Activities	-343.66	-893.3	-3,103	-4,378	-3.42	-330.98
Financing Cash Flow	5,614	769.92	-3,923	-2,508	-16.15	550.61
Miscellaneous Cash Flow Adjustments	-32.4	-11.48	-61.18	-58.5	-	-
Net Cash Flow	-163.27	184.19	-234.23	104.5	-104.06	159.05
Free Cash Flow	-1,520	-1,471	1,877	3,051	33.59	-104.62
Free Cash Flow Growth	-	-	-38.46%	8982.86%	-	-
Free Cash Flow Margin	-9.56%	-13.34%	17.44%	89.29%	2.82%	-16.91%
Free Cash Flow Per Share	-0.17	-0.55	2.06	5.65	0.06	-0.19
Cash Interest Paid	343.66	893.3	3,103	472.95	-	334.26
Cash Income Tax Paid	6.82	-28.13	17.05	0.51	3.32	-
Levered Free Cash Flow	1,448	1,558	2,588	2,148	16.86	-233.68
Unlevered Free Cash Flow	2,918	2,953	3,859	2,660	343.84	-72.11
Change in Working Capital	-5,446	-2,304	1,288	2,756	115.53	85.19

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