IST:HKTM 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	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
Net Income	-71.9	-126.07	-38.73	-51.94	41.6
Depreciation & Amortization	14.18	48.69	62.82	29.11	1.55
Other Amortization	34.12	25.95	25.17	12.05	0.61
Loss (Gain) on Equity Investments	1.61	-1.66	-1.77	-1.34	-0.32
Other Operating Activities	165.94	137.48	74.08	333.54	0.23
Change in Accounts Receivable	-40.38	-35.92	-158.88	-58.4	-20.86
Change in Inventory	-304.72	-126.57	-122.52	-146.83	-12.48
Change in Accounts Payable	-22.22	50.37	145.87	-67.69	17.99
Change in Unearned Revenue	191.42	155.03	2.97	-93.87	12.74
Change in Other Net Operating Assets	26.14	-133.73	153.21	-12.11	-13.09
Operating Cash Flow	-5.81	-6.43	142.22	-57.48	27.97
Capital Expenditures	85.24	-8.47	-110.69	-108.04	-13.8
Sale of Property, Plant & Equipment	-2.27	1.14	8.8	23.24	0.9
Cash Acquisitions	-40	-	-	-6.46	-
Investment in Securities	4.7	4.7	-	-	-
Other Investing Activities	0	-	-	-0	-
Investing Cash Flow	47.68	-2.63	-101.88	-91.26	-12.9
Long-Term Debt Issued	-	308.21	419.45	381.38	44.13
Long-Term Debt Repaid	-	-263.35	-256.16	-290.25	-36.96
Net Debt Issued (Repaid)	-79.4	44.85	163.29	91.14	7.18
Issuance of Common Stock	305	-	-	170.74	-
Common Dividends Paid	-	-	-5.56	-	-
Other Financing Activities	-147.35	-153.49	-51.3	-28.09	-9.2
Financing Cash Flow	78.24	-108.64	106.44	233.79	-2.03
Miscellaneous Cash Flow Adjustments	-8.66	-77.81	-68.89	-37.62	-
Net Cash Flow	111.46	-195.51	77.89	47.43	13.04
Free Cash Flow	79.43	-14.9	31.54	-165.52	14.17
Free Cash Flow Margin	12.36%	-2.20%	3.59%	-31.46%	7.79%
Free Cash Flow Per Share	0.84	-0.16	0.30	-1.88	0.47
Cash Interest Paid	149.13	159.45	58.26	33.15	9.4
Cash Income Tax Paid	-	0.42	2.06	18.55	8.31
Levered Free Cash Flow	-6.24	-35.08	16.11	-253.15	-
Unlevered Free Cash Flow	99.98	88.65	87.03	-226.81	-
Change in Working Capital	-149.76	-90.83	20.65	-378.9	-15.7

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