IST:ISSEN 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
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
Net Income	-931.71	-0.39	0.41	-130.05	133.68	79.84
Depreciation & Amortization	62.71	66.77	136.51	95.58	13.55	8.31
Other Amortization	68.39	83.68	26.64	2.29	1.64	1.46
Loss (Gain) From Sale of Assets	-	-	-	-	-3.07	0.2
Loss (Gain) on Equity Investments	-	-	-	-	-	4.93
Provision & Write-off of Bad Debts	-2.46	0.28	2.33	9.57	0.54	-1.36
Other Operating Activities	317.88	-66.47	-745.06	446.77	291.23	103.54
Change in Accounts Receivable	-311.68	20.94	316.58	-201.13	-188.18	-50.15
Change in Inventory	112.68	-183.71	202.33	-231.58	-169.14	-55.11
Change in Accounts Payable	87.38	97.59	-72.79	-29.09	49.75	-37.51
Change in Other Net Operating Assets	114.75	-39.09	73.05	-76.34	-8.11	-11.87
Operating Cash Flow	-482.05	-20.39	-60	-113.99	121.88	42.26
Operating Cash Flow Growth	-	-	-	-	188.38%	-37.05%
Capital Expenditures	-358.85	-401.29	-181.83	-168.75	-37	-46.19
Sale of Property, Plant & Equipment	-342.82	2.91	5.12	-	3.23	-
Cash Acquisitions	-	-	-	-	-	-0.13
Investing Cash Flow	-701.66	-398.38	-176.71	-168.75	-33.77	-46.33
Short-Term Debt Issued	-	-	-	-	-	27.72
Long-Term Debt Issued	-	3,497	1,957	1,533	652.75	538.91
Total Debt Issued	4,004	3,497	1,957	1,533	652.75	566.63
Long-Term Debt Repaid	-	-2,940	-2,044	-1,385	-780.7	-438.63
Net Debt Issued (Repaid)	1,453	556.41	-86.66	148.49	-127.95	128
Issuance of Common Stock	-	-	-	-	179.65	-
Common Dividends Paid	-	-28.19	-55.01	-18.09	-5.04	-3.62
Other Financing Activities	-168.92	-48.37	169.1	-175.13	25.49	-20.56
Financing Cash Flow	1,284	479.84	27.43	-44.73	72.16	103.81
Foreign Exchange Rate Adjustments	-68.97	-39.5	63.79	72.81	-18.01	-3.84
Net Cash Flow	404.39	21.57	-145.49	-254.66	142.26	95.91
Free Cash Flow	-840.89	-421.68	-241.83	-282.74	84.88	-3.93
Free Cash Flow Margin	-21.02%	-10.91%	-5.77%	-7.41%	7.60%	-0.66%
Free Cash Flow Per Share	-1.98	-0.99	-0.64	-0.75	0.22	-0.01
Cash Interest Paid	387.52	244.04	89.79	42.35	49.02	18.4
Cash Income Tax Paid	25.17	25.17	38.57	71.41	37.18	9.81
Levered Free Cash Flow	-642.71	-254.52	287.71	-856.01	-163.29	-90.57
Unlevered Free Cash Flow	-423.72	-113.25	379.82	-708.94	-143.24	-77.43
Change in Working Capital	3.13	-104.26	519.17	-538.15	-315.68	-154.65

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