IST:IZENR 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	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	Dec '20 Dec 31, 2020
Net Income	-716.44	-928.78	1,579	3,762	-	-
Depreciation & Amortization	589.88	566.79	391.26	264.43	-	-
Loss (Gain) on Sale of Assets	68.6	-24.37	-0.25	3.47	-	-
Loss (Gain) on Sale of Investments	114.27	30.54	-8.73	-	-	-
Asset Writedown	235.84	235.84	-	-	-	-
Change in Accounts Receivable	-82.9	-33.45	-200.96	-57.37	-	-
Change in Inventory	-362.35	533.17	711.61	-720.56	-	-
Change in Accounts Payable	-27.34	-97.8	15.56	25.07	-	-
Change in Other Net Operating Assets	-160.55	-109.41	-99.03	-205.49	-	-
Other Operating Activities	465.72	436.77	-1,359	-1,457	-	-
Operating Cash Flow	124.72	609.29	1,029	1,614	-	-
Operating Cash Flow Growth	-84.93%	-40.80%	-36.23%	-	-	-
Capital Expenditures	17.82	-545.6	-684.93	-64.16	-	-
Sale of Property, Plant & Equipment	4.22	48.22	0.87	1.41	-	-
Cash Acquisitions	226.55	-	-	-97.39	-	-
Investment in Securities	-290.58	-290.58	-91.7	-	-	-
Other Investing Activities	-1,436	-434.95	-1,327	12.93	-	-
Investing Cash Flow	-1,478	-1,223	-2,103	-147.21	-	-
Long-Term Debt Issued	-	344.97	1,371	1,734	-	-
Long-Term Debt Repaid	-	-320.79	-1,757	-3,126	-	-
Net Debt Issued (Repaid)	423.96	24.18	-385.34	-1,392	-	-
Issuance of Common Stock	-	-	2,312	-	-	-
Other Financing Activities	-9.34	-21.7	-82.44	-204.35	-	-
Financing Cash Flow	414.61	2.47	1,844	-1,596	-	-
Foreign Exchange Rate Adjustments	31.39	-0.22	-	-	-	-
Miscellaneous Cash Flow Adjustments	21.2	167.7	-	-	-	-
Net Cash Flow	-886	-443.67	770.38	-129.67	-	-
Free Cash Flow	142.54	63.69	344.21	1,550	-	-
Free Cash Flow Growth	-	-81.50%	-77.79%	-	-	-
Free Cash Flow Margin	2.02%	0.88%	3.16%	12.30%	-	-
Free Cash Flow Per Share	-	0.03	0.14	0.73	-	-
Cash Interest Paid	67.44	67.44	108.89	173.01	-	-
Cash Income Tax Paid	20.88	20.88	36.04	32.41	-	-
Levered Free Cash Flow	-274.96	427.83	-170.36	583.6	-	-
Unlevered Free Cash Flow	-211.45	512.44	-109.77	701.55	-	-
Change in Net Working Capital	932.16	-333.7	396.16	1,196	225.99	-

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