IST:KARSN 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	529.27	55.48	556.16	-205.76	98.89	20.32
Depreciation & Amortization	262.55	191.78	224.63	124.82	34.83	23.6
Other Amortization	361.18	353.94	317.64	288.14	43.33	42.94
Loss (Gain) From Sale of Assets	192.59	-55.2	-	-1.23	-1.68	-0.54
Asset Writedown & Restructuring Costs	283.84	283.84	-104.87	97.62	-	12.7
Loss (Gain) From Sale of Investments	-	-	-	-	13.67	-
Provision & Write-off of Bad Debts	34.57	-89.54	31.21	59.73	44.41	5.46
Other Operating Activities	2,021	930.62	1,091	-703.62	575.94	404.24
Change in Accounts Receivable	-1,899	-2,661	-687.51	250.29	-327.19	-224.83
Change in Inventory	762.68	379.14	361.54	-529.14	-138.34	-47.8
Change in Accounts Payable	497.17	522.11	961.72	285.26	171.58	77.8
Change in Other Net Operating Assets	-867.23	635.13	309.46	-596.68	-401.42	120.51
Operating Cash Flow	3,123	546.44	3,061	-930.57	114.03	434.4
Operating Cash Flow Growth	1951.06%	-82.15%	-	-	-73.75%	-
Capital Expenditures	-14.81	-234.85	-54.62	-431.67	-143.9	-30.56
Sale of Property, Plant & Equipment	84.18	78.89	90.24	2.06	1.79	1.26
Divestitures	74.26	74.26	-	-	-	-
Sale (Purchase) of Intangibles	-991.4	-729.32	-235.51	-20.56	-12.99	-12.62
Investment in Securities	-	-	-	-	-	-0.13
Other Investing Activities	147.51	201.96	49.04	164.43	200.49	1.41
Investing Cash Flow	-700.26	-609.06	-150.86	-285.74	45.39	-40.64
Long-Term Debt Issued	-	8,460	9,710	8,801	1,474	1,041
Long-Term Debt Repaid	-	-6,103	-9,393	-7,276	-1,409	-1,241
Net Debt Issued (Repaid)	474.09	2,358	316.74	1,525	65.43	-199.82
Other Financing Activities	-2,408	-2,176	-1,544	-545.13	-193.58	-161.99
Financing Cash Flow	-1,934	181.52	-1,227	979.99	-128.14	-361.81
Foreign Exchange Rate Adjustments	54.84	32.21	87.24	19.98	1.94	-9.36
Miscellaneous Cash Flow Adjustments	-1,246	-455.81	-394.13	11.1	-	-
Net Cash Flow	-703.11	-304.71	1,376	-205.25	33.22	22.6
Free Cash Flow	3,108	311.59	3,007	-1,362	-29.86	403.84
Free Cash Flow Growth	1493.83%	-89.64%	-	-	-	-
Free Cash Flow Margin	27.96%	2.87%	28.05%	-25.41%	-1.42%	24.99%
Free Cash Flow Per Share	3.45	0.35	3.34	-1.51	-0.03	0.45
Cash Interest Paid	1,359	1,127	1,308	571.25	194.72	163
Cash Income Tax Paid	19	9.05	1.02	4.52	7.85	2.03
Levered Free Cash Flow	-1,990	-1,400	895.79	-2,660	-41.75	-9.45
Unlevered Free Cash Flow	-1,454	-878.88	1,505	-2,360	59.11	60.97
Change in Working Capital	-562.48	-1,124	945.21	-590.28	-695.36	-74.32

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.