Kuzey Boru Anonim Sirketi Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	648.42	316.51	202	5.76	2.46
Depreciation & Amortization	104.73	57.2	32.95	4.59	2.69
Loss (Gain) From Sale of Assets	-0.78	-	-	0.32	-
Loss (Gain) From Sale of Investments	-15.61	-58.7	-	-	-
Provision & Write-off of Bad Debts	41.87	0.01	-0.68	0.45	0.65
Other Operating Activities	-301.18	16.46	-60.38	7.78	10.6
Change in Accounts Receivable	-434.45	-330.34	-63.13	-52.32	2.82
Change in Inventory	-417.92	-242.22	-129.48	-8.41	-14.32
Change in Accounts Payable	1,145	144.83	-5.86	5.08	3.96
Change in Unearned Revenue	-190.32	224.1	-153.01	67.47	4.52
Change in Other Net Operating Assets	-278.5	-52.84	132.32	-40.16	8.37
Operating Cash Flow	301.29	75.01	-45.27	-9.45	21.76
Operating Cash Flow Growth	301.68%	-	-	-	-
Capital Expenditures	-1,289	-269.03	-112.72	-42.11	-33.4
Sale of Property, Plant & Equipment	1.05	0.07	0.43	-	0.1
Sale (Purchase) of Intangibles	-	-	-0.11	-	-0.07
Other Investing Activities	-33.36	-	-	-	-
Investing Cash Flow	-1,321	-278.78	-119.03	-42.11	-37.06
Long-Term Debt Issued	856.37	1,351	560.61	152.41	40.23
Short-Term Debt Repaid	-	-	-	-	-0.01
Long-Term Debt Repaid	-96.61	-1,022	-359.5	-101.92	-22.32
Total Debt Repaid	-96.61	-1,022	-359.5	-101.92	-22.33
Net Debt Issued (Repaid)	759.76	328.82	201.11	50.49	17.89
Issuance of Common Stock	-	1,010	-	26.99	2.8
Common Dividends Paid	-64.15	-	-	-	-
Other Financing Activities	-73.86	-134.6	-63.91	-10.18	-3.81
Financing Cash Flow	621.75	1,204	137.21	67.29	16.88
Miscellaneous Cash Flow Adjustments	-312.02	-20.45	-	-	-
Net Cash Flow	-710.18	979.81	-27.09	15.73	1.58
Free Cash Flow	-987.6	-194.02	-157.98	-51.56	-11.64
Free Cash Flow Margin	-24.97%	-6.57%	-10.68%	-22.77%	-10.93%
Free Cash Flow Per Share	-9.88	-2.42	-2.63	-0.86	-0.73
Cash Interest Paid	73.86	134.6	63.91	10.18	3.81
Cash Income Tax Paid	-	-	-	1.16	0.32
Levered Free Cash Flow	-1,931	-289.43	-272.07	-48.31	-
Unlevered Free Cash Flow	-1,885	-205.3	-232.13	-41.95	-
Change in Net Working Capital	887.44	392.41	282.14	14.53	-

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