IST:KCAER 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	524.76	82.9	1,706	964.43	132.58
Depreciation & Amortization	380.9	343.99	294.69	156.18	38.53
Other Amortization	-0.35	8.63	24.06	49.32	12.69
Loss (Gain) From Sale of Assets	-5.2	-5.2	-8.27	-2.89	-130.91
Asset Writedown & Restructuring Costs	-38.96	-38.96	-39.54	-91.48	-202.82
Loss (Gain) From Sale of Investments	86	194.73	-600.95	-203.79	321.75
Loss (Gain) on Equity Investments	-	-	-	-	-0
Provision & Write-off of Bad Debts	4.44	7.17	-37.35	-8.06	-
Other Operating Activities	-1,707	-569.71	357.89	295.47	97.97
Change in Accounts Receivable	921.36	-1,372	1,092	-801.73	-311.43
Change in Inventory	871.47	1,133	-927.08	-560.39	-356.23
Change in Accounts Payable	-304.13	2,536	-90.3	240.82	267.03
Change in Unearned Revenue	-191.44	-382.1	-1,431	891.09	126.87
Change in Other Net Operating Assets	199.63	-25.35	447.04	1,244	-386.67
Operating Cash Flow	741.25	1,913	787.32	2,173	-390.64
Operating Cash Flow Growth	-	142.96%	-63.77%	-	-
Capital Expenditures	-1,021	-1,333	-632.68	-416.63	-293.74
Sale of Property, Plant & Equipment	23.9	24.93	19.03	8.3	152.64
Sale (Purchase) of Intangibles	-6.63	-6.63	-0.16	37.48	-
Sale (Purchase) of Real Estate	-41.03	-37.43	-0.79	-5.94	-
Investment in Securities	200.06	289.8	761.94	-588.64	-
Investing Cash Flow	-844.54	-1,062	147.34	-965.44	-141.09
Long-Term Debt Issued	-	308.72	-	-	877.76
Long-Term Debt Repaid	-	-	-284.58	-1,570	-0.65
Net Debt Issued (Repaid)	-1,090	308.72	-284.58	-1,570	877.11
Issuance of Common Stock	-	-	-	591.25	-
Common Dividends Paid	-225.33	-225.33	-218.21	-	-
Other Financing Activities	1,576	706.89	-630.64	-316.35	-62.11
Financing Cash Flow	260.49	790.28	-1,133	-1,295	814.99
Foreign Exchange Rate Adjustments	-34.65	-38.15	61.86	17.63	12.63
Net Cash Flow	122.56	1,602	-136.91	-69.42	295.9
Free Cash Flow	-279.59	579.68	154.64	1,757	-684.37
Free Cash Flow Growth	-	274.85%	-91.20%	-	-
Free Cash Flow Margin	-1.47%	3.01%	0.70%	9.99%	-16.23%
Free Cash Flow Per Share	-0.15	0.30	0.08	0.92	-
Cash Income Tax Paid	-	-21.88	24.59	218.52	16.65
Levered Free Cash Flow	735.81	1,212	-1,105	-121.21	-
Unlevered Free Cash Flow	1,223	1,678	-617.22	152.53	-
Change in Working Capital	1,497	1,889	-909.44	1,014	-660.42

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