IST:KOPOL 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	275.94	395.12	342.1	445.14	149.58	9.75
Depreciation & Amortization	134.91	119.52	80.39	51.29	25.12	19.3
Provision & Write-off of Bad Debts	-0.13	3.6	2.86	-0.74	-0.03	-0.05
Other Operating Activities	176.79	169.42	282.81	-51.64	36.43	29.55
Change in Accounts Receivable	-481.05	-584.37	-568.23	-312.91	-283.32	96.16
Change in Inventory	-149.4	-101.09	-85.96	-245.11	-85.52	-41.15
Change in Accounts Payable	-345.36	-949.33	1,603	-70.83	77.03	-59.36
Change in Unearned Revenue	-105.07	22.02	-22.8	11.22	38.35	14.69
Change in Other Net Operating Assets	124.37	1,185	-1,340	-516.32	98.56	86.07
Operating Cash Flow	-369.01	259.58	357.12	-744.56	56.2	154.96
Operating Cash Flow Growth	-	-27.31%	-	-	-63.73%	-
Capital Expenditures	-161.52	-165.1	-144.75	-137.17	-11.84	-9.49
Sale of Property, Plant & Equipment	-	-	-	0.05	0.03	-
Sale (Purchase) of Intangibles	-0.13	-0.13	-0.06	-0.6	-0.04	-0.11
Investing Cash Flow	-161.65	-165.23	-144.81	-137.72	-11.85	-9.6
Long-Term Debt Issued	-	1,012	859.82	972.03	445.61	229.49
Long-Term Debt Repaid	-	-604.02	-1,209	-102.71	-281.86	-316.69
Net Debt Issued (Repaid)	644.13	408.31	-349.48	869.33	163.75	-87.2
Issuance of Common Stock	-	-	554.05	183	-	-
Other Financing Activities	-149.2	-141.47	-103.37	-63.31	-11.22	-12.01
Financing Cash Flow	494.93	266.83	101.19	989.02	152.52	-99.22
Foreign Exchange Rate Adjustments	-100.33	-118.39	-351.63	-62.39	-158.04	-65.85
Net Cash Flow	-136.05	242.8	-38.12	44.35	38.84	-19.71
Free Cash Flow	-530.52	94.48	212.37	-881.73	44.36	145.46
Free Cash Flow Growth	-	-55.51%	-	-	-69.50%	-
Free Cash Flow Margin	-10.94%	1.94%	5.90%	-30.33%	3.33%	23.61%
Free Cash Flow Per Share	-0.41	0.07	0.16	-1.86	0.74	2.42
Cash Interest Paid	156.31	146.8	111.87	64.18	11.39	12.13
Cash Income Tax Paid	13.82	9.7	8.95	57.78	3.79	0.02
Levered Free Cash Flow	-600.64	-75.61	-165.02	-534.35	-99.61	-
Unlevered Free Cash Flow	-502.95	16.14	-95.1	-494.24	-92.49	-
Change in Net Working Capital	891.48	359.15	429.47	733.49	247.04	-

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.