IST:KOPOL 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	395.12	342.1	445.14	149.58	9.75
Depreciation & Amortization	119.52	80.39	51.29	25.12	19.3
Provision & Write-off of Bad Debts	3.6	2.86	-0.74	-0.03	-0.05
Other Operating Activities	169.42	282.81	-51.64	36.43	29.55
Change in Accounts Receivable	-584.37	-568.23	-312.91	-283.32	96.16
Change in Inventory	-101.09	-85.96	-245.11	-85.52	-41.15
Change in Accounts Payable	-949.33	1,603	-70.83	77.03	-59.36
Change in Unearned Revenue	22.02	-22.8	11.22	38.35	14.69
Change in Other Net Operating Assets	1,185	-1,340	-516.32	98.56	86.07
Operating Cash Flow	259.58	357.12	-744.56	56.2	154.96
Operating Cash Flow Growth	-27.31%	-	-	-63.73%	-
Capital Expenditures	-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	-0.06	-0.6	-0.04	-0.11
Investing Cash Flow	-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)	408.31	-349.48	869.33	163.75	-87.2
Issuance of Common Stock	-	554.05	183	-	-
Other Financing Activities	-141.47	-103.37	-63.31	-11.22	-12.01
Financing Cash Flow	266.83	101.19	989.02	152.52	-99.22
Foreign Exchange Rate Adjustments	-118.39	-351.63	-62.39	-158.04	-65.85
Net Cash Flow	242.8	-38.12	44.35	38.84	-19.71
Free Cash Flow	94.48	212.37	-881.73	44.36	145.46
Free Cash Flow Growth	-55.51%	-	-	-69.50%	-
Free Cash Flow Margin	1.94%	5.90%	-30.33%	3.33%	23.61%
Free Cash Flow Per Share	0.07	0.16	-1.86	0.74	2.42
Cash Interest Paid	146.8	111.87	64.18	11.39	12.13
Cash Income Tax Paid	9.7	8.95	57.78	3.79	0.02
Levered Free Cash Flow	-75.61	-165.02	-534.35	-99.61	-
Unlevered Free Cash Flow	16.14	-95.1	-494.24	-92.49	-
Change in Net Working Capital	359.15	429.47	733.49	247.04	-

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