MACKO Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	177.41	152.34	113.41	85.54
Depreciation & Amortization	26.72	21.2	21.91	5.2
Provision & Write-off of Bad Debts	0.9	0.37	0.38	-0.56
Other Operating Activities	17.23	61.86	79.94	4.46
Change in Accounts Receivable	-48.76	-25.16	-12	-14.49
Change in Accounts Payable	-16.47	-3.34	-1.24	1.34
Change in Unearned Revenue	-0.49	-0.18	0.39	-0.01
Change in Other Net Operating Assets	111.94	-41.79	-5.3	62.77
Operating Cash Flow	268.47	165.28	197.48	144.24
Operating Cash Flow Growth	25.09%	-16.30%	36.91%	-
Capital Expenditures	-3.52	-6.73	-3.75	-0.27
Cash Acquisitions	-	-	-	-48.99
Sale (Purchase) of Intangibles	-24.26	-18.15	-6.35	-4.01
Investing Cash Flow	-27.78	-24.87	-10.1	-53.27
Long-Term Debt Issued	-	8.97	-	-
Long-Term Debt Repaid	-	-12.11	-5.37	-0.42
Net Debt Issued (Repaid)	-1.59	-3.15	-5.37	-0.42
Issuance of Common Stock	-	-	-	0.75
Common Dividends Paid	-213.52	-98.86	-68.65	-101.29
Other Financing Activities	7.62	6.81	0.36	0.34
Financing Cash Flow	-207.49	-95.2	-73.66	-100.62
Foreign Exchange Rate Adjustments	-60.71	-73.44	-80.19	9.1
Net Cash Flow	7.8	-28.23	33.53	-0.54
Free Cash Flow	264.96	158.56	193.74	143.97
Free Cash Flow Growth	29.38%	-18.16%	34.56%	-
Free Cash Flow Margin	49.51%	42.14%	56.69%	126.46%
Free Cash Flow Per Share	10.60	6.34	8.48	32.33
Levered Free Cash Flow	79.25	105.98	73.28	-
Unlevered Free Cash Flow	79.83	106.74	74.21	-
Change in Net Working Capital	98.18	-2.93	45.99	-

Source: S&P Capital IQ. Standard template. Financial Sources.