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	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	149.4	152.34	113.41	85.54
Depreciation & Amortization	24.01	21.2	21.91	5.2
Provision & Write-off of Bad Debts	0.95	0.37	0.38	-0.56
Other Operating Activities	52.97	61.86	79.94	4.46
Change in Accounts Receivable	-50.03	-25.16	-12	-14.49
Change in Accounts Payable	2.54	-3.34	-1.24	1.34
Change in Unearned Revenue	-2.29	-0.18	0.39	-0.01
Change in Other Net Operating Assets	-2.15	-41.79	-5.3	62.77
Operating Cash Flow	175.4	165.28	197.48	144.24
Operating Cash Flow Growth	-16.88%	-16.30%	36.91%	-
Capital Expenditures	-6.21	-6.73	-3.75	-0.27
Cash Acquisitions	-	-	-	-48.99
Sale (Purchase) of Intangibles	-20.7	-18.15	-6.35	-4.01
Investing Cash Flow	-26.91	-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)	-3.51	-3.15	-5.37	-0.42
Issuance of Common Stock	-	-	-	0.75
Common Dividends Paid	-162.69	-98.86	-68.65	-101.29
Other Financing Activities	9.24	6.81	0.36	0.34
Financing Cash Flow	-156.96	-95.2	-73.66	-100.62
Foreign Exchange Rate Adjustments	-88.33	-73.44	-80.19	9.1
Net Cash Flow	-93.45	-28.23	33.53	-0.54
Free Cash Flow	169.18	158.56	193.74	143.97
Free Cash Flow Growth	-17.38%	-18.16%	34.56%	-
Free Cash Flow Margin	36.37%	42.14%	56.69%	126.46%
Free Cash Flow Per Share	6.77	6.34	8.48	32.33
Levered Free Cash Flow	44.22	105.98	73.28	-
Unlevered Free Cash Flow	44.58	106.74	74.21	-
Change in Net Working Capital	98.03	-2.93	45.99	-

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