IST:MARBL 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	Jun '25 Jun 30, 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	111.27	113.26	129.04	53.59	10.18	-6.67
Depreciation & Amortization	191.7	148.11	97.66	59.87	28.34	23.5
Other Amortization	-0	-0	0.13	0.09	1.42	0.56
Loss (Gain) From Sale of Assets	0.5	-0.69	-2.85	4.79	-0.73	0.21
Asset Writedown & Restructuring Costs	-43.81	-71.49	-72.68	-49.58	-4.81	0.46
Loss (Gain) From Sale of Investments	-19.19	-10.38	-5.01	-0.69	-	-
Loss (Gain) on Equity Investments	-	-	-	-	-0.83	-0.84
Other Operating Activities	21.54	-92.12	12.17	47.19	34.49	13.72
Change in Accounts Receivable	12.14	-6.53	2.02	-33.9	1.01	0.17
Change in Inventory	-158.34	-78.01	23.05	-30.37	-37.61	3.8
Change in Accounts Payable	32.56	120.83	-29.91	27.69	25.62	-17.7
Change in Unearned Revenue	7.7	20.16	5.11	-5.86	15.75	5.28
Change in Other Net Operating Assets	114.77	-51.61	-18.68	61.51	-9.29	-0.36
Operating Cash Flow	270.84	91.54	140.04	134.34	63.54	22.13
Operating Cash Flow Growth	-	-34.64%	4.25%	111.44%	187.06%	-
Capital Expenditures	-220.69	-214.64	-80.78	-31.56	-14.28	-7.45
Sale of Property, Plant & Equipment	3.65	2.14	11.07	0.76	5.67	0.45
Other Investing Activities	5.67	29.83	21.07	3.28	2.09	1.31
Investing Cash Flow	-211.38	-182.67	-48.64	-27.52	-6.51	-5.69
Long-Term Debt Issued	-	258.14	24.32	123.58	60.61	109.46
Long-Term Debt Repaid	-	-374.91	-183.65	-185.75	-104.77	-107.91
Net Debt Issued (Repaid)	-22.73	-116.78	-159.33	-62.17	-44.16	1.55
Issuance of Common Stock	-	-	501.75	144	-	-
Other Financing Activities	-79.2	-73.11	-143.25	-168.73	-15.6	-11.33
Financing Cash Flow	-101.92	-189.88	199.17	-86.9	-59.76	-9.78
Net Cash Flow	-42.46	-281.02	290.57	19.92	-2.73	6.66
Free Cash Flow	50.14	-123.11	59.26	102.78	49.26	14.68
Free Cash Flow Growth	-	-	-42.34%	108.67%	235.57%	-
Free Cash Flow Margin	1.83%	-5.15%	3.58%	8.84%	9.17%	4.71%
Free Cash Flow Per Share	0.22	-0.54	0.32	3.12	13.68	4.08
Cash Interest Paid	102.53	71.15	64.25	30.42	15.6	13.48
Cash Income Tax Paid	9.66	9.66	-	-	-	-
Levered Free Cash Flow	-230.86	-226.79	-248.27	47.19	-71.99	-
Unlevered Free Cash Flow	-166.78	-182.32	-208.11	66.21	-62.24	-
Change in Working Capital	8.82	4.84	-18.41	19.08	-4.52	-8.81

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