Netcad Yazilim Anonim Sirketi (IST:NETCD)

IST:NETCD Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Net Income	868.16	582.43	266.6	275.08
Depreciation & Amortization	226.54	55.79	48.7	72.25
Other Amortization	-	132.43	149.82	145.64
Loss (Gain) From Sale of Assets	-0.19	-0.05	-0.03	-0.03
Provision & Write-off of Bad Debts	-3.53	10.98	1.67	3.48
Other Operating Activities	-31.94	10.96	12.12	-54.45
Change in Accounts Receivable	-87.49	-177.13	-60.17	45.73
Change in Inventory	-0.11	0.32	0.14	0.17
Change in Accounts Payable	-8.81	4.63	-1.04	-3.37
Change in Unearned Revenue	37.55	-4.47	-16.81	20.57
Change in Other Net Operating Assets	-1.7	-13.8	-118.89	-31.94
Operating Cash Flow	998.49	602.07	282.11	473.11
Operating Cash Flow Growth	65.84%	113.42%	-40.37%	-
Capital Expenditures	-35.31	-380.02	-217.66	-284.26
Sale of Property, Plant & Equipment	2.15	0.82	79.96	0.83
Sale (Purchase) of Intangibles	-437.74	-	-	-
Investment in Securities	-	-12.57	-	-
Other Investing Activities	50.21	18.38	7.15	3.15
Investing Cash Flow	-420.69	-373.39	-130.55	-280.28
Long-Term Debt Issued	-	58.26	204.13	693.76
Long-Term Debt Repaid	-37.25	-141.53	-289.2	-596.96
Net Debt Issued (Repaid)	-37.25	-83.27	-85.07	96.8
Common Dividends Paid	-198.13	-16.49	-	-130.7
Other Financing Activities	-1.18	-9.76	-48.31	-52.97
Financing Cash Flow	-236.56	-109.53	-133.38	-86.86
Miscellaneous Cash Flow Adjustments	-40.73	-20.51	-60.13	-7.24
Net Cash Flow	300.51	98.64	-41.95	98.74
Free Cash Flow	963.18	222.05	64.45	188.86
Free Cash Flow Growth	333.77%	244.54%	-65.87%	-
Free Cash Flow Margin	68.58%	19.73%	7.26%	23.42%
Free Cash Flow Per Share	-	2.69	1.29	3.78
Cash Interest Paid	-	7.8	50	53.24
Levered Free Cash Flow	282.01	115.71	188.04	-
Unlevered Free Cash Flow	291.58	138.73	243.81	-
Change in Working Capital	-60.56	-190.46	-196.77	31.15

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