Panora Gayrimenkul Yatirim Ortakligi A.S. (IST:PAGYO)

IST:PAGYO Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	668.6	820.7	3,811	1,812	249.69	29.43
Depreciation & Amortization	0.28	0.29	1.13	0.76	0.13	0.13
Other Amortization	-	-	-	-	0.03	0.03
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.01
Asset Writedown	-466.98	-466.98	-3,424	-1,649	-201.09	0.46
Change in Accounts Receivable	2.96	17.19	-9.34	-42.5	-5.48	1.7
Change in Accounts Payable	-267.13	-316.68	647.28	12.06	2.5	-0.75
Change in Other Net Operating Assets	22.95	15.9	9.13	9.04	3.25	-2.04
Other Operating Activities	307.36	202.66	-294.09	46.81	-1.26	0.93
Operating Cash Flow	285.83	288.05	751.21	189.05	47.72	29.54
Operating Cash Flow Growth	-65.72%	-61.66%	297.36%	296.15%	61.55%	-47.77%
Acquisition of Real Estate Assets	-1.08	-2.21	-1,072	-0.55	-0.57	-7.82
Sale of Real Estate Assets	-	-	-	-	-	0.02
Net Sale / Acq. of Real Estate Assets	-1.08	-2.21	-1,072	-0.55	-0.57	-7.79
Investing Cash Flow	-1.08	-2.21	-1,073	-0.69	-0.58	-7.83
Short-Term Debt Issued	-	-	-	9.89	-	-
Total Debt Issued	-	-	-	9.89	-	-
Short-Term Debt Repaid	-	-10.82	-3.36	-	-	-
Total Debt Repaid	1.09	-10.82	-3.36	-	-	-
Net Debt Issued (Repaid)	1.09	-10.82	-3.36	9.89	-	-
Common Dividends Paid	-279.39	-279.39	-194.02	-78.62	-39.85	-38.54
Other Financing Activities	83.52	73.88	57.07	10.23	1.37	-
Miscellaneous Cash Flow Adjustments	21.41	14.31	75.25	-	-	-
Net Cash Flow	111.37	83.83	-386.6	129.86	8.66	-16.83
Cash Income Tax Paid	-	-	-	0.32	0.05	-0.44
Levered Free Cash Flow	284.3	227.93	416.38	101.83	8.88	34.01
Unlevered Free Cash Flow	348.24	293	426.28	101.83	9.23	34.24
Change in Net Working Capital	0.98	42.12	-149.47	33.66	20.62	-16.44

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