IST:PASEU 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	Mar '25 Mar 31, 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	251.23	206.28	340.37	104.8	16.27	2.6
Depreciation & Amortization	12.24	12.26	7.8	3.32	0.95	0.11
Loss (Gain) From Sale of Assets	-0.09	-0.19	-0.23	-0.54	-	-
Asset Writedown & Restructuring Costs	-147.78	-147.88	-472.21	-	-	-
Provision & Write-off of Bad Debts	1.27	1.27	7.63	-	-	-
Other Operating Activities	73.1	61.63	120.09	-30.8	9.18	0.59
Change in Accounts Receivable	-521.05	-717.58	-229.43	-105.43	-43.93	-6.79
Change in Inventory	-46.49	-48.34	-	57.42	-18.13	-3.09
Change in Accounts Payable	209	357	-242.04	456.72	30.81	2.13
Change in Unearned Revenue	2.58	-0.19	-55.25	29.42	-0.68	6.59
Change in Other Net Operating Assets	-32.49	129.67	-22.23	-192.27	-4.18	0.57
Operating Cash Flow	-198.47	-146.06	-545.49	322.64	-9.7	2.72
Capital Expenditures	-26.59	-24.96	-215.56	-258.24	-2.9	-2.05
Sale of Property, Plant & Equipment	0.05	0.6	0.29	1.91	-	-
Cash Acquisitions	-10.6	-10.6	-0.23	-	-	-
Investing Cash Flow	-37.14	-34.96	-215.51	-325.14	-2.9	-2.05
Long-Term Debt Issued	-	92.48	-	16.08	21.24	-
Long-Term Debt Repaid	-	-	-36.01	-	-9.94	-
Net Debt Issued (Repaid)	124.47	92.48	-36.01	16.08	11.31	-
Issuance of Common Stock	-	-	948.21	-	-	0.53
Other Financing Activities	15.37	30.65	32.65	-1.61	-0.49	0.01
Financing Cash Flow	139.84	123.13	944.86	14.46	10.82	0.54
Net Cash Flow	-95.78	-57.9	183.87	11.96	-1.79	1.21
Free Cash Flow	-225.07	-171.02	-761.05	64.4	-12.61	0.67
Free Cash Flow Margin	-11.90%	-11.48%	-74.24%	6.30%	-4.26%	1.19%
Free Cash Flow Per Share	-0.34	-0.26	-1.13	0.99	-0.15	0.01
Cash Interest Paid	55.5	36.98	21.85	2.15	0.52	0
Cash Income Tax Paid	8.18	6.46	57.39	34.6	0.82	0.18
Levered Free Cash Flow	-518.6	-145.1	-523.34	-177.12	-20.54	-
Unlevered Free Cash Flow	-484.59	-119.9	-508.82	-174.93	-19.97	-
Change in Net Working Capital	622.55	236.11	336.32	29.89	29.97	-

Updated Mar 9, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.