IST:QUAGR Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-1,246	-3,920	605.57	2,611	565.61
Depreciation & Amortization	760.38	744.82	526.41	203.95	26.19
Loss (Gain) From Sale of Assets	-5.05	-4.32	0.11	-	-0.03
Loss (Gain) From Sale of Investments	28.66	365	-194.46	-1,715	-
Provision & Write-off of Bad Debts	-	-	-	-	0.85
Other Operating Activities	34.26	648.23	-2,605	143.77	-50.94
Change in Accounts Receivable	-1,299	3,146	-129.26	-1,866	-361.22
Change in Inventory	-16.63	1,461	-364.26	-953.07	-144.53
Change in Accounts Payable	2,113	-289.53	-1,357	-461.09	693.04
Change in Other Net Operating Assets	557.03	-814.51	-258.66	1,234	-26.38
Operating Cash Flow	926.77	1,337	-3,776	-802.66	702.6
Operating Cash Flow Growth	-30.70%	-	-	-	2417.36%
Capital Expenditures	-148.04	-585.88	-367.72	-1,413	-744.68
Sale of Property, Plant & Equipment	23.63	42.99	158.35	1.72	0.2
Sale (Purchase) of Intangibles	-2.54	-11.94	-9.17	-7.13	-1.35
Sale (Purchase) of Real Estate	-	-52.01	-24.38	-220.02	-23.76
Investment in Securities	374.68	1,102	3,090	-1,041	-119.23
Other Investing Activities	148.86	266.9	328.7	79.52	-
Investing Cash Flow	396.59	762.12	3,176	-2,600	-888.82
Long-Term Debt Issued	7,480	7,124	15,947	5,886	1,166
Long-Term Debt Repaid	-8,268	-7,817	-12,960	-2,914	-983.8
Net Debt Issued (Repaid)	-788.47	-692.55	2,986	2,972	181.92
Issuance of Common Stock	-	-	-	-	246.9
Repurchase of Common Stock	-	-	-	-	-50.16
Other Financing Activities	-766.88	-2,078	-1,454	125.25	-21.37
Financing Cash Flow	-1,555	-2,770	1,533	3,098	357.28
Foreign Exchange Rate Adjustments	6.14	-	-	-	-
Miscellaneous Cash Flow Adjustments	-107.43	-499.69	-	-	-
Net Cash Flow	-333.3	-1,170	932.74	-304.66	171.07
Free Cash Flow	778.72	751.45	-4,144	-2,216	-42.08
Free Cash Flow Growth	3.63%	-	-	-	-
Free Cash Flow Margin	7.35%	7.06%	-36.89%	-29.02%	-3.66%
Free Cash Flow Per Share	0.29	0.28	-1.57	-0.84	-0.02
Cash Interest Paid	970.43	2,508	1,454	330.77	26.87
Cash Income Tax Paid	9.61	-4.71	30.7	-7.01	5.51
Levered Free Cash Flow	2,107	547.42	-3,694	-3,242	-747.65
Unlevered Free Cash Flow	2,861	1,847	-2,495	-2,988	-709.41
Change in Working Capital	1,354	3,503	-2,109	-2,046	160.92

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