IST:QUAGR 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	Sep '25 Sep 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	-341.39	-2,995	605.57	2,611	565.61	144.52
Depreciation & Amortization	593.58	569.03	526.41	203.95	26.19	18.7
Loss (Gain) From Sale of Assets	880.72	-3.3	0.11	-	-0.03	-0.28
Loss (Gain) From Sale of Investments	-158.19	278.85	-194.46	-1,715	-	-
Provision & Write-off of Bad Debts	-	-	-	-	0.85	1.69
Other Operating Activities	789.28	334.38	-2,605	143.77	-50.94	62.25
Change in Accounts Receivable	-1,366	2,403	-129.26	-1,866	-361.22	-113.57
Change in Inventory	-574.29	1,117	-364.26	-953.07	-144.53	-15.99
Change in Accounts Payable	1,379	-221.19	-1,357	-461.09	693.04	25.54
Change in Other Net Operating Assets	1,322	-622.27	-258.66	1,234	-26.38	-94.95
Operating Cash Flow	2,525	860.83	-3,776	-802.66	702.6	27.91
Operating Cash Flow Growth	-	-	-	-	2417.36%	61.91%
Capital Expenditures	235.35	-447.62	-367.72	-1,413	-744.68	-15.91
Sale of Property, Plant & Equipment	-1,612	32.85	158.35	1.72	0.2	0.76
Sale (Purchase) of Intangibles	-9.12	-9.12	-9.17	-7.13	-1.35	-0.38
Sale (Purchase) of Real Estate	-39.74	-39.74	-24.38	-220.02	-23.76	-1.5
Investment in Securities	542.15	841.96	3,090	-1,041	-119.23	-
Other Investing Activities	411.09	203.91	328.7	79.52	-	-
Investing Cash Flow	-471.95	582.23	3,176	-2,600	-888.82	-17.03
Long-Term Debt Issued	-	4,872	15,947	5,886	1,166	572.83
Long-Term Debt Repaid	-	-5,294	-12,960	-2,914	-983.8	-542.24
Net Debt Issued (Repaid)	-1,578	-421.43	2,986	2,972	181.92	30.59
Issuance of Common Stock	-	-	-	-	246.9	-
Repurchase of Common Stock	-	-	-	-	-50.16	-
Other Financing Activities	-1,168	-1,916	-1,454	125.25	-21.37	-21.08
Financing Cash Flow	-2,746	-2,337	1,533	3,098	357.28	9.5
Net Cash Flow	-297.96	-894.23	932.74	-304.66	171.07	20.38
Free Cash Flow	2,760	413.2	-4,144	-2,216	-42.08	12
Free Cash Flow Growth	-	-	-	-	-	125.16%
Free Cash Flow Margin	35.40%	5.08%	-36.89%	-29.02%	-3.66%	1.71%
Free Cash Flow Per Share	1.05	0.16	-1.57	-0.84	-0.02	519.39
Cash Interest Paid	1,168	1,916	1,454	330.77	26.87	21.27
Cash Income Tax Paid	13.29	-3.6	30.7	-7.01	5.51	1.39
Levered Free Cash Flow	0.31	2,200	-3,694	-3,242	-747.65	-37.4
Unlevered Free Cash Flow	1,383	3,193	-2,495	-2,988	-709.41	-23.72
Change in Working Capital	761.02	2,677	-2,109	-2,046	160.92	-198.97

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