IST:SKTAS 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	-240.24	-464.36	-15.51	-1,141	3.91
Depreciation & Amortization	144.74	172.83	165.83	107.54	25.84
Other Amortization	-	2.71	3.04	5.25	1.47
Loss (Gain) From Sale of Assets	1.6	-310.12	-	-	33.37
Asset Writedown & Restructuring Costs	15.35	5.34	302.93	283.9	-98.55
Loss (Gain) From Sale of Investments	0	-0.31	-	-	-
Loss (Gain) on Equity Investments	1.76	6.69	0.78	0.09	-1.09
Provision & Write-off of Bad Debts	-	-	-	-1.43	1.15
Other Operating Activities	-159.63	448.5	-11.58	716.3	75.65
Change in Accounts Receivable	-22.18	137.37	143.98	-116.43	-31.6
Change in Inventory	117.26	105.25	78.73	-23.18	-73.53
Change in Accounts Payable	-52.92	-255.8	-162.8	-4.75	88.68
Change in Other Net Operating Assets	-122.52	51.87	4.14	43.74	-7.3
Operating Cash Flow	-316.78	-100.03	509.54	-130.03	18.01
Capital Expenditures	-167.49	-143.92	-211.47	-160.5	-44.04
Sale of Property, Plant & Equipment	25.86	374.7	115.91	494.82	13.51
Cash Acquisitions	-	-42.16	-	-	-
Divestitures	-	309.64	-	-	-
Sale (Purchase) of Intangibles	-0.49	-0.99	-	-101.09	-0.52
Sale (Purchase) of Real Estate	-	-0.67	-	-	-
Other Investing Activities	163.84	79.51	-24.78	-	3.69
Investing Cash Flow	21.72	576.1	-120.34	233.23	-27.37
Long-Term Debt Issued	1,083	837.53	934.93	630.03	181.56
Long-Term Debt Repaid	-975.42	-1,294	-1,164	-735.03	-231.63
Net Debt Issued (Repaid)	107.59	-456.32	-229.31	-105	-50.08
Issuance of Common Stock	294.18	-	98.47	-	76.06
Other Financing Activities	-81.94	-117.67	-195.64	30.02	-10.42
Financing Cash Flow	319.83	-574	-326.48	-74.98	15.56
Foreign Exchange Rate Adjustments	-3.02	13.35	-41.67	-77.13	-2.23
Miscellaneous Cash Flow Adjustments	13.12	39.05	32.58	-	-
Net Cash Flow	34.87	-45.53	53.63	-48.91	3.96
Free Cash Flow	-484.27	-243.95	298.07	-290.53	-26.03
Free Cash Flow Margin	-27.08%	-13.63%	15.45%	-18.54%	-6.64%
Free Cash Flow Per Share	-	-1.10	1.62	-1.89	-0.25
Cash Interest Paid	-	18.11	15.64	84.36	20.66
Levered Free Cash Flow	-227.24	-65.98	-39.01	-423.53	-20.77
Unlevered Free Cash Flow	-227.24	-2.78	53.74	-337.36	7.05
Change in Working Capital	-80.36	38.68	64.05	-100.63	-23.75

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