IST:TATEN 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	-80.29	1,491	591.86	581.87	190.81
Depreciation & Amortization	573.93	343.73	223.77	148.68	36.02
Loss (Gain) on Sale of Assets	-0.79	4.15	36.63	-	-
Loss (Gain) on Sale of Investments	-25.5	-0.09	-	-	-
Loss (Gain) on Equity Investments	-	-	1.76	-4.7	-
Asset Writedown	-72.26	-239.3	-64.04	-67.61	-
Change in Accounts Receivable	11.47	-25.26	-60.32	25	-13.55
Change in Inventory	-	-	-	55.65	-55.65
Change in Accounts Payable	244.13	-37.63	105.03	12.96	5.74
Change in Unearned Revenue	-3.64	3.64	-21.91	21.91	-
Change in Other Net Operating Assets	171.07	401.69	-327.33	-39.37	-73.83
Other Operating Activities	1,252	-12.21	144.98	240.35	331.57
Operating Cash Flow	2,070	1,929	630.33	974.75	421.11
Operating Cash Flow Growth	7.29%	206.10%	-35.33%	131.47%	437.34%
Capital Expenditures	-1,848	-1,625	-846.38	-21	-718.32
Sale of Property, Plant & Equipment	2.24	0.03	1.87	-	-
Cash Acquisitions	-	-	-	-547.5	-
Divestitures	-	-	575	-	-
Sale (Purchase) of Intangibles	-	-0.09	-	-	-0.7
Investment in Securities	3.95	0.09	75.08	-	-
Investing Cash Flow	-1,842	-1,823	-194.43	-570.16	-719.03
Long-Term Debt Issued	708.13	1,265	425.78	-	789.5
Long-Term Debt Repaid	-695.37	-782.23	-428.82	-368.03	-433.25
Net Debt Issued (Repaid)	12.76	482.9	-3.04	-368.03	356.25
Issuance of Common Stock	92.25	2,439	812.88	183	-
Repurchase of Common Stock	-116.93	-2,465	-60.95	-	-
Other Financing Activities	-110.44	-1,070	-729.09	-60.05	-16.71
Financing Cash Flow	-122.37	-613.95	19.8	-245.08	339.54
Net Cash Flow	106.18	-507.26	455.69	159.51	41.63
Free Cash Flow	222.36	304.67	-216.05	953.74	-297.21
Free Cash Flow Growth	-27.02%	-	-	-	-
Free Cash Flow Margin	8.33%	15.51%	-15.98%	76.90%	-98.99%
Free Cash Flow Per Share	0.20	0.27	-0.21	3.48	-1.19
Cash Interest Paid	361.07	278.84	165	79.9	23.45
Cash Income Tax Paid	10.51	5.34	3.23	0.39	0.05
Levered Free Cash Flow	-690.49	-479.67	-624.85	592.45	-742.81
Unlevered Free Cash Flow	-378.05	-298.07	-511.39	645.35	-726.3
Change in Working Capital	423.04	342.43	-304.53	76.15	-137.29

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