IST:TEZOL Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	145.71	37.85	681.43	255.05
Depreciation & Amortization	170.01	118.52	75.89	12.2
Loss (Gain) From Sale of Assets	-3.07	-2.81	-6.19	-3.57
Loss (Gain) From Sale of Investments	-1.12	-0.04	-	-
Provision & Write-off of Bad Debts	11.79	13.98	10.67	-
Other Operating Activities	227.73	258.98	200.56	66.89
Change in Accounts Receivable	-577.16	53.82	-667.73	-98.81
Change in Inventory	478.71	-197.98	-160.79	-33.81
Change in Accounts Payable	-8.69	392.56	233.25	68.86
Change in Other Net Operating Assets	-137.39	-36.28	-111	-1.44
Operating Cash Flow	306.51	638.61	256.09	265.36
Operating Cash Flow Growth	-52.00%	149.37%	-3.49%	-
Capital Expenditures	-323.65	-385.69	-400.53	-31.58
Sale of Property, Plant & Equipment	3.07	2.86	11.21	3.87
Investment in Securities	-303.06	-38.7	-	7.73
Other Investing Activities	366.6	-73.15	35.51	-25.16
Investing Cash Flow	-257.04	-494.67	-353.8	-45.14
Long-Term Debt Issued	405.5	395.59	444.72	307.44
Long-Term Debt Repaid	-269.18	-455.92	-610.03	-116.35
Net Debt Issued (Repaid)	136.32	-60.34	-165.31	191.1
Common Dividends Paid	-40.51	-	-122.59	-
Other Financing Activities	-189.29	-43.88	-97.01	-28.21
Financing Cash Flow	-93.48	-104.22	-384.91	162.89
Foreign Exchange Rate Adjustments	2.84	3.34	2.25	-
Miscellaneous Cash Flow Adjustments	-54.55	-125.29	-493.27	-
Net Cash Flow	-95.71	-82.24	-973.65	383.1
Free Cash Flow	-17.14	252.92	-144.44	233.78
Free Cash Flow Margin	-0.34%	4.80%	-3.40%	26.62%
Free Cash Flow Per Share	-0.03	0.51	-0.29	0.47
Cash Interest Paid	189.29	43.88	97.01	14.35
Cash Income Tax Paid	74.49	306.87	27.5	11.26
Levered Free Cash Flow	-130.56	63.73	-1,177	-
Unlevered Free Cash Flow	-13.96	84.89	-1,113	-
Change in Net Working Capital	76.01	42.52	1,101	-

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