IST:TEZOL 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	29.08	145.71	37.85	681.43	255.05
Depreciation & Amortization	180.61	170.01	118.52	75.89	12.2
Loss (Gain) From Sale of Assets	-2.47	-3.07	-2.81	-6.19	-3.57
Loss (Gain) From Sale of Investments	-5.79	-1.12	-0.04	-	-
Provision & Write-off of Bad Debts	11.43	11.79	13.98	10.67	-
Other Operating Activities	276.82	227.73	258.98	200.56	66.89
Change in Accounts Receivable	-363.78	-577.16	53.82	-667.73	-98.81
Change in Inventory	648.99	478.71	-197.98	-160.79	-33.81
Change in Accounts Payable	-150.58	-8.69	392.56	233.25	68.86
Change in Other Net Operating Assets	-274.52	-137.39	-36.28	-111	-1.44
Operating Cash Flow	349.78	306.51	638.61	256.09	265.36
Operating Cash Flow Growth	-44.64%	-52.00%	149.37%	-3.49%	-
Capital Expenditures	-141.53	-323.65	-385.69	-400.53	-31.58
Sale of Property, Plant & Equipment	2.47	3.07	2.86	11.21	3.87
Investment in Securities	391.92	-303.06	-38.7	-	7.73
Other Investing Activities	362.46	366.6	-73.15	35.51	-25.16
Investing Cash Flow	615.33	-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)	-640.54	136.32	-60.34	-165.31	191.1
Common Dividends Paid	-40.51	-40.51	-	-122.59	-
Other Financing Activities	-85.13	-189.29	-43.88	-97.01	-28.21
Financing Cash Flow	-766.18	-93.48	-104.22	-384.91	162.89
Foreign Exchange Rate Adjustments	1.68	2.84	3.34	2.25	-
Miscellaneous Cash Flow Adjustments	32.4	-54.55	-125.29	-493.27	-
Net Cash Flow	233	-95.71	-82.24	-973.65	383.1
Free Cash Flow	208.24	-17.14	252.92	-144.44	233.78
Free Cash Flow Margin	4.17%	-0.34%	4.80%	-3.40%	26.62%
Free Cash Flow Per Share	0.42	-0.03	0.51	-0.29	0.47
Cash Interest Paid	190.05	189.29	43.88	97.01	14.35
Cash Income Tax Paid	71.75	74.49	306.87	27.5	11.26
Levered Free Cash Flow	-111.65	-130.56	63.73	-1,177	-
Unlevered Free Cash Flow	2.92	-13.96	84.89	-1,113	-
Change in Net Working Capital	238.4	76.01	42.52	1,101	-

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