IST:THYAO Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	3,180	2,910	3,425	6,021	2,725	959
Depreciation & Amortization	2,481	2,395	2,203	2,035	1,864	1,740
Loss (Gain) From Sale of Assets	-73	-47	109	73	66	52
Asset Writedown & Restructuring Costs	-45	-	73	-73	12	-
Loss (Gain) on Equity Investments	-90	-109	-176	-232	-121	-75
Provision & Write-off of Bad Debts	46	13	-2	1	-	-
Other Operating Activities	-1,146	-602	-1,464	-2,750	402	208
Change in Accounts Receivable	-346	-177	-48	135	-77	-280
Change in Inventory	-342	-297	-253	-49	-64	44
Change in Accounts Payable	154	338	203	91	306	30
Change in Unearned Revenue	624	455	235	509	1,177	643
Change in Other Net Operating Assets	-159	-577	179	-577	-279	382
Operating Cash Flow	4,284	4,302	4,484	5,184	6,011	3,703
Operating Cash Flow Growth	1.35%	-4.06%	-13.50%	-13.76%	62.33%	851.93%
Capital Expenditures	-2,128	-2,021	-1,282	-1,242	-1,056	-850
Sale of Property, Plant & Equipment	98	82	36	56	79	81
Investment in Securities	-2,752	-2,489	1,210	-4,878	-715	-
Other Investing Activities	752	758	423	356	14	258
Investing Cash Flow	-4,030	-3,670	387	-5,708	-1,678	-511
Long-Term Debt Issued	-	4,536	2,779	2,494	1,809	2,790
Total Debt Issued	5,291	4,536	2,779	2,494	1,809	2,790
Long-Term Debt Repaid	-	-5,801	-5,063	-5,103	-4,544	-4,857
Net Debt Issued (Repaid)	-872	-1,265	-2,284	-2,609	-2,735	-2,067
Issuance of Common Stock	1	1	-	-	-	-
Repurchase of Common Stock	-13	-8	-6	-33	-	-
Common Dividends Paid	-223	-223	-	-	-	-
Other Financing Activities	215	223	-58	-214	-213	-259
Financing Cash Flow	-892	-1,272	-2,348	-2,856	-2,948	-2,326
Foreign Exchange Rate Adjustments	47	25	-644	-	-	-
Net Cash Flow	-591	-615	1,879	-3,380	1,385	866
Free Cash Flow	2,156	2,281	3,202	3,942	4,955	2,853
Free Cash Flow Growth	-23.63%	-28.76%	-18.77%	-20.44%	73.68%	-
Free Cash Flow Margin	8.58%	9.47%	14.12%	18.82%	26.89%	26.70%
Free Cash Flow Per Share	-	1.65	2.32	2.86	3.59	2.07
Cash Interest Paid	306	306	384	388	318	318
Cash Income Tax Paid	137	137	27	-6	-15	18
Levered Free Cash Flow	1,311	1,574	1,397	2,874	3,771	2,412
Unlevered Free Cash Flow	1,559	1,884	1,771	3,219	4,029	2,640
Change in Working Capital	-69	-258	316	109	1,063	819

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