Türk Hava Yollari Anonim Ortakligi (IST:THYAO)
Turkey · Delayed Price · Currency is TRY 302.75
-4.75 (-1.54%)
Aug 31, 2026, 4:05 PM GMT+3
IST:THYAO Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 | 2,685 | 2,910 | 3,425 | 6,021 | 2,725 | 959 |
Depreciation & Amortization | 2,566 | 2,395 | 2,203 | 2,035 | 1,864 | 1,740 |
Loss (Gain) From Sale of Assets | -36 | -47 | 109 | 73 | 66 | 52 |
Asset Writedown & Restructuring Costs | - | - | 73 | -73 | 12 | - |
Loss (Gain) on Equity Investments | -85 | -109 | -176 | -232 | -121 | -75 |
Provision & Write-off of Bad Debts | 44 | 13 | -2 | 1 | - | - |
Other Operating Activities | -1,643 | -602 | -1,464 | -2,750 | 402 | 208 |
Change in Accounts Receivable | -494 | -177 | -48 | 135 | -77 | -280 |
Change in Inventory | -302 | -297 | -253 | -49 | -64 | 44 |
Change in Accounts Payable | 179 | 338 | 203 | 91 | 306 | 30 |
Change in Unearned Revenue | 671 | 455 | 235 | 509 | 1,177 | 643 |
Change in Other Net Operating Assets | -207 | -577 | 179 | -577 | -279 | 382 |
Operating Cash Flow | 3,378 | 4,302 | 4,484 | 5,184 | 6,011 | 3,703 |
Operating Cash Flow Growth | -29.21% | -4.06% | -13.50% | -13.76% | 62.33% | 851.93% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -2,106 | -2,021 | -1,282 | -1,242 | -1,056 | -850 |
Sale of Property, Plant & Equipment | 72 | 82 | 36 | 56 | 79 | 81 |
Investment in Securities | -2,654 | -2,489 | 1,210 | -4,878 | -715 | - |
Other Investing Activities | 773 | 758 | 423 | 356 | 14 | 258 |
Investing Cash Flow | -3,915 | -3,670 | 387 | -5,708 | -1,678 | -511 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Long-Term Debt Issued | - | 4,536 | 2,779 | 2,494 | 1,809 | 2,790 |
Total Debt Issued | 6,689 | 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) | -11 | -1,265 | -2,284 | -2,609 | -2,735 | -2,067 |
Issuance of Common Stock | 1 | 1 | - | - | - | - |
Repurchase of Common Stock | -10 | -8 | -6 | -33 | - | - |
Common Dividends Paid | -109 | -223 | - | - | - | - |
Other Financing Activities | 158 | 223 | -58 | -214 | -213 | -259 |
Financing Cash Flow | 29 | -1,272 | -2,348 | -2,856 | -2,948 | -2,326 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Foreign Exchange Rate Adjustments | -149 | 25 | -644 | - | - | - |
Net Cash Flow | -657 | -615 | 1,879 | -3,380 | 1,385 | 866 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | 1,272 | 2,281 | 3,202 | 3,942 | 4,955 | 2,853 |
Free Cash Flow Growth | -59.59% | -28.76% | -18.77% | -20.44% | 73.68% | - |
Free Cash Flow Margin | 4.83% | 9.47% | 14.12% | 18.82% | 26.89% | 26.70% |
Free Cash Flow Per Share | 0.92 | 1.65 | 2.32 | 2.86 | 3.59 | 2.07 |
Levered Free Cash Flow | 594.88 | 1,574 | 1,397 | 2,996 | 3,771 | 2,412 |
Unlevered Free Cash Flow | 960.5 | 1,884 | 1,771 | 3,341 | 4,029 | 2,640 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Cash Interest Paid | 338 | 306 | 384 | 388 | 318 | 318 |
Cash Income Tax Paid | 324 | 137 | 27 | -6 | -15 | 18 |
Change in Working Capital | -153 | -258 | 316 | 109 | 1,063 | 819 |