IST:TRGYO 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	FY 2020	2015 - 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	8,611	18,248	16,366	5,307	293	Upgrade
Depreciation & Amortization	97.74	107.58	23.85	16.99	1.97	Upgrade
Gain (Loss) on Sale of Assets	3,624	-101.6	-139.42	3.51	-4.37	Upgrade
Asset Writedown	-4,801	-11,175	-9,761	-5,448	-693.82	Upgrade
Income (Loss) on Equity Investments	-120.27	-909.24	-347.66	-143.78	-42.77	Upgrade
Change in Accounts Receivable	496.88	-1,614	-855.92	-125.17	19.38	Upgrade
Change in Accounts Payable	-11.72	466.23	54.85	17.93	-56.9	Upgrade
Change in Other Net Operating Assets	-10,506	-2,932	-74.56	-19.14	78.9	Upgrade
Other Operating Activities	-797.16	-922.88	-2,429	1,200	1,046	Upgrade
Operating Cash Flow	-5,597	4,449	3,907	1,131	918.83	Upgrade
Operating Cash Flow Growth	-	13.86%	245.53%	23.07%	69.33%	Upgrade
Acquisition of Real Estate Assets	-352.46	-309.24	-100.49	-48.95	-186.04	Upgrade
Sale of Real Estate Assets	14,523	373.09	258.66	-	7.77	Upgrade
Net Sale / Acq. of Real Estate Assets	14,171	63.86	158.17	-48.95	-178.28	Upgrade
Investment in Marketable & Equity Securities	-	-	-	-	-29.98	Upgrade
Other Investing Activities	242.79	181.32	104.18	34.15	34.08	Upgrade
Investing Cash Flow	14,414	245.17	262.35	-14.8	-174.18	Upgrade
Long-Term Debt Issued	-	3,065	3,793	1,655	1,897	Upgrade
Long-Term Debt Repaid	-1,891	-5,320	-6,048	-2,246	-2,613	Upgrade
Net Debt Issued (Repaid)	-1,891	-2,255	-2,255	-591.04	-716.44	Upgrade
Common Dividends Paid	-3,176	-432.53	-	-	-	Upgrade
Other Financing Activities	3,598	-277.77	-808.17	-421.91	-618.78	Upgrade
Foreign Exchange Rate Adjustments	-	-	-260.59	-	-	Upgrade
Miscellaneous Cash Flow Adjustments	-937.61	-861.83	-	-	-	Upgrade
Net Cash Flow	6,411	866.44	846.03	103.07	-590.57	Upgrade
Cash Interest Paid	908.43	1,147	985.34	468.3	660.3	Upgrade
Levered Free Cash Flow	5,105	986.17	-1,747	619.15	312.98	Upgrade
Unlevered Free Cash Flow	5,677	1,956	-1,059	969.87	644.86	Upgrade
Change in Net Working Capital	-1,259	1,706	3,334	-214.26	-266.75	Upgrade

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