BZQIF Cash Flow Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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
Net Income	1,384	1,072	1,189	1,000	1,183	796
Depreciation & Amortization	1,276	1,436	1,441	1,868	1,889	1,837
Other Amortization	271	271	269	-	-	-
Loss (Gain) From Sale of Assets	-7	-8	-2	-8	-175	-54
Asset Writedown & Restructuring Costs	137	137	157	-	-	307
Loss (Gain) on Equity Investments	22	8	-	-	-	-
Stock-Based Compensation	21	21	10	11	27	-
Other Operating Activities	148	294	355	419	321	448
Change in Accounts Receivable	11	67	-7	342	-229	57
Change in Inventory	-19	-109	-15	-21	-19	13
Change in Accounts Payable	127	147	63	-41	-41	17
Change in Other Net Operating Assets	-112	110	-5	-67	-117	-201
Operating Cash Flow	3,259	3,446	3,455	3,503	2,839	3,220
Operating Cash Flow Growth	-7.55%	-0.26%	-1.37%	23.39%	-11.83%	10.12%
Capital Expenditures	-1,332	-1,356	-1,333	-1,353	-1,328	-1,133
Sale of Property, Plant & Equipment	41	16	39	40	278	148
Cash Acquisitions	-	-	-14	-9	-	-
Divestitures	28	-	-	-	-	44
Sale (Purchase) of Intangibles	-409	-390	-375	-346	-363	-366
Investment in Securities	5	-674	-285	60	-231	451
Other Investing Activities	84	102	89	23	-2	17
Investing Cash Flow	-1,583	-2,302	-1,879	-1,585	-1,646	-839
Long-Term Debt Issued	-	1,648	515	400	695	718
Long-Term Debt Repaid	-	-1,520	-1,396	-1,740	-1,454	-2,219
Net Debt Issued (Repaid)	-971	128	-881	-1,340	-759	-1,501
Common Dividends Paid	-799	-781	-638	-534	-	-
Other Financing Activities	-240	-242	-235	-276	-301	-440
Financing Cash Flow	-2,010	-895	-1,754	-2,150	-1,060	-1,941
Miscellaneous Cash Flow Adjustments	15	-28	-	-	-	-
Net Cash Flow	-319	221	-178	-232	133	440
Free Cash Flow	1,927	2,090	2,122	2,150	1,511	2,087
Free Cash Flow Growth	-12.21%	-1.51%	-1.30%	42.29%	-27.60%	14.11%
Free Cash Flow Margin	22.10%	23.52%	23.31%	23.93%	17.13%	23.93%
Free Cash Flow Per Share	0.69	0.76	0.77	0.78	0.55	0.76
Cash Interest Paid	247	249	236	232	254	314
Cash Income Tax Paid	433	244	269	271	385	243
Levered Free Cash Flow	1,278	1,173	1,239	1,391	832.75	1,564
Unlevered Free Cash Flow	1,500	1,389	1,426	1,550	1,002	1,753
Change in Working Capital	7	215	36	213	-406	-114

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.