PTNRF 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	306	277	163	-100	115	17
Depreciation & Amortization	552	558	562	710	529	502
Other Amortization	232	219	213	31	215	212
Loss (Gain) From Sale of Assets	-1	-2	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	304	-	-
Stock-Based Compensation	8	12	13	18	15	12
Other Operating Activities	75	89	39	36	27	70
Change in Accounts Receivable	11	-6	72	22	-24	82
Change in Inventory	-21	-12	20	-2	-10	47
Change in Accounts Payable	-10	-47	-44	-22	3	-57
Change in Unearned Revenue	39	23	-22	-37	-24	24
Change in Other Net Operating Assets	-185	-140	-65	-29	-72	-123
Operating Cash Flow	1,006	971	951	931	774	786
Operating Cash Flow Growth	6.01%	2.10%	2.15%	20.28%	-1.53%	-6.09%
Capital Expenditures	-343	-384	-497	-505	-519	-409
Sale (Purchase) of Intangibles	-143	-143	-159	-179	-153	-164
Investment in Securities	63	-211	202	422	-58	-14
Other Investing Activities	18	21	25	43	3	6
Investing Cash Flow	-405	-717	-429	-219	-727	-581
Long-Term Debt Issued	-	-	-	-	370	466
Long-Term Debt Repaid	-	-360	-367	-396	-419	-801
Net Debt Issued (Repaid)	-291	-360	-367	-396	-49	-335
Issuance of Common Stock	-	-	-	-	-	276
Other Financing Activities	-58	-61	-67	-64	-66	-69
Financing Cash Flow	-599	-421	-434	-460	-115	-128
Net Cash Flow	2	-167	88	252	-68	77
Free Cash Flow	663	587	454	426	255	377
Free Cash Flow Growth	24.86%	29.29%	6.57%	67.06%	-32.36%	0.53%
Free Cash Flow Margin	20.71%	17.66%	13.56%	12.30%	7.58%	11.82%
Free Cash Flow Per Share	3.52	3.15	2.44	2.31	1.38	2.06
Cash Interest Paid	58	61	67	64	66	67
Cash Income Tax Paid	55	31	57	51	17	1
Levered Free Cash Flow	342	369.25	200.88	221.75	110.88	188.75
Unlevered Free Cash Flow	378.25	408.63	244	268.63	153.38	236.88
Change in Working Capital	-166	-182	-39	-68	-127	-27

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