TLV:ALHE 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	76.53	-346.2	-2,392	-281.47	1,558	303
Depreciation & Amortization	280.91	200.67	165.27	112.41	84.95	82.6
Gain (Loss) on Sale of Investments	481.35	222.08	-1.17	-21.96	-70.07	-182.47
Asset Writedown	-607.26	-607.21	926.17	-685.92	-1,715	187.78
Stock-Based Compensation	31.37	24.22	34.07	25.26	22.41	22.54
Income (Loss) on Equity Investments	49.53	569.07	1,734	993.1	-126.82	131.51
Change in Accounts Receivable	-42.42	-49.12	-2.75	-138.81	2.22	-5.91
Change in Other Net Operating Assets	40.19	-24.9	-12.52	-21.77	49.77	7.05
Other Operating Activities	1,152	1,238	529.84	1,074	818.86	160.69
Operating Cash Flow	1,009	1,064	1,121	629.16	666.33	754.33
Operating Cash Flow Growth	-4.57%	-5.03%	78.13%	-5.58%	-11.67%	6.78%
Acquisition of Real Estate Assets	-3,407	-2,293	-2,935	-2,290	-4,649	-1,767
Sale of Real Estate Assets	220.86	333.57	-	-	-	-
Net Sale / Acq. of Real Estate Assets	-3,187	-1,960	-2,935	-2,290	-4,649	-1,767
Cash Acquisition	-185.66	-	-	-298.06	-120.83	-
Investment in Marketable & Equity Securities	-121.96	-192.84	348.79	-642.76	198.78	1,122
Other Investing Activities	-301.43	251.94	-1,132	167.19	118.37	179.5
Investing Cash Flow	-3,811	-1,929	-3,784	-3,049	-4,541	-465.9
Long-Term Debt Issued	-	2,611	5,359	3,281	4,401	2,727
Total Debt Issued	4,735	2,611	5,359	3,281	4,401	2,727
Long-Term Debt Repaid	-	-2,827	-1,802	-1,545	-1,563	-1,704
Net Debt Issued (Repaid)	3,270	-216.34	3,557	1,736	2,838	1,024
Issuance of Common Stock	717.93	1,004	-	294.67	28.58	3.69
Common Dividends Paid	-193.73	-138.15	-262.39	-298.15	-211.72	-200.45
Other Financing Activities	19.96	-439.37	-195.18	1,200	249.21	337.56
Foreign Exchange Rate Adjustments	-49.52	5.48	35.64	23.84	-16.28	-9.82
Miscellaneous Cash Flow Adjustments	72.88	31.56	38.06	64.88	-30.44	-
Net Cash Flow	1,036	-617.49	510.23	600.28	-1,051	1,443
Cash Interest Paid	645.04	593.26	559.42	404.21	343.16	398.75
Cash Income Tax Paid	197.09	77.85	59.6	384.15	68.76	60.52
Levered Free Cash Flow	-3,138	-947.81	-2,989	-2,498	-3,640	-1,250
Unlevered Free Cash Flow	-2,808	-565.55	-2,691	-2,311	-3,475	-1,069
Change in Working Capital	-455.94	-236.66	124.98	-585.92	94.53	48.68

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