Bezeq The Israel Telecommunication Corp. Ltd (TLV:BEZQ)
Israel · Delayed Price · Currency is ILS · Price in ILA 700.00
-16.00 (-2.23%)
Nov 12, 2026, 5:25 PM IST
TLV:BEZQ Cash Flow Statement
Financials in millions ILS. Fiscal year is January - December.
Millions ILS. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 1,109 | 1,417 | 1,072 | 1,189 | 1,000 | 1,183 |
Depreciation & Amortization | 1,724 | 1,486 | 1,436 | 1,867 | 1,868 | 1,889 |
Other Amortization | 322 | 322 | 271 | - | - | - |
Loss (Gain) From Sale of Assets | -3 | -5 | -8 | -2 | -8 | -175 |
Asset Writedown & Restructuring Costs | -121 | -121 | 137 | - | - | - |
Loss (Gain) on Equity Investments | 5 | 19 | 8 | - | - | - |
Stock-Based Compensation | 17 | 22 | 21 | 10 | 11 | 27 |
Other Operating Activities | 229 | 127 | 351 | 358 | 419 | 321 |
Change in Accounts Receivable | -80 | -39 | 67 | -7 | 342 | -229 |
Change in Inventory | -107 | 54 | -109 | -15 | -21 | -19 |
Change in Accounts Payable | 229 | 129 | 147 | 63 | -41 | -41 |
Change in Other Net Operating Assets | -60 | -149 | 53 | -8 | -67 | -117 |
Operating Cash Flow | 3,264 | 3,262 | 3,446 | 3,455 | 3,503 | 2,839 |
Operating Cash Flow Growth | 0.15% | -5.34% | -0.26% | -1.37% | 23.39% | -11.83% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | -1,170 | -1,265 | -1,356 | -1,333 | -1,353 | -1,328 |
Sale of Property, Plant & Equipment | 8 | 40 | 16 | 39 | 40 | 278 |
Cash Acquisitions | - | - | - | -14 | -9 | - |
Divestitures | - | 28 | - | - | - | - |
Sale (Purchase) of Intangibles | -482 | -413 | -390 | -375 | -346 | -363 |
Investment in Securities | 1,150 | -256 | -674 | -285 | 60 | -231 |
Other Investing Activities | 35 | 66 | 102 | 89 | 23 | -2 |
Investing Cash Flow | -459 | -1,800 | -2,302 | -1,879 | -1,585 | -1,646 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | - | 1,190 | 1,648 | 515 | 400 | 695 |
Long-Term Debt Repaid | - | -1,614 | -1,520 | -1,396 | -1,740 | -1,454 |
Lease Payments | -451 | -491 | -449 | -484 | -420 | -387 |
Net Debt Issued (Repaid) | -1,082 | -424 | 128 | -881 | -1,340 | -759 |
Common Dividends Paid | -1,547 | -975 | -781 | -638 | -534 | - |
Other Financing Activities | -227 | -232 | -242 | -235 | -276 | -301 |
Financing Cash Flow | -3,106 | -1,631 | -895 | -1,754 | -2,150 | -1,060 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Miscellaneous Cash Flow Adjustments | - | 28 | -28 | - | - | - |
Net Cash Flow | -301 | -141 | 221 | -178 | -232 | 133 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 2,094 | 1,997 | 2,090 | 2,122 | 2,150 | 1,511 |
Free Cash Flow Growth | 8.67% | -4.45% | -1.51% | -1.30% | 42.29% | -27.60% |
Free Cash Flow Margin | 24.09% | 22.95% | 23.52% | 23.31% | 23.93% | 17.13% |
Free Cash Flow Per Share | 0.76 | 0.72 | 0.76 | 0.77 | 0.78 | 0.55 |
Levered Free Cash Flow | 706.88 | 1,495 | 1,173 | 1,298 | 1,391 | 832.75 |
Unlevered Free Cash Flow | 980.63 | 1,716 | 1,389 | 1,485 | 1,550 | 1,002 |
Free Cash Flow After Leases | 1,643 | 1,506 | 1,641 | 1,638 | 1,730 | 1,124 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 92 | 238 | 249 | 236 | 232 | 254 |
Cash Income Tax Paid | 89 | 437 | 244 | 269 | 271 | 385 |
Change in Working Capital | -18 | -5 | 158 | 33 | 213 | -406 |