TLV:CLIS Cash Flow Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,278	718	220	121	1,082
Depreciation & Amortization	464	139	130	322	325
Other Amortization	-	354	327	-	-
Gain (Loss) on Sale of Investments	-14,720	-10,047	-4,955	6,874	-11,104
Stock-Based Compensation	23	13	17	15	24
Change in Accounts Receivable	-	39	16	-105	-97
Reinsurance Recoverable	61	-25	719	-106	-789
Change in Insurance Reserves / Liabilities	975	4,796	2,175	-2,562	17,859
Change in Other Net Operating Assets	2,319	1,439	1,205	-3,770	359
Other Operating Activities	11,037	4,052	-4,517	-2,903	-50
Operating Cash Flow	2,513	1,601	-4,312	-2,587	7,092
Operating Cash Flow Growth	56.96%	-	-	-	-
Capital Expenditures	-63	-65	-32	-22	-31
Purchase / Sale of Intangible Assets	-340	-358	-296	-190	-192
Cash Acquisitions	-	-	-674	-	-66
Investment in Securities	-35	890	-806	-154	128
Other Investing Activities	-1,909	-1,545	-428	-	-1
Investing Cash Flow	-2,347	-1,078	-2,236	-366	-162
Long-Term Debt Issued	2,648	1,017	2,117	495	731
Total Debt Repaid	-959	-986	-524	-75	-587
Net Debt Issued (Repaid)	1,689	31	1,593	420	144
Issuance of Common Stock	-	-	-	492	-
Common Dividends Paid	-203	-102	-1	-	-
Other Financing Activities	-284	-252	-156	-127	-128
Financing Cash Flow	1,202	-323	1,436	785	16
Foreign Exchange Rate Adjustments	-107	-98	27	100	-51
Miscellaneous Cash Flow Adjustments	-	1	1	1	-
Net Cash Flow	1,261	103	-5,084	-2,067	6,895
Free Cash Flow	2,450	1,536	-4,344	-2,609	7,061
Free Cash Flow Growth	59.50%	-	-	-	-
Free Cash Flow Margin	14.31%	5.71%	-20.24%	-36.07%	28.27%
Free Cash Flow Per Share	29.55	19.33	-54.96	-35.10	104.23
Cash Interest Paid	-	244	141	121	122
Cash Income Tax Paid	-	115	240	412	440
Levered Free Cash Flow	1,925	269.88	-5,535	-376.39	68,451
Unlevered Free Cash Flow	1,925	779.88	-5,128	-243.26	68,588
Change in Working Capital	3,288	6,165	4,024	-6,800	17,109

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.