TLV:CLIS 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	919	718	220	121	1,082	438.68
Depreciation & Amortization	152	139	130	322	325	319.86
Other Amortization	354	354	327	-	-	-
Gain (Loss) on Sale of Assets	-1	-	-	-	-	-0.02
Gain (Loss) on Sale of Investments	-13,613	-10,047	-4,955	6,874	-11,104	-2,235
Stock-Based Compensation	20	13	17	15	24	-
Change in Accounts Receivable	39	39	16	-105	-97	49.2
Reinsurance Recoverable	71	-25	719	-106	-789	-77.52
Change in Insurance Reserves / Liabilities	5,818	4,796	2,175	-2,562	17,859	5,092
Change in Other Net Operating Assets	3,038	1,439	1,205	-3,770	359	943.1
Other Operating Activities	4,488	4,052	-4,517	-2,903	-50	-5,929
Operating Cash Flow	1,395	1,601	-4,312	-2,587	7,092	-1,253
Capital Expenditures	-39	-65	-32	-22	-31	-22.97
Sale of Property, Plant & Equipment	-	-	-	-	-	0.02
Purchase / Sale of Intangible Assets	-342	-358	-296	-190	-192	-191.54
Cash Acquisitions	-	-	-674	-	-66	-
Investment in Securities	-19	890	-806	-154	128	-165.13
Other Investing Activities	-1,943	-1,545	-428	-	-1	-
Investing Cash Flow	-2,343	-1,078	-2,236	-366	-162	-379.62
Long-Term Debt Issued	-	1,017	2,117	495	731	-
Total Debt Repaid	-658	-986	-524	-75	-587	-66.22
Net Debt Issued (Repaid)	1,011	31	1,593	420	144	-66.22
Issuance of Common Stock	-	-	-	492	-	-
Common Dividends Paid	-303	-102	-1	-	-	-
Other Financing Activities	-267	-252	-156	-127	-128	-128.09
Financing Cash Flow	441	-323	1,436	785	16	-194.31
Foreign Exchange Rate Adjustments	-175	-98	27	100	-51	-64.23
Miscellaneous Cash Flow Adjustments	1	1	1	1	-	-
Net Cash Flow	-681	103	-5,084	-2,067	6,895	-1,891
Free Cash Flow	1,356	1,536	-4,344	-2,609	7,061	-1,276
Free Cash Flow Margin	4.86%	5.71%	-20.24%	-36.07%	28.27%	-8.68%
Free Cash Flow Per Share	16.51	19.33	-54.96	-35.10	104.23	-18.86
Cash Interest Paid	261	244	141	121	122	128.09
Cash Income Tax Paid	500	115	240	412	440	-41.91
Levered Free Cash Flow	-759.88	269.88	-5,535	-376.39	68,451	-6,895
Unlevered Free Cash Flow	-207.38	779.88	-5,128	-243.26	68,588	-6,794
Change in Working Capital	8,853	6,165	4,024	-6,800	17,109	6,030

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