TLV:ECP 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	100	52	-101	103	164.11
Depreciation & Amortization	408	386	357	296	194.2
Loss (Gain) From Sale of Assets	-15	2	-3	5	12.11
Asset Writedown & Restructuring Costs	-60	5	132	10	-50.99
Loss (Gain) From Sale of Investments	11	3	-34	-	-
Loss (Gain) on Equity Investments	-	1	1	-	-
Stock-Based Compensation	3	3	4	7	1.91
Other Operating Activities	7	-23	-189	-61	-16.73
Change in Accounts Receivable	3	-77	67	-34	-46.87
Change in Inventory	-30	-4	-176	74	-234.05
Change in Accounts Payable	86	120	216	-16	-40.1
Change in Other Net Operating Assets	18	91	23	-54	4.63
Operating Cash Flow	531	559	297	330	-11.77
Operating Cash Flow Growth	-5.01%	88.22%	-10.00%	-	-
Capital Expenditures	-225	-222	-472	-177	-71.15
Sale of Property, Plant & Equipment	-	-	-	1	0.6
Cash Acquisitions	-	-	5	-56	4.94
Divestitures	43	10	2	5	6.95
Sale (Purchase) of Intangibles	-9	-5	-11	-12	-15.52
Sale (Purchase) of Real Estate	-49	-2	-3	-32	-9.2
Investment in Securities	269	-182	-98	-5	116.26
Other Investing Activities	-6	-48	35	-97	24.06
Investing Cash Flow	23	-449	-542	-370	56.95
Short-Term Debt Issued	208	62	56	144	-
Long-Term Debt Issued	57	208	248	600	610
Total Debt Issued	265	270	304	744	610
Short-Term Debt Repaid	-	-	-	-	-118.4
Long-Term Debt Repaid	-656	-449	-324	-395	-347.08
Total Debt Repaid	-656	-449	-324	-395	-465.48
Net Debt Issued (Repaid)	-391	-179	-20	349	144.52
Issuance of Common Stock	-	-	124	-	-
Repurchase of Common Stock	-3	-18	-21	-45	-7.34
Common Dividends Paid	-80	-	-35	-60	-70
Other Financing Activities	-58	4	10	15	-84.35
Financing Cash Flow	-532	-193	58	259	-17.17
Foreign Exchange Rate Adjustments	-	-	-	-	0.71
Net Cash Flow	22	-83	-187	219	28.71
Free Cash Flow	306	337	-175	153	-82.92
Free Cash Flow Growth	-9.20%	-	-	-	-
Free Cash Flow Margin	4.09%	4.64%	-2.80%	2.48%	-1.78%
Free Cash Flow Per Share	13.16	14.46	-8.09	6.91	-3.71
Cash Interest Paid	251	252	191	126	67.36
Cash Income Tax Paid	23	41	34	58	35.73
Levered Free Cash Flow	197.13	305.88	108.76	96.53	648.79
Unlevered Free Cash Flow	339.63	449	224.39	172.78	688.96
Change in Working Capital	77	130	130	-30	-316.39

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