Elad Software Systems Cash Flow Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	22.64	14.55	8.49
Depreciation & Amortization	10.67	11.28	10.71
Stock-Based Compensation	4.35	-	-
Other Operating Activities	7.82	4.33	6.37
Change in Accounts Receivable	-19.44	-37.25	-15.2
Change in Accounts Payable	-4.08	2.59	-0.53
Change in Other Net Operating Assets	8.38	17.83	10.16
Operating Cash Flow	30.33	13.33	20.01
Operating Cash Flow Growth	127.61%	-33.41%	-
Capital Expenditures	-2.04	-1.47	-3.11
Cash Acquisitions	-	-1.57	-1.62
Sale (Purchase) of Intangibles	-5.5	-4.19	-2.59
Investing Cash Flow	-7.54	-7.22	-7.31
Short-Term Debt Issued	18.49	9.13	-
Total Debt Issued	18.49	9.13	-
Short-Term Debt Repaid	-26.08	-1.2	-4.65
Long-Term Debt Repaid	-6.68	-8.35	-8.91
Total Debt Repaid	-32.77	-9.55	-13.56
Net Debt Issued (Repaid)	-14.28	-0.42	-13.56
Other Financing Activities	-4.75	-3.8	-1.93
Financing Cash Flow	-19.02	-4.22	-15.49
Net Cash Flow	3.76	1.89	-2.79
Free Cash Flow	28.29	11.86	16.9
Free Cash Flow Growth	138.53%	-29.84%	-
Free Cash Flow Margin	5.80%	2.58%	4.32%
Free Cash Flow Per Share	0.70	0.30	-
Cash Interest Paid	4.75	3.8	1.93
Cash Income Tax Paid	5.1	5.58	3.23
Levered Free Cash Flow	15.12	-2.45	-
Unlevered Free Cash Flow	20.06	1.88	-
Change in Net Working Capital	10.24	20.22	-

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