El Al Israel Airlines Cash Flow Statement

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

Millions USD. 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	403.3	541.4	112.6	108.7	-413
Depreciation & Amortization	272.7	266.3	248.6	210.1	228.6
Loss (Gain) From Sale of Assets	-	-	-	-	-1.2
Asset Writedown & Restructuring Costs	-	-15	-	-	43.5
Loss (Gain) From Sale of Investments	-20.3	1.7	-5.3	-	-
Other Operating Activities	238.8	259.3	58.8	-150.9	179.6
Change in Accounts Receivable	-3.2	-41.9	-76	-140.5	-44.4
Change in Inventory	-0.8	-5.4	-0.5	0.3	-
Change in Accounts Payable	157.2	43	57.3	84.9	19.4
Change in Unearned Revenue	0.3	415.1	57.4	207.7	-5.9
Change in Other Net Operating Assets	-1.8	-19.1	0.3	-7.4	-7.1
Operating Cash Flow	1,046	1,445	453.2	312.9	-0.5
Operating Cash Flow Growth	-27.62%	218.93%	44.84%	-	-
Capital Expenditures	-342.1	-178.7	-116.6	-53.6	-15.2
Sale of Property, Plant & Equipment	2.1	1.3	1	10.6	2.8
Sale (Purchase) of Intangibles	-37.6	-25.8	-14.2	-12.6	-5.3
Investment in Securities	-528.4	-907.6	-44.8	-4	-
Other Investing Activities	-	-	0.1	-	25.6
Investing Cash Flow	-906	-1,111	-174.5	-59.6	7.9
Short-Term Debt Issued	-	0.4	-	4.2	-
Long-Term Debt Issued	-	-	135.1	177.4	177.6
Total Debt Issued	-	0.4	135.1	181.6	177.6
Short-Term Debt Repaid	-0.5	-	-3.9	-	-0.5
Long-Term Debt Repaid	-282.2	-392	-321.7	-250.2	-170.5
Total Debt Repaid	-282.7	-392	-325.6	-250.2	-171
Net Debt Issued (Repaid)	-282.7	-391.6	-190.5	-68.6	6.6
Issuance of Common Stock	113.5	159.9	20.5	1.9	9.3
Other Financing Activities	0.1	33.6	-9.1	10.8	-0.8
Financing Cash Flow	-169.1	-198.1	-179.1	-55.9	15.1
Foreign Exchange Rate Adjustments	20.1	-9.8	3.5	-4.7	-0.3
Miscellaneous Cash Flow Adjustments	-0.1	-	-0.1	-	-
Net Cash Flow	-8.9	126.7	103	192.7	22.2
Free Cash Flow	704.1	1,267	336.6	259.3	-15.7
Free Cash Flow Growth	-44.41%	276.32%	29.81%	-	-
Free Cash Flow Margin	20.26%	36.91%	13.45%	13.06%	-1.83%
Free Cash Flow Per Share	1.22	2.76	0.81	0.65	-0.07
Cash Interest Paid	63	92.2	96	81.9	-
Cash Income Tax Paid	1	0.7	-	0.3	-
Levered Free Cash Flow	345.2	969.63	293.2	383.59	-131.23
Unlevered Free Cash Flow	391.51	1,028	357.7	445.09	-67.04
Change in Working Capital	151.7	391.7	38.5	145	-38

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