Elco Ltd. 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	19	-118	-289	429	544.62
Depreciation & Amortization	962	880	854	775	593.24
Other Amortization	-	34	33	-	-
Loss (Gain) From Sale of Assets	-35	-8	-40	-135	5.13
Asset Writedown & Restructuring Costs	7	4	149	-33	-43.84
Loss (Gain) From Sale of Investments	-123	7	116	223	-0.38
Loss (Gain) on Equity Investments	155	300	7	29	-180.8
Stock-Based Compensation	32	24	32	19	12.88
Provision & Write-off of Bad Debts	89	-30	-50	55	3.85
Other Operating Activities	-252	-185	-270	-898	-683.98
Change in Accounts Receivable	-	-248	-201	-124	-82.14
Change in Inventory	-70	-107	-194	115	-146.28
Change in Accounts Payable	452	384	254	169	91.57
Change in Other Net Operating Assets	-293	1	36	-293	-214.35
Operating Cash Flow	943	938	437	331	-100.48
Operating Cash Flow Growth	0.53%	114.64%	32.02%	-	-
Capital Expenditures	-962	-916	-999	-566	-465.8
Cash Acquisitions	-27	-11	-	-100	-134.97
Divestitures	-	-	-1	-	4.47
Sale (Purchase) of Real Estate	108	86	67	647	421.55
Investment in Securities	88	-520	-235	-921	-1,101
Other Investing Activities	53	36	-72	-93	-4.47
Investing Cash Flow	-740	-1,325	-1,240	-1,033	-1,280
Short-Term Debt Issued	531	332	79	718	577.13
Long-Term Debt Issued	1,618	2,144	1,776	2,069	2,590
Total Debt Issued	2,149	2,476	1,855	2,787	3,167
Long-Term Debt Repaid	-2,082	-1,752	-1,248	-1,602	-1,905
Total Debt Repaid	-2,082	-1,752	-1,248	-1,602	-1,905
Net Debt Issued (Repaid)	67	724	607	1,185	1,263
Issuance of Common Stock	201	470	246	26	153.64
Repurchase of Common Stock	-10	-31	-32	-88	-29.64
Common Dividends Paid	-65	-50	-70	-70	-60
Other Financing Activities	-129	-112	-126	-159	-201.89
Financing Cash Flow	64	1,001	625	894	1,125
Foreign Exchange Rate Adjustments	-32	-12	3	17	-18.48
Net Cash Flow	235	602	-175	209	-274.61
Free Cash Flow	-19	22	-562	-235	-566.27
Free Cash Flow Margin	-0.08%	0.11%	-2.99%	-1.23%	-3.76%
Free Cash Flow Per Share	-0.71	0.82	-20.66	-8.57	-20.57
Cash Interest Paid	-	642	522	323	272.45
Cash Income Tax Paid	-	152	124	347	136.62
Levered Free Cash Flow	489.88	-214.88	-495.63	896.44	486.93
Unlevered Free Cash Flow	914.25	100.75	-235.01	1,078	614.77
Change in Working Capital	89	30	-105	-133	-351.2

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