TLV:ENRG 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	250.24	337.79	258.26	236.69	79.32
Depreciation & Amortization	262.93	221.83	152.75	105.8	81.25
Loss (Gain) on Sale of Investments	-	-	-	-18.1	-12.36
Loss (Gain) on Equity Investments	-	-	-	-	-1.32
Asset Writedown	35.94	-	-	-	-
Stock-Based Compensation	11.21	10	15.49	7.28	5.13
Change in Accounts Receivable	27.41	-65.82	32.17	-72.81	-27.25
Change in Inventory	-5.59	-5.45	12.93	-7.41	7.25
Change in Accounts Payable	-13.95	-53.23	17.65	-23.16	-0.46
Change in Other Net Operating Assets	-	-	-	-	-32.02
Other Operating Activities	-438.8	-106.95	16.56	56.39	3.96
Operating Cash Flow	129.39	338.17	505.81	284.69	103.49
Operating Cash Flow Growth	-61.74%	-33.14%	77.67%	175.09%	-39.59%
Capital Expenditures	-2,444	-1,439	-2,290	-1,135	-1,200
Cash Acquisitions	-	-	-	-	-77.01
Investment in Securities	-	-	-	25.36	6.64
Other Investing Activities	-25.49	494.46	-809.54	24.85	-2.41
Investing Cash Flow	-2,470	-944.7	-3,099	-1,085	-1,273
Short-Term Debt Issued	490.26	-	925.86	-	-
Long-Term Debt Issued	2,891	1,774	2,348	249.56	956.01
Total Debt Issued	3,382	1,774	3,274	249.56	956.01
Short-Term Debt Repaid	-	-524.97	-	-	-
Long-Term Debt Repaid	-404.15	-343.33	-285.93	-162.22	-59.72
Total Debt Repaid	-404.15	-868.3	-285.93	-162.22	-59.72
Net Debt Issued (Repaid)	2,978	906	2,988	87.34	896.29
Issuance of Common Stock	438.8	16.03	0.94	703.51	9.67
Common Dividends Paid	-220.29	-329.51	-252.01	-106.78	-87.71
Other Financing Activities	-110.18	-71.07	-88.87	-17.32	-25.54
Financing Cash Flow	3,086	521.45	2,648	666.75	792.71
Foreign Exchange Rate Adjustments	-78.25	5.35	17.05	27.73	-9.86
Net Cash Flow	667.44	-79.73	71.74	-105.99	-386.61
Free Cash Flow	-2,315	-1,101	-1,784	-850.68	-1,097
Free Cash Flow Margin	-305.00%	-125.20%	-337.13%	-168.69%	-420.09%
Free Cash Flow Per Share	-4.19	-2.00	-3.25	-1.51	-2.22
Cash Interest Paid	263.95	155.03	137.49	59.17	29.43
Cash Income Tax Paid	170.61	13.42	28.35	13.39	15.11
Levered Free Cash Flow	-2,778	-174.72	-2,059	-767.32	-1,153
Unlevered Free Cash Flow	-2,673	-76.28	-2,020	-742.85	-1,137
Change in Working Capital	7.86	-124.49	62.76	-103.37	-52.48

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