TLV:GAD Cash Flow Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	42.99	38.52	24.55	28.84
Depreciation & Amortization	21.72	20.96	19.62	18.45
Loss (Gain) From Sale of Assets	-0.11	-0.11	-	-
Other Operating Activities	8.52	10.34	10.04	-12.36
Change in Accounts Receivable	-23.38	-16.08	-6.78	-3.43
Change in Inventory	-8.85	0	3.07	6.24
Change in Accounts Payable	13.47	-0.13	9.87	5.85
Change in Other Net Operating Assets	0.07	11.17	-5.61	1.29
Operating Cash Flow	54.43	64.68	54.76	44.87
Operating Cash Flow Growth	-	18.11%	22.04%	-
Capital Expenditures	-17.21	-16.75	-12.48	-11.56
Sale of Property, Plant & Equipment	0.08	0.61	-	-
Cash Acquisitions	-	-	-	-0.78
Investment in Securities	-0.42	-0.06	-2.89	-2.99
Other Investing Activities	0.26	0.44	-0.37	-0.93
Investing Cash Flow	-16.94	-15.92	-15.11	-15.66
Long-Term Debt Issued	-	-	-	20.75
Long-Term Debt Repaid	-	-11.74	-32.79	-8.36
Net Debt Issued (Repaid)	-25.79	-11.74	-32.79	12.39
Common Dividends Paid	-11.24	-35	-	-35
Other Financing Activities	-5.4	-6.34	-6.28	-2.93
Financing Cash Flow	-42.44	-53.08	-39.07	-25.54
Net Cash Flow	-4.95	-4.32	0.58	3.67
Free Cash Flow	37.22	47.93	42.28	33.31
Free Cash Flow Growth	-	13.37%	26.92%	-
Free Cash Flow Margin	5.40%	7.09%	6.91%	5.77%
Free Cash Flow Per Share	0.42	0.62	0.52	0.46
Cash Interest Paid	5.4	6.34	6.28	2.93
Cash Income Tax Paid	15.36	15.05	12.67	11.57
Levered Free Cash Flow	-	38.94	-	-
Unlevered Free Cash Flow	-	42.49	-	-
Change in Working Capital	-18.69	-5.03	0.56	9.95

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