G City 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	70	52	-1,203	-1,340	646
Depreciation & Amortization	22	25	29	24	27
Gain (Loss) on Sale of Assets	-	-	-	-	32
Asset Writedown	-674	-38	767	450	-621
Stock-Based Compensation	2	5	5	16	19
Income (Loss) on Equity Investments	-78	-114	2	51	-41
Change in Accounts Receivable	-37	113	-45	61	-115
Change in Accounts Payable	-139	-25	32	-139	56
Other Operating Activities	1,368	678	1,063	1,525	458
Operating Cash Flow	638	696	650	648	461
Operating Cash Flow Growth	-8.33%	7.08%	0.31%	40.56%	16.12%
Acquisition of Real Estate Assets	-574	-787	-1,520	-1,382	-1,992
Sale of Real Estate Assets	1,293	1,791	1,413	1,918	1,492
Net Sale / Acq. of Real Estate Assets	719	1,004	-107	536	-500
Investment in Marketable & Equity Securities	-18	-20	176	163	-213
Investing Cash Flow	708	1,227	62	589	-680
Short-Term Debt Issued	-	-	-	702	-
Long-Term Debt Issued	4,041	6,467	2,892	331	5,079
Total Debt Issued	4,041	6,467	2,892	1,033	5,079
Short-Term Debt Repaid	-40	-141	-848	-	-1,184
Long-Term Debt Repaid	-5,677	-6,755	-2,978	-2,894	-2,487
Total Debt Repaid	-5,717	-6,896	-3,826	-2,894	-3,671
Net Debt Issued (Repaid)	-1,676	-429	-934	-1,861	1,408
Issuance of Common Stock	-	268	150	468	-
Repurchase of Common Stock	-165	-57	-	-	-
Common Dividends Paid	-73	-36	-53	-204	-182
Other Financing Activities	-614	-216	-530	-1,648	1,896
Foreign Exchange Rate Adjustments	-13	-100	-81	9	-272
Net Cash Flow	-1,195	1,353	-736	-1,999	2,631
Cash Interest Paid	929	873	767	687	842
Cash Income Tax Paid	21	148	39	125	118
Levered Free Cash Flow	-976.63	302	-264.5	-256.5	986
Unlevered Free Cash Flow	-136	853.25	269.88	171	1,425
Change in Working Capital	-72	88	-13	-78	-59

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