G City 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	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-90	52	-1,203	-1,340	646	-653
Depreciation & Amortization	23	25	29	24	27	28
Gain (Loss) on Sale of Assets	-	-	-	-	32	-6
Asset Writedown	-75	-38	767	450	-621	1,534
Stock-Based Compensation	3	5	5	16	19	15
Income (Loss) on Equity Investments	-70	-114	2	51	-41	78
Change in Accounts Receivable	40	113	-45	61	-115	-194
Change in Accounts Payable	-124	-25	32	-139	56	28
Other Operating Activities	913	678	1,063	1,525	458	-433
Operating Cash Flow	706	696	650	648	461	397
Operating Cash Flow Growth	24.08%	7.08%	0.31%	40.56%	16.12%	-56.37%
Acquisition of Real Estate Assets	-813	-787	-1,520	-1,382	-1,992	-1,149
Sale of Real Estate Assets	1,944	1,791	1,413	1,918	1,492	492
Net Sale / Acq. of Real Estate Assets	1,131	1,004	-107	536	-500	-657
Investment in Marketable & Equity Securities	-44	-20	176	163	-213	461
Investing Cash Flow	1,327	1,227	62	589	-680	-277
Short-Term Debt Issued	-	-	-	702	-	568
Long-Term Debt Issued	-	6,467	2,892	331	5,079	4,208
Total Debt Issued	5,844	6,467	2,892	1,033	5,079	4,776
Short-Term Debt Repaid	-	-141	-848	-	-1,184	-
Long-Term Debt Repaid	-	-6,755	-2,978	-2,894	-2,487	-3,546
Total Debt Repaid	-7,653	-6,896	-3,826	-2,894	-3,671	-3,546
Net Debt Issued (Repaid)	-1,809	-429	-934	-1,861	1,408	1,230
Issuance of Common Stock	268	268	150	468	-	-
Repurchase of Common Stock	-166	-57	-	-	-	-633
Common Dividends Paid	-91	-36	-53	-204	-182	-293
Other Financing Activities	-380	-216	-530	-1,648	1,896	-689
Foreign Exchange Rate Adjustments	-30	-100	-81	9	-272	-56
Net Cash Flow	-175	1,353	-736	-1,999	2,631	-321
Cash Interest Paid	835	873	767	687	842	837
Cash Income Tax Paid	24	148	39	125	118	383
Levered Free Cash Flow	2,297	302	-264.5	-256.5	986	-459.88
Unlevered Free Cash Flow	2,881	853.25	269.88	171	1,425	-33
Change in Working Capital	2	88	-13	-78	-59	-166

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