Gilat Satellite Networks Cash Flow Statement

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

Millions USD. 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	20.72	24.85	23.5	-5.93	-3.03
Depreciation & Amortization	23.65	13.55	13.4	11.61	10.99
Loss (Gain) From Sale of Assets	-	-	-2.08	0.77	0.65
Stock-Based Compensation	8.42	6.73	3.42	2.22	1.3
Other Operating Activities	-3.81	1.75	2.83	-0.49	1.77
Change in Accounts Receivable	-47.67	-0.83	11.75	-8.68	10.21
Change in Inventory	1.54	-1.93	-2.39	-5.42	2.45
Change in Accounts Payable	-2.2	3.2	-7.64	-0.26	-0.71
Change in Unearned Revenue	-0.89	-16.39	0.8	5.93	-0.92
Change in Other Net Operating Assets	20.91	0.75	-11.67	11.06	-3.81
Operating Cash Flow	20.68	31.67	31.94	10.81	18.9
Operating Cash Flow Growth	-34.72%	-0.86%	195.40%	-42.79%	-56.20%
Capital Expenditures	-11.49	-6.61	-10.75	-12.79	-8.93
Sale of Property, Plant & Equipment	-	-	2.17	4.01	-
Cash Acquisitions	-104.94	-	-4.11	-	-
Investment in Securities	-19.93	-	-	0.62	-2.16
Investing Cash Flow	-136.37	-6.61	-12.69	-8.16	-11.09
Short-Term Debt Issued	-	7.84	-	-	-
Long-Term Debt Issued	58.97	-	-	-	-
Total Debt Issued	58.97	7.84	-	-	-
Short-Term Debt Repaid	-	-15.29	-1.59	-	-
Long-Term Debt Repaid	-60	-	-	-	-4
Total Debt Repaid	-60	-15.29	-1.59	-	-4
Net Debt Issued (Repaid)	-1.03	-7.45	-1.59	-	-4
Issuance of Common Stock	164.23	-	-	-	-
Common Dividends Paid	-	-	-	-	-35
Other Financing Activities	-	-0.65	-	-	-
Financing Cash Flow	163.2	-8.11	-1.59	-	-39
Foreign Exchange Rate Adjustments	1.24	-1.45	-0.06	0.03	-0.3
Net Cash Flow	48.75	15.5	17.61	2.68	-31.5
Free Cash Flow	9.19	25.06	21.2	-1.98	9.97
Free Cash Flow Growth	-63.35%	18.21%	-	-	-74.07%
Free Cash Flow Margin	2.03%	8.20%	7.97%	-0.83%	4.64%
Free Cash Flow Per Share	0.15	0.44	0.37	-0.04	0.18
Cash Interest Paid	-	0.54	0.56	-	0.1
Cash Income Tax Paid	-	1.89	13.64	2.44	1.19
Levered Free Cash Flow	74.45	5.9	2.42	12.09	3.69
Unlevered Free Cash Flow	77.28	6.22	2.56	12.09	3.69
Change in Working Capital	-28.31	-15.21	-9.13	2.63	7.22

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