Gav-Yam Lands Corp. 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	670.28	478.4	499.36	935.56	1,091
Depreciation & Amortization	6.23	6.99	7.38	4.86	4.71
Asset Writedown	-541.08	-397.49	-436.09	-1,220	-1,266
Stock-Based Compensation	5.38	2.97	4.24	1.32	3.87
Income (Loss) on Equity Investments	-17.63	-16.73	-18.26	-15.86	-23.32
Change in Accounts Receivable	-113.53	1.73	-30.12	0.88	22.95
Change in Other Net Operating Assets	-28.58	43.02	23.31	-10.71	22.85
Other Operating Activities	610.18	511.14	539.9	765.43	655.35
Operating Cash Flow	530.7	476.87	589.72	461.86	645.81
Operating Cash Flow Growth	11.29%	-19.13%	27.68%	-28.48%	53.17%
Acquisition of Real Estate Assets	-1,241	-1,304	-1,199	-938.11	-914.97
Sale of Real Estate Assets	106.09	389.61	194.17	12.32	59.33
Net Sale / Acq. of Real Estate Assets	-1,135	-914.62	-1,004	-925.79	-855.64
Cash Acquisition	-	46.82	-	-	-
Investment in Marketable & Equity Securities	-	-	-54.01	-125.15	307.5
Other Investing Activities	33.1	122.61	892.82	-425.76	-151.78
Investing Cash Flow	-1,102	-697.33	-165.67	-1,477	-699.91
Short-Term Debt Issued	430.5	45.85	415	-	-
Long-Term Debt Issued	2,031	1,854	696.67	2,545	-
Total Debt Issued	2,462	1,900	1,112	2,545	-
Long-Term Debt Repaid	-1,385	-1,350	-848.51	-709.17	-726.88
Total Debt Repaid	-1,385	-1,350	-848.51	-709.17	-726.88
Net Debt Issued (Repaid)	1,077	549.39	263.15	1,836	-726.88
Common Dividends Paid	-290	-305	-275	-570.01	-260
Other Financing Activities	-203	-187.77	-172.97	-185.59	-210.47
Net Cash Flow	12.13	-163.84	239.24	65.68	-1,251
Cash Interest Paid	153.1	137.87	133.05	145.67	170.55
Cash Income Tax Paid	84.26	80.26	22.36	44.54	85.14
Levered Free Cash Flow	177.84	605.45	1,070	-339.56	306.3
Unlevered Free Cash Flow	270.76	675.68	1,131	-282.98	399.4
Change in Working Capital	-202.67	-108.41	-6.81	-9.83	180.61

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