Harel Insurance Investments & Financial Services Ltd (TLV:HARL)
Israel · Delayed Price · Currency is ILS · Price in ILA 19,630
-340 (-1.70%)
Sep 8, 2026, 5:29 PM IDT
TLV:HARL Cash Flow Statement
Financials in millions ILS. Fiscal year is January - December.
Millions ILS. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 3,279 | 2,990 | 1,598 | 485 | 906 | 1,209 |
Depreciation & Amortization | 168 | 160 | 159 | 150 | 385 | 322 |
Other Amortization | 347 | 347 | 301 | 278 | - | - |
Gain (Loss) on Sale of Investments | -12,869 | -10,665 | -8,086 | -4,387 | 6,508 | -9,394 |
Stock-Based Compensation | 44 | 30 | 17 | 25 | 25 | 5 |
Change in Accounts Receivable | -950 | -1,272 | -1,059 | -204 | -93 | -72 |
Reinsurance Recoverable | -235 | -18 | 31 | -515 | 130 | -349 |
Change in Insurance Reserves / Liabilities | 3,687 | 3,352 | 2,283 | 4,519 | -4,095 | 12,126 |
Change in Other Net Operating Assets | 10,133 | 10,570 | -4,604 | 2,449 | -3,896 | -1,349 |
Other Operating Activities | -827 | -41 | 6,117 | 910 | 2,646 | -345 |
Operating Cash Flow | 2,638 | 5,427 | -3,060 | 3,472 | 1,976 | 1,486 |
Operating Cash Flow Growth | 32.90% | - | - | 75.71% | 32.97% | 5.17% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -39 | -41 | -45 | -81 | -35 | -49 |
Sale of Property, Plant & Equipment | 3 | 21 | 1 | 12 | 1 | 4 |
Purchase / Sale of Intangible Assets | -466 | -432 | -421 | -370 | -337 | -305 |
Cash Acquisitions | - | -9 | -562 | -51 | -44 | -92 |
Investment in Securities | 14 | -53 | -31 | -51 | -90 | -5 |
Other Investing Activities | 46 | 46 | 48 | 30 | 134 | -185 |
Investing Cash Flow | -442 | -468 | -1,015 | -511 | -371 | -632 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | - | 250 | 1,998 | 27 | - | 531 |
Long-Term Debt Issued | - | 1,666 | 594 | 1,588 | - | 1,306 |
Total Debt Issued | 2,729 | 1,916 | 2,592 | 1,615 | - | 1,837 |
Total Debt Repaid | -3,375 | -2,461 | -450 | -438 | -537 | -958 |
Lease Payments | -38 | -37 | -38 | -37 | -34 | -36 |
Net Debt Issued (Repaid) | -646 | -545 | 2,142 | 1,177 | -537 | 879 |
Repurchases of Common Stock | -293 | -251 | -126 | -67 | -74 | -40 |
Common Dividends Paid | -931 | -650 | -550 | -100 | -400 | -257 |
Other Financing Activities | -7 | -4 | -19 | -3 | - | -1 |
Financing Cash Flow | -1,877 | -1,450 | 1,447 | 1,007 | -1,011 | 581 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -411 | -391 | 20 | 119 | 148 | -171 |
Net Cash Flow | -92 | 3,118 | -2,608 | 4,087 | 742 | 1,264 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 2,599 | 5,386 | -3,105 | 3,391 | 1,941 | 1,437 |
Free Cash Flow Growth | 33.42% | - | - | 74.70% | 35.07% | 4.97% |
Free Cash Flow Margin | 12.10% | 26.05% | -17.07% | 13.61% | 14.95% | 5.30% |
Free Cash Flow Per Share | 12.11 | 25.19 | -14.94 | 16.14 | 9.15 | 6.71 |
Levered Free Cash Flow | -2,455 | 1,782 | -30,814 | 745.25 | 6,630 | -866.63 |
Unlevered Free Cash Flow | -1,844 | 2,334 | -30,483 | 1,035 | 6,861 | -677.88 |
Free Cash Flow After Leases | 2,561 | 5,349 | -3,143 | 3,354 | 1,907 | 1,401 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 40 | - | - | - | - | 180 |
Cash Income Tax Paid | 1,562 | 1,191 | 329 | 130 | 518 | 464 |
Change in Working Capital | 12,650 | 12,745 | -3,092 | 6,029 | -8,210 | 10,183 |