TLV:ILDC 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	216.27	91.29	69.16	221.46	222.01
Depreciation & Amortization	16.82	20.25	21.02	20.87	19.15
Gain (Loss) on Sale of Assets	-0.43	0.05	0.02	1.16	-
Gain (Loss) on Sale of Investments	-	-	-	0.63	-0.34
Asset Writedown	-566.19	-442.73	97.67	-446.45	-601.62
Stock-Based Compensation	-	0.12	0.54	1.08	1.86
Income (Loss) on Equity Investments	40.32	24.81	21.28	-8.54	-40.29
Change in Accounts Receivable	68.76	-133.64	-36.64	-27.33	13.18
Change in Accounts Payable	31.74	-12.78	-61.14	65.95	-18.6
Change in Other Net Operating Assets	-41.68	-72.72	-66.54	47.97	91.07
Other Operating Activities	439.52	378.99	-123.6	377.71	423.43
Operating Cash Flow	114.15	-33.48	-27.2	255.61	143.74
Operating Cash Flow Growth	-	-	-	77.82%	-
Acquisition of Real Estate Assets	-675.8	-802.29	-614.41	-643.61	-626.96
Sale of Real Estate Assets	107.67	61.09	32.2	83.32	29.28
Net Sale / Acq. of Real Estate Assets	-568.13	-741.2	-582.22	-560.29	-597.68
Investment in Marketable & Equity Securities	38.82	-22.65	384.33	-316.35	-9.96
Other Investing Activities	-20.31	-59.92	-2.95	-3.32	-
Investing Cash Flow	-549.62	-823.77	-200.84	-877.94	-612.3
Short-Term Debt Issued	-	65	-	86.39	-
Long-Term Debt Issued	1,021	2,153	1,542	851.35	1,022
Total Debt Issued	1,021	2,218	1,542	937.74	1,022
Short-Term Debt Repaid	-21.86	-	-38.04	-	-0.77
Long-Term Debt Repaid	-1,129	-1,196	-1,248	-384.54	-583.39
Total Debt Repaid	-1,151	-1,196	-1,286	-384.54	-584.16
Net Debt Issued (Repaid)	-129.86	1,023	256.37	553.2	437.71
Issuance of Common Stock	-	106.98	-	109.36	99.63
Repurchase of Common Stock	-	-	-41.15	-	-
Common Dividends Paid	-60	-	-50	-46	-46
Other Financing Activities	58.31	93.34	-4.07	72.39	45.98
Foreign Exchange Rate Adjustments	-4.99	-11.2	40.32	6.92	-17.76
Net Cash Flow	-572.02	354.6	-26.56	73.53	51.02
Cash Interest Paid	245.37	245.31	182.85	80.49	102.95
Cash Income Tax Paid	29.51	26.96	37.72	19.76	6.4
Levered Free Cash Flow	121.05	-189.05	303.93	-927.06	-443.47
Unlevered Free Cash Flow	333.33	29.83	461.51	-785.49	-352.77
Change in Working Capital	-32.15	-106.26	-113.29	87.7	119.56

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