TLV:INRM 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	139.7	109.63	192.97	129.07	99.42	104.19
Depreciation & Amortization	103.5	79.29	58.58	55.45	47.05	42.49
Loss (Gain) From Sale of Assets	0.25	0.28	0.21	-0.15	0.02	-0.15
Stock-Based Compensation	5.89	9.72	6.77	3.32	4.88	5.34
Other Operating Activities	14.37	10.43	-63.49	-3.32	11.99	19.58
Change in Accounts Receivable	-71.01	-100.87	130.49	-59.26	2.42	-17.23
Change in Inventory	-29.21	-20.86	34.28	-27.32	-23.95	0.68
Change in Accounts Payable	1.67	25.15	-44.44	-1.4	27.4	17.16
Change in Other Net Operating Assets	-20.45	11.8	-47.55	-11.31	-11.61	1.24
Operating Cash Flow	144.71	124.56	267.82	85.08	157.62	173.3
Operating Cash Flow Growth	-53.99%	-53.49%	214.78%	-46.02%	-9.05%	8.85%
Capital Expenditures	-179.53	-168.87	-127.06	-61.11	-44.57	-43.24
Sale of Property, Plant & Equipment	2.95	2.82	0.77	0.21	0.42	0.66
Cash Acquisitions	-	-171.95	-	-152.66	-	-
Other Investing Activities	51.8	-	65	-	-	-
Investing Cash Flow	-123.86	-337.58	-60.59	-212.51	-44.34	-42.75
Short-Term Debt Issued	-	49.61	2.34	40.51	-	67.5
Long-Term Debt Issued	-	-	-	80	-	-
Total Debt Issued	-6.91	49.61	2.34	120.51	-	67.5
Short-Term Debt Repaid	-	-	-	-	-28.95	-
Long-Term Debt Repaid	-	-35.52	-53.3	-59.05	-70.92	-79.51
Total Debt Repaid	-112.84	-35.52	-53.3	-59.05	-99.87	-79.51
Net Debt Issued (Repaid)	-119.75	14.08	-50.96	61.46	-99.87	-12.01
Issuance of Common Stock	-	223.62	-	-	-	-
Common Dividends Paid	-69.37	-36.93	-34.51	-36.75	-25.55	-8.03
Other Financing Activities	-4.5	-	-	-	-	-4.91
Financing Cash Flow	-193.62	200.78	-85.47	24.7	-125.42	-24.95
Miscellaneous Cash Flow Adjustments	-	-	-	0	-	-
Net Cash Flow	-172.77	-12.23	121.77	-102.72	-12.14	105.6
Free Cash Flow	-34.83	-44.31	140.76	23.98	113.05	130.06
Free Cash Flow Growth	-	-	487.10%	-78.79%	-13.08%	22.13%
Free Cash Flow Margin	-2.57%	-3.97%	12.58%	2.01%	10.97%	13.88%
Free Cash Flow Per Share	-0.23	-0.30	1.12	0.19	0.97	1.20
Cash Interest Paid	21.14	17.9	13.8	11.35	7.29	9.02
Cash Income Tax Paid	53.49	35.37	38.34	51.22	31.75	40.91
Levered Free Cash Flow	-118.48	-148.16	-1.18	-29.49	94.24	106.11
Unlevered Free Cash Flow	-106.57	-137.56	7.9	-22.12	99.71	112.69
Change in Working Capital	-119	-84.78	72.77	-99.29	-5.74	1.85

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