Michlol Finance Ltd (TLV:MCLL)

Michlol Finance Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	48.65	50.93	41.03	26.44	5.95	-1.74
Depreciation & Amortization	1.97	1.99	1.99	1.79	0.83	0.23
Stock-Based Compensation	1.42	1.42	3.28	5.66	10.78	8.87
Other Operating Activities	1.23	1.02	-3.08	4.93	0.02	-1.38
Change in Accounts Receivable	-0.23	-1.69	0.75	-0.1	-1.56	0.09
Change in Accounts Payable	15.07	-0.37	-2.57	12.45	10.99	9.62
Change in Income Taxes	-7.2	0.65	1.21	4.03	6.14	-
Change in Other Net Operating Assets	-388.41	-239.81	20.66	-201.54	-130.22	-19.98
Operating Cash Flow	-327.33	-187.66	64.65	-146.3	-96.89	-4.29
Capital Expenditures	-0.42	-0.22	-0.3	-0.34	-0.77	-0.1
Investment in Securities	11.67	6.68	-	-2.5	-6.5	-
Investing Cash Flow	11.25	6.46	-0.3	-2.84	-7.27	-0.1
Long-Term Debt Issued	-	231.43	-	155.12	-	-
Total Debt Issued	365.83	231.43	-	155.12	-	-
Long-Term Debt Repaid	-	-47.34	-39.57	-0.74	-0.42	-0.2
Net Debt Issued (Repaid)	318.42	184.09	-39.57	154.37	-0.42	-0.2
Issuance of Common Stock	-	-	15.1	-	106.12	7.53
Common Dividends Paid	-5.01	-5	-	-	-	-
Financing Cash Flow	313.41	179.09	-24.46	154.37	105.7	7.33
Net Cash Flow	-2.67	-2.11	39.89	5.24	1.54	2.95
Free Cash Flow	-327.76	-187.88	64.35	-146.64	-97.66	-4.39
Free Cash Flow Margin	-155.36%	-91.76%	35.26%	-148.88%	-242.67%	-26.84%
Free Cash Flow Per Share	-7.44	-4.32	1.52	-3.58	-3.22	-0.20
Cash Interest Paid	92.46	92.46	81.12	20.3	10.52	5.87
Cash Income Tax Paid	18.07	18.07	7.58	2.83	0.14	0.18
Levered Free Cash Flow	-413.55	-180.98	-306.57	80.08	-139.89	-122.45
Unlevered Free Cash Flow	-350.02	-122.59	-254.48	96.24	-133.36	-112.71
Change in Working Capital	-380.86	-243.02	21.43	-185.12	-114.47	-10.27

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