Meitav Investment House 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	813	256	130	74	-414	162
Depreciation & Amortization	54	45	50	84	85	84
Other Amortization	112	94	67	19	9	9
Loss (Gain) From Sale of Assets	3	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-	14
Loss (Gain) From Sale of Investments	-52	-45	-44	-24	-40	-134
Loss (Gain) on Equity Investments	-1	27	21	24	7	3
Stock-Based Compensation	17	13	14	13	7	8
Other Operating Activities	74	15	8	32	33	21
Change in Accounts Receivable	-870	-899	53	-451	-467	-214
Change in Accounts Payable	-650	-75	-86	-11	446	231
Change in Other Net Operating Assets	246	594	161	185	496	-188
Operating Cash Flow	-254	25	374	-55	162	-4
Operating Cash Flow Growth	-	-93.32%	-	-	-	-
Capital Expenditures	-9	-12	-10	-5	-8	-8
Cash Acquisitions	-	-	-	-	-3	-
Divestitures	-	1	-15	32	-	-
Sale (Purchase) of Intangibles	-57	-59	-46	-48	-81	-29
Investment in Securities	-5	13	14	43	-16	40
Other Investing Activities	-	375	-8	-364	-10	-16
Investing Cash Flow	-56	324	-58	-336	-121	-14
Short-Term Debt Issued	-	-	33	-	3	16
Long-Term Debt Issued	-	185	151	927	384	222
Total Debt Issued	634	185	184	927	387	238
Short-Term Debt Repaid	-	-240	-	-1	-	-
Long-Term Debt Repaid	-	-308	-452	-433	-319	-286
Total Debt Repaid	-112	-548	-452	-434	-319	-286
Net Debt Issued (Repaid)	522	-363	-268	493	68	-48
Issuance of Common Stock	-	-	141	-	-	5
Repurchase of Common Stock	-64	-	-	-	-	-21
Common Dividends Paid	-170	-119	-20	-	-55	-20
Other Financing Activities	-46	19	-146	-119	-27	117
Financing Cash Flow	242	-463	-293	374	-14	33
Net Cash Flow	-68	-114	23	-17	27	15
Free Cash Flow	-263	13	364	-60	154	-12
Free Cash Flow Growth	-	-96.43%	-	-	-	-
Free Cash Flow Margin	-13.96%	0.80%	27.72%	-5.03%	13.85%	-1.21%
Free Cash Flow Per Share	-3.34	0.17	4.64	-0.89	2.34	-0.18
Cash Interest Paid	94	108	110	62	43	42
Cash Income Tax Paid	112	119	89	74	62	34
Levered Free Cash Flow	-509.38	298.78	170.3	-131.88	193.25	269.13
Unlevered Free Cash Flow	-375	415.65	267.8	-59.38	238.88	301
Change in Working Capital	-1,274	-380	128	-277	475	-171

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.