Property & Building Corp. 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	201	269	-530	919	577
Depreciation & Amortization	6	9	7	5	2
Asset Writedown	-541	-398	447	-646	-
Stock-Based Compensation	5	5	6	2	-
Income (Loss) on Equity Investments	-18	-24	-21	-58	-444
Change in Accounts Receivable	-111	32	-58	-3	12
Change in Accounts Payable	-33	40	-21	12	6
Change in Other Net Operating Assets	-39	-165	-5	-29	-12
Other Operating Activities	1,064	799	822	563	-77
Net Cash from Discontinued Operations	20	197	142	133	172
Operating Cash Flow	533	787	858	923	244
Operating Cash Flow Growth	-32.27%	-8.28%	-7.04%	278.28%	-9.96%
Acquisition of Real Estate Assets	-1,241	-1,304	-1,198	-809	-
Sale of Real Estate Assets	106	390	194	12	-
Net Sale / Acq. of Real Estate Assets	-1,135	-914	-1,004	-797	-
Cash Acquisition	-	-	-	1,204	-
Investment in Marketable & Equity Securities	15	163	847	-946	-894
Other Investing Activities	-50	87	107	862	678
Investing Cash Flow	-1,170	-664	-50	323	-216
Short-Term Debt Issued	576	35	780	945	1
Long-Term Debt Issued	2,031	2,010	2,476	2,005	350
Total Debt Issued	2,607	2,045	3,256	2,950	351
Long-Term Debt Repaid	-1,943	-1,905	-3,656	-764	-527
Total Debt Repaid	-1,943	-1,905	-3,656	-764	-527
Net Debt Issued (Repaid)	664	140	-400	2,186	-176
Common & Preferred Dividends Paid	-200	-150	-	-	-
Total Dividends Paid	-200	-150	-	-	-
Other Financing Activities	380	-139	-631	-3,480	-265
Foreign Exchange Rate Adjustments	-19	-1	-1	23	-14
Miscellaneous Cash Flow Adjustments	-	-	-	-	-9
Net Cash Flow	188	-27	-224	-25	-436
Cash Interest Paid	299	314	444	261	178
Cash Income Tax Paid	84	105	29	146	7
Levered Free Cash Flow	133	485	1,157	265.5	-1,417
Unlevered Free Cash Flow	438.63	816.88	1,458	546.13	-1,288
Change in Working Capital	-204	-70	-15	5	14

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