TLV:PTNR 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	2015 - 2019
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	2015 - 2019
Net Income	306	277	163	-100	115	17	Upgrade
Depreciation & Amortization	552	558	562	710	529	502	Upgrade
Other Amortization	232	219	213	31	215	212	Upgrade
Loss (Gain) From Sale of Assets	-1	-2	-	-	-	-	Upgrade
Asset Writedown & Restructuring Costs	-	-	-	304	-	-	Upgrade
Stock-Based Compensation	8	12	13	18	15	12	Upgrade
Other Operating Activities	75	89	39	36	27	70	Upgrade
Change in Accounts Receivable	11	-6	72	22	-24	82	Upgrade
Change in Inventory	-21	-12	20	-2	-10	47	Upgrade
Change in Accounts Payable	-10	-47	-44	-22	3	-57	Upgrade
Change in Unearned Revenue	39	23	-22	-37	-24	24	Upgrade
Change in Other Net Operating Assets	-185	-140	-65	-29	-72	-123	Upgrade
Operating Cash Flow	1,006	971	951	931	774	786	Upgrade
Operating Cash Flow Growth	6.01%	2.10%	2.15%	20.28%	-1.53%	-6.09%	Upgrade
Capital Expenditures	-343	-384	-497	-505	-519	-409	Upgrade
Sale (Purchase) of Intangibles	-143	-143	-159	-179	-153	-164	Upgrade
Investment in Securities	63	-211	202	422	-58	-14	Upgrade
Other Investing Activities	18	21	25	43	3	6	Upgrade
Investing Cash Flow	-405	-717	-429	-219	-727	-581	Upgrade
Long-Term Debt Issued	-	-	-	-	370	466	Upgrade
Long-Term Debt Repaid	-	-360	-367	-396	-419	-801	Upgrade
Net Debt Issued (Repaid)	-291	-360	-367	-396	-49	-335	Upgrade
Issuance of Common Stock	-	-	-	-	-	276	Upgrade
Other Financing Activities	-58	-61	-67	-64	-66	-69	Upgrade
Financing Cash Flow	-599	-421	-434	-460	-115	-128	Upgrade
Net Cash Flow	2	-167	88	252	-68	77	Upgrade
Free Cash Flow	663	587	454	426	255	377	Upgrade
Free Cash Flow Growth	24.86%	29.29%	6.57%	67.06%	-32.36%	0.53%	Upgrade
Free Cash Flow Margin	20.71%	17.66%	13.56%	12.30%	7.58%	11.82%	Upgrade
Free Cash Flow Per Share	3.52	3.15	2.44	2.31	1.38	2.06	Upgrade
Cash Interest Paid	58	61	67	64	66	67	Upgrade
Cash Income Tax Paid	55	31	57	51	17	1	Upgrade
Levered Free Cash Flow	342	369.25	200.88	221.75	110.88	188.75	Upgrade
Unlevered Free Cash Flow	378.25	408.63	244	268.63	153.38	236.88	Upgrade
Change in Working Capital	-166	-182	-39	-68	-127	-27	Upgrade

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