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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	314	304	277	163	-100	115
Depreciation & Amortization	552	549	558	728	710	529
Other Amortization	238	235	219	47	31	215
Loss (Gain) From Sale of Assets	-2	-2	-2	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	304	-
Stock-Based Compensation	10	9	12	13	18	15
Other Operating Activities	121	30	89	39	36	27
Change in Accounts Receivable	-10	-11	-6	72	22	-24
Change in Inventory	8	6	-12	20	-2	-10
Change in Accounts Payable	-15	15	-47	-44	-22	3
Change in Unearned Revenue	14	19	23	-22	-37	-24
Change in Other Net Operating Assets	-194	-156	-140	-65	-29	-72
Operating Cash Flow	1,036	998	971	951	931	774
Operating Cash Flow Growth	-1.15%	2.78%	2.10%	2.15%	20.28%	-1.53%
Capital Expenditures	-316	-308	-384	-497	-505	-519
Sale of Property, Plant & Equipment	1	-	-	-	-	-
Sale (Purchase) of Intangibles	-150	-146	-143	-159	-179	-153
Investment in Securities	-	211	-211	202	422	-58
Other Investing Activities	20	21	21	25	43	3
Investing Cash Flow	-445	-222	-717	-429	-219	-727
Long-Term Debt Issued	-	-	-	-	-	370
Long-Term Debt Repaid	-	-289	-360	-367	-396	-419
Net Debt Issued (Repaid)	-285	-289	-360	-367	-396	-49
Common Dividends Paid	-465	-250	-	-	-	-
Other Financing Activities	-56	-56	-61	-67	-64	-66
Financing Cash Flow	-806	-595	-421	-434	-460	-115
Net Cash Flow	-215	181	-167	88	252	-68
Free Cash Flow	720	690	587	454	426	255
Free Cash Flow Growth	0.84%	17.55%	29.29%	6.57%	67.06%	-32.36%
Free Cash Flow Margin	22.79%	21.56%	17.66%	13.56%	12.30%	7.58%
Free Cash Flow Per Share	3.81	3.66	3.15	2.44	2.31	1.38
Cash Interest Paid	56	56	61	67	64	66
Cash Income Tax Paid	13	99	31	57	51	17
Levered Free Cash Flow	560	530.63	369.25	200.88	221.75	110.88
Unlevered Free Cash Flow	594.38	566.25	408.63	244	268.63	153.38
Change in Working Capital	-197	-127	-182	-39	-68	-127