TLV:SPEN 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	235	178	158	383	436
Depreciation & Amortization	325	291	264	201	141
Loss (Gain) From Sale of Assets	-11	-94	-11	-5	-1
Asset Writedown & Restructuring Costs	-107	-83	-95	-111	-161
Loss (Gain) From Sale of Investments	-	-3	-	-22	-10
Loss (Gain) on Equity Investments	15	49	22	-27	-5
Stock-Based Compensation	20	23	22	21	20
Other Operating Activities	282	301	262	149	118
Change in Accounts Receivable	-42	-339	189	-343	282
Change in Inventory	-554	-44	-20	-879	-156
Change in Accounts Payable	106	39	-250	216	23
Change in Unearned Revenue	79	-120	182	-16	-32
Change in Other Net Operating Assets	150	-15	-164	-49	-130
Operating Cash Flow	498	183	559	-482	524
Operating Cash Flow Growth	172.13%	-67.26%	-	-	3.15%
Capital Expenditures	-295	-223	-221	-209	-185
Sale of Property, Plant & Equipment	47	25	58	42	57
Cash Acquisitions	-94	-27	-26	-130	-697
Divestitures	-	-1	-	-	-
Sale (Purchase) of Intangibles	-23	-30	-48	-6	-
Sale (Purchase) of Real Estate	-372	-228	-160	-527	-69
Investment in Securities	-57	293	127	-32	-20
Other Investing Activities	9	30	6	4	3
Investing Cash Flow	-790	-254	-269	-845	-896
Short-Term Debt Issued	38	322	104	145	-
Long-Term Debt Issued	1,669	623	607	1,865	1,456
Total Debt Issued	1,707	945	711	2,010	1,456
Short-Term Debt Repaid	-	-	-	-	-360
Long-Term Debt Repaid	-989	-610	-488	-371	-322
Total Debt Repaid	-989	-610	-488	-371	-682
Net Debt Issued (Repaid)	718	335	223	1,639	774
Repurchase of Common Stock	-	-	-	-2	-
Common Dividends Paid	-80	-	-70	-70	-70
Other Financing Activities	-411	-406	-388	-264	-176
Financing Cash Flow	227	-71	-235	1,303	528
Net Cash Flow	-65	-142	55	-24	156
Free Cash Flow	203	-40	338	-691	339
Free Cash Flow Growth	-	-	-	-	5.61%
Free Cash Flow Margin	3.34%	-0.79%	6.49%	-15.19%	8.71%
Free Cash Flow Per Share	0.56	-0.11	0.94	-1.92	0.94
Cash Interest Paid	410	398	388	257	176
Cash Income Tax Paid	105	75	69	94	126
Levered Free Cash Flow	-71.88	-795.13	5.13	-50.13	1,227
Unlevered Free Cash Flow	270.63	-445.75	347	231.75	1,379
Change in Working Capital	-261	-479	-63	-1,071	-13

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