TLV:TASE 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	154.75	101.39	83.21	50.84	45.47	36.9
Depreciation & Amortization	30.68	26.97	26.43	27.77	25.99	25.71
Other Amortization	29	29	25.98	23.56	21.63	18.8
Loss (Gain) From Sale of Assets	1.02	0.14	0.69	0.13	0.26	0.59
Loss (Gain) From Sale of Investments	-3.03	-3.03	-4.07	15.02	-5.22	-0.22
Stock-Based Compensation	3.69	5.77	6.14	0.53	0.74	1.28
Other Operating Activities	10.6	8.5	10.74	8.72	3.75	5.68
Change in Accounts Receivable	-2.28	-0.94	-9.13	-0.53	-5	2.51
Change in Accounts Payable	9.73	-0.8	1.21	-2.32	5.72	-2.67
Change in Unearned Revenue	16.92	5.03	-1.08	-4.16	11.32	6.41
Change in Other Net Operating Assets	6.24	-6.84	20.15	0.01	1.73	0.44
Operating Cash Flow	257.31	165.21	160.27	119.58	106.38	95.43
Operating Cash Flow Growth	64.27%	3.08%	34.03%	12.41%	11.48%	17.63%
Capital Expenditures	-48.2	-35.01	-29.73	-33.59	-22.19	-26.73
Sale of Property, Plant & Equipment	-	-	-	-	0.02	-
Sale (Purchase) of Intangibles	-16.07	-19.95	-20.84	-14.67	-13.46	-11.16
Investment in Securities	-0.55	-0.73	107.59	-4.63	-4.59	-4.21
Investing Cash Flow	-64.82	-55.68	57.02	-52.89	-40.22	-42.1
Long-Term Debt Issued	-	-	150	-	-	-
Long-Term Debt Repaid	-	-59.47	-8.85	-8.82	-9.13	-9.93
Net Debt Issued (Repaid)	-20.66	-59.47	141.15	-8.82	-9.13	-9.93
Repurchase of Common Stock	-202.57	-	-155.26	-31.32	-	-
Common Dividends Paid	-50.7	-272.72	-	-22.74	-18.45	-8.77
Other Financing Activities	10.07	252.52	12.75	8.22	-0.8	3.72
Financing Cash Flow	-263.86	-79.67	-1.35	-54.65	-28.38	-14.98
Foreign Exchange Rate Adjustments	-1.35	-0.05	0.12	0.6	-0.17	-0.13
Net Cash Flow	-72.72	29.8	216.07	12.65	37.61	38.23
Free Cash Flow	209.11	130.2	130.54	85.99	84.19	68.7
Free Cash Flow Growth	63.62%	-0.27%	51.81%	2.14%	22.55%	16.69%
Free Cash Flow Margin	39.48%	29.73%	33.48%	23.82%	26.01%	22.58%
Free Cash Flow Per Share	2.20	1.35	1.32	0.83	0.81	0.67
Cash Interest Paid	7.28	8.7	0.57	0.42	0.73	0.72
Cash Income Tax Paid	39.81	26.53	18.46	13.5	13.99	10.69
Levered Free Cash Flow	146.15	-150.18	327.77	67.6	58.55	44.97
Unlevered Free Cash Flow	152.29	-144.29	328	67.8	58.81	45.24
Change in Working Capital	30.61	-3.55	11.16	-6.99	13.76	6.69

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