TLV:TASE 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	181.03	101.39	83.21	50.84	45.47
Depreciation & Amortization	28.33	26.97	26.43	27.77	25.99
Other Amortization	32.17	29	25.98	23.56	21.63
Loss (Gain) From Sale of Assets	1	0.14	0.69	0.13	0.26
Loss (Gain) From Sale of Investments	-5.11	-3.03	-4.07	15.02	-5.22
Stock-Based Compensation	3.29	5.77	6.14	0.53	0.74
Other Operating Activities	16.99	8.5	10.74	8.72	3.75
Change in Accounts Receivable	0.93	-0.94	-9.13	-0.53	-5
Change in Accounts Payable	7.82	-0.8	1.21	-2.32	5.72
Change in Unearned Revenue	16.54	5.03	-1.08	-4.16	11.32
Change in Other Net Operating Assets	6.83	-6.84	20.15	0.01	1.73
Operating Cash Flow	289.82	165.21	160.27	119.58	106.38
Operating Cash Flow Growth	75.43%	3.08%	34.03%	12.41%	11.48%
Capital Expenditures	-41.73	-35.01	-29.73	-33.59	-22.19
Sale of Property, Plant & Equipment	-	-	-	-	0.02
Sale (Purchase) of Intangibles	-15.7	-19.95	-20.84	-14.67	-13.46
Investment in Securities	-25.93	-0.73	107.59	-4.63	-4.59
Investing Cash Flow	-83.37	-55.68	57.02	-52.89	-40.22
Long-Term Debt Issued	130	-	150	-	-
Long-Term Debt Repaid	-148.84	-59.47	-8.85	-8.82	-9.13
Net Debt Issued (Repaid)	-18.84	-59.47	141.15	-8.82	-9.13
Repurchase of Common Stock	-202.57	-	-155.26	-31.32	-
Common Dividends Paid	-50.7	-272.72	-	-22.74	-18.45
Other Financing Activities	-	252.52	12.75	8.22	-0.8
Financing Cash Flow	-272.11	-79.67	-1.35	-54.65	-28.38
Foreign Exchange Rate Adjustments	-1.66	-0.05	0.12	0.6	-0.17
Net Cash Flow	-67.31	29.8	216.07	12.65	37.61
Free Cash Flow	248.09	130.2	130.54	85.99	84.19
Free Cash Flow Growth	90.55%	-0.27%	51.81%	2.14%	22.55%
Free Cash Flow Margin	44.02%	29.73%	33.48%	23.82%	26.01%
Free Cash Flow Per Share	2.64	1.35	1.32	0.83	0.81
Cash Interest Paid	7.19	8.7	0.57	0.42	0.73
Cash Income Tax Paid	41.79	26.53	18.46	13.5	13.99
Levered Free Cash Flow	199.02	-150.18	327.77	67.6	58.55
Unlevered Free Cash Flow	204.16	-144.29	328	67.8	58.81
Change in Working Capital	32.12	-3.55	11.16	-6.99	13.76

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