Turkcell Iletisim Hizmetleri A.S. (TKC)

TKC Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	18,598	17,791	14,512	19,961	8,715	7,136
Depreciation & Amortization	60,517	63,349	62,077	63,247	50,814	33,870
Other Adjustments	43,765	46,956	31,836	15,185	15,792	29,522
Change in Receivables	-5,092	-2,332	710.8	-1,419	1,502	2,644
Changes in Inventories	116.95	-14.94	190.4	-186.26	376.63	19.58
Changes in Accounts Payable	7,710	4,035	-303.1	1,769	-2,539	-1,362
Changes in Accrued Expenses	-5,108	-118.19	-579.36	-1,718	-558.34	1,056
Changes in Income Taxes Payable	-9,096	-9,026	-2,816	-1,065	-1,928	-2,277
Changes in Unearned Revenue	573.3	238.61	209.05	843.36	-291.23	-7.42
Changes in Other Operating Activities	-35,844	-24,260	-23,038	-17,771	-10,838	-8,235
Operating Cash Flow	91,504	96,620	82,799	78,846	61,045	61,647
Operating Cash Flow Growth	-1.15%	16.69%	5.01%	29.16%	-0.98%	193.55%
Capital Expenditures	-45,694	-44,086	-40,142	-26,867	-24,726	-18,407
Sale of Property, Plant & Equipment	832.97	815.64	2,498	639.49	1,676	683.35
Purchases of Intangible Assets	-49,891	-27,808	-26,481	-28,890	-16,102	-13,435
Purchases of Investments	-133,655	-108,053	-87,555	-49,840	-14,040	-3,428
Proceeds from Sale of Investments	104,216	86,184	70,695	55,467	3,116	3,085
Payments for Business Acquisitions	-	-	-0.09	-1,027	-1,464	-1,849
Proceeds from Business Divestments	528.04	528.04	17,958	-	-	-
Other Investing Activities	12,389	17,482	14,466	11,009	5,756	4,342
Investing Cash Flow	-110,536	-74,939	-48,561	-39,508	-45,786	-29,010
Long-Term Debt Issued	53,544	142,107	86,785	133,258	83,179	43,787
Long-Term Debt Repaid	-97,164	-125,970	-81,557	-113,539	-69,616	-41,843
Net Long-Term Debt Issued (Repaid)	-43,619	16,138	5,228	19,719	13,563	1,944
Repurchase of Common Stock	-231.07	-257.58	-429.32	-95.92	-	-0.86
Net Common Stock Issued (Repurchased)	-231.07	-257.58	-429.32	-95.92	-	-0.86
Common Dividends Paid	-8,986	-8,986	-9,574	-4,696	-3,453	-8,963
Other Financing Activities	-14,770	-8,425	-8,031	-2,134	-5,218	-2,857
Financing Cash Flow	16,970	-1,531	-12,807	12,793	4,892	-9,877
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-42,383	-18,245	-33,287	-31,186	-31,206	15,808
Net Cash Flow	-16,812	20,150	21,431	52,130	20,152	22,760
Free Cash Flow	45,810	52,534	42,657	51,979	36,319	43,239
Free Cash Flow Growth	-12.80%	23.16%	-17.93%	43.12%	-16.00%	277.31%
FCF Margin	18.24%	21.76%	19.55%	25.68%	26.91%	39.82%
Free Cash Flow Per Share	52.63	60.29	48.90	59.55	41.59	49.52
Levered Free Cash Flow	-52,032	23,860	31,617	61,695	33,806	13,736
Unlevered Free Cash Flow	-20,647	11,973	13,712	44,743	18,226	15,269

Updated May 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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