IST:IZFAS Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	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	2015 - 2019
Net Income	12.05	-37.81	-10.97	4.76	2.41	Upgrade
Depreciation & Amortization	12.62	10.67	4.09	1.12	0.64	Upgrade
Asset Writedown & Restructuring Costs	-	-	-	-0.11	-	Upgrade
Provision & Write-off of Bad Debts	1.78	1.03	-0.81	-1.57	-0.52	Upgrade
Other Operating Activities	26.85	3.37	-7.16	17.14	2.71	Upgrade
Change in Accounts Receivable	-16.34	-43.31	-26.65	-16.98	-4.35	Upgrade
Change in Inventory	-30.55	53.42	-12.51	-12.24	-1.15	Upgrade
Change in Accounts Payable	-0.8	5.44	5.48	11.87	1.61	Upgrade
Change in Unearned Revenue	23.89	11.93	13.75	0.05	1.23	Upgrade
Change in Other Net Operating Assets	-14.3	-3.02	-12.47	6.92	-3.46	Upgrade
Operating Cash Flow	15.21	1.72	-47.24	17.66	-7.58	Upgrade
Operating Cash Flow Growth	784.76%	-	-	-	-	Upgrade
Capital Expenditures	-6.62	-30.88	-4.64	-15.91	-1.06	Upgrade
Sale of Property, Plant & Equipment	-	1.4	1.82	3.06	0.05	Upgrade
Sale (Purchase) of Intangibles	-	-	-0.02	-	-0.13	Upgrade
Investing Cash Flow	-6.62	-29.48	-2.83	-12.85	-1.13	Upgrade
Long-Term Debt Issued	84.76	99.97	40.52	45.43	9.21	Upgrade
Long-Term Debt Repaid	-76.75	-54.68	-67.37	-47.67	-	Upgrade
Net Debt Issued (Repaid)	8	45.28	-26.85	-2.24	9.21	Upgrade
Issuance of Common Stock	-	-	74.8	-	-	Upgrade
Repurchase of Common Stock	-	-0.86	-	-	-	Upgrade
Other Financing Activities	-15.92	-16.66	3.03	-1.84	-2.67	Upgrade
Financing Cash Flow	-7.92	27.76	50.99	-4.08	6.54	Upgrade
Miscellaneous Cash Flow Adjustments	-0.97	-2.04	-	-	-	Upgrade
Net Cash Flow	-0.3	-2.04	0.92	0.73	-2.17	Upgrade
Free Cash Flow	8.59	-29.16	-51.88	1.75	-8.64	Upgrade
Free Cash Flow Margin	2.42%	-6.41%	-17.07%	1.87%	-16.91%	Upgrade
Free Cash Flow Per Share	0.14	-0.49	-0.88	0.10	-0.51	Upgrade
Cash Interest Paid	15.92	16.66	-	-	5.5	Upgrade
Cash Income Tax Paid	0.31	1.06	-1.23	-0.07	0.38	Upgrade
Levered Free Cash Flow	30.37	-26.08	-63.46	-17.72	-4.41	Upgrade
Unlevered Free Cash Flow	40.32	-15.67	-59.45	-15.19	-3.52	Upgrade
Change in Net Working Capital	8.6	19.75	88.73	15.99	6.23	Upgrade

Updated Mar 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.