Michlol Finance Ltd (TLV:MCLL)

Michlol Finance Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	50.68	50.93	41.03	26.44	5.95	-1.74
Depreciation & Amortization	1.97	1.99	1.99	1.79	0.83	0.23
Stock-Based Compensation	1.25	1.42	3.28	5.66	10.78	8.87
Other Operating Activities	1.35	1.02	-3.08	4.93	0.02	-1.38
Change in Accounts Receivable	-1.86	-1.69	0.75	-0.1	-1.56	0.09
Change in Accounts Payable	5.03	-0.37	-2.57	12.45	10.99	9.62
Change in Income Taxes	-2.22	0.65	1.21	4.03	6.14	-
Change in Other Net Operating Assets	-266.31	-239.81	20.66	-201.54	-130.22	-19.98
Operating Cash Flow	-211.4	-187.66	64.65	-146.3	-96.89	-4.29
Capital Expenditures	-0.28	-0.22	-0.3	-0.34	-0.77	-0.1
Investment in Securities	6.68	6.68	-	-2.5	-6.5	-
Investing Cash Flow	6.4	6.46	-0.3	-2.84	-7.27	-0.1
Long-Term Debt Issued	-	231.43	-	155.12	-	-
Total Debt Issued	231.43	231.43	-	155.12	-	-
Long-Term Debt Repaid	-	-47.34	-39.57	-0.74	-0.42	-0.2
Net Debt Issued (Repaid)	184.11	184.09	-39.57	154.37	-0.42	-0.2
Issuance of Common Stock	-	-	15.1	-	106.12	7.53
Common Dividends Paid	-5	-5	-	-	-	-
Financing Cash Flow	179.11	179.09	-24.46	154.37	105.7	7.33
Net Cash Flow	-25.9	-2.11	39.89	5.24	1.54	2.95
Free Cash Flow	-211.68	-187.88	64.35	-146.64	-97.66	-4.39
Free Cash Flow Margin	-105.16%	-91.76%	35.26%	-148.88%	-242.67%	-26.84%
Free Cash Flow Per Share	-4.86	-4.32	1.52	-3.58	-3.22	-0.20
Cash Interest Paid	87.98	92.46	81.12	20.3	10.52	5.87
Cash Income Tax Paid	20.57	18.07	7.58	2.83	0.14	0.18
Levered Free Cash Flow	-262.98	-180.98	-306.57	80.08	-139.89	-122.45
Unlevered Free Cash Flow	-205.57	-122.59	-254.48	96.24	-133.36	-112.71
Change in Net Working Capital	313.4	231.63	345.72	-45.68	158.34	129.64

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