IST:ALTNY Cash Flow Statement

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

Millions TRY. 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	163.43	398.48	582.1	94.6	23.17
Depreciation & Amortization	203.14	124.54	36.79	16.05	10.41
Other Amortization	70.51	66.2	50.3	30.64	24.99
Provision & Write-off of Bad Debts	-0.24	-	7.58	0.72	4.69
Other Operating Activities	466.32	392.67	-185.2	198.58	55.29
Change in Accounts Receivable	-431.83	-905.07	-377.58	-216.04	-88.81
Change in Inventory	-830.79	-694.59	-85.45	-50.47	-34.21
Change in Accounts Payable	189.75	326.5	267.44	57.3	41.89
Change in Other Net Operating Assets	-105.55	109.01	-102.92	43.4	153.14
Operating Cash Flow	-275.25	-182.26	193.05	174.79	190.56
Operating Cash Flow Growth	-	-	10.45%	-8.28%	-
Capital Expenditures	-362.25	-471.04	-400.28	-131.61	-11.88
Sale (Purchase) of Intangibles	-4.48	-5.04	-7.79	-250.91	-6.2
Investment in Securities	118.03	-233.12	-4.63	-0.66	-
Other Investing Activities	-807.46	-626.88	-25.71	66.03	-196.41
Investing Cash Flow	-1,056	-1,336	-438.41	-317.15	-214.48
Long-Term Debt Issued	1,156	704.71	369.77	-	175.1
Long-Term Debt Repaid	-19.51	-	-4.05	-16.1	-2.3
Net Debt Issued (Repaid)	1,137	704.71	365.72	-16.1	172.8
Issuance of Common Stock	-	1,665	564.48	-	405.26
Other Financing Activities	-128.91	-109.76	-579.65	-6.31	-5.23
Financing Cash Flow	1,008	2,260	350.55	-22.41	572.83
Miscellaneous Cash Flow Adjustments	-196.25	-80.09	-34.14	-350.85	-20.13
Net Cash Flow	-519.68	661.43	71.06	-515.62	528.79
Free Cash Flow	-637.5	-653.3	-207.23	43.18	178.68
Free Cash Flow Growth	-	-	-	-75.83%	-
Free Cash Flow Margin	-20.30%	-28.25%	-12.11%	7.33%	68.03%
Free Cash Flow Per Share	-0.63	-0.69	-0.41	-	-
Cash Interest Paid	128.91	109.76	15.17	6.31	5.23
Cash Income Tax Paid	-7.25	8.16	11.85	0.39	0.64
Levered Free Cash Flow	-754.83	-1,094	-205.22	-397.01	-
Unlevered Free Cash Flow	-672.91	-1,024	-195.61	-392.94	-
Change in Working Capital	-1,178	-1,164	-298.52	-165.8	72.02

Source: S&P Capital IQ. Standard template. Financial Sources.