IST:ERSU Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Sep '25 Sep 30, 2025	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	2019 - 2015
Net Income	-80.8	-6.11	-11.07	-39.31	0.55	0.54	Upgrade
Depreciation & Amortization	33.62	-26.53	29.95	5.03	2.77	2.52	Upgrade
Asset Writedown & Restructuring Costs	-0.12	-0.12	0.06	-	-	-4.47	Upgrade
Provision & Write-off of Bad Debts	-0.69	-0.69	0.83	-	-	-	Upgrade
Other Operating Activities	46.25	37.24	-25.73	22.1	-2.91	-1.95	Upgrade
Change in Accounts Receivable	52.87	9.3	-10.88	-2.82	4.32	1.67	Upgrade
Change in Inventory	29.06	-21.7	34.86	-2.91	-6.94	-1.01	Upgrade
Change in Accounts Payable	-34.5	-	-	17.17	-0.17	1.45	Upgrade
Change in Unearned Revenue	-0.11	-0.42	-3.67	8.09	2.72	0.01	Upgrade
Change in Other Net Operating Assets	-10.19	-13.56	-12.95	-4.16	-0.41	1.29	Upgrade
Operating Cash Flow	35.55	-22.59	1.38	3.22	-0.06	0.05	Upgrade
Operating Cash Flow Growth	-	-	-57.08%	-	-	-	Upgrade
Capital Expenditures	-8.46	-5.55	-2.71	-0.82	-0.27	-	Upgrade
Sale of Property, Plant & Equipment	-39.95	120	-	-	0.14	-	Upgrade
Investing Cash Flow	-48.41	114.45	-2.71	-0.82	-0.13	-	Upgrade
Miscellaneous Cash Flow Adjustments	-23.5	-0.28	-1.46	-	-	-	Upgrade
Net Cash Flow	-36.36	91.57	-2.79	2.4	-0.19	0.05	Upgrade
Free Cash Flow	27.09	-28.15	-1.33	2.4	-0.33	0.05	Upgrade
Free Cash Flow Margin	21.15%	-23.39%	-1.14%	1.95%	-1.34%	0.30%	Upgrade
Free Cash Flow Per Share	0.75	-0.78	-0.04	0.07	-0.01	0.00	Upgrade
Cash Income Tax Paid	-	4.32	-0.28	6.72	0.18	0.04	Upgrade
Levered Free Cash Flow	-2.02	-49.96	0.51	-18.39	0.26	2.4	Upgrade
Unlevered Free Cash Flow	7.7	-49.84	0.86	-17.96	0.63	2.66	Upgrade
Change in Working Capital	37.13	-26.38	7.36	15.39	-0.47	3.42	Upgrade

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