IST:FZLGY 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	2020
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	2020
Net Income	-425.35	-340.02	355.61	604.62	292.55	Upgrade
Depreciation & Amortization	3.84	7.57	8.24	7.01	19.25	Upgrade
Gain (Loss) on Sale of Assets	-	2.48	-133.87	-	-	Upgrade
Asset Writedown	259.95	-9.67	203.66	-646.6	-	Upgrade
Change in Accounts Receivable	512.19	606.33	-499.64	1,899	-754.7	Upgrade
Change in Accounts Payable	400.16	-185.5	-329.88	481.14	24.62	Upgrade
Change in Other Net Operating Assets	443.78	-210.15	-324.69	230.83	-379.52	Upgrade
Other Operating Activities	-387.65	-108.8	-219.58	5.61	82.87	Upgrade
Operating Cash Flow	-1,000	-270.47	-1,069	-1,312	563.78	Upgrade
Operating Cash Flow Growth	-	-	-	-	1533.50%	Upgrade
Acquisition of Real Estate Assets	-52.9	-3.37	-6.18	-126.25	-421.01	Upgrade
Sale of Real Estate Assets	10.87	1,088	88.51	747.62	3.05	Upgrade
Net Sale / Acq. of Real Estate Assets	-42.03	1,084	82.33	621.37	-417.96	Upgrade
Cash Acquisition	-	-	-	278.59	-	Upgrade
Other Investing Activities	-	-	-	-	-95.9	Upgrade
Investing Cash Flow	-42.63	1,084	82.33	704.56	-419.07	Upgrade
Long-Term Debt Issued	1,177	392.68	506.23	-	143.21	Upgrade
Long-Term Debt Repaid	-497.2	-614.02	-294.31	-481.84	-	Upgrade
Net Debt Issued (Repaid)	679.85	-221.34	211.92	-481.84	143.21	Upgrade
Issuance of Common Stock	-	-	975.78	135.73	371.27	Upgrade
Common Dividends Paid	-	-227.63	-85.1	-	-	Upgrade
Other Financing Activities	-	-	-	-	-360.1	Upgrade
Miscellaneous Cash Flow Adjustments	-19.71	-46.4	-23.25	-	-	Upgrade
Net Cash Flow	-382.81	318.6	92.32	-953.44	299.08	Upgrade
Cash Income Tax Paid	406.35	8.9	240.43	15.61	-	Upgrade
Levered Free Cash Flow	-3,078	-3,349	-3,002	-2,058	248.94	Upgrade
Unlevered Free Cash Flow	-2,839	-3,227	-2,862	-2,005	261.66	Upgrade
Change in Working Capital	-451.12	177.96	-1,283	-1,283	169.11	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.