IST:PSGYO 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	2,898	3,098	1,457	6,127	29.09	Upgrade
Depreciation & Amortization	31.82	32.4	22.28	17.91	2.12	Upgrade
Asset Writedown	-10.72	-22.89	-89.53	-4,601	-2.44	Upgrade
Change in Accounts Receivable	628.87	1,985	-3,659	-997.1	40.31	Upgrade
Change in Accounts Payable	-2.21	-1,854	2,145	2,126	82.3	Upgrade
Change in Other Net Operating Assets	4,014	-831.63	-10,447	896.86	-603.71	Upgrade
Other Operating Activities	793.99	2,996	-1.19	-26.6	8.11	Upgrade
Operating Cash Flow	-1,431	-2,128	-6,564	2,375	-1,087	Upgrade
Acquisition of Real Estate Assets	-36.45	-11.63	-116.54	-3,572	-0.83	Upgrade
Sale of Real Estate Assets	-	24.81	-	-	0.29	Upgrade
Net Sale / Acq. of Real Estate Assets	-36.45	13.19	-116.54	-3,572	-0.54	Upgrade
Cash Acquisition	117.69	-	-	-	-0.01	Upgrade
Investment in Marketable & Equity Securities	4.13	19.17	1,041	604.52	-465	Upgrade
Other Investing Activities	2,260	507.03	362.29	78.52	6.21	Upgrade
Investing Cash Flow	2,343	539.32	1,285	-2,889	-459.34	Upgrade
Long-Term Debt Issued	-	4,258	4,310	187.58	441.55	Upgrade
Long-Term Debt Repaid	-1,396	-	-	-	-	Upgrade
Net Debt Issued (Repaid)	-1,396	4,258	4,310	187.58	441.55	Upgrade
Issuance of Common Stock	5,064	-	1,142	-	1,281	Upgrade
Repurchase of Common Stock	-	-33.77	-	-	-	Upgrade
Common Dividends Paid	-	-	-72.19	-	-	Upgrade
Other Financing Activities	-2,772	-2,612	-367.14	-42.6	66.04	Upgrade
Miscellaneous Cash Flow Adjustments	53.25	-5.65	-	-	-	Upgrade
Net Cash Flow	1,861	18.3	-265.95	-369.14	242.97	Upgrade
Cash Interest Paid	2,772	2,612	368.48	42.6	0.17	Upgrade
Cash Income Tax Paid	-	-	-	-	0.95	Upgrade
Levered Free Cash Flow	-3,376	-10,087	-7,014	-3,037	-1,186	Upgrade
Unlevered Free Cash Flow	-1,589	-8,417	-6,783	-3,010	-1,186	Upgrade
Change in Working Capital	-5,143	-8,232	-7,953	857.74	-1,123	Upgrade

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