TLV:MLRN Cash Flow Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
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 - 2016
Net Income	57.14	37.03	-14.8	43.55	29.8	Upgrade
Depreciation & Amortization	3.51	3.61	4.28	4.05	1.18	Upgrade
Loss (Gain) From Sale of Investments	-	-	-	0.23	0.45	Upgrade
Asset Writedown & Restructuring Costs	-	-	43.08	23.61	-	Upgrade
Stock-Based Compensation	1.43	1.04	-0.5	3.02	0.55	Upgrade
Change in Other Net Operating Assets	-137.39	-93.82	229.51	-218	-345.55	Upgrade
Other Operating Activities	7.63	7.17	-27.82	-7.79	4.49	Upgrade
Operating Cash Flow	-67.67	-44.97	246.92	-151.33	-309.07	Upgrade
Capital Expenditures	-0.11	-0.3	-1.49	-2.31	-0.95	Upgrade
Sale of Property, Plant & Equipment	-	-	-	0.07	0.09	Upgrade
Cash Acquisitions	-	-	-	-	-29.91	Upgrade
Sale (Purchase) of Intangibles	-2.28	-0.86	-0.83	-0.23	-1	Upgrade
Other Investing Activities	-	-	-11.4	-	4	Upgrade
Investing Cash Flow	-2.38	-1.16	-13.72	-2.47	-27.76	Upgrade
Long-Term Debt Issued	296.19	196.67	-	193.71	395.19	Upgrade
Total Debt Issued	296.19	196.67	-	193.71	395.19	Upgrade
Long-Term Debt Repaid	-195.14	-161.52	-216.68	-87.24	-82.3	Upgrade
Total Debt Repaid	-195.14	-161.52	-216.68	-87.24	-82.3	Upgrade
Net Debt Issued (Repaid)	101.05	35.15	-216.68	106.47	312.9	Upgrade
Issuance of Common Stock	-	-	-	29.53	43.44	Upgrade
Common Dividends Paid	-32.71	-5.4	-6	-17	-11.63	Upgrade
Other Financing Activities	-	-	-	-	2.57	Upgrade
Financing Cash Flow	68.35	29.75	-222.68	119	347.28	Upgrade
Foreign Exchange Rate Adjustments	-	-	0.11	0.09	-	Upgrade
Net Cash Flow	-1.71	-16.38	10.64	-34.7	10.44	Upgrade
Free Cash Flow	-67.78	-45.27	245.43	-153.63	-310.02	Upgrade
Free Cash Flow Margin	-60.05%	-52.17%	281.44%	-163.97%	-504.30%	Upgrade
Free Cash Flow Per Share	-2.15	-1.45	8.09	-5.15	-12.36	Upgrade
Cash Interest Paid	49.15	27.27	50.17	28.11	17.77	Upgrade
Cash Income Tax Paid	14	11.7	13.46	21.83	6.02	Upgrade

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