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CONSOLIDATED STATEMENT OF CASH FLOWS - TRY (₺)
₺ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Profit for the year from      
Profit for the year from continuing operations ₺ 10,562,572 ₺ 6,036,486 [1] ₺ 6,416,898 [1]
Discontinued operations 1,969,674 842,370 [1] 718,727 [1]
Profit for the year 12,532,246 6,878,856 [1] 7,135,625 [1]
Adjustments for:      
Depreciation and impairment of property, plant and equipment and investment properties 11,971,461 15,034,317 14,171,912
Amortization of intangible assets and right-of-use assets 21,495,684 20,160,690 19,698,077
Impairment on property, plant and equipment and intangible asset (1,421) 391,616 32,204
Net finance expense 2,705,359 3,424,909 2,698,761
Fair value adjustments to derivatives (1,313,993) 2,427,062 (7,509,357)
Income tax expense (4,383,918) (2,661,572) 900,339
Gain on sale of property, plant and equipment 15,979 35,502 (98,440)
Effects of exchange rate changes and inflation adjustments 10,470,553 5,783,400 28,734,911
Provisions 4,699,380 2,757,078 4,088,441
Share of (profit)/loss of associates and joint ventures (1,525,175) (522,221) (191,303)
Fair value adjustments to financial assets through profit or loss (4,604,960) (1,738,728)  
Non-cash other adjustments 3,712 198,772 147,960
Cash flows from (used in) operations before changes in working capital 52,064,907 52,169,681 69,809,130
Change in trade receivables (139,488) 695,393 1,574,713
Change in due from related parties (39,338) 348,368 (410,728)
Change in receivables from financial services (572,122) (3,562) 1,479,545
Change in inventories (98,561) 260,863 19,578
Change in other current assets (1,243,350) (144,637) 104,128
Change in other non-current assets 785,975 (107,361) 317,001
Change in due to related parties (387,620) (319,013) 17,709
Change in trade and other payables 935,946 (1,758,712) (1,361,918)
Change in other non-current liabilities 42,319 43,561 1,207,414
Change in employee benefit obligations (564,023) (111,268) (169,308)
Change in short term contract asset (70,561) 86,892 388,238
Change in long term contract asset 9,206 72,230 289,169
Change in deferred revenue 129,985 (139,688) (98,232)
Change in short term contract liability (89,150) (106,319) 98,261
Change in long term contract liability 405,430 44,293 (7,448)
Changes in other working capital (1,528,600) (1,470,725) (3,280,191)
Cash generated from operations 49,640,955 49,559,996 69,977,061
Interest paid (7,356,137) (5,943,326) (6,053,353)
Income tax paid (563,330) (1,335,544) (2,276,959)
Net cash inflow from operating activities 41,721,488 42,281,126 61,646,749
Cash flows from investing activities:      
Acquisition of property, plant and equipment (14,216,712) (15,381,134) (18,058,499)
Acquisition of intangible assets (15,287,059) (11,152,761) (13,435,350)
Proceeds from sale of property, plant and equipment 338,387 1,160,686 683,346
Payment for acquisition of subsidiary, net of cash acquired     (234,680)
Payments for advances given for acquisition of property, plant and equipment   (1,744,603) (348,938)
Contribution of increase of share capital in joint ventures/associates (543,356) (1,014,279) (1,614,614)
Cash inflows from sale of shares or borrowing instruments of other enterprises or funds 15,307,389 2,158,111 2,295,452
Cash outflows from purchase of shares or borrowing instruments of other enterprises or funds (16,115,347) (3,560,647) (3,428,074)
Cash (outflows)/inflows from financial assets at amortized cost 14,043,065 (1,592) 789,278
Cash outflows from financial assets at fair value through profit or loss (10,257,554) (6,162,440)  
Interest received 5,825,402 3,986,591 4,342,451
Net cash outflow from investing activities (20,905,785) (31,712,068) (29,009,628)
Cash flows from financing activities:      
Proceeds from derivative instruments 7,749,663 5,961,522 5,987,453
Repayments of derivative instruments (4,756,730) (5,264,741) (5,715,348)
Proceeds from issues of loans and borrowings 62,689,793 53,139,280 43,150,810
Proceeds from issues of bonds 7,824,254 4,472,292 636,194
Repayments of borrowings (54,790,770) (44,653,449) (41,372,286)
Repayments of bonds (5,289,151) (3,564,408) (470,654)
Dividends paid to shareholders (2,484,979) (2,391,534) (8,962,728)
Acquisition of treasury shares (50,755)   (858)
Payments of lease liabilities (4,121,990) (4,310,581) (3,129,580)
Net cash outflow from financing activities 6,769,335 3,388,381 (9,876,997)
Net increase in cash and cash equivalents 27,585,038 13,957,439 22,760,124
Cash and cash equivalents at 1 January 42,742,204 50,398,771 43,662,519
Effects of exchange rate changes and inflation adjustments on cash and cash equivalents (16,502,367) (21,614,006) 15,807,882
Cash and cash equivalents at 31 December ₺ 53,824,875 ₺ 42,742,204 ₺ 50,398,771
[1] Please refer to Note 2 (b) Restatement of financial statements during the hyperinflationary periods and Note 41 Discontinued operations