D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -2.35B | 1.47B | 37.42M | 3.85B | -30.23M | -9.51M | 30.34M | -27.89M | 25.24M | 102.09M | 63.33M | -33.23M | -9.6M | 66.4M | 24.13M | 430.49M | -100.82M | 44.87M | -89.73M | 749.45M |
| Operating CF Margin % | -10.16% | 4.83% | 0.19% | 23.01% | -0.21% | -0.05% | 0.25% | -0.2% | 0.16% | 0.73% | 0.53% | -0.33% | -0.12% | 0.4% | 0.46% | 10.43% | -3.99% | 1.63% | -2.92% | 23.54% |
| Operating CF Growth % | -7674.7% | 15500.23% | 23.31% | 13913.7% | -219.74% | -109.32% | -52.09% | 16.09% | 363.02% | 53.75% | 162.48% | -107.72% | 90.48% | 47.98% | 126.89% | -42.56% | 17.68% | -82.64% | - | - |
| Net Income | -991.97M | -3.13B | -32.47M | -745.15M | -9.79M | -20.96M | -9.17M | -11.88M | -4.22M | -22.58M | -7.13M | 41.93M | -10.21M | -29.34M | -31.84M | -861.32M | -17.17M | 639.71M | -91.08M | -324.06M |
| Depreciation & Amortization | 862.59M | 813.44M | 18.73M | 744.89M | 18.12M | 19.08M | 14.18M | 12.94M | 12.51M | 12.43M | 9.4M | 9.75M | 9.42M | 9.59M | 5.52M | 148.46M | 2.1M | 44.85M | 4.36M | 31.67M |
| Stock-Based Compensation | 43.24M | 0 | 0 | 25.54M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.18M |
| Deferred Taxes | 30.75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.39B | 1.63B | 2.11M | 2.43B | 29.81M | -9.18M | 17.24M | 24.89M | 31.27M | 72.62M | 80.01M | -39.09M | 29.56M | 14.08M | 10.93M | 672.16M | -9.03M | -870.46M | -3.86M | 878.53M |
| Working Capital Changes | -3.68B | 2.15B | 49.04M | 1.39B | -68.37M | 1.55M | 8.09M | -53.84M | -14.32M | 39.61M | -18.95M | -45.83M | -38.37M | 72.06M | 39.51M | 471.18M | -76.72M | 230.77M | 848.11K | 155.13M |
| Change in Receivables | 2.05B | -1.12B | 18.33M | -631.36M | 9.86M | -30.37M | -11.09M | 10.86M | -7.2M | -31.83M | -32.45M | -3.37M | 10.44M | -9.69M | -3.37M | 241.03M | -7.22M | 68.47M | -33.85M | -22.24M |
| Change in Inventory | 1.55B | 1.44B | -43.46M | -227.03M | -14.14M | 48.55M | -29.54M | -14.79M | -14.97M | 7.24M | -28.66M | -29.25M | 2.01M | 34.42M | 14.43M | 208.01M | -21.42M | -713.1M | -39.16M | 127.2M |
| Change in Payables | -6.28B | 1.98B | 87.84M | 2.2B | -26.75M | -29.48M | 48.13M | -22.02M | -3.5M | 40.51M | 37.4M | 9.14M | -43.81M | 45.16M | 13.77M | 44.69M | -39.02M | 1.09B | 61.19M | 0 |
| Cash from Investing | -558.56M | -727.19M | -13.86M | -608.93M | 39.98M | 71.55M | -28.47M | 24.41M | -92.78M | -65.22M | -15.43M | -27.25M | -7.69M | 38.91M | 32.17M | -240.62M | -9.07M | -958.84M | -6.76M | -44.05M |
| Capital Expenditures | -726.19M | -717.94M | -15.36M | -508.98M | -16.43M | -19.76M | -13.4M | -13.95M | -13.86M | -13.82M | -13.66M | -8.92M | -11.39M | -14.78M | -13.52M | -303.53M | -8.55M | -76.75M | -6.8M | -44.74M |
| CapEx % of Revenue | 3.14% | 2.37% | 0.08% | 3.04% | 0.11% | 0.1% | 0.11% | 0.1% | 0.09% | 0.1% | 0.11% | 0.09% | 0.15% | 0.09% | 0.26% | 7.36% | 0.34% | 2.78% | 0.22% | 1.41% |
| Acquisitions | 0 | -1.79M | 33.91K | 0 | 37.48K | 5.76K | 272.12K | 77.14K | 93.45K | -239.71K | 494.56K | 6.38K | 51.84K | 245 | 3.3K | -334K | -244.83K | 0 | 46.69K | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -9.77M | 5.57M | -129.65K | 1.02B | 0 | 43.75M | 0 | 0 | 0 | -9.19M | 4.57M | 1.95M | 2.67M | 0 | 0 | 78.67M | 0 | -882.08M | 0 | 682.62K |
| Cash from Financing | -629.76M | 3.54B | -14.67M | -2.84B | -12.34M | 12.79M | 12.23M | 2.45M | 1.68M | -7.52M | 3.16M | 80.19K | -2.26M | -10.92M | -16.78M | -194.14M | -2.58M | -167.71M | 496.92M | -391.53M |
| Debt Issued (Net) | -617.55M | 0 | 0 | -610.44M | -6.13M | 18.34M | 16M | 4.94M | 4.15M | -1.41M | 6.5M | 2.61M | 485.83K | -2.68M | -15.66M | 68.09M | -1.18M | 27.75M | -3.2M | -25.12M |
| Equity Issued (Net) | 0 | 4.53B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8.8M | 503.31M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -12.21M | -993.45M | -14.67M | -2.23B | -6.21M | -5.56M | -3.78M | -2.5M | -2.47M | -4.12M | -3.34M | -2.53M | -2.75M | -8.23M | -1.12M | -262.23M | -1.4M | -186.65M | -3.19M | -366.41M |
| Net Change in Cash | -3.77B | 3.69B | 551.1K | 404.13M | -14.67M | 66.79M | 12.29M | 2.35M | -78.59M | -21.49M | 23.11M | -74.12M | -22.66M | 95.57M | 27.45M | 344.09M | -128.75M | -223.88M | 375.12M | 317.25M |
| Free Cash Flow | -3.09B | 747.12M | 22.06M | 3.34B | -46.65M | -29.27M | 16.94M | -41.83M | 11.38M | 88.26M | 49.67M | -42.15M | -20.99M | 51.62M | 10.61M | 126.96M | -109.37M | -31.89M | -96.53M | 704.72M |
| FCF Margin % | -13.36% | 2.46% | 0.11% | 19.97% | -0.32% | -0.14% | 0.14% | -0.31% | 0.07% | 0.63% | 0.41% | -0.42% | -0.27% | 0.31% | 0.2% | 3.08% | -4.33% | -1.16% | -3.14% | 22.13% |
| FCF Growth % | -6524.73% | 2652.5% | 30.2% | 8091.36% | -509.95% | -133.16% | -65.89% | 0.75% | 154.22% | 71% | 368.29% | -133.2% | 80.81% | 261.88% | 110.99% | -81.98% | 31.12% | -114.42% | - | - |
| FCF per Share | -8.41 | 2.42 | 0.07 | 10.36 | -0.14 | -0.09 | 0.05 | -0.13 | 0.03 | 0.27 | 0.15 | -0.13 | -0.06 | 0.16 | 0.03 | 0.39 | -0.34 | -0.10 | -0.30 | 2.16 |
| FCF Conversion (FCF/Net Income) | 2.37x | -0.46x | -0.03x | -5.32x | 0.09x | 0.01x | -0.10x | 0.05x | -0.14x | -0.18x | -0.22x | -0.02x | 0.03x | -0.03x | -0.03x | -0.55x | 0.42x | 0.07x | 0.06x | -1.55x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 125.38M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |