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Coca-Cola Icecek AS
Buy, Hold or Sell?

Let's analyse Coca-Cola Icecek AS together

PenkeI guess you are interested in Coca-Cola Icecek AS. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Coca-Cola Icecek AS. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Coca-Cola Icecek AS (30 sec.)










What can you expect buying and holding a share of Coca-Cola Icecek AS? (30 sec.)

How much money do you get?

How much money do you get?
₺0.23
When do you have the money?
1 year
How often do you get paid?
85.0%

What is your share worth?

Current worth
₺176.73
Expected worth in 1 year
₺263.84
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
₺94.39
Return On Investment
12.1%

For what price can you sell your share?

Current Price per Share
₺779.00
Expected price per share
₺598.00 - ₺
How sure are you?
50%

1. Valuation of Coca-Cola Icecek AS (5 min.)




Live pricePrice per Share (EOD)

₺779.00

Intrinsic Value Per Share

₺186.21 - ₺625.26

Total Value Per Share

₺362.94 - ₺801.99

2. Growth of Coca-Cola Icecek AS (5 min.)




Is Coca-Cola Icecek AS growing?

Current yearPrevious yearGrowGrow %
How rich?$1.3b$621.8m$448.4m41.9%

How much money is Coca-Cola Icecek AS making?

Current yearPrevious yearGrowGrow %
Making money$160m$33.6m$126.3m79.0%
Net Profit Margin18.2%7.8%--

How much money comes from the company's main activities?

3. Financial Health of Coca-Cola Icecek AS (5 min.)




What can you expect buying and holding a share of Coca-Cola Icecek AS? (5 min.)

Welcome investor! Coca-Cola Icecek AS's management wants to use your money to grow the business. In return you get a share of Coca-Cola Icecek AS.

What can you expect buying and holding a share of Coca-Cola Icecek AS?

First you should know what it really means to hold a share of Coca-Cola Icecek AS. And how you can make/lose money.

Speculation

The Price per Share of Coca-Cola Icecek AS is ₺779.00. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Coca-Cola Icecek AS.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Coca-Cola Icecek AS, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ₺176.73. Based on the TTM, the Book Value Change Per Share is ₺21.78 per quarter. Based on the YOY, the Book Value Change Per Share is ₺7.69 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ₺1.82 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Coca-Cola Icecek AS.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps1.570.2%0.630.1%0.130.0%0.180.0%0.090.0%
Usd Book Value Change Per Share0.870.1%0.680.1%0.240.0%0.240.0%0.130.0%
Usd Dividend Per Share0.040.0%0.060.0%0.040.0%0.040.0%0.020.0%
Usd Total Gains Per Share0.910.1%0.730.1%0.280.0%0.280.0%0.150.0%
Usd Price Per Share16.34-10.78-4.55-4.06-2.65-
Price to Earnings Ratio2.60-6.98-10.81-169.38-108.84-
Price-to-Total Gains Ratio17.90-19.46-24.87-18.54-26.63-
Price to Book Ratio2.97-2.49-1.85-1.75-2.06-
Price-to-Total Gains Ratio17.90-19.46-24.87-18.54-26.63-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share24.2269
Number of shares41
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.060.04
Usd Book Value Change Per Share0.680.24
Usd Total Gains Per Share0.730.28
Gains per Quarter (41 shares)30.0911.29
Gains per Year (41 shares)120.3545.15
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1911111073935
219222230137780
32833335020116125
43744447026154170
54655559033193215
65666671039232260
76577883046270305
87488995052309350
9831000107059348395
10931111119065386440

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%18.02.00.090.0%32.04.04.080.0%55.04.014.075.3%
Book Value Change Per Share4.00.00.0100.0%12.00.00.0100.0%18.02.00.090.0%34.06.00.085.0%60.012.01.082.2%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%18.00.02.090.0%34.00.06.085.0%60.00.013.082.2%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%19.01.00.095.0%36.04.00.090.0%63.09.01.086.3%

Fundamentals of Coca-Cola Icecek AS

About Coca-Cola Icecek AS

Coca-Cola Içecek Anonim Sirketi, together with its subsidiaries, operates as a bottler and distributor of alcohol-free beverages in Turkey, Pakistan, Central Asia, and the Middle East. The company engages in the production, distribution, and sale of sparkling and still beverages under the Coca-Cola, Coca-Cola Zero, Coca-Cola Zero Sugar, Coca-Cola Light, Fanta, Sprite, Cappy, Sen Sun, Powerade, Monster, Burn, Gladiator, Fuse tea, Damla, Damla Minera, and Costa Coffee, as well as Schweppes brands. It also offers water, juice, sports and energy drinks, and tea and iced tea, as well as sparkling beverages. The company was founded in 1964 and is headquartered in Istanbul, Turkey. Coca-Cola Içecek Anonim Sirketi operates as a subsidiary of Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi.

Fundamental data was last updated by Penke on 2024-05-15 11:55:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Coca-Cola Icecek AS.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Coca-Cola Icecek AS earns for each ₤1 of revenue.

  • Above 10% is considered healthy but always compare Coca-Cola Icecek AS to the Beverages - Non-Alcoholic industry mean.
  • A Net Profit Margin of 42.1% means that ₤0.42 for each ₤1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Coca-Cola Icecek AS:

  • The MRQ is 42.1%. The company is making a huge profit. +2
  • The TTM is 18.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ42.1%TTM18.2%+23.9%
TTM18.2%YOY7.8%+10.4%
TTM18.2%5Y9.9%+8.3%
5Y9.9%10Y6.6%+3.3%
1.1.2. Return on Assets

Shows how efficient Coca-Cola Icecek AS is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Coca-Cola Icecek AS to the Beverages - Non-Alcoholic industry mean.
  • 11.6% Return on Assets means that Coca-Cola Icecek AS generated ₤0.12 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Coca-Cola Icecek AS:

  • The MRQ is 11.6%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 5.1%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ11.6%TTM5.1%+6.6%
TTM5.1%YOY2.0%+3.1%
TTM5.1%5Y2.5%+2.6%
5Y2.5%10Y1.6%+0.9%
1.1.3. Return on Equity

Shows how efficient Coca-Cola Icecek AS is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Coca-Cola Icecek AS to the Beverages - Non-Alcoholic industry mean.
  • 32.7% Return on Equity means Coca-Cola Icecek AS generated ₤0.33 for each ₤1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Coca-Cola Icecek AS:

  • The MRQ is 32.7%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 14.7%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ32.7%TTM14.7%+17.9%
TTM14.7%YOY6.1%+8.6%
TTM14.7%5Y6.9%+7.8%
5Y6.9%10Y4.5%+2.5%

1.2. Operating Efficiency of Coca-Cola Icecek AS.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Coca-Cola Icecek AS is operating .

  • Measures how much profit Coca-Cola Icecek AS makes for each ₤1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Coca-Cola Icecek AS to the Beverages - Non-Alcoholic industry mean.
  • An Operating Margin of 0.0% means the company generated ₤0.00  for each ₤1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Coca-Cola Icecek AS:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM8.5%-8.5%
TTM8.5%YOY14.9%-6.4%
TTM8.5%5Y14.3%-5.8%
5Y14.3%10Y8.9%+5.4%
1.2.2. Operating Ratio

Measures how efficient Coca-Cola Icecek AS is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Beverages - Non-Alcoholic industry mean).
  • An Operation Ratio of 1.73 means that the operating costs are ₤1.73 for each ₤1 in net sales.

Let's take a look of the Operating Ratio trends of Coca-Cola Icecek AS:

  • The MRQ is 1.728. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.528. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.728TTM1.528+0.200
TTM1.528YOY1.527+0.001
TTM1.5285Y1.523+0.004
5Y1.52310Y1.227+0.297

1.3. Liquidity of Coca-Cola Icecek AS.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Coca-Cola Icecek AS is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Beverages - Non-Alcoholic industry mean).
  • A Current Ratio of 1.16 means the company has ₤1.16 in assets for each ₤1 in short-term debts.

Let's take a look of the Current Ratio trends of Coca-Cola Icecek AS:

  • The MRQ is 1.163. The company is just able to pay all its short-term debts.
  • The TTM is 1.380. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.163TTM1.380-0.217
TTM1.380YOY1.586-0.206
TTM1.3805Y1.531-0.152
5Y1.53110Y1.039+0.493
1.3.2. Quick Ratio

Measures if Coca-Cola Icecek AS is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Coca-Cola Icecek AS to the Beverages - Non-Alcoholic industry mean.
  • A Quick Ratio of 0.22 means the company can pay off ₤0.22 for each ₤1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Coca-Cola Icecek AS:

  • The MRQ is 0.220. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.370. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.220TTM0.370-0.150
TTM0.370YOY0.414-0.043
TTM0.3705Y0.420-0.049
5Y0.42010Y0.478-0.058

1.4. Solvency of Coca-Cola Icecek AS.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Coca-Cola Icecek AS assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Coca-Cola Icecek AS to Beverages - Non-Alcoholic industry mean.
  • A Debt to Asset Ratio of 0.59 means that Coca-Cola Icecek AS assets are financed with 59.2% credit (debt) and the remaining percentage (100% - 59.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Coca-Cola Icecek AS:

  • The MRQ is 0.592. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.624. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.592TTM0.624-0.032
TTM0.624YOY0.621+0.003
TTM0.6245Y0.580+0.044
5Y0.58010Y0.568+0.012
1.4.2. Debt to Equity Ratio

Measures if Coca-Cola Icecek AS is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Coca-Cola Icecek AS to the Beverages - Non-Alcoholic industry mean.
  • A Debt to Equity ratio of 166.0% means that company has ₤1.66 debt for each ₤1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Coca-Cola Icecek AS:

  • The MRQ is 1.660. The company is just able to pay all its debts with equity.
  • The TTM is 1.882. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.660TTM1.882-0.222
TTM1.882YOY1.873+0.009
TTM1.8825Y1.595+0.287
5Y1.59510Y1.519+0.076

2. Market Valuation of Coca-Cola Icecek AS

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₤1 in earnings Coca-Cola Icecek AS generates.

  • Above 15 is considered overpriced but always compare Coca-Cola Icecek AS to the Beverages - Non-Alcoholic industry mean.
  • A PE ratio of 2.60 means the investor is paying ₤2.60 for every ₤1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Coca-Cola Icecek AS:

  • The EOD is 3.861. Based on the earnings, the company is cheap. +2
  • The MRQ is 2.605. Based on the earnings, the company is cheap. +2
  • The TTM is 6.982. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD3.861MRQ2.605+1.256
MRQ2.605TTM6.982-4.377
TTM6.982YOY10.807-3.825
TTM6.9825Y169.376-162.394
5Y169.37610Y108.843+60.532
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Coca-Cola Icecek AS:

  • The EOD is 21.684. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 14.627. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 5.645. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD21.684MRQ14.627+7.056
MRQ14.627TTM5.645+8.982
TTM5.645YOY2.953+2.692
TTM5.6455Y7.067-1.422
5Y7.06710Y19.568-12.501
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Coca-Cola Icecek AS is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Beverages - Non-Alcoholic industry mean).
  • A PB ratio of 2.97 means the investor is paying ₤2.97 for each ₤1 in book value.

Let's take a look of the Price to Book Ratio trends of Coca-Cola Icecek AS:

  • The EOD is 4.408. Based on the equity, the company is fair priced.
  • The MRQ is 2.973. Based on the equity, the company is underpriced. +1
  • The TTM is 2.491. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD4.408MRQ2.973+1.434
MRQ2.973TTM2.491+0.482
TTM2.491YOY1.851+0.640
TTM2.4915Y1.746+0.745
5Y1.74610Y2.061-0.315
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Coca-Cola Icecek AS compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--28.09321.778+29%7.692+265%7.571+271%4.136+579%
Book Value Per Share--176.729135.292+31%78.610+125%64.108+176%41.253+328%
Current Ratio--1.1631.380-16%1.586-27%1.531-24%1.039+12%
Debt To Asset Ratio--0.5920.624-5%0.621-5%0.580+2%0.568+4%
Debt To Equity Ratio--1.6601.882-12%1.873-11%1.595+4%1.519+9%
Dividend Per Share--1.2671.819-30%1.236+3%1.282-1%0.759+67%
Eps--50.44020.226+149%4.257+1085%5.775+773%3.039+1560%
Free Cash Flow Per Share--8.9816.303+42%3.500+157%3.140+186%1.955+359%
Free Cash Flow To Equity Per Share--8.9817.459+20%7.244+24%3.369+167%2.014+346%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%0.900+11%
Intrinsic Value_10Y_max--625.261--------
Intrinsic Value_10Y_min--186.212--------
Intrinsic Value_1Y_max--23.252--------
Intrinsic Value_1Y_min--9.725--------
Intrinsic Value_3Y_max--99.894--------
Intrinsic Value_3Y_min--37.131--------
Intrinsic Value_5Y_max--212.740--------
Intrinsic Value_5Y_min--72.998--------
Market Cap198155015232.000+33%133671964704.00088190428473.600+52%37227197020.800+259%33243825955.160+302%21657974367.982+517%
Net Profit Margin--0.4210.182+132%0.078+440%0.099+326%0.066+536%
Operating Margin---0.085-100%0.149-100%0.143-100%0.089-100%
Operating Ratio--1.7281.528+13%1.527+13%1.523+13%1.227+41%
Pb Ratio4.408+33%2.9732.491+19%1.851+61%1.746+70%2.061+44%
Pe Ratio3.861+33%2.6056.982-63%10.807-76%169.376-98%108.843-98%
Price Per Share779.000+33%525.500346.700+52%146.350+259%130.690+302%85.132+517%
Price To Free Cash Flow Ratio21.684+33%14.6275.645+159%2.953+395%7.067+107%19.568-25%
Price To Total Gains Ratio26.533+33%17.89919.463-8%24.867-28%18.536-3%26.629-33%
Quick Ratio--0.2200.370-41%0.414-47%0.420-48%0.478-54%
Return On Assets--0.1160.051+129%0.020+473%0.025+365%0.016+606%
Return On Equity--0.3270.147+122%0.061+432%0.069+371%0.045+631%
Total Gains Per Share--29.36023.597+24%8.928+229%8.853+232%4.895+500%
Usd Book Value--1398093626.9001070288912.950+31%621882574.175+125%507156537.065+176%326409639.480+328%
Usd Book Value Change Per Share--0.8740.677+29%0.239+265%0.235+271%0.129+579%
Usd Book Value Per Share--5.4964.208+31%2.445+125%1.994+176%1.283+328%
Usd Dividend Per Share--0.0390.057-30%0.038+3%0.040-1%0.024+67%
Usd Eps--1.5690.629+149%0.132+1085%0.180+773%0.095+1560%
Usd Free Cash Flow--71051495.40049864931.400+42%27689255.225+157%24843822.925+186%15086218.140+371%
Usd Free Cash Flow Per Share--0.2790.196+42%0.109+157%0.098+186%0.061+359%
Usd Free Cash Flow To Equity Per Share--0.2790.232+20%0.225+24%0.105+167%0.063+346%
Usd Market Cap6162620973.715+33%4157198102.2942742722325.529+52%1157765827.347+259%1033882987.205+302%673563002.844+517%
Usd Price Per Share24.227+33%16.34310.782+52%4.551+259%4.064+302%2.648+517%
Usd Profit--399027959.100160008092.725+149%33673921.525+1085%45687022.710+773%24042543.865+1560%
Usd Revenue--947919851.800785604488.950+21%416191916.925+128%315878723.865+200%188229505.493+404%
Usd Total Gains Per Share--0.9130.734+24%0.278+229%0.275+232%0.152+500%
 EOD+4 -4MRQTTM+25 -10YOY+27 -85Y+23 -1210Y+28 -8

3.2. Fundamental Score

Let's check the fundamental score of Coca-Cola Icecek AS based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-153.861
Price to Book Ratio (EOD)Between0-14.408
Net Profit Margin (MRQ)Greater than00.421
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.220
Current Ratio (MRQ)Greater than11.163
Debt to Asset Ratio (MRQ)Less than10.592
Debt to Equity Ratio (MRQ)Less than11.660
Return on Equity (MRQ)Greater than0.150.327
Return on Assets (MRQ)Greater than0.050.116
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Coca-Cola Icecek AS based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5072.420
Ma 20Greater thanMa 50734.275
Ma 50Greater thanMa 100661.170
Ma 100Greater thanMa 200616.718
OpenGreater thanClose764.000
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Net Interest Income  -341,827-58,191-400,018-285,562-685,580-35,531-721,11114,798,60114,077,490



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in TRY. All numbers in thousands.

Summary
Total Assets110,157,984
Total Liabilities65,203,205
Total Stockholder Equity39,286,590
 As reported
Total Liabilities 65,203,205
Total Stockholder Equity+ 39,286,590
Total Assets = 110,157,984

Assets

Total Assets110,157,984
Total Current Assets48,254,432
Long-term Assets61,903,552
Total Current Assets
Cash And Cash Equivalents 21,754,655
Short-term Investments 307,008
Net Receivables 8,814,498
Inventory 12,982,517
Other Current Assets 318,652
Total Current Assets  (as reported)48,254,432
Total Current Assets  (calculated)44,177,330
+/- 4,077,102
Long-term Assets
Property Plant Equipment 35,776,700
Goodwill 4,645,019
Intangible Assets 19,300,216
Long-term Assets Other 215,372
Long-term Assets  (as reported)61,903,552
Long-term Assets  (calculated)59,937,307
+/- 1,966,245

Liabilities & Shareholders' Equity

Total Current Liabilities41,507,910
Long-term Liabilities23,695,295
Total Stockholder Equity39,286,590
Total Current Liabilities
Short Long Term Debt 17,867,391
Accounts payable 18,596,246
Other Current Liabilities 64,728
Total Current Liabilities  (as reported)41,507,910
Total Current Liabilities  (calculated)36,528,365
+/- 4,979,545
Long-term Liabilities
Long term Debt 18,511,878
Capital Lease Obligations Min Short Term Debt660,315
Long-term Liabilities  (as reported)23,695,295
Long-term Liabilities  (calculated)19,172,193
+/- 4,523,102
Total Stockholder Equity
Retained Earnings 39,420,571
Total Stockholder Equity (as reported)39,286,590
Total Stockholder Equity (calculated)39,420,571
+/- 133,981
Other
Capital Stock254,371
Common Stock Shares Outstanding 254,371
Net Debt 14,624,614
Net Invested Capital 75,665,859
Net Working Capital 6,746,522
Property Plant and Equipment Gross 78,457,336



Balance Sheet

Currency in TRY. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-03-312004-12-312003-12-31
> Total Assets 
838,889
741,038
0
1,234,196
1,305,032
1,734,782
1,648,110
1,471,422
1,643,450
1,867,370
1,825,549
1,677,055
1,975,100
2,134,187
2,299,167
2,447,347
2,634,233
2,744,269
2,744,946
2,863,582
2,911,236
3,025,665
2,948,378
3,014,042
3,209,526
3,470,324
3,560,371
3,787,577
3,893,557
4,089,212
4,331,134
4,266,435
5,090,688
5,684,478
5,704,245
7,005,775
6,756,409
6,936,783
6,934,008
7,201,860
7,992,835
8,587,708
9,494,994
8,945,818
8,909,098
9,342,383
9,550,137
10,455,946
11,116,200
11,170,862
13,220,034
13,394,158
14,549,942
15,992,674
19,767,050
14,020,442
15,472,142
15,912,300
16,029,056
15,959,755
16,917,527
18,124,319
20,749,809
19,147,331
21,717,376
23,618,145
24,762,503
32,786,241
43,256,888
51,839,172
57,109,727
58,716,903
65,910,598
90,813,785
96,042,821
110,157,984
110,157,98496,042,82190,813,78565,910,59858,716,90357,109,72751,839,17243,256,88832,786,24124,762,50323,618,14521,717,37619,147,33120,749,80918,124,31916,917,52715,959,75516,029,05615,912,30015,472,14214,020,44219,767,05015,992,67414,549,94213,394,15813,220,03411,170,86211,116,20010,455,9469,550,1379,342,3838,909,0988,945,8189,494,9948,587,7087,992,8357,201,8606,934,0086,936,7836,756,4097,005,7755,704,2455,684,4785,090,6884,266,4354,331,1344,089,2123,893,5573,787,5773,560,3713,470,3243,209,5263,014,0422,948,3783,025,6652,911,2362,863,5822,744,9462,744,2692,634,2332,447,3472,299,1672,134,1871,975,1001,677,0551,825,5491,867,3701,643,4501,471,4221,648,1101,734,7821,305,0321,234,1960741,038838,889
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,807,675
5,824,758
5,705,260
6,506,559
6,996,775
8,631,084
4,537,246
5,271,714
5,760,439
5,891,874
5,464,927
6,188,276
6,807,174
8,314,980
7,663,776
8,816,455
10,362,949
9,831,688
10,713,404
19,366,145
24,201,363
27,374,424
28,089,783
35,354,497
48,136,353
50,315,571
48,254,432
48,254,43250,315,57148,136,35335,354,49728,089,78327,374,42424,201,36319,366,14510,713,4049,831,68810,362,9498,816,4557,663,7768,314,9806,807,1746,188,2765,464,9275,891,8745,760,4395,271,7144,537,2468,631,0846,996,7756,506,5595,705,2605,824,7583,807,6750000000000000000000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,448,742
3,644,122
3,874,702
4,020,058
3,743,468
5,497,266
2,289,734
2,204,010
1,848,380
2,723,996
2,822,808
2,608,782
2,977,654
4,610,164
4,660,596
4,616,880
4,868,934
4,631,367
4,141,603
7,823,141
10,126,787
12,767,659
14,008,982
13,285,461
17,014,377
21,121,139
21,754,655
21,754,65521,121,13917,014,37713,285,46114,008,98212,767,65910,126,7877,823,1414,141,6034,631,3674,868,9344,616,8804,660,5964,610,1642,977,6542,608,7822,822,8082,723,9961,848,3802,204,0102,289,7345,497,2663,743,4684,020,0583,874,7023,644,1221,448,7420000000000000000000000000000000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
30,075
17,237
8,278
2,614
3,435
21,163
71,723
83,133
465
109,962
436,522
327,622
222,113
23,164
6,827
808
2,176
11,576
514,592
812,298
758,381
628,031
1,340,888
1,175,943
696,797
307,008
307,008696,7971,175,9431,340,888628,031758,381812,298514,59211,5762,1768086,82723,164222,113327,622436,522109,96246583,13371,72321,1633,4352,6148,27817,23730,07500000000000000000000000000000000000000000000000000
       Net Receivables 
81,339
92,479
0
130,858
168,534
277,942
293,707
151,108
190,579
319,858
298,710
178,394
219,500
400,416
393,297
271,261
316,712
491,224
447,944
328,861
372,313
540,960
528,839
402,679
414,471
620,144
629,383
459,553
573,321
729,618
641,798
473,281
617,057
882,485
821,894
655,230
823,297
974,307
877,132
701,744
932,683
1,191,980
1,071,819
886,370
995,872
1,253,397
1,121,665
974,886
1,274,563
1,406,834
1,335,349
1,055,587
1,250,973
1,910,805
1,848,003
1,212,327
1,122,620
1,793,278
1,489,116
1,411,991
1,725,545
2,015,260
2,041,672
1,564,877
2,305,083
3,156,252
2,998,001
2,684,667
4,742,003
6,815,153
6,116,290
5,303,841
8,441,925
14,580,830
12,560,845
8,814,498
8,814,49812,560,84514,580,8308,441,9255,303,8416,116,2906,815,1534,742,0032,684,6672,998,0013,156,2522,305,0831,564,8772,041,6722,015,2601,725,5451,411,9911,489,1161,793,2781,122,6201,212,3271,848,0031,910,8051,250,9731,055,5871,335,3491,406,8341,274,563974,8861,121,6651,253,397995,872886,3701,071,8191,191,980932,683701,744877,132974,307823,297655,230821,894882,485617,057473,281641,798729,618573,321459,553629,383620,144414,471402,679528,839540,960372,313328,861447,944491,224316,712271,261393,297400,416219,500178,394298,710319,858190,579151,108293,707277,942168,534130,858092,47981,339
       Other Current Assets 
5,980
11,083
0
32,583
26,988
22,980
16,261
34,249
33,539
31,154
37,083
40,866
102,200
61,152
65,162
81,254
91,582
54,508
53,435
61,006
107,996
102,897
95,570
68,678
126,293
134,734
159,454
166,081
156,197
155,285
154,330
158,791
159,507
153,555
164,207
205,880
178,316
166,391
184,551
211,810
214,859
219,131
196,484
148,738
181,971
158,025
147,791
159,514
196,203
214,494
207,990
193,887
236,257
170,653
145,663
71,346
6,034
18,755
32,996
94,199
118,987
91,754
207,490
217,578
321,476
324,566
392,971
1,190,455
1,056,091
829,466
1,457,943
1,044,310
918,300
1,923,548
213,151
318,652
318,652213,1511,923,548918,3001,044,3101,457,943829,4661,056,0911,190,455392,971324,566321,476217,578207,49091,754118,98794,19932,99618,7556,03471,346145,663170,653236,257193,887207,990214,494196,203159,514147,791158,025181,971148,738196,484219,131214,859211,810184,551166,391178,316205,880164,207153,555159,507158,791154,330155,285156,197166,081159,454134,734126,29368,67895,570102,897107,99661,00653,43554,50891,58281,25465,16261,152102,20040,86637,08331,15433,53934,24916,26122,98026,98832,583011,0835,980
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,200,428
10,151,861
10,137,182
10,494,828
10,729,251
11,317,145
12,434,829
11,483,555
12,900,921
13,255,196
14,930,815
22,072,837
23,890,743
27,637,809
29,735,303
30,627,120
30,556,101
42,677,432
45,727,250
61,903,552
61,903,55245,727,25042,677,43230,556,10130,627,12029,735,30327,637,80923,890,74322,072,83714,930,81513,255,19612,900,92111,483,55512,434,82911,317,14510,729,25110,494,82810,137,18210,151,86110,200,42800000000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
518,437
475,713
0
609,231
604,279
666,346
680,205
713,356
724,786
798,500
819,384
838,793
911,800
933,702
1,036,076
1,181,913
1,259,745
1,226,153
1,198,894
1,190,406
1,191,513
1,231,244
1,201,125
1,202,975
1,264,945
1,456,548
1,596,691
1,676,832
1,635,955
1,692,282
1,839,611
1,927,543
2,199,212
2,330,290
2,455,767
2,783,929
2,935,047
2,933,791
3,078,617
3,362,053
3,780,082
4,059,702
4,453,709
4,366,714
4,319,695
4,410,948
4,484,367
5,084,815
5,263,556
5,102,366
5,095,025
5,257,963
5,476,029
6,083,607
7,430,688
6,489,084
7,012,970
6,901,681
6,929,826
7,093,611
7,238,081
7,565,562
8,279,058
7,537,480
8,465,275
8,725,953
8,627,026
12,255,227
13,416,159
15,118,626
16,273,537
16,829,982
16,630,391
23,747,456
25,748,081
35,776,700
35,776,70025,748,08123,747,45616,630,39116,829,98216,273,53715,118,62613,416,15912,255,2278,627,0268,725,9538,465,2757,537,4808,279,0587,565,5627,238,0817,093,6116,929,8266,901,6817,012,9706,489,0847,430,6886,083,6075,476,0295,257,9635,095,0255,102,3665,263,5565,084,8154,484,3674,410,9484,319,6954,366,7144,453,7094,059,7023,780,0823,362,0533,078,6172,933,7912,935,0472,783,9292,455,7672,330,2902,199,2121,927,5431,839,6111,692,2821,635,9551,676,8321,596,6911,456,5481,264,9451,202,9751,201,1251,231,2441,191,5131,190,4061,198,8941,226,1531,259,7451,181,9131,036,076933,702911,800838,793819,384798,500724,786713,356680,205666,346604,279609,2310475,713518,437
       Goodwill 
840
0
0
36,494
46,232
50,734
41,203
38,230
37,983
37,600
34,723
32,055
0
52,201
96,391
65,679
76,940
74,645
72,299
68,133
68,848
71,255
65,666
69,956
98,481
102,896
100,544
102,925
96,604
98,435
218,333
129,057
391,993
400,492
408,499
445,285
456,864
443,011
475,454
483,799
544,574
560,451
634,933
606,621
591,141
603,701
625,043
671,195
693,968
668,888
677,470
719,392
708,223
784,622
1,009,722
819,446
871,191
805,430
815,861
843,828
848,302
904,403
1,028,869
983,477
1,148,737
1,169,985
2,946,953
5,072,775
5,315,050
2,746,192
2,890,904
2,923,535
2,748,785
3,696,536
3,813,662
4,645,019
4,645,0193,813,6623,696,5362,748,7852,923,5352,890,9042,746,1925,315,0505,072,7752,946,9531,169,9851,148,737983,4771,028,869904,403848,302843,828815,861805,430871,191819,4461,009,722784,622708,223719,392677,470668,888693,968671,195625,043603,701591,141606,621634,933560,451544,574483,799475,454443,011456,864445,285408,499400,492391,993129,057218,33398,43596,604102,925100,544102,89698,48169,95665,66671,25568,84868,13372,29974,64576,94065,67996,39152,201032,05534,72337,60037,98338,23041,20350,73446,23236,49400840
       Intangible Assets 
4,127
2,495
0
286,562
296,028
348,528
328,845
309,451
304,220
289,498
267,893
258,215
281,500
288,457
333,918
399,883
448,877
425,654
412,458
450,255
453,844
467,813
432,975
459,386
487,497
510,500
579,600
593,655
557,740
567,322
683,351
721,271
1,047,114
1,095,295
1,143,776
1,301,476
1,334,109
1,293,287
1,385,775
1,409,142
1,581,182
1,625,635
1,837,539
1,760,831
1,714,680
1,749,799
1,813,588
2,077,668
2,152,170
2,072,885
2,099,317
2,226,549
2,294,068
1,758,618
2,229,802
1,869,435
1,999,471
2,022,877
2,011,775
2,174,415
2,196,324
2,393,939
2,657,127
2,463,716
2,797,377
2,891,166
2,926,562
4,256,222
4,531,979
8,982,038
9,773,497
9,912,240
9,948,994
13,406,453
13,908,822
19,300,216
19,300,21613,908,82213,406,4539,948,9949,912,2409,773,4978,982,0384,531,9794,256,2222,926,5622,891,1662,797,3772,463,7162,657,1272,393,9392,196,3242,174,4152,011,7752,022,8771,999,4711,869,4352,229,8021,758,6182,294,0682,226,5492,099,3172,072,8852,152,1702,077,6681,813,5881,749,7991,714,6801,760,8311,837,5391,625,6351,581,1821,409,1421,385,7751,293,2871,334,1091,301,4761,143,7761,095,2951,047,114721,271683,351567,322557,740593,655579,600510,500487,497459,386432,975467,813453,844450,255412,458425,654448,877399,883333,918288,457281,500258,215267,893289,498304,220309,451328,845348,528296,028286,56202,4954,127
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,200,428
10,151,861
10,137,182
10,494,828
38
0
0
0
0
0
0
0
0
0
0
0
0
47,664
64,790
215,372
215,37264,79047,6640000000000003810,494,82810,137,18210,151,86110,200,42800000000000000000000000000000000000000000000000000000000
> Total Liabilities 
280,771
198,337
0
500,850
628,676
911,910
744,606
592,792
780,459
988,017
875,906
752,635
1,032,400
1,154,081
1,208,059
1,339,146
1,504,401
1,562,150
1,497,498
1,593,634
1,626,039
1,691,595
1,518,156
1,579,007
1,764,030
1,989,253
1,900,067
2,117,481
2,233,629
2,337,143
2,319,475
2,352,335
2,717,628
3,143,437
2,928,115
4,134,436
3,775,049
3,881,232
3,584,363
3,828,828
4,350,817
4,775,329
5,201,600
4,804,247
4,863,169
5,039,245
4,928,792
5,458,999
5,997,035
6,054,899
7,858,270
7,954,565
8,957,720
9,781,371
12,000,316
7,569,706
8,726,054
9,294,263
8,910,669
8,590,406
9,508,253
10,076,618
11,013,683
10,410,690
11,861,920
13,318,107
13,166,394
17,816,399
26,874,004
33,035,245
35,108,037
35,920,507
42,449,552
59,380,698
58,233,995
65,203,205
65,203,20558,233,99559,380,69842,449,55235,920,50735,108,03733,035,24526,874,00417,816,39913,166,39413,318,10711,861,92010,410,69011,013,68310,076,6189,508,2538,590,4068,910,6699,294,2638,726,0547,569,70612,000,3169,781,3718,957,7207,954,5657,858,2706,054,8995,997,0355,458,9994,928,7925,039,2454,863,1694,804,2475,201,6004,775,3294,350,8173,828,8283,584,3633,881,2323,775,0494,134,4362,928,1153,143,4372,717,6282,352,3352,319,4752,337,1432,233,6292,117,4811,900,0671,989,2531,764,0301,579,0071,518,1561,691,5951,626,0391,593,6341,497,4981,562,1501,504,4011,339,1461,208,0591,154,0811,032,400752,635875,906988,017780,459592,792744,606911,910628,676500,8500198,337280,771
   > Total Current Liabilities 
223,892
148,651
0
451,072
589,650
704,263
549,464
388,097
393,510
663,670
541,237
414,651
588,900
452,910
436,443
392,843
853,198
1,073,265
1,052,680
1,137,576
909,870
1,021,701
862,090
880,600
1,011,135
875,000
610,469
526,112
728,041
822,797
825,606
692,587
2,099,041
1,908,976
1,886,531
1,815,250
1,482,284
1,651,032
1,196,439
1,443,236
1,682,310
1,943,179
1,774,645
1,521,963
1,658,611
1,804,640
1,628,483
1,497,639
1,993,508
2,508,219
2,470,002
4,127,557
5,003,164
5,263,289
6,492,141
2,668,609
3,436,321
4,402,525
4,089,727
3,536,100
4,141,672
4,524,912
4,610,739
4,322,509
5,126,248
6,376,968
6,216,817
7,482,502
11,409,603
16,846,001
17,338,586
17,224,960
23,551,839
32,918,276
36,127,467
41,507,910
41,507,91036,127,46732,918,27623,551,83917,224,96017,338,58616,846,00111,409,6037,482,5026,216,8176,376,9685,126,2484,322,5094,610,7394,524,9124,141,6723,536,1004,089,7274,402,5253,436,3212,668,6096,492,1415,263,2895,003,1644,127,5572,470,0022,508,2191,993,5081,497,6391,628,4831,804,6401,658,6111,521,9631,774,6451,943,1791,682,3101,443,2361,196,4391,651,0321,482,2841,815,2501,886,5311,908,9762,099,041692,587825,606822,797728,041526,112610,469875,0001,011,135880,600862,0901,021,701909,8701,137,5761,052,6801,073,265853,198392,843436,443452,910588,900414,651541,237663,670393,510388,097549,464704,263589,650451,0720148,651223,892
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,784,794
768,639
2,716,799
2,876,321
2,809,234
3,848,412
706,358
1,066,035
1,288,771
1,329,284
1,441,675
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000001,441,6751,329,2841,288,7711,066,035706,3583,848,4122,809,2342,876,3212,716,799768,6393,784,7940000000000000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,784,794
768,639
2,716,799
2,876,321
2,809,234
3,848,412
706,358
1,066,035
1,288,771
1,329,284
1,441,675
1,422,442
1,324,653
1,154,737
1,242,958
920,253
945,024
820,635
1,311,575
2,191,722
5,621,156
6,051,401
5,673,010
7,353,784
9,761,364
14,268,205
17,867,391
17,867,39114,268,2059,761,3647,353,7845,673,0106,051,4015,621,1562,191,7221,311,575820,635945,024920,2531,242,9581,154,7371,324,6531,422,4421,441,6751,329,2841,288,7711,066,035706,3583,848,4122,809,2342,876,3212,716,799768,6393,784,7940000000000000000000000000000000000000000000000000
       Accounts payable 
50,335
55,098
0
78,594
106,910
161,701
141,412
102,840
91,001
167,946
146,539
124,272
125,400
136,045
102,352
120,211
100,725
139,769
97,397
81,459
86,002
125,228
80,575
99,292
112,843
214,662
184,525
185,852
201,767
183,239
324,105
287,378
335,566
555,514
433,225
433,206
575,306
704,210
544,253
557,338
668,524
872,565
834,462
673,214
823,545
987,500
771,082
773,481
1,085,007
1,242,380
1,158,354
949,188
1,493,815
1,729,271
1,755,435
1,278,323
1,795,510
2,370,369
2,000,483
1,465,211
1,915,435
2,138,535
2,218,560
1,817,391
2,686,694
3,585,718
3,420,753
3,957,019
6,794,955
8,061,284
8,081,114
8,284,254
12,126,686
17,065,863
15,202,633
18,596,246
18,596,24615,202,63317,065,86312,126,6868,284,2548,081,1148,061,2846,794,9553,957,0193,420,7533,585,7182,686,6941,817,3912,218,5602,138,5351,915,4351,465,2112,000,4832,370,3691,795,5101,278,3231,755,4351,729,2711,493,815949,1881,158,3541,242,3801,085,007773,481771,082987,500823,545673,214834,462872,565668,524557,338544,253704,210575,306433,206433,225555,514335,566287,378324,105183,239201,767185,852184,525214,662112,84399,29280,575125,22886,00281,45997,397139,769100,725120,211102,352136,045125,400124,272146,539167,94691,001102,840141,412161,701106,91078,594055,09850,335
       Other Current Liabilities 
30,225
28,889
0
41,173
131,777
124,384
133,840
71,154
93,726
155,143
130,841
71,122
102,300
190,151
201,799
130,416
170,932
240,518
206,697
152,479
218,408
254,799
256,710
153,656
239,564
331,211
247,829
214,896
296,090
434,024
273,984
175,917
281,045
239,731
255,347
213,390
243,137
307,585
297,043
257,312
293,619
377,223
377,200
285,752
311,418
400,505
426,667
358,674
412,738
437,905
500,336
381,695
492,055
366,553
464,868
321,716
53,287
39,066
37,755
374,177
439,071
553,028
730,815
911,890
985,791
1,163,170
1,230,855
1,656,309
1,582,988
1,922,441
1,882,190
2,117,206
3,567,340
3,410,663
76,575
64,728
64,72876,5753,410,6633,567,3402,117,2061,882,1901,922,4411,582,9881,656,3091,230,8551,163,170985,791911,890730,815553,028439,071374,17737,75539,06653,287321,716464,868366,553492,055381,695500,336437,905412,738358,674426,667400,505311,418285,752377,200377,223293,619257,312297,043307,585243,137213,390255,347239,731281,045175,917273,984434,024296,090214,896247,829331,211239,564153,656256,710254,799218,408152,479206,697240,518170,932130,416201,799190,151102,30071,122130,841155,14393,72671,154133,840124,384131,77741,173028,88930,225
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,289,733
4,891,738
4,820,942
5,054,306
5,366,581
5,551,706
6,402,944
6,088,181
6,735,672
6,941,139
6,949,577
10,333,897
15,464,401
16,189,244
17,769,451
18,695,547
18,897,713
26,462,422
22,106,528
23,695,295
23,695,29522,106,52826,462,42218,897,71318,695,54717,769,45116,189,24415,464,40110,333,8976,949,5776,941,1396,735,6726,088,1816,402,9445,551,7065,366,5815,054,3064,820,9424,891,7385,289,73300000000000000000000000000000000000000000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-3,784,794
-768,639
-2,716,799
-2,876,321
-2,809,234
-3,848,412
-706,358
-869,354
-1,112,299
-1,106,678
-1,217,083
225,729
228,798
259,661
235,570
235,175
237,478
217,395
319,680
336,466
355,189
378,809
485,267
512,195
604,207
625,447
660,315
660,315625,447604,207512,195485,267378,809355,189336,466319,680217,395237,478235,175235,570259,661228,798225,729-1,217,083-1,106,678-1,112,299-869,354-706,358-3,848,412-2,809,234-2,876,321-2,716,799-768,639-3,784,7940000000000000000000000000000000000000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
211,852
0
0
209,204
0
0
202,939
3,814
0
0
0
0
0
0
0
0
0
0
0
0
0000000000003,814202,93900209,20400211,85200000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
558,118
542,701
542,701
678,999
622,335
756,076
835,809
861,279
845,771
862,983
934,211
910,999
928,200
971,178
1,080,972
1,097,470
1,111,886
1,175,620
1,239,356
1,253,449
1,268,611
1,316,117
1,413,968
1,417,409
1,428,313
1,462,904
1,639,006
1,650,001
1,641,162
1,730,667
1,909,993
1,889,416
2,191,046
2,306,374
2,526,861
2,574,535
2,674,437
2,730,583
3,004,625
3,024,819
3,224,214
3,353,545
3,774,357
3,608,996
3,560,673
3,750,389
4,028,232
4,305,168
4,417,942
4,410,972
4,632,883
4,735,738
4,907,534
5,399,434
6,683,329
5,619,502
5,903,950
5,851,302
6,302,388
6,515,034
6,542,627
7,116,211
8,586,710
7,662,411
8,579,721
8,956,688
9,911,575
13,055,214
14,251,301
16,376,758
19,405,047
20,171,058
21,035,443
27,892,007
33,837,262
39,286,590
39,286,59033,837,26227,892,00721,035,44320,171,05819,405,04716,376,75814,251,30113,055,2149,911,5758,956,6888,579,7217,662,4118,586,7107,116,2116,542,6276,515,0346,302,3885,851,3025,903,9505,619,5026,683,3295,399,4344,907,5344,735,7384,632,8834,410,9724,417,9424,305,1684,028,2323,750,3893,560,6733,608,9963,774,3573,353,5453,224,2143,024,8193,004,6252,730,5832,674,4372,574,5352,526,8612,306,3742,191,0461,889,4161,909,9931,730,6671,641,1621,650,0011,639,0061,462,9041,428,3131,417,4091,413,9681,316,1171,268,6111,253,4491,239,3561,175,6201,111,8861,097,4701,080,972971,178928,200910,999934,211862,983845,771861,279835,809756,076622,335678,999542,701542,701558,118
   Common Stock
224,889
224,889
0
250,752
249,589
249,589
249,589
255,534
254,371
254,371
254,371
254,371
928,200
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
254,371
0
0
00254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371254,371928,200254,371254,371254,371254,371255,534249,589249,589249,589250,7520224,889224,889
   Retained Earnings 
333,229
317,812
0
316,921
268,832
281,135
386,233
379,502
377,554
415,228
517,246
504,414
0
548,842
655,938
553,288
494,531
625,395
713,801
706,872
715,662
739,488
896,186
854,529
862,856
860,213
930,848
924,808
974,696
1,050,810
1,244,427
1,245,598
1,520,440
1,557,196
1,703,689
1,654,274
1,675,836
1,793,888
1,921,457
1,884,705
1,794,048
1,843,048
1,897,396
1,901,642
1,931,069
2,049,167
2,203,353
1,843,232
1,757,199
1,938,435
2,179,279
2,030,748
1,984,757
1,971,855
2,009,094
2,157,320
1,978,861
2,061,237
2,617,708
2,802,367
2,929,353
3,101,796
3,958,862
3,795,929
3,987,950
4,323,454
5,239,214
5,416,923
6,046,863
6,679,538
8,498,399
9,147,461
10,181,966
10,320,272
14,403,171
39,420,571
39,420,57114,403,17110,320,27210,181,9669,147,4618,498,3996,679,5386,046,8635,416,9235,239,2144,323,4543,987,9503,795,9293,958,8623,101,7962,929,3532,802,3672,617,7082,061,2371,978,8612,157,3202,009,0941,971,8551,984,7572,030,7482,179,2791,938,4351,757,1991,843,2322,203,3532,049,1671,931,0691,901,6421,897,3961,843,0481,794,0481,884,7051,921,4571,793,8881,675,8361,654,2741,703,6891,557,1961,520,4401,245,5981,244,4271,050,810974,696924,808930,848860,213862,856854,529896,186739,488715,662706,872713,801625,395494,531553,288655,938548,8420504,414517,246415,228377,554379,502386,233281,135268,832316,9210317,812333,229
   Capital Surplus 0000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000000000000000000000000-58,556000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,003,925
1,984,992
2,236,378
2,454,165
2,958,967
4,205,623
2,993,570
3,301,177
3,137,409
3,032,024
3,244,055
3,144,662
3,545,803
4,159,236
3,397,870
4,123,159
4,280,071
4,319,198
7,285,128
7,851,275
9,344,057
10,553,485
10,670,434
10,500,314
17,218,572
0
0
0017,218,57210,500,31410,670,43410,553,4859,344,0577,851,2757,285,1284,319,1984,280,0714,123,1593,397,8704,159,2363,545,8033,144,6623,244,0553,032,0243,137,4093,301,1772,993,5704,205,6232,958,9672,454,1652,236,3781,984,9922,003,9250000000000000000000000000000000000000000000000000



Balance Sheet

Currency in TRY. All numbers in thousands.