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Turkiye Petrol Rafinerileri AS
Buy, Hold or Sell?

Should you buy, hold or sell Turkiye Petrol Rafinerileri AS?

I guess you are interested in Turkiye Petrol Rafinerileri AS. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse Turkiye Petrol Rafinerileri AS

Let's start. I'm going to help you getting a better view of Turkiye Petrol Rafinerileri 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.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Turkiye Petrol Rafinerileri AS even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Turkiye Petrol Rafinerileri AS is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Turkiye Petrol Rafinerileri AS. The closing price on 2023-03-24 was ₺533.80 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Turkiye Petrol Rafinerileri AS Daily Candlestick Chart
Turkiye Petrol Rafinerileri AS Daily Candlestick Chart
Summary









1. Valuation of Turkiye Petrol Rafinerileri AS




Current price per share

₺533.80

2. Growth of Turkiye Petrol Rafinerileri AS




Is Turkiye Petrol Rafinerileri AS growing?

Current yearPrevious yearGrowGrow %
How rich?$3.5b$720.2m$1.3b65.1%

How much money is Turkiye Petrol Rafinerileri AS making?

Current yearPrevious yearGrowGrow %
Making money$533.5m$43.5m$489.9m91.8%
Net Profit Margin8.0%1.5%--

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

3. Financial Health of Turkiye Petrol Rafinerileri AS




Comparing to competitors in the Oil & Gas Refining & Marketing industry




  Industry Rankings (Oil & Gas Refining & Marketing)  


Richest
#21 / 111

Most Revenue
#27 / 111

Most Profit
#12 / 111


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is 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 just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

1.1. Profitability of Turkiye Petrol Rafinerileri AS.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Turkiye Petrol Rafinerileri AS earns for each ₤1 of revenue.

  • Above 10% is considered healthy but always compare Turkiye Petrol Rafinerileri AS to the Oil & Gas Refining & Marketing industry mean.
  • A Net Profit Margin of 15.2% means that ₤0.15 for each ₤1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Turkiye Petrol Rafinerileri AS:

  • The MRQ is 15.2%. The company is making a huge profit. +2
  • The TTM is 8.0%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ15.2%TTM8.0%+7.2%
TTM8.0%YOY1.5%+6.4%
TTM8.0%5Y2.0%+5.9%
5Y2.0%10Y3.5%-1.5%
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ15.2%2.1%+13.1%
TTM8.0%3.0%+5.0%
YOY1.5%3.2%-1.7%
5Y2.0%1.8%+0.2%
10Y3.5%2.5%+1.0%
1.1.2. Return on Assets

Shows how efficient Turkiye Petrol Rafinerileri AS is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Turkiye Petrol Rafinerileri AS to the Oil & Gas Refining & Marketing industry mean.
  • 10.4% Return on Assets means that Turkiye Petrol Rafinerileri AS generated ₤0.10 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Turkiye Petrol Rafinerileri AS:

  • The MRQ is 10.4%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 6.2%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ10.4%TTM6.2%+4.2%
TTM6.2%YOY0.9%+5.3%
TTM6.2%5Y1.7%+4.5%
5Y1.7%10Y1.8%-0.1%
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ10.4%2.0%+8.4%
TTM6.2%2.0%+4.2%
YOY0.9%1.5%-0.6%
5Y1.7%1.1%+0.6%
10Y1.8%1.3%+0.5%
1.1.3. Return on Equity

Shows how efficient Turkiye Petrol Rafinerileri AS is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Turkiye Petrol Rafinerileri AS to the Oil & Gas Refining & Marketing industry mean.
  • 26.4% Return on Equity means Turkiye Petrol Rafinerileri AS generated ₤0.26 for each ₤1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Turkiye Petrol Rafinerileri AS:

  • The MRQ is 26.4%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 23.9%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ26.4%TTM23.9%+2.4%
TTM23.9%YOY5.5%+18.5%
TTM23.9%5Y7.0%+16.9%
5Y7.0%10Y7.3%-0.3%
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ26.4%5.6%+20.8%
TTM23.9%5.7%+18.2%
YOY5.5%3.9%+1.6%
5Y7.0%3.2%+3.8%
10Y7.3%3.5%+3.8%

1.2. Operating Efficiency of Turkiye Petrol Rafinerileri AS.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Turkiye Petrol Rafinerileri AS is operating .

  • Measures how much profit Turkiye Petrol Rafinerileri 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 Turkiye Petrol Rafinerileri AS to the Oil & Gas Refining & Marketing 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 Turkiye Petrol Rafinerileri AS:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM7.7%-7.7%
TTM7.7%YOY7.8%0.0%
TTM7.7%5Y5.3%+2.5%
5Y5.3%10Y3.6%+1.7%
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ-4.2%-4.2%
TTM7.7%4.6%+3.1%
YOY7.8%4.1%+3.7%
5Y5.3%3.2%+2.1%
10Y3.6%3.0%+0.6%
1.2.2. Operating Ratio

Measures how efficient Turkiye Petrol Rafinerileri AS is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Oil & Gas Refining & Marketing industry mean).
  • An Operation Ratio of 1.69 means that the operating costs are ₤1.69 for each ₤1 in net sales.

Let's take a look of the Operating Ratio trends of Turkiye Petrol Rafinerileri AS:

  • The MRQ is 1.691. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.774. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.691TTM1.774-0.082
TTM1.774YOY1.832-0.058
TTM1.7745Y1.858-0.084
5Y1.85810Y1.474+0.384
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6911.808-0.117
TTM1.7741.7740.000
YOY1.8321.800+0.032
5Y1.8581.636+0.222
10Y1.4741.359+0.115

1.3. Liquidity of Turkiye Petrol Rafinerileri AS.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Turkiye Petrol Rafinerileri AS is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Oil & Gas Refining & Marketing industry mean).
  • A Current Ratio of 1.52 means the company has ₤1.52 in assets for each ₤1 in short-term debts.

Let's take a look of the Current Ratio trends of Turkiye Petrol Rafinerileri AS:

  • The MRQ is 1.517. The company is able to pay all its short-term debts. +1
  • The TTM is 1.212. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.517TTM1.212+0.305
TTM1.212YOY1.008+0.205
TTM1.2125Y1.090+0.123
5Y1.09010Y0.649+0.441
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5171.382+0.135
TTM1.2121.346-0.134
YOY1.0081.403-0.395
5Y1.0901.497-0.407
10Y0.6491.357-0.708
1.3.2. Quick Ratio

Measures if Turkiye Petrol Rafinerileri AS is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Turkiye Petrol Rafinerileri AS to the Oil & Gas Refining & Marketing industry mean.
  • A Quick Ratio of 0.30 means the company can pay off ₤0.30 for each ₤1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Turkiye Petrol Rafinerileri AS:

  • The MRQ is 0.299. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.281. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.299TTM0.281+0.018
TTM0.281YOY0.153+0.128
TTM0.2815Y0.231+0.050
5Y0.23110Y0.222+0.009
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2990.640-0.341
TTM0.2810.626-0.345
YOY0.1530.685-0.532
5Y0.2310.690-0.459
10Y0.2220.698-0.476

1.4. Solvency of Turkiye Petrol Rafinerileri AS.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Turkiye Petrol Rafinerileri AS assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Turkiye Petrol Rafinerileri AS to Oil & Gas Refining & Marketing industry mean.
  • A Debt to Asset Ratio of 0.60 means that Turkiye Petrol Rafinerileri AS assets are financed with 60.2% credit (debt) and the remaining percentage (100% - 60.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Turkiye Petrol Rafinerileri AS:

  • The MRQ is 0.602. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.753. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.602TTM0.753-0.150
TTM0.753YOY0.834-0.081
TTM0.7535Y0.793-0.040
5Y0.79310Y0.763+0.030
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6020.605-0.003
TTM0.7530.612+0.141
YOY0.8340.617+0.217
5Y0.7930.572+0.221
10Y0.7630.545+0.218
1.4.2. Debt to Equity Ratio

Measures if Turkiye Petrol Rafinerileri AS is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Turkiye Petrol Rafinerileri AS to the Oil & Gas Refining & Marketing industry mean.
  • A Debt to Equity ratio of 152.4% means that company has ₤1.52 debt for each ₤1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Turkiye Petrol Rafinerileri AS:

  • The MRQ is 1.524. The company is just able to pay all its debts with equity.
  • The TTM is 3.827. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ1.524TTM3.827-2.303
TTM3.827YOY5.126-1.299
TTM3.8275Y4.170-0.344
5Y4.17010Y3.496+0.675
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5241.492+0.032
TTM3.8271.599+2.228
YOY5.1261.481+3.645
5Y4.1701.480+2.690
10Y3.4961.373+2.123

2. Market Valuation of Turkiye Petrol Rafinerileri AS

2. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₤1 in earnings Turkiye Petrol Rafinerileri AS generates.

  • Above 15 is considered overpriced but always compare Turkiye Petrol Rafinerileri AS to the Oil & Gas Refining & Marketing industry mean.
  • A PE ratio of 8.29 means the investor is paying ₤8.29 for every ₤1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Turkiye Petrol Rafinerileri AS:

  • The EOD is 8.354. Very good. +2
  • The MRQ is 8.293. Very good. +2
  • The TTM is 21.924. Very good. +2
Trends
Current periodCompared to+/- 
EOD8.354MRQ8.293+0.061
MRQ8.293TTM21.924-13.631
TTM21.924YOY11.308+10.616
TTM21.9245Y4.493+17.432
5Y4.49310Y31.414-26.921
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
EOD8.35412.661-4.307
MRQ8.29312.615-4.322
TTM21.92414.636+7.288
YOY11.30817.932-6.624
5Y4.49313.402-8.909
10Y31.41424.409+7.005
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Turkiye Petrol Rafinerileri AS.

  • Lower is better.
  • A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Turkiye Petrol Rafinerileri AS:

  • The MRQ is 5.448. Seems overpriced? -1
  • The TTM is 28.737. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ5.448TTM28.737-23.289
TTM28.737YOY24.090+4.647
TTM28.7375Y126.467-97.730
5Y126.46710Y181.543-55.076
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
MRQ5.44812.371-6.923
TTM28.73722.751+5.986
YOY24.09029.331-5.241
5Y126.46793.503+32.964
10Y181.543144.270+37.273

2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Turkiye Petrol Rafinerileri AS is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Oil & Gas Refining & Marketing industry mean).
  • A PB ratio of 2.17 means the investor is paying ₤2.17 for each ₤1 in book value.

Let's take a look of the Price to Book Ratio trends of Turkiye Petrol Rafinerileri AS:

  • The EOD is 2.187. Good. +1
  • The MRQ is 2.171. Good. +1
  • The TTM is 2.548. Good. +1
Trends
Current periodCompared to+/- 
EOD2.187MRQ2.171+0.016
MRQ2.171TTM2.548-0.377
TTM2.548YOY2.266+0.282
TTM2.5485Y2.765-0.217
5Y2.76510Y2.703+0.061
Compared to industry (Oil & Gas Refining & Marketing)
PeriodCompanyIndustry (mean)+/- 
EOD2.1871.193+0.994
MRQ2.1711.176+0.995
TTM2.5481.251+1.297
YOY2.2661.512+0.754
5Y2.7651.568+1.197
10Y2.7031.840+0.863
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Turkiye Petrol Rafinerileri 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--77.32944.829+72%5.590+1283%10.301+651%5.658+1267%
Book Value Growth--1.4641.438+2%1.120+31%1.125+30%1.084+35%
Book Value Per Share--244.084142.777+71%49.840+390%61.470+297%43.470+462%
Book Value Per Share Growth--1.4641.438+2%1.120+31%1.125+30%1.084+35%
Current Ratio--1.5171.212+25%1.008+51%1.090+39%0.649+134%
Debt To Asset Ratio--0.6020.753-20%0.834-28%0.793-24%0.763-21%
Debt To Equity Ratio--1.5243.827-60%5.126-70%4.170-63%3.496-56%
Dividend Per Share----0%0.073-100%2.026-100%2.393-100%
Eps--63.89837.278+71%3.015+2020%8.376+663%5.170+1136%
Eps Growth--1.5223.876-61%1.051+45%1.324+15%1.452+5%
Free Cash Flow Per Share--46.14237.364+23%-0.664+101%9.418+390%6.719+587%
Free Cash Flow Per Share Growth--10.4986.644+58%1.928+445%2.162+386%2.203+377%
Free Cash Flow To Equity Per Share--46.14223.696+95%-11.110+124%3.065+1406%3.495+1220%
Free Cash Flow To Equity Per Share Growth--4.5632.511+82%-2.405+153%1.484+208%1.593+186%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--11414.555--------
Intrinsic Value_10Y_min--810.294--------
Intrinsic Value_1Y_max--293.800--------
Intrinsic Value_1Y_min--36.336--------
Intrinsic Value_3Y_max--1530.564--------
Intrinsic Value_3Y_min--148.678--------
Intrinsic Value_5Y_max--3548.344--------
Intrinsic Value_5Y_min--303.450--------
Net Profit Margin--0.1520.080+91%0.015+897%0.020+643%0.035+330%
Operating Margin---0.077-100%0.078-100%0.053-100%0.036-100%
Operating Ratio--1.6911.774-5%1.832-8%1.858-9%1.474+15%
Pb Ratio2.187+1%2.1712.548-15%2.266-4%2.765-21%2.703-20%
Pe Ratio8.354+1%8.29321.924-62%11.308-27%4.493+85%31.414-74%
Peg Ratio--5.44828.737-81%24.090-77%126.467-96%181.543-97%
Price Per Share533.800+1%529.900324.600+63%113.438+367%154.108+244%111.100+377%
Price To Total Gains Ratio6.903+1%6.853-3.592+152%5.592+23%-126.329+1944%-39.050+670%
Profit Growth--1.5223.776-60%1.051+45%1.303+17%1.442+6%
Quick Ratio--0.2990.281+6%0.153+96%0.231+29%0.222+35%
Return On Assets--0.1040.062+68%0.009+1010%0.017+520%0.018+471%
Return On Equity--0.2640.239+10%0.055+383%0.070+275%0.073+261%
Revenue Growth--0.7701.252-38%1.321-42%1.163-34%1.099-30%
Total Gains Per Share--77.32944.829+72%5.663+1266%12.327+527%8.051+861%
Total Gains Per Share Growth--1.1992.685-55%1.820-34%-1.053+188%0.717+67%
Usd Book Value--3527253030.0002063268099.375+71%720244468.125+390%888301301.226+297%628183830.363+462%
Usd Book Value Change Per Share--4.0602.354+72%0.293+1283%0.541+651%0.297+1267%
Usd Book Value Per Share--12.8147.496+71%2.617+390%3.227+297%2.282+462%
Usd Dividend Per Share----0%0.004-100%0.106-100%0.126-100%
Usd Eps--3.3551.957+71%0.158+2020%0.440+663%0.271+1136%
Usd Free Cash Flow--666797040.000539944295.625+23%-9600255.000+101%108775482.375+513%54387741.188+1126%
Usd Free Cash Flow Per Share--2.4221.962+23%-0.035+101%0.494+390%0.353+587%
Usd Free Cash Flow To Equity Per Share--2.4221.244+95%-0.583+124%0.161+1406%0.183+1220%
Usd Price Per Share28.025+1%27.82017.042+63%5.955+367%8.091+244%5.833+377%
Usd Profit--923396407.500533529425.625+73%43563633.750+2020%119999538.750+669%74189426.063+1145%
Usd Revenue--6091354080.0006286358833.125-3%1981502040.000+207%2287238672.250+166%1414862489.250+331%
Usd Total Gains Per Share--4.0602.354+72%0.297+1266%0.647+527%0.423+861%
 EOD+2 -3MRQTTM+32 -7YOY+35 -65Y+35 -610Y+35 -6

3.2. Fundamental Score

Let's check the fundamental score of Turkiye Petrol Rafinerileri AS based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-158.354
Price to Book Ratio (EOD)Between0-12.187
Net Profit Margin (MRQ)Greater than00.152
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.299
Current Ratio (MRQ)Greater than11.517
Debt to Asset Ratio (MRQ)Less than10.602
Debt to Equity Ratio (MRQ)Less than11.524
Return on Equity (MRQ)Greater than0.150.264
Return on Assets (MRQ)Greater than0.050.104
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Turkiye Petrol Rafinerileri AS based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5039.935
Ma 20Greater thanMa 50583.075
Ma 50Greater thanMa 100580.444
Ma 100Greater thanMa 200526.294
OpenGreater thanClose546.700
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.

 2021-12-312022-03-312022-06-302022-09-302022-12-31
Interest Expense  797,6853,542,6324,340,317-3,195,4371,144,880-134,4371,010,443-1,032,267-21,824
Interest Income  1,207,8501,228,3312,436,181-1,186,8661,249,315385,9761,635,291-3,629,540-1,994,249



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in TRY. All numbers in thousands.

Summary
Total Assets168,892,335
Total Liabilities101,706,563
Total Stockholder Equity66,743,279
 As reported
Total Liabilities 101,706,563
Total Stockholder Equity+ 66,743,279
Total Assets = 168,892,335

Assets

Total Assets168,892,335
Total Current Assets119,710,705
Long-term Assets119,710,705
Total Current Assets
Cash And Cash Equivalents 40,808,616
Short-term Investments 2,135,177
Net Receivables 21,417,520
Inventory 36,130,139
Other Current Assets 65,176
Total Current Assets  (as reported)119,710,705
Total Current Assets  (calculated)100,556,628
+/- 19,154,077
Long-term Assets
Goodwill 599
Intangible Assets 556,031
Long-term Assets Other 2,601,153
Long-term Assets  (as reported)49,181,630
Long-term Assets  (calculated)3,157,783
+/- 46,023,847

Liabilities & Shareholders' Equity

Total Current Liabilities78,895,410
Long-term Liabilities22,811,153
Total Stockholder Equity66,743,279
Total Current Liabilities
Short Long Term Debt 11,938,508
Accounts payable 52,698,764
Other Current Liabilities 3,512,753
Total Current Liabilities  (as reported)78,895,410
Total Current Liabilities  (calculated)68,150,025
+/- 10,745,385
Long-term Liabilities
Long term Debt 21,002,769
Capital Lease Obligations Min Short Term Debt327,673
Long-term Liabilities Other 715
Long-term Liabilities  (as reported)22,811,153
Long-term Liabilities  (calculated)21,331,157
+/- 1,479,996
Total Stockholder Equity
Retained Earnings 48,548,189
Total Stockholder Equity (as reported)66,743,279
Total Stockholder Equity (calculated)48,548,189
+/- 18,195,090
Other
Capital Stock275,257
Common Stock Shares Outstanding 275,257
Net Invested Capital 99,684,556
Net Working Capital 40,815,295



Balance Sheet

Currency in TRY. All numbers in thousands.

 Trend2022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-06-302002-12-312002-06-302001-12-312001-06-302000-12-312000-06-30
> Total Assets 
1,134,964,585,000
1,619,282,366,000
1,844,958,090,000
2,897,720,149,000
2,371,371,031,000
3,776,077,549,000
3,323,797,655,000
4,191,415,850,000
4,728,911,000,000
4,775,294,000,000
5,132,354,000,000
5,187,881,000,000
4,041,806
5,601,417
6,178,847
6,201,502
6,993,599
7,834,862
8,307,271
8,260,032
9,081,879
9,965,440
11,400,095
10,642,988
8,636,798
8,732,743
9,750,794
10,782,514
10,223,304
12,669,916
12,675,457
12,593,326
13,918,037
14,892,126
13,910,813
14,904,970
14,757,986
17,787,508
16,172,060
17,822,817
17,114,140
17,915,419
18,605,729
21,751,705
21,139,387
22,668,981
21,721,018
23,006,385
21,932,560
23,008,212
24,340,563
26,505,121
25,470,116
26,157,736
27,279,336
30,517,861
31,218,180
34,042,232
32,617,281
37,321,016
38,162,979
38,184,499
40,201,971
49,066,185
40,035,727
53,606,037
56,281,061
55,680,721
55,511,558
50,956,189
55,551,197
53,614,135
61,168,522
69,787,118
75,039,278
81,068,942
102,535,001
116,651,761
160,035,165
164,487,152
168,892,335
168,892,335164,487,152160,035,165116,651,761102,535,00181,068,94275,039,27869,787,11861,168,52253,614,13555,551,19750,956,18955,511,55855,680,72156,281,06153,606,03740,035,72749,066,18540,201,97138,184,49938,162,97937,321,01632,617,28134,042,23231,218,18030,517,86127,279,33626,157,73625,470,11626,505,12124,340,56323,008,21221,932,56023,006,38521,721,01822,668,98121,139,38721,751,70518,605,72917,915,41917,114,14017,822,81716,172,06017,787,50814,757,98614,904,97013,910,81314,892,12613,918,03712,593,32612,675,45712,669,91610,223,30410,782,5149,750,7948,732,7438,636,79810,642,98811,400,0959,965,4409,081,8798,260,0328,307,2717,834,8626,993,5996,201,5026,178,8475,601,4174,041,8065,187,881,000,0005,132,354,000,0004,775,294,000,0004,728,911,000,0004,191,415,850,0003,323,797,655,0003,776,077,549,0002,371,371,031,0002,897,720,149,0001,844,958,090,0001,619,282,366,0001,134,964,585,000
   > 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
0
0
0
0
0
0
0
0
16,479,095
15,141,275
19,613,537
20,366,024
20,311,172
21,951,521
30,250,105
20,962,205
28,061,876
29,730,712
28,945,418
27,918,955
22,938,512
27,389,948
25,053,851
30,663,146
39,091,232
43,652,956
49,497,111
65,428,752
78,450,795
120,342,056
121,808,910
119,710,705
119,710,705121,808,910120,342,05678,450,79565,428,75249,497,11143,652,95639,091,23230,663,14625,053,85127,389,94822,938,51227,918,95528,945,41829,730,71228,061,87620,962,20530,250,10521,951,52120,311,17220,366,02419,613,53715,141,27516,479,095000000000000000000000000000000000000000000000000000000000
       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
0
0
0
0
0
0
0
0
7,339,917
5,540,022
7,762,766
8,802,069
6,716,597
5,886,217
9,957,795
5,982,828
9,867,640
8,203,440
8,335,913
8,790,761
9,066,942
16,165,150
2,244,609
17,610,803
18,780,070
16,819,243
18,138,059
16,152,381
9,669,718
29,374,751
35,009,547
40,808,616
40,808,61635,009,54729,374,7519,669,71816,152,38118,138,05916,819,24318,780,07017,610,8032,244,60916,165,1509,066,9428,790,7618,335,9138,203,4409,867,6405,982,8289,957,7955,886,2176,716,5978,802,0697,762,7665,540,0227,339,917000000000000000000000000000000000000000000000000000000000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
262,819
273,628
2,226,497
2,135,177
2,135,1772,226,497273,628262,81900000000000000000000000000000000000000000000000000000000000000000000000000000
       Net Receivables 
208,110,061,000
471,686,241,000
337,065,067,000
345,244,413,000
313,771,168,000
382,498,543,000
351,242,780,000
369,197,081,000
497,978,000,000
515,805,000,000
666,952,000,000
557,106,000,000
579,385
889,568
1,374,928
1,136,507
1,479,825
1,532,324
1,556,111
1,369,638
2,095,334
1,577,545
2,607,208
2,157,203
1,406,778
1,053,418
1,043,597
1,140,601
821,174
508,751
1,207,030
1,008,163
911,446
1,958,439
3,380,733
3,792,587
3,563,991
3,195,184
2,941,524
3,548,776
2,457,426
2,432,100
2,782,239
2,680,102
1,970,309
1,548,758
1,059,656
1,146,323
181,597
504,660
1,698,957
3,159,956
3,002,009
2,054,420
2,627,829
2,335,926
3,310,904
3,964,916
4,142,093
5,817,271
5,082,088
5,535,506
6,818,140
9,396,823
6,849,134
6,429,066
8,699,923
4,920,783
5,667,504
4,900,856
1,895,235
4,803,770
1,790,374
3,789,419
6,042,938
7,976,660
13,614,345
19,306,440
27,114,425
29,846,448
21,417,520
21,417,52029,846,44827,114,42519,306,44013,614,3457,976,6606,042,9383,789,4191,790,3744,803,7701,895,2354,900,8565,667,5044,920,7838,699,9236,429,0666,849,1349,396,8236,818,1405,535,5065,082,0885,817,2714,142,0933,964,9163,310,9042,335,9262,627,8292,054,4203,002,0093,159,9561,698,957504,660181,5971,146,3231,059,6561,548,7581,970,3092,680,1022,782,2392,432,1002,457,4263,548,7762,941,5243,195,1843,563,9913,792,5873,380,7331,958,439911,4461,008,1631,207,030508,751821,1741,140,6011,043,5971,053,4181,406,7782,157,2032,607,2081,577,5452,095,3341,369,6381,556,1111,532,3241,479,8251,136,5071,374,928889,568579,385557,106,000,000666,952,000,000515,805,000,000497,978,000,000369,197,081,000351,242,780,000382,498,543,000313,771,168,000345,244,413,000337,065,067,000471,686,241,000208,110,061,000
       Other Current Assets 
12,168,101,000
71,899,567,000
19,651,324,000
16,783,550,000
37,792,835,000
15,837,163,000
101,709,000,000
15,786,476,000
211,784,000,000
46,599,000,000
100,242,000,000
7,657,000,000
22,562
8,603
14,629
42,306
21,515
119,221
267,726
423,138
41,844
382,214
123,462
737,812
282,418
495,277
126,858
517,864
287,367
672,748
176,441
425,830
449,432
568,744
466,992
784,406
584,998
538,870
773,467
928,998
529,577
599,062
859,854
973,975
674,815
804,025
746,370
868,554
540,851
778,690
713,508
1,410,424
543,265
476,418
582,577
786,173
623,471
670,274
1,158,580
1,492,796
1,126,284
1,195,485
1,235,511
2,009,491
1,041,565
20,977
14,180
7,070
1,615,083
900,020
884,634
949,757
765,522
977,320
2,395,852
3,438,140
6,098,121
4,603,523
7,551,541
13,200,535
65,176
65,17613,200,5357,551,5414,603,5236,098,1213,438,1402,395,852977,320765,522949,757884,634900,0201,615,0837,07014,18020,9771,041,5652,009,4911,235,5111,195,4851,126,2841,492,7961,158,580670,274623,471786,173582,577476,418543,2651,410,424713,508778,690540,851868,554746,370804,025674,815973,975859,854599,062529,577928,998773,467538,870584,998784,406466,992568,744449,432425,830176,441672,748287,367517,864126,858495,277282,418737,812123,462382,21441,844423,138267,726119,22121,51542,30614,6298,60322,5627,657,000,000100,242,000,00046,599,000,000211,784,000,00015,786,476,000101,709,000,00015,837,163,00037,792,835,00016,783,550,00019,651,324,00071,899,567,00012,168,101,000
   > 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
0
0
0
0
0
0
0
0
0
25,544,161
26,550,349
26,735,303
27,592,603
28,017,677
28,161,249
28,560,284
30,505,376
30,695,886
31,386,322
31,571,831
37,106,249
38,200,966
39,693,109
42,678,242
49,181,630
49,181,63042,678,24239,693,10938,200,96637,106,24931,571,83131,386,32230,695,88630,505,37628,560,28428,161,24928,017,67727,592,60326,735,30326,550,34925,544,16100000000000000000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
366,997,456,000
446,612,238,000
677,074,193,000
1,460,855,210,000
940,876,382,000
1,724,495,658,000
1,136,575,615,000
2,219,047,274,000
2,079,622,000,000
2,116,610,000,000
2,120,201,000,000
2,234,407,000,000
1,622,624
2,295,165
2,221,983
2,268,651
2,532,345
2,631,556
2,763,481
2,887,053
2,950,193
3,079,943
3,136,403
3,221,818
3,432,592
3,476,455
3,494,218
3,535,945
3,572,723
3,576,640
3,578,030
3,584,225
3,640,712
3,650,332
3,669,485
3,701,720
4,088,907
4,604,057
5,021,600
5,419,849
6,149,528
6,219,601
6,917,865
7,624,083
8,321,563
9,000,931
9,267,592
10,022,472
10,663,393
11,208,168
11,360,927
11,421,065
11,479,744
11,490,509
11,522,682
11,575,007
11,741,476
11,727,915
11,727,966
11,992,448
12,303,437
12,283,981
12,297,931
12,273,361
12,339,167
19,442,226
20,209,263
20,244,437
20,535,416
20,703,798
20,652,556
20,733,617
22,074,894
22,173,366
22,327,675
22,427,227
26,470,619
26,494,711
26,865,302
29,026,466
0
029,026,46626,865,30226,494,71126,470,61922,427,22722,327,67522,173,36622,074,89420,733,61720,652,55620,703,79820,535,41620,244,43720,209,26319,442,22612,339,16712,273,36112,297,93112,283,98112,303,43711,992,44811,727,96611,727,91511,741,47611,575,00711,522,68211,490,50911,479,74411,421,06511,360,92711,208,16810,663,39310,022,4729,267,5929,000,9318,321,5637,624,0836,917,8656,219,6016,149,5285,419,8495,021,6004,604,0574,088,9073,701,7203,669,4853,650,3323,640,7123,584,2253,578,0303,576,6403,572,7233,535,9453,494,2183,476,4553,432,5923,221,8183,136,4033,079,9432,950,1932,887,0532,763,4812,631,5562,532,3452,268,6512,221,9832,295,1651,622,6242,234,407,000,0002,120,201,000,0002,116,610,000,0002,079,622,000,0002,219,047,274,0001,136,575,615,0001,724,495,658,000940,876,382,0001,460,855,210,000677,074,193,000446,612,238,000366,997,456,000
       Goodwill 
0
0
0
0
0
0
0
0
1,461,000,000
1,464,000,000
1,459,000,000
0
0
0
0
0
357,607
357,607
158,864
158,864
189,073
189,073
189,073
189,073
189,073
189,073
189,073
189,073
189,073
189,073
189,073
189,073
189,073
189,073
189,073
189,073
189,073
189,073
189,073
189,073
189,073
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
599
599
59959900000000000000000000000000000000000000189,073189,073189,073189,073189,073189,073189,073189,073189,073189,073189,073189,073189,073189,073189,073189,073189,073189,073189,073189,073189,073158,864158,864357,607357,607000001,459,000,0001,464,000,0001,461,000,00000000000
       Long 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
0
0
0
0
0
0
0
1,313,968
978,262
1,045,854
1,152,785
1,100,847
1,199,048
1,282,165
1,434,600
1,297,429
1,313,137
1,368,310
1,461,518
0
0
0
0
0
0
0
0
0
0
0
0
0000000000001,461,5181,368,3101,313,1371,297,4291,434,6001,282,1651,199,0481,100,8471,152,7851,045,854978,2621,313,968000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
138,451,000
199,123,000
197,933,000
0
455,101,000
0
651,827,000
0
2,978,000,000
2,886,000,000
2,907,000,000
0
1,190
1,582
1,231
1,648
379,049
379,072
310,816
310,459
323,338
323,762
324,395
325,974
323,636
320,039
317,235
313,550
311,852
312,344
308,182
303,123
300,961
297,323
291,401
283,176
281,367
273,565
268,733
260,304
255,963
13,745
13,367
12,518
12,972
12,027
11,427
10,901
24,497
23,895
23,524
24,478
26,669
26,873
25,941
25,034
27,881
26,710
27,284
26,265
38,404
35,888
34,872
35,008
36,947
53,312
50,809
45,742
51,744
47,737
53,534
51,477
62,369
60,950
60,056
57,397
66,801
60,661
56,135
533,701
556,031
556,031533,70156,13560,66166,80157,39760,05660,95062,36951,47753,53447,73751,74445,74250,80953,31236,94735,00834,87235,88838,40426,26527,28426,71027,88125,03425,94126,87326,66924,47823,52423,89524,49710,90111,42712,02712,97212,51813,36713,745255,963260,304268,733273,565281,367283,176291,401297,323300,961303,123308,182312,344311,852313,550317,235320,039323,636325,974324,395323,762323,338310,459310,816379,072379,0491,6481,2311,5821,19002,907,000,0002,886,000,0002,978,000,0000651,827,0000455,101,0000197,933,000199,123,000138,451,000
       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
0
0
0
0
0
0
0
0
0
1,425,214
1,454,908
1,492,102
1,372,397
1,564,853
1,619,244
1,646,350
1,826,172
1,707,538
1,750,135
1,796,236
1,896,584
1,981,276
2,153,617
2,316,548
2,601,153
2,601,1532,316,5482,153,6171,981,2761,896,5841,796,2361,750,1351,707,5381,826,1721,646,3501,619,2441,564,8531,372,3971,492,1021,454,9081,425,21400000000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
742,736,711,000
994,941,457,000
1,217,785,130,000
1,537,003,933,000
1,602,410,000,000
1,994,407,944,000
1,915,690,000,000
1,798,797,710,000
1,982,001,000,000
2,187,421,000,000
2,291,725,000,000
2,031,364,000,000
1,703,915
2,272,298
3,194,482
2,843,874
3,505,229
4,227,951
4,860,856
4,451,801
4,936,756
5,774,480
7,583,065
6,395,822
5,080,534
5,790,732
6,439,179
7,190,866
6,443,762
8,787,992
9,196,726
8,764,014
10,016,881
10,683,685
10,188,480
10,825,496
10,352,328
13,092,738
12,324,455
13,418,994
12,224,556
12,895,600
14,410,653
16,736,199
16,000,873
17,410,729
16,104,529
17,008,126
15,719,930
16,710,735
17,365,736
19,223,835
17,101,667
17,623,670
19,974,252
22,712,551
23,051,147
26,632,102
23,553,160
27,245,249
27,685,318
30,843,049
32,149,145
41,548,567
30,089,898
41,791,361
43,255,503
42,680,877
42,548,549
40,165,018
45,222,860
43,743,630
49,495,997
59,059,439
62,519,010
67,268,637
84,707,484
100,686,764
131,884,873
118,586,834
101,706,563
101,706,563118,586,834131,884,873100,686,76484,707,48467,268,63762,519,01059,059,43949,495,99743,743,63045,222,86040,165,01842,548,54942,680,87743,255,50341,791,36130,089,89841,548,56732,149,14530,843,04927,685,31827,245,24923,553,16026,632,10223,051,14722,712,55119,974,25217,623,67017,101,66719,223,83517,365,73616,710,73515,719,93017,008,12616,104,52917,410,72916,000,87316,736,19914,410,65312,895,60012,224,55613,418,99412,324,45513,092,73810,352,32810,825,49610,188,48010,683,68510,016,8818,764,0149,196,7268,787,9926,443,7627,190,8666,439,1795,790,7325,080,5346,395,8227,583,0655,774,4804,936,7564,451,8014,860,8564,227,9513,505,2292,843,8743,194,4822,272,2981,703,9152,031,364,000,0002,291,725,000,0002,187,421,000,0001,982,001,000,0001,798,797,710,0001,915,690,000,0001,994,407,944,0001,602,410,000,0001,537,003,933,0001,217,785,130,000994,941,457,000742,736,711,000
   > Total Current Liabilities 
566,679,401,000
803,523,202,000
879,697,596,000
942,716,656,000
1,170,350,501,000
1,425,125,110,000
1,593,403,988,000
1,247,081,680,000
1,584,046,000,000
1,747,261,000,000
1,837,878,000,000
1,567,157,000,000
1,333,588
1,604,452
2,548,669
2,200,976
2,738,858
3,411,264
4,021,862
3,641,259
4,091,310
4,861,170
6,675,218
5,493,607
4,113,756
4,773,994
5,377,187
6,169,258
5,353,550
7,663,089
8,022,797
7,625,776
8,847,419
9,434,668
8,826,322
9,518,409
8,386,151
11,055,326
10,331,768
11,200,685
8,428,878
8,939,308
9,858,834
11,610,768
10,396,466
11,116,099
9,768,359
10,221,523
8,561,001
7,945,705
8,808,451
9,835,031
8,828,240
9,096,401
11,674,382
13,239,573
12,660,262
15,701,737
15,901,792
19,486,927
17,675,669
21,068,892
20,724,569
27,092,966
15,949,538
25,145,175
26,991,956
27,357,730
28,120,266
24,706,842
26,443,538
21,889,610
28,340,528
38,869,584
43,796,023
49,222,272
64,001,571
80,726,466
112,043,250
94,698,945
78,895,410
78,895,41094,698,945112,043,25080,726,46664,001,57149,222,27243,796,02338,869,58428,340,52821,889,61026,443,53824,706,84228,120,26627,357,73026,991,95625,145,17515,949,53827,092,96620,724,56921,068,89217,675,66919,486,92715,901,79215,701,73712,660,26213,239,57311,674,3829,096,4018,828,2409,835,0318,808,4517,945,7058,561,00110,221,5239,768,35911,116,09910,396,46611,610,7689,858,8348,939,3088,428,87811,200,68510,331,76811,055,3268,386,1519,518,4098,826,3229,434,6688,847,4197,625,7768,022,7977,663,0895,353,5506,169,2585,377,1874,773,9944,113,7565,493,6076,675,2184,861,1704,091,3103,641,2594,021,8623,411,2642,738,8582,200,9762,548,6691,604,4521,333,5881,567,157,000,0001,837,878,000,0001,747,261,000,0001,584,046,000,0001,247,081,680,0001,593,403,988,0001,425,125,110,0001,170,350,501,000942,716,656,000879,697,596,000803,523,202,000566,679,401,000
       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
0
0
0
0
0
0
0
0
13,031,912
11,450,637
4,433,033
4,935,735
5,949,387
3,165,946
3,974,697
3,016,346
5,555,109
4,040,343
3,833,874
5,152,003
0
0
0
0
0
0
0
0
0
0
0
0
0000000000005,152,0033,833,8744,040,3435,555,1093,016,3463,974,6973,165,9465,949,3874,935,7354,433,03311,450,63713,031,912000000000000000000000000000000000000000000000000000000000
       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
0
0
0
0
0
0
0
0
13,031,912
11,450,637
4,433,033
4,935,735
5,949,387
3,165,946
3,974,697
3,016,346
5,555,109
4,040,343
3,833,874
5,152,003
8,049,355
10,719,966
6,998,565
8,471,911
13,848,668
12,289,687
12,388,664
11,364,545
12,763,446
12,868,344
13,460,926
11,938,508
11,938,50813,460,92612,868,34412,763,44611,364,54512,388,66412,289,68713,848,6688,471,9116,998,56510,719,9668,049,3555,152,0033,833,8744,040,3435,555,1093,016,3463,974,6973,165,9465,949,3874,935,7354,433,03311,450,63713,031,912000000000000000000000000000000000000000000000000000000000
       Accounts payable 
259,833,141,000
336,405,719,000
367,489,528,000
418,343,004,000
468,281,274,000
778,487,428,000
577,775,718,000
596,120,820,000
679,635,000,000
818,219,000,000
932,539,000,000
681,876,000,000
684,050
747,496
1,481,280
1,206,468
1,501,713
2,139,198
2,321,717
1,999,861
2,483,571
2,910,283
4,215,039
3,248,830
1,564,536
1,584,574
3,025,649
3,160,498
2,327,828
3,913,764
3,902,999
3,612,393
4,885,271
5,293,651
6,054,250
6,434,408
5,548,220
7,451,566
5,806,592
6,543,977
5,222,515
5,375,686
5,616,800
7,010,745
6,793,651
6,363,603
6,921,903
6,993,231
5,610,001
4,497,039
4,527,856
4,795,548
3,878,036
3,431,507
4,820,312
5,877,327
6,987,843
7,915,029
7,610,162
9,525,756
8,213,166
8,661,336
12,520,349
16,638,463
7,496,141
13,229,192
17,829,987
17,661,093
17,816,174
11,704,166
10,177,800
9,351,301
14,137,468
20,521,975
26,620,711
31,220,516
43,704,239
56,954,375
83,469,920
68,217,250
52,698,764
52,698,76468,217,25083,469,92056,954,37543,704,23931,220,51626,620,71120,521,97514,137,4689,351,30110,177,80011,704,16617,816,17417,661,09317,829,98713,229,1927,496,14116,638,46312,520,3498,661,3368,213,1669,525,7567,610,1627,915,0296,987,8435,877,3274,820,3123,431,5073,878,0364,795,5484,527,8564,497,0395,610,0016,993,2316,921,9036,363,6036,793,6517,010,7455,616,8005,375,6865,222,5156,543,9775,806,5927,451,5665,548,2206,434,4086,054,2505,293,6514,885,2713,612,3933,902,9993,913,7642,327,8283,160,4983,025,6491,584,5741,564,5363,248,8304,215,0392,910,2832,483,5711,999,8612,321,7172,139,1981,501,7131,206,4681,481,280747,496684,050681,876,000,000932,539,000,000818,219,000,000679,635,000,000596,120,820,000577,775,718,000778,487,428,000468,281,274,000418,343,004,000367,489,528,000336,405,719,000259,833,141,000
       Other Current Liabilities 
276,592,698,000
434,125,391,000
442,338,769,000
147,720,972,000
599,304,000,000
529,409,224,000
934,244,000,000
577,893,150,000
833,510,000,000
856,765,000,000
832,182,000,000
814,566,000,000
592,029
777,991
974,400
897,560
991,868
997,891
1,346,836
1,369,907
1,341,014
1,285,331
1,683,837
1,935,555
1,261,428
1,665,249
1,336,156
1,668,068
1,380,508
1,280,755
1,490,918
1,666,221
1,552,225
1,673,323
1,790,106
2,095,153
1,701,666
1,468,578
2,423,494
2,531,378
2,224,036
2,109,956
2,663,286
2,613,269
2,528,144
2,815,759
2,293,842
2,475,654
2,173,696
2,463,674
2,909,049
3,322,456
3,078,823
2,895,480
3,374,586
4,010,972
3,714,461
5,509,661
4,284,949
5,330,858
4,188,789
6,030,184
2,597,013
3,774,577
2,792,735
76,439
48,828
91,360
3,392,074
2,901,365
3,117,500
2,970,237
3,731,363
3,238,126
3,805,144
4,625,874
7,086,879
8,405,615
11,855,103
8,728,343
3,512,753
3,512,7538,728,34311,855,1038,405,6157,086,8794,625,8743,805,1443,238,1263,731,3632,970,2373,117,5002,901,3653,392,07491,36048,82876,4392,792,7353,774,5772,597,0136,030,1844,188,7895,330,8584,284,9495,509,6613,714,4614,010,9723,374,5862,895,4803,078,8233,322,4562,909,0492,463,6742,173,6962,475,6542,293,8422,815,7592,528,1442,613,2692,663,2862,109,9562,224,0362,531,3782,423,4941,468,5781,701,6662,095,1531,790,1061,673,3231,552,2251,666,2211,490,9181,280,7551,380,5081,668,0681,336,1561,665,2491,261,4281,935,5551,683,8371,285,3311,341,0141,369,9071,346,836997,891991,868897,560974,400777,991592,029814,566,000,000832,182,000,000856,765,000,000833,510,000,000577,893,150,000934,244,000,000529,409,224,000599,304,000,000147,720,972,000442,338,769,000434,125,391,000276,592,698,000
   > 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
0
0
0
0
0
0
0
0
0
16,646,186
16,263,547
15,323,147
14,428,283
15,458,176
18,779,322
21,854,020
21,155,469
20,189,855
18,722,987
18,046,365
20,705,913
19,960,298
19,841,623
23,887,889
22,811,153
22,811,15323,887,88919,841,62319,960,29820,705,91318,046,36518,722,98720,189,85521,155,46921,854,02018,779,32215,458,17614,428,28315,323,14716,263,54716,646,18600000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
36,825,319,000
0
81,971,750,000
0
61,923,382,000
0
77,870,044,000
135,019,000,000
132,600,000,000
138,501,000,000
95,737,000,000
82,579
145,403
136,710
152,744
172,660
183,125
210,087
218,198
241,881
250,113
267,254
283,716
305,980
321,241
330,998
351,144
372,865
382,783
403,745
416,605
451,926
465,568
488,095
502,227
523,562
539,077
126,480
127,834
135,225
150,462
155,286
157,776
157,062
163,778
167,031
168,457
181,223
203,106
219,201
257,398
225,388
261,659
260,873
252,355
214,578
210,776
226,385
221,790
232,379
229,882
230,477
246,378
261,981
255,570
268,019
286,624
324,710
324,652
346,675
356,748
366,656
353,763
372,858
367,802
458,221
498,652
632,739
860,609
0
0860,609632,739498,652458,221367,802372,858353,763366,656356,748346,675324,652324,710286,624268,019255,570261,981246,378230,477229,882232,379221,790226,385210,776214,578252,355260,873261,659225,388257,398219,201203,106181,223168,457167,031163,778157,062157,776155,286150,462135,225127,834126,480539,077523,562502,227488,095465,568451,926416,605403,745382,783372,865351,144330,998321,241305,980283,716267,254250,113241,881218,198210,087183,125172,660152,744136,710145,40382,57995,737,000,000138,501,000,000132,600,000,000135,019,000,00077,870,044,000061,923,382,000081,971,750,000036,825,319,0000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26,579
25,041
22,805
26,783
26,515
23,822
23,267
21,238
18,770
17,744
15,682
19,541
17,616
25,989
26,227
32,828
31,003
28,728
27,319
31,852
29,175
27,675
25,631
0
025,63127,67529,17531,85227,31928,72831,00332,82826,22725,98917,61619,54115,68217,74418,77021,23823,26723,82226,51526,78322,80525,04126,579000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
392,227,874,000
624,340,909,000
627,172,960,000
1,360,716,216,000
768,959,000,000
1,781,669,605,000
1,408,110,000,000
2,376,683,726,000
2,729,065,000,000
2,572,386,000,000
2,823,729,000,000
3,138,029,000,000
2,323,671
3,308,730
2,961,142
3,332,564
3,461,599
3,579,236
3,415,628
3,776,559
4,111,915
4,156,706
3,783,347
4,211,724
3,518,180
2,902,412
3,270,893
3,550,083
3,750,698
3,852,087
3,448,531
3,796,541
3,868,278
4,174,522
3,687,689
4,045,210
4,369,991
4,656,773
3,808,125
4,362,591
4,846,672
4,975,168
4,149,721
4,968,926
5,093,602
5,211,203
5,566,255
5,946,068
6,156,716
6,244,472
6,918,757
7,224,876
8,305,109
8,466,719
7,233,300
7,729,353
8,088,386
7,325,304
8,971,125
9,975,490
10,373,347
7,232,635
7,949,442
7,436,509
9,824,629
11,688,281
12,885,093
12,838,850
12,962,835
10,614,701
10,132,539
9,663,072
11,446,401
10,512,638
12,281,961
13,535,035
17,557,210
15,656,611
27,797,838
45,481,516
66,743,279
66,743,27945,481,51627,797,83815,656,61117,557,21013,535,03512,281,96110,512,63811,446,4019,663,07210,132,53910,614,70112,962,83512,838,85012,885,09311,688,2819,824,6297,436,5097,949,4427,232,63510,373,3479,975,4908,971,1257,325,3048,088,3867,729,3537,233,3008,466,7198,305,1097,224,8766,918,7576,244,4726,156,7165,946,0685,566,2555,211,2035,093,6024,968,9264,149,7214,975,1684,846,6724,362,5913,808,1254,656,7734,369,9914,045,2103,687,6894,174,5223,868,2783,796,5413,448,5313,852,0873,750,6983,550,0833,270,8932,902,4123,518,1804,211,7243,783,3474,156,7064,111,9153,776,5593,415,6283,579,2363,461,5993,332,5642,961,1423,308,7302,323,6713,138,029,000,0002,823,729,000,0002,572,386,000,0002,729,065,000,0002,376,683,726,0001,408,110,000,0001,781,669,605,000768,959,000,0001,360,716,216,000627,172,960,000624,340,909,000392,227,874,000
   Common Stock
0
74,752,000,000
0
1,019,377,804,000
0
1,333,753,038,000
0
250,419,200,000
250,419,000,000
250,419,000,000
250,419,000,000
250,419,000,000
182,708
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
250,419
275,257
0
0275,257250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419250,419182,708250,419,000,000250,419,000,000250,419,000,000250,419,000,000250,419,200,00001,333,753,038,00001,019,377,804,000074,752,000,0000
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000000000000000000000000000000000
   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
0
0
0
0
0
0
0
0
274,588
463,250
475,411
379,909
267,213
-42,672
-1,097,207
-475,146
5,557,515
5,883,889
5,993,144
5,931,074
5,847,950
5,550,627
5,501,290
6,908,151
6,734,883
6,804,343
7,069,447
9,699,826
6,903,566
8,433,389
12,742,531
0
012,742,5318,433,3896,903,5669,699,8267,069,4476,804,3436,734,8836,908,1515,501,2905,550,6275,847,9505,931,0745,993,1445,883,8895,557,515-475,146-1,097,207-42,672267,213379,909475,411463,250274,588000000000000000000000000000000000000000000000000000000000



Balance Sheet

Currency in TRY. All numbers in thousands.