Big Shopping Centers Ltd
TASE:BIG
Cash Flow Statement
Cash Flow Statement
Big Shopping Centers Ltd
| Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Income |
185
|
216
|
252
|
219
|
93
|
83
|
56
|
131
|
177
|
170
|
218
|
252
|
266
|
281
|
287
|
231
|
96
|
174
|
176
|
169
|
282
|
225
|
280
|
279
|
302
|
259
|
173
|
216
|
428
|
450
|
613
|
562
|
357
|
427
|
298
|
342
|
327
|
280
|
416
|
375
|
493
|
480
|
324
|
268
|
177
|
257
|
256
|
376
|
608
|
283
|
235
|
219
|
(39)
|
244
|
430
|
684
|
1 343
|
1 428
|
1 788
|
1 675
|
1 411
|
1 390
|
1 039
|
1 035
|
973
|
976
|
1 097
|
1 591
|
1 620
|
1 908
|
1 854
|
1 751
|
|
| Depreciation & Amortization |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
4
|
5
|
6
|
7
|
7
|
7
|
7
|
7
|
8
|
9
|
10
|
11
|
11
|
11
|
11
|
11
|
11
|
11
|
11
|
10
|
10
|
10
|
10
|
10
|
10
|
10
|
10
|
10
|
10
|
9
|
8
|
9
|
9
|
10
|
10
|
10
|
9
|
12
|
13
|
|
| Change in Deffered Taxes |
55
|
55
|
78
|
0
|
34
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Stock-Based Compensation |
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Non-Cash Items |
(204)
|
(234)
|
(283)
|
(179)
|
(67)
|
(40)
|
29
|
(86)
|
(54)
|
(33)
|
(83)
|
(102)
|
(108)
|
(114)
|
(98)
|
(25)
|
140
|
48
|
36
|
17
|
(1)
|
(63)
|
(118)
|
(117)
|
(136)
|
(92)
|
(5)
|
(42)
|
(240)
|
(260)
|
(357)
|
(308)
|
(68)
|
(123)
|
(43)
|
(47)
|
6
|
87
|
(15)
|
25
|
(126)
|
(122)
|
44
|
108
|
197
|
150
|
160
|
81
|
(144)
|
152
|
166
|
140
|
407
|
236
|
185
|
81
|
(410)
|
(468)
|
(793)
|
(678)
|
(401)
|
(327)
|
94
|
160
|
283
|
336
|
260
|
(158)
|
(136)
|
(371)
|
(191)
|
(24)
|
|
| Cash Taxes Paid |
13
|
14
|
16
|
9
|
9
|
11
|
12
|
10
|
11
|
9
|
9
|
4
|
3
|
1
|
(2)
|
1
|
(5)
|
(5)
|
(8)
|
(7)
|
2
|
3
|
8
|
81
|
84
|
91
|
95
|
27
|
33
|
25
|
23
|
52
|
17
|
25
|
27
|
2
|
41
|
47
|
50
|
45
|
37
|
25
|
23
|
35
|
31
|
35
|
27
|
12
|
15
|
12
|
8
|
10
|
17
|
26
|
55
|
360
|
376
|
369
|
444
|
197
|
186
|
184
|
98
|
52
|
68
|
71
|
72
|
84
|
92
|
132
|
141
|
134
|
|
| Cash Interest Paid |
42
|
48
|
46
|
34
|
49
|
54
|
55
|
70
|
57
|
57
|
58
|
69
|
82
|
103
|
116
|
113
|
145
|
120
|
121
|
126
|
150
|
105
|
81
|
86
|
90
|
92
|
92
|
92
|
101
|
112
|
121
|
132
|
133
|
133
|
136
|
139
|
144
|
139
|
144
|
135
|
142
|
132
|
148
|
145
|
151
|
158
|
159
|
162
|
172
|
170
|
169
|
159
|
160
|
197
|
267
|
308
|
362
|
375
|
358
|
365
|
392
|
395
|
436
|
483
|
500
|
550
|
577
|
628
|
663
|
704
|
731
|
791
|
|
| Change in Working Capital |
(6)
|
(7)
|
(8)
|
(28)
|
(7)
|
(27)
|
(35)
|
(24)
|
(62)
|
(69)
|
(71)
|
(73)
|
(82)
|
(95)
|
(97)
|
(105)
|
(142)
|
(119)
|
(121)
|
(121)
|
(140)
|
(103)
|
(89)
|
(102)
|
(95)
|
(100)
|
(92)
|
(92)
|
(112)
|
(110)
|
(166)
|
(133)
|
(155)
|
(148)
|
(89)
|
(142)
|
(174)
|
(201)
|
(233)
|
(196)
|
(169)
|
(124)
|
(153)
|
(178)
|
(160)
|
(210)
|
(184)
|
(204)
|
(222)
|
(185)
|
(216)
|
(174)
|
(220)
|
(222)
|
(204)
|
(252)
|
(339)
|
(339)
|
(376)
|
(307)
|
(326)
|
(396)
|
(412)
|
(545)
|
(612)
|
(690)
|
(688)
|
(758)
|
(686)
|
(667)
|
(832)
|
(862)
|
|
| Cash from Operating Activities |
31
N/A
|
30
-6%
|
39
+30%
|
48
+25%
|
53
+10%
|
49
-8%
|
57
+18%
|
56
-3%
|
63
+12%
|
69
+11%
|
65
-7%
|
78
+20%
|
77
-1%
|
73
-5%
|
93
+27%
|
103
+10%
|
96
-7%
|
105
+10%
|
93
-12%
|
67
-27%
|
144
+114%
|
62
-57%
|
76
+23%
|
63
-17%
|
75
+19%
|
71
-5%
|
79
+12%
|
86
+8%
|
78
-8%
|
84
+7%
|
93
+11%
|
124
+33%
|
136
+10%
|
160
+18%
|
171
+7%
|
160
-7%
|
166
+4%
|
173
+4%
|
175
+2%
|
212
+21%
|
206
-3%
|
243
+18%
|
224
-8%
|
208
-7%
|
225
+8%
|
207
-8%
|
243
+17%
|
265
+9%
|
253
-4%
|
261
+3%
|
196
-25%
|
196
+0%
|
159
-19%
|
268
+68%
|
421
+57%
|
523
+24%
|
604
+16%
|
631
+4%
|
629
0%
|
700
+11%
|
694
-1%
|
677
-2%
|
731
+8%
|
658
-10%
|
652
-1%
|
632
-3%
|
679
+7%
|
685
+1%
|
807
+18%
|
879
+9%
|
843
-4%
|
878
+4%
|
|
| Investing Cash Flow | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Expenditures |
(1)
|
(1)
|
29
|
65
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(6)
|
(18)
|
(23)
|
(31)
|
(30)
|
(18)
|
(14)
|
(8)
|
(7)
|
(12)
|
(12)
|
(3)
|
(3)
|
(1)
|
1
|
(5)
|
(2)
|
(2)
|
(8)
|
(8)
|
(9)
|
(9)
|
(3)
|
(3)
|
(3)
|
(7)
|
(9)
|
(11)
|
(13)
|
(11)
|
(10)
|
(11)
|
(13)
|
(15)
|
(15)
|
(11)
|
(6)
|
(5)
|
(4)
|
(8)
|
(7)
|
(27)
|
(41)
|
(63)
|
(111)
|
(129)
|
(151)
|
(172)
|
(215)
|
(218)
|
(236)
|
(231)
|
(205)
|
(218)
|
(206)
|
(218)
|
(205)
|
(189)
|
(183)
|
(153)
|
|
| Other Items |
(232)
|
(205)
|
(259)
|
(306)
|
(273)
|
(247)
|
(193)
|
(115)
|
(88)
|
(400)
|
(333)
|
(359)
|
(762)
|
(243)
|
(333)
|
(324)
|
51
|
(175)
|
(337)
|
(203)
|
(493)
|
(496)
|
(287)
|
(527)
|
(281)
|
(141)
|
(283)
|
(203)
|
(418)
|
(525)
|
(565)
|
(819)
|
(643)
|
(582)
|
(481)
|
(357)
|
(373)
|
(730)
|
(548)
|
(864)
|
(898)
|
(695)
|
(882)
|
(623)
|
(740)
|
(943)
|
(997)
|
(856)
|
(1 695)
|
(860)
|
(1 045)
|
(1 578)
|
(693)
|
(1 603)
|
(992)
|
(1 477)
|
(1 073)
|
(735)
|
(1 389)
|
(810)
|
(1 683)
|
(2 199)
|
(2 467)
|
(2 460)
|
(3 220)
|
(2 473)
|
(2 422)
|
(3 004)
|
(2 769)
|
(3 696)
|
(3 725)
|
(3 174)
|
|
| Cash from Investing Activities |
(233)
N/A
|
(206)
+11%
|
(229)
-11%
|
(241)
-5%
|
(275)
-14%
|
(248)
+10%
|
(194)
+22%
|
(116)
+40%
|
(88)
+24%
|
(401)
-354%
|
(334)
+17%
|
(361)
-8%
|
(768)
-113%
|
(261)
+66%
|
(356)
-37%
|
(354)
+0%
|
21
N/A
|
(193)
N/A
|
(351)
-81%
|
(211)
+40%
|
(500)
-137%
|
(507)
-1%
|
(299)
+41%
|
(530)
-77%
|
(284)
+46%
|
(142)
+50%
|
(283)
-99%
|
(208)
+27%
|
(420)
-102%
|
(526)
-25%
|
(573)
-9%
|
(827)
-44%
|
(652)
+21%
|
(590)
+10%
|
(484)
+18%
|
(360)
+26%
|
(377)
-5%
|
(736)
-96%
|
(557)
+24%
|
(874)
-57%
|
(912)
-4%
|
(705)
+23%
|
(891)
-26%
|
(634)
+29%
|
(752)
-19%
|
(957)
-27%
|
(1 013)
-6%
|
(868)
+14%
|
(1 701)
-96%
|
(864)
+49%
|
(1 049)
-21%
|
(1 586)
-51%
|
(700)
+56%
|
(1 630)
-133%
|
(1 033)
+37%
|
(1 540)
-49%
|
(1 184)
+23%
|
(864)
+27%
|
(1 540)
-78%
|
(982)
+36%
|
(1 899)
-93%
|
(2 416)
-27%
|
(2 703)
-12%
|
(2 691)
+0%
|
(3 425)
-27%
|
(2 691)
+21%
|
(2 628)
+2%
|
(3 222)
-23%
|
(2 974)
+8%
|
(3 885)
-31%
|
(3 907)
-1%
|
(3 326)
+15%
|
|
| Financing Cash Flow | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Issuance of Common Stock |
47
|
47
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
56
|
79
|
79
|
79
|
0
|
0
|
0
|
17
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
121
|
121
|
136
|
136
|
119
|
183
|
224
|
224
|
122
|
58
|
2
|
2
|
0
|
3
|
3
|
3
|
239
|
236
|
236
|
236
|
0
|
0
|
3
|
8
|
136
|
433
|
430
|
425
|
297
|
0
|
0
|
0
|
31
|
44
|
(6)
|
(6)
|
(37)
|
(50)
|
49
|
51
|
51
|
166
|
|
| Net Issuance of Debt |
228
|
122
|
188
|
266
|
301
|
87
|
68
|
4
|
(79)
|
272
|
227
|
411
|
682
|
237
|
298
|
121
|
18
|
113
|
296
|
188
|
372
|
373
|
170
|
391
|
53
|
72
|
283
|
210
|
435
|
581
|
390
|
599
|
434
|
243
|
313
|
227
|
391
|
441
|
697
|
609
|
395
|
772
|
410
|
632
|
852
|
768
|
782
|
729
|
1 408
|
845
|
879
|
1 186
|
386
|
1 769
|
1 472
|
1 760
|
1 875
|
547
|
1 621
|
1 031
|
1 601
|
1 844
|
1 054
|
1 687
|
1 962
|
2 167
|
2 222
|
2 152
|
3 077
|
2 967
|
3 489
|
3 199
|
|
| Cash Paid for Dividends |
(10)
|
(10)
|
(20)
|
(20)
|
(10)
|
(20)
|
(20)
|
(20)
|
(30)
|
(20)
|
(25)
|
(25)
|
(30)
|
(30)
|
(15)
|
(15)
|
(15)
|
(15)
|
(30)
|
(30)
|
(60)
|
(60)
|
(45)
|
(45)
|
0
|
0
|
(45)
|
(45)
|
(45)
|
(45)
|
(50)
|
(50)
|
(50)
|
(50)
|
(63)
|
(63)
|
(63)
|
(63)
|
(82)
|
(82)
|
(82)
|
(82)
|
(94)
|
(94)
|
(94)
|
(94)
|
(0)
|
(101)
|
(101)
|
(101)
|
(101)
|
0
|
0
|
0
|
0
|
(100)
|
(200)
|
(200)
|
(200)
|
(100)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(200)
|
|
| Other |
(0)
|
(0)
|
0
|
1
|
2
|
1
|
1
|
(0)
|
(1)
|
4
|
4
|
5
|
4
|
51
|
51
|
59
|
(1)
|
127
|
127
|
119
|
112
|
(1)
|
7
|
8
|
8
|
10
|
2
|
1
|
(0)
|
(1)
|
(3)
|
(4)
|
49
|
50
|
62
|
22
|
(26)
|
(27)
|
(42)
|
20
|
24
|
29
|
17
|
(4)
|
(11)
|
(15)
|
2
|
5
|
8
|
6
|
8
|
5
|
(0)
|
(8)
|
(19)
|
(140)
|
(158)
|
(224)
|
(180)
|
(59)
|
(42)
|
34
|
(3)
|
(53)
|
(52)
|
(53)
|
(60)
|
(9)
|
(2)
|
(9)
|
(1)
|
(3)
|
|
| Cash from Financing Activities |
265
N/A
|
158
-40%
|
169
+6%
|
247
+46%
|
293
+19%
|
68
-77%
|
48
-29%
|
(17)
N/A
|
(110)
-555%
|
312
N/A
|
284
-9%
|
469
+65%
|
735
+57%
|
231
-69%
|
284
+23%
|
115
-60%
|
19
-84%
|
225
+1 090%
|
393
+75%
|
276
-30%
|
425
+54%
|
312
-27%
|
132
-58%
|
354
+169%
|
61
-83%
|
82
+34%
|
240
+194%
|
166
-31%
|
389
+135%
|
535
+37%
|
457
-14%
|
666
+46%
|
568
-15%
|
379
-33%
|
431
+14%
|
369
-14%
|
526
+43%
|
575
+9%
|
695
+21%
|
605
-13%
|
339
-44%
|
721
+113%
|
333
-54%
|
537
+61%
|
750
+40%
|
662
-12%
|
1 023
+54%
|
869
-15%
|
1 551
+79%
|
986
-36%
|
785
-20%
|
1 191
+52%
|
388
-67%
|
1 769
+356%
|
1 589
-10%
|
1 953
+23%
|
1 947
0%
|
548
-72%
|
1 539
+181%
|
872
-43%
|
1 559
+79%
|
1 878
+20%
|
1 081
-42%
|
1 678
+55%
|
1 904
+13%
|
2 107
+11%
|
2 125
+1%
|
2 092
-2%
|
3 124
+49%
|
3 009
-4%
|
3 539
+18%
|
3 162
-11%
|
|
| Change in Cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Effect of Foreign Exchange Rates |
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(3)
|
(5)
|
(5)
|
(6)
|
0
|
3
|
1
|
9
|
6
|
9
|
10
|
3
|
2
|
(3)
|
(2)
|
(2)
|
4
|
9
|
11
|
6
|
4
|
(1)
|
(5)
|
2
|
(2)
|
(1)
|
(1)
|
(5)
|
(2)
|
(4)
|
1
|
6
|
4
|
9
|
1
|
(5)
|
(8)
|
(12)
|
(1)
|
(4)
|
(1)
|
(10)
|
(14)
|
(12)
|
(25)
|
(52)
|
(41)
|
24
|
21
|
91
|
110
|
66
|
94
|
39
|
6
|
(2)
|
(4)
|
(39)
|
4
|
(40)
|
(73)
|
|
| Net Change in Cash |
63
N/A
|
(18)
N/A
|
(22)
-22%
|
54
N/A
|
71
+32%
|
(131)
N/A
|
(88)
+33%
|
(77)
+13%
|
(136)
-77%
|
(20)
+85%
|
15
N/A
|
183
+1 134%
|
40
-78%
|
38
-4%
|
16
-59%
|
(137)
N/A
|
138
N/A
|
138
0%
|
144
+5%
|
139
-4%
|
77
-45%
|
(124)
N/A
|
(90)
+28%
|
(111)
-24%
|
(152)
-36%
|
8
N/A
|
34
+310%
|
47
+39%
|
57
+20%
|
103
+81%
|
(16)
N/A
|
(34)
-109%
|
51
N/A
|
(56)
N/A
|
119
N/A
|
167
+40%
|
315
+88%
|
10
-97%
|
308
+3 107%
|
(60)
N/A
|
(370)
-521%
|
259
N/A
|
(329)
N/A
|
114
N/A
|
231
+102%
|
(87)
N/A
|
248
N/A
|
258
+4%
|
91
-65%
|
381
+321%
|
(72)
N/A
|
(199)
-177%
|
(163)
+18%
|
393
N/A
|
965
+146%
|
912
-6%
|
1 315
+44%
|
274
-79%
|
651
+138%
|
611
-6%
|
445
-27%
|
249
-44%
|
(826)
N/A
|
(261)
+68%
|
(830)
-218%
|
54
N/A
|
175
+222%
|
(449)
N/A
|
917
N/A
|
7
-99%
|
436
+6 124%
|
641
+47%
|
|
| Free Cash Flow | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Free Cash Flow |
31
N/A
|
29
-6%
|
68
+135%
|
113
+67%
|
52
-54%
|
47
-8%
|
57
+19%
|
55
-2%
|
62
+12%
|
69
+11%
|
64
-7%
|
76
+18%
|
72
-5%
|
55
-23%
|
70
+27%
|
72
+2%
|
66
-9%
|
87
+33%
|
79
-10%
|
59
-25%
|
137
+132%
|
50
-63%
|
64
+28%
|
60
-6%
|
72
+19%
|
70
-3%
|
79
+14%
|
81
+2%
|
76
-6%
|
82
+8%
|
85
+4%
|
116
+36%
|
127
+10%
|
152
+19%
|
168
+11%
|
157
-7%
|
163
+4%
|
166
+2%
|
166
+0%
|
202
+21%
|
193
-4%
|
232
+21%
|
214
-8%
|
196
-8%
|
212
+8%
|
192
-9%
|
227
+18%
|
254
+12%
|
247
-3%
|
257
+4%
|
192
-25%
|
188
-2%
|
152
-19%
|
241
+58%
|
380
+58%
|
460
+21%
|
493
+7%
|
502
+2%
|
478
-5%
|
528
+10%
|
479
-9%
|
459
-4%
|
494
+8%
|
427
-14%
|
447
+5%
|
414
-7%
|
473
+14%
|
467
-1%
|
602
+29%
|
690
+15%
|
661
-4%
|
726
+10%
|
|