InterCure (INCR) Cash Flow: Operating & Free Cash Flow

InterCure Cash Flow Statement Analysis

Values in millions ILS

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for InterCure Ltd. (INCR) - Annual data in millions ILS
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Mar 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-36.78	-72.79	-63.53	43.75	43.75	7.30	7.29	-37.23	-13.75	-12.80	-5.26
Depreciation & Amortization	17.15	15.37	13.17	11.70	11.70	7.39	7.39	3.25	0.02	0.01	0.00
Deferred Income Tax	-7.32	-14.53	2.25	0.09	0.09	11.44	11.44	37.06	-9.04	0.68	3.06
Stock Based Compensation	2.43	2.28	2.59	8.91	8.91	6.45	6.45	10.01	68.04	7.83	0.01
Change in Working Capital	18.88	-9.19	-91.17	-3.02	-3.02	-1.65	-1.65	-4.12	-0.67	0.93	-0.05
Change in Accounts Receivable	30.84	8.43	-23.49	-18.29	-18.29	8.39	8.39	-9.61	-0.90	0.04	-0.01
Change in Inventory	15.95	-17.44	40.21	-75.99	-75.99	-17.89	-17.89	-14.17	3.03	0.00	0.00
Change in Accounts Payable	-6.36	-8.90	-42.97	57.03	57.03	2.79	2.79	12.27	-0.01	0.23	0.00
Change in Other Working Capital	16.86	4.97	22.10	34.22	35.45	9.40	-4.65	7.39	-2.79	0.66	-0.04
Other Operating Activities	16.86	37.36	22.10	-10.16	12.88	-5.91	45.96	-1.21	-48.62	1.86	1.32
Net Cash from Operating Activities	16.84	-66.93	-53.63	51.27	51.27	25.02	30.14	7.90	-4.01	-1.49	-0.92
Investing Activities
Capital Expenditures	-3.55	-4.38	-2.62	-19.74	-19.74	-14.03	-14.03	-20.84	0.00	-0.09	0.00
Acquisitions	-0.77	1.11	-4.20	-8.32	-14.93	-19.09	-22.59	0.39	-2.26	-5.24	0.00
Purchases of Investments	-0.65	0.00	0.00	0.00	-	-1.25	-1.25	-0.63	0.00	0.00	-2.26
Sales/Maturities of Investments	0.00	-0.45	0.00	0.00	-	0.00	-	0.00	4.53	0.00	0.00
Other Investing Activities	2.32	21.41	11.59	-114.44	-107.82	-30.84	-27.34	-0.04	-40.81	-2.62	-2.37
Net Cash from Investing Activities	-1.99	17.69	4.77	-142.50	-142.50	-65.21	-65.21	-22.76	-38.54	-7.96	-2.26
Financing Activities
Debt Repayment	-50.28	-175.24	-124.71	137.73	-121.86	65.83	-7.06	-13.56	-0.51	8.73	0.91
Common Stock Issued	1.50	34.00	0.00	0.00	-	128.73	137.23	38.85	62.28	1.21	2.09
Other Financing Activities	-19.03	-15.29	-20.91	-17.28	-17.28	3.38	-5.12	-0.67	4.39	0.67	0.00
Net Cash from Financing Activities	-46.66	26.46	-82.89	120.45	120.45	197.94	197.94	25.20	66.17	10.61	2.86
Summary
Effect of Forex Changes on Cash	-0.04	-0.04	0.30	7.16	7.16	-4.54	-4.54	0.22	-1.66	0.01	-0.09
Net Change in Cash	-31.81	-22.82	-131.75	36.37	36.37	158.33	158.33	10.33	21.96	1.19	-0.41
Cash at Beginning of Period	78.32	101.14	232.59	196.22	196.22	37.89	37.89	27.34	3.42	2.23	2.53
Cash at End of Period	46.47	78.32	101.14	232.59	232.59	196.22	196.22	37.89	25.37	3.42	2.12
Free Cash Flow	13.29	-71.30	-56.25	31.53	31.53	10.99	16.11	-12.95	-4.01	-1.58	-0.92
Supplemental Disclosures
Interest Paid	-	15.19	20.91	-	17.28	-	5.12	0.09	-	-	-
Income Taxes Paid	-	12.89	7.61	-	7.97	-	11.80	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Dec 31, 2025. Data sources and methodology

Frequently Asked Questions About InterCure Cash Flow

What is InterCure's free cash flow?

InterCure generated free cash flow of ILS 13.29M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of ILS 16.84M minus ILS 3.55M of capital expenditures. Free cash flow equaled 4.9% of revenue.

How much does InterCure spend on capital expenditures?

InterCure spent ILS 3.55M on capital expenditures in fiscal 2025, compared with ILS 4.38M a year earlier. That equals 21.1% of operating cash flow.

Does InterCure pay dividends or buy back shares?

InterCure's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition