← TIM S.A.
| Annual Trend | FY 2005 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Net Income | — | — | — | — | — | $1.7b | $2.8b | $3.2b | $4.3b | |
| Net Income From Continuing Operations | — | — | — | — | — | $1.7b | $3.2b | $3.6b | $4.6b | |
| Total adjustments to reconcile income with net cash from operations | — | $7.4b | $11.1b | $9.5b | $9.9b | $11.5b | $13.0b | $13.9b | $15.0b | |
| Adjustments For Depreciation And Amortisation Expense And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | — | — | $32.4m | ($88.1m) | $51.9m | ($136.7m) | $93.3m | $13.9m | $14.8m | |
| Depreciation & Amortization (CF) | — | $4.0b | $5.1b | $5.5b | $5.7b | $6.8b | $7.1b | $7.0b | $7.1b | |
| Amortization of loans and financing | — | — | — | — | ($1.7b) | ($565.3m) | ($1.2b) | ($1.4b) | ($387.3m) | |
| Depreciation Amortization Depletion | — | — | — | — | — | $6.8b | $7.1b | $7.0b | $7.1b | |
| Depreciation And Amortization | — | — | — | — | — | $6.8b | $7.1b | $7.0b | $7.1b | |
| Adjustments For Share-Based Payments | — | — | $3.4m | $2.6m | $15.7m | $6.8m | ($24.3m) | $22.4m | $17.0m | |
| Impairment Charges (CF) | — | $544.9m | $748.3m | $552.8m | $544.6m | $626.2m | $639.7m | $693.1m | $765.8m | |
| Asset Impairment Charge | — | — | — | — | — | ($136.7m) | $93.3m | $13.9m | $14.8m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | $61.6m | $89.3m | $82.5m | $107.8m | |
| Additional Financial Items | ||||||||||
| Adjustments For Increase Decrease In Trade Account Payable | — | — | ($401.2m) | ($819.0m) | $153.4m | $757.6m | $353.3m | $304.2m | $185.4m | |
| Adjustments For Unrealised Foreign Exchange Losses Gains | — | — | ($950.7m) | $168.4m | $119.9m | $760.0m | $668.4m | $749.5m | $774.9m | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | — | — | — | — | $1.8b | $1.8b | $1.6b | |
| Proceeds From Borrowings Classified As Financing Activities | — | — | $1.0b | $1.8b | $3.1b | $1.6b | — | — | — | |
| Income Before Tax | — | — | — | — | — | $1.7b | $3.2b | $3.6b | $4.6b | |
| Share of loss of an associate | — | — | — | — | $11.6m | $61.6m | $89.3m | $82.5m | $107.8m | |
| Provision for legal and administrative proceedings | — | $551.2m | $547.7m | $333.7m | $278.8m | $247.2m | $323.0m | $276.8m | $267.0m | |
| Inflation adjustment on judicial deposits and legal and administrative proceedings | — | — | $200.5m | $138.1m | ($27.8m) | $91.7m | $257.1m | $175.9m | $59.8m | |
| Finance income from marketable securities | — | — | — | — | ($173.1m) | ($266.8m) | ($83.2m) | ($181.7m) | ($361.7m) | |
| Interest on lease liabilities | — | $266.3m | $821.5m | $910.7m | $858.3m | $1.3b | $1.1b | $1.4b | $1.6b | |
| Interest income on lease receivable | — | — | — | — | — | — | ($28.0m) | ($28.4m) | ($29.0m) | |
| Stock-Based Compensation (CF) | — | ($1.4m) | $3.4m | $2.6m | $15.7m | $6.8m | ($24.3m) | $22.4m | $17.0m | |
| Trade accounts receivable | — | ($1.0b) | ($1.0b) | ($390.1m) | ($583.3m) | ($628.3m) | ($867.4m) | ($1.6b) | ($988.1m) | |
| Recoverable taxes, fees and contributions | — | — | — | — | $664.4m | $912.3m | $86.0m | $344.1m | $10.7m | |
| Inventories | — | ($59.3m) | ($20.2m) | ($43.3m) | $44.0m | ($33.6m) | ($95.7m) | $38.3m | ($63.7m) | |
| Prepaid expenses | — | $56.8m | $100.9m | $20.9m | ($134.9m) | $164.3m | ($18.3m) | ($184.7m) | ($107.5m) | |
| Judicial deposits | — | $30.5m | $296.5m | $203.6m | $215.7m | ($603.8m) | $749.3m | $32.2m | $31.1m | |
| Other assets | — | $133.8m | $5.1m | ($111.0m) | $41.6m | ($30.7m) | ($70.7m) | $90.9m | ($49.2m) | |
| Payroll and related charges | — | ($50.8m) | $6.7m | $53.7m | $35.5m | $40.3m | $42.8m | ($33.1m) | $8.0m | |
| Suppliers | — | $331.7m | ($401.2m) | ($819.0m) | $153.4m | $757.6m | $353.3m | $304.2m | $185.4m | |
| Taxes, fees and contributions payable | — | — | — | — | $366.6m | $102.9m | $618.0m | $375.2m | $484.8m | |
| Authorizations payable | — | ($104.6m) | ($100.2m) | ($10.9m) | ($8.6m) | ($2.4b) | ($246.8m) | ($163.6m) | ($59.0m) | |
| Payments for legal and administrative proceedings | — | ($536.6m) | ($715.2m) | ($413.6m) | ($316.8m) | ($242.6m) | ($343.4m) | ($318.8m) | ($362.2m) | |
| Deferred revenues | — | ($193.6m) | ($204.4m) | ($87.2m) | ($135.6m) | ($49.4m) | ($31.0m) | ($61.1m) | ($74.2m) | |
| Other liabilities | — | ($40.4m) | ($215.1m) | ($126.5m) | ($117.0m) | ($114.2m) | ($560.7m) | ($294.1m) | ($304.0m) | |
| Cash generated by operations | — | $6.3b | $7.2b | $8.7b | $10.1b | $9.4b | $12.6b | $12.4b | $13.8b | |
| Proceeds from the sale of marketable securities | — | — | — | — | $6.4b | $8.9b | $3.3b | $7.2b | $8.0b | |
| Purchases of marketable securities | — | — | $131.7m | ($1.4b) | ($2.5b) | $2.4b | ($3.0b) | ($7.5b) | ($7.5b) | |
| Capital contribution to 5G Fund | — | — | — | — | — | — | ($53.8m) | ($131.3m) | ($85.0m) | |
| Consideration for the acquisition of Cozani, net of cash acquired | — | — | — | — | — | ($6.3b) | ($443.1m) | — | — | |
| Other | — | — | — | $4.9m | $47k | $4.5m | $2.3m | $24.4m | $35.1m | |
| Net cash used in investment activities | — | ($3.8b) | ($3.7b) | ($5.5b) | ($6.7b) | ($8.6b) | ($4.7b) | ($5.0b) | ($3.6b) | |
| Proceeds from loans and financing | — | — | — | — | — | $1.6b | — | $503.4m | — | |
| Payment of lease liability | — | — | — | ($927.9m) | ($1.2b) | ($1.6b) | ($1.8b) | ($1.8b) | ($1.6b) | |
| Lease incentives received | — | — | — | — | — | — | — | $89.4m | $77.9m | |
| Derivative financial instruments | — | $37.0m | $32.8m | $27.1m | $216.2m | ($269.4m) | ($393.6m) | ($168.7m) | ($170.4m) | |
| Purchase of treasury shares, net of disposals | — | — | $435k | — | ($11.1m) | $4.7m | ($2.8m) | ($45.0m) | ($748.3m) | |
| Beginning Cash Position | — | — | — | — | — | $5.2b | $2.5b | $3.1b | $3.3b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($3.5b) | ($7.2b) | ($7.2b) | ($9.5b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($8.4b) | ($4.7b) | ($5.0b) | ($3.6b) | |
| Change In Account Payable | — | — | — | — | — | $757.6m | $353.3m | $304.2m | $185.4m | |
| Change In Accrued Expense | — | — | — | — | — | $40.3m | $42.8m | ($33.1m) | $8.0m | |
| Change In Income Tax Payable | — | — | — | — | — | $102.9m | $618.0m | $375.2m | $484.8m | |
| Change In Inventory | — | — | — | — | — | ($33.6m) | ($95.7m) | $38.3m | ($63.7m) | |
| Change In Other Current Assets | — | — | — | — | — | ($30.7m) | ($70.7m) | $90.9m | ($49.2m) | |
| Change In Other Current Liabilities | — | — | — | — | — | ($114.2m) | ($560.7m) | ($294.1m) | ($304.0m) | |
| Change In Other Working Capital | — | — | — | — | — | ($653.3m) | $718.3m | ($28.9m) | ($43.1m) | |
| Change In Payable | — | — | — | — | — | ($1.5b) | $724.5m | $515.9m | $611.2m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | ($1.5b) | $767.3m | $482.8m | $619.2m | |
| Change In Prepaid Assets | — | — | — | — | — | $164.3m | ($18.3m) | ($184.7m) | ($107.5m) | |
| Change In Receivables | — | — | — | — | — | $284.0m | ($781.4m) | ($1.3b) | ($977.4m) | |
| Change In Tax Payable | — | — | — | — | — | $102.9m | $618.0m | $375.2m | $484.8m | |
| Change In Working Capital | — | — | — | — | — | ($1.9b) | ($41.1m) | ($1.2b) | ($925.6m) | |
| Changes In Account Receivables | — | — | — | — | — | ($628.3m) | ($867.4m) | ($1.6b) | ($988.1m) | |
| Changes In Cash | — | — | — | — | — | ($2.7b) | $529.2m | $180.8m | $351.6m | |
| End Cash Position | — | — | — | — | — | $2.5b | $3.1b | $3.3b | $3.6b | |
| Financing Cash Flow | — | — | — | — | — | ($3.5b) | ($7.2b) | ($7.2b) | ($9.5b) | |
| Free Cash Flow | — | — | — | — | — | $4.4b | $7.9b | $7.8b | $8.9b | |
| Gain Loss On Sale Of Business | — | — | — | — | ($782.2m) | $0 | $0 | — | — | |
| Investing Cash Flow | — | — | — | — | — | ($8.4b) | ($4.7b) | ($5.0b) | ($3.6b) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($6.3b) | ($443.1m) | $0 | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($4.7b) | ($4.5b) | ($4.6b) | ($4.5b) | |
| Operating Gains Losses | — | — | — | — | — | $61.6m | $89.3m | $82.5m | $273.6m | |
| Other Non Cash Items | — | — | — | — | — | $1.7b | $1.3b | $1.8b | $1.7b | |
| Provisionand Write Offof Assets | — | — | — | — | — | $873.4m | $962.7m | $969.9m | $1.0b | |
| Purchase Of Business | — | — | — | — | — | ($6.3b) | ($443.1m) | $0 | $0 | |
| Purchase Of PPE | — | — | — | $3.9b | $5.3b | ($4.7b) | ($4.5b) | ($4.6b) | ($4.5b) | |
| Repurchase Of Capital Stock | — | — | — | — | ($11.1m) | — | ($2.8m) | ($45.0m) | ($748.3m) | |
| Sale Of Business | — | — | — | — | $1.1b | $0 | $0 | — | — | |
| Stock Based Compensation | — | — | — | — | — | $6.8m | ($24.3m) | $22.4m | $17.0m | |
| Profit or Loss | — | — | $3.6b | $1.8b | $3.0b | $1.7b | $2.8b | $3.2b | $4.3b | |
| Residual value of written-off property, plant and equipment and intangible written off | — | $9.7m | $32.4m | ($88.1m) | $51.9m | ($136.7m) | $93.3m | $13.9m | $14.8m | |
| Additions to property, plant and equipment and intangible assets | — | ($3.8b) | ($3.9b) | ($3.9b) | ($5.3b) | ($4.7b) | ($4.5b) | ($4.6b) | ($4.5b) | |
| Net Investment Purchase And Sale | — | — | — | — | — | $2.6b | $261.6m | ($427.9m) | $425.8m | |
| Purchase Of Investment | — | — | — | — | — | ($6.2b) | ($3.1b) | ($7.6b) | ($7.6b) | |
| Sale Of Investment | — | — | — | — | — | $8.9b | $3.3b | $7.2b | $8.0b | |
| Net Other Investing Changes | — | — | — | — | — | $4.5m | $2.3m | $24.4m | $555.1m | |
| Cash flows from financing activities: | ||||||||||
| Issuance Of Debt | — | — | — | — | — | $1.6b | $0 | $592.8m | $77.9m | |
| Long Term Debt Issuance | — | — | — | — | — | $1.6b | $0 | $592.8m | $77.9m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($563.3m) | ($3.0b) | ($2.7b) | ($1.9b) | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($563.3m) | ($3.0b) | ($2.7b) | ($1.9b) | |
| Long Term Debt Payments | — | — | — | — | — | ($2.1b) | ($3.0b) | ($3.3b) | ($2.0b) | |
| Repayment Of Debt | — | — | — | — | — | ($2.1b) | ($3.0b) | ($3.3b) | ($2.0b) | |
| Net Common Stock Issuance | — | — | — | — | — | $4.7m | ($2.8m) | ($45.0m) | ($748.3m) | |
| Common Stock Payments | — | — | — | — | ($11.1m) | — | ($2.8m) | ($45.0m) | ($748.3m) | |
| Dividends paid | — | — | $995 | $1k | $1k | $1k | $2k | $1k | $3k | |
| Payments of Dividends | — | — | $995 | $1k | $1k | $1k | $2k | $1k | $3k | |
| Dividends Paid Classified As Financing Activities | — | — | $770 | $1k | $1k | $1k | $2k | $3k | $5k | |
| Cash Dividends Paid | — | — | — | — | — | ($1.2b) | ($2.2b) | ($2.7b) | ($5.4b) | |
| Common Stock Dividend Paid | — | — | — | — | — | ($1.2b) | ($2.2b) | ($2.7b) | ($5.4b) | |
| Net Other Financing Charges | — | — | — | — | — | ($269.4m) | ($393.6m) | ($168.7m) | $206.1m | |
| Increase in cash and cash equivalents | — | ($1.9b) | $1.2b | $291.2m | $2.7b | ($2.7b) | $529.2m | $180.8m | $351.6m | |
| Cash and cash equivalents at the beginning of the year | — | $1.1b | $2.3b | $2.6b | $2.6b | $2.5b | $3.1b | $3.3b | $3.6b | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($2.7b) | $529.2m | $180.8m | $351.6m | |
| Interest Paid Classified As Financing Activities | — | ($588.2m) | $96.6m | $72.6m | ($79.0m) | $157.8m | $205.5m | $143.5m | $106.4m | |
| Income Taxes Paid Refund Classified As Operating Activities | — | ($214.0m) | $161.8m | $69.6m | $14.1m | $0 | $228.2m | $89.9m | $312.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.