Telecom Italia S.p.A. (BIT:TIT)
Italy · Delayed Price · Currency is EUR 7.80
+0.09 (1.19%)
Aug 28, 2026, 5:35 PM CET
Telecom Italia Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 225 | 297 | -610 | -1,441 | -2,925 | -8,652 |
Depreciation & Amortization | 2,934 | 2,938 | 3,063 | 3,292 | 4,777 | 4,490 |
Loss (Gain) From Sale of Assets | -23 | -4 | -73 | -35 | -242 | -120 |
Asset Writedown & Restructuring Costs | 69 | 69 | 14 | -6 | 9 | 4,118 |
Loss (Gain) on Equity Investments | 19 | 23 | 20 | 29 | -23 | -38 |
Other Operating Activities | 284 | 298 | 844 | 1,347 | 271 | 252 |
Change in Accounts Receivable | -360 | -232 | 114 | -5 | -81 | 257 |
Change in Inventory | -57 | -12 | -10 | -11 | -35 | -39 |
Change in Accounts Payable | 280 | -98 | -70 | 28 | 484 | 337 |
Change in Income Taxes | 6 | 51 | 73 | -12 | -478 | -313 |
Change in Other Net Operating Assets | 102 | -752 | -276 | 153 | 493 | 150 |
Operating Cash Flow | 3,531 | 2,590 | 2,569 | 3,218 | 4,895 | 4,336 |
Operating Cash Flow Growth | 26.06% | 0.82% | -20.17% | -34.26% | 12.89% | -33.81% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -1,521 | -1,531 | -1,873 | -2,172 | -6,305 | -4,013 |
Sale of Property, Plant & Equipment | 98 | 95 | 278 | 3 | 62 | 4 |
Cash Acquisitions | -153 | -1 | -4 | 19 | -1,316 | - |
Divestitures | - | - | 4,169 | - | 1,278 | 172 |
Investment in Securities | -22 | -23 | -34 | -49 | -26 | -100 |
Other Investing Activities | -49 | -49 | -466 | 242 | 3 | 3 |
Investing Cash Flow | -1,389 | -1,428 | 4,934 | -3,339 | -5,335 | -5,117 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 1,103 | - | 241 | - | 704 |
Long-Term Debt Issued | - | 1,542 | 1,886 | 4,037 | 2,288 | 4,082 |
Total Debt Issued | 3,139 | 2,645 | 1,886 | 4,278 | 2,288 | 4,786 |
Short-Term Debt Repaid | - | - | -800 | - | -436 | - |
Long-Term Debt Repaid | - | -4,369 | -8,426 | -4,308 | -4,615 | -3,072 |
Total Debt Repaid | -4,719 | -4,369 | -9,226 | -4,308 | -5,051 | -3,072 |
Net Debt Issued (Repaid) | -1,580 | -1,724 | -7,340 | -30 | -2,763 | 1,714 |
Issuance of Common Stock | - | - | - | - | 2 | - |
Common Dividends Paid | -275 | -273 | -159 | -273 | -68 | -368 |
Other Financing Activities | 11 | 23 | 110 | -237 | -40 | 1,818 |
Financing Cash Flow | -2,536 | -1,974 | -7,389 | -540 | -2,869 | 3,164 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 45 | -8 | -102 | 18 | -40 | 13 |
Net Cash Flow | -349 | -820 | 12 | -643 | -3,349 | 2,396 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 2,010 | 1,059 | 696 | 1,046 | -1,410 | 323 |
Free Cash Flow Growth | 76.78% | 52.15% | -33.46% | - | - | -89.49% |
Free Cash Flow Margin | 14.28% | 7.66% | 5.08% | 7.31% | -8.93% | 2.11% |
Free Cash Flow Per Share | 1.07 | 0.50 | 0.33 | 0.49 | -0.66 | 0.15 |
Levered Free Cash Flow | 1,417 | 105.5 | 413.75 | 1,714 | -3,492 | 3,593 |
Unlevered Free Cash Flow | 2,033 | 703.63 | 1,258 | 2,688 | -2,666 | 4,334 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 1,068 | 1,105 | 1,838 | 1,931 | 1,668 | 1,440 |
Cash Income Tax Paid | 119 | 78 | 31 | 71 | -164 | 242 |
Change in Working Capital | -46 | -1,083 | -81 | 307 | 3,028 | 4,286 |