BVMF:TELB3 Cash Flow Statement

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	-66.57	-127.36	-168.46	-126.82	-106.23	Upgrade
Depreciation & Amortization	270.04	246.57	242.09	254.34	214.81	Upgrade
Other Amortization	-	6.97	-	-	-	Upgrade
Loss (Gain) From Sale of Assets	2.67	-	-	-	-	Upgrade
Asset Writedown & Restructuring Costs	-	0.38	16.64	-	-	Upgrade
Loss (Gain) on Equity Investments	1.01	2.25	6.5	6.27	3.62	Upgrade
Provision & Write-off of Bad Debts	2.75	1.31	-1.04	-0.52	-1.05	Upgrade
Other Operating Activities	-74.28	70.08	98.25	75.5	38.37	Upgrade
Change in Accounts Receivable	-59.17	-72.33	-18.39	8.75	-1.04	Upgrade
Change in Accounts Payable	1.3	2.77	-38.49	-20.12	9.05	Upgrade
Change in Income Taxes	-0.05	-12.09	-28.28	-15.08	-12.41	Upgrade
Change in Other Net Operating Assets	43.94	43.8	-22.31	-30.44	-18.12	Upgrade
Operating Cash Flow	121.64	162.36	86.51	151.88	127.01	Upgrade
Operating Cash Flow Growth	-25.08%	87.67%	-43.04%	19.59%	-	Upgrade
Capital Expenditures	-41.77	-112.98	-53.27	-40.01	-38.03	Upgrade
Investment in Securities	-	-	-	-	-822.35	Upgrade
Investing Cash Flow	-41.77	-112.98	-53.27	-40.01	-860.38	Upgrade
Long-Term Debt Repaid	-50.94	-51.22	-55.23	-54.84	-34.97	Upgrade
Net Debt Issued (Repaid)	-50.94	-51.22	-55.23	-54.84	-34.97	Upgrade
Issuance of Common Stock	14.49	44.41	30.86	-	-	Upgrade
Other Financing Activities	1.26	-14.47	70.9	71.92	60.09	Upgrade
Financing Cash Flow	-35.19	-21.29	46.53	17.08	25.12	Upgrade
Net Cash Flow	44.68	28.1	79.77	128.96	-708.25	Upgrade
Free Cash Flow	79.86	49.39	33.24	111.88	88.98	Upgrade
Free Cash Flow Growth	61.71%	48.56%	-70.28%	25.74%	-	Upgrade
Free Cash Flow Margin	19.28%	11.85%	9.56%	39.17%	33.35%	Upgrade
Free Cash Flow Per Share	-	0.57	0.39	1.65	1.31	Upgrade
Cash Interest Paid	-	4.49	5.82	7.11	8.19	Upgrade
Cash Income Tax Paid	-	6.02	-	-	-	Upgrade
Levered Free Cash Flow	838.82	-131.27	35.34	129.52	-708.31	Upgrade
Unlevered Free Cash Flow	972.21	5.4	167.82	192.33	-652.52	Upgrade
Change in Net Working Capital	-731.74	90.56	-7.24	-14.2	800.21	Upgrade

Updated Mar 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.