Telecomunicações Brasileiras S.A. - Telebras (BVMF:TELB4)

BVMF:TELB4 Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	182.44	-66.57	-127.36	-168.46	-126.82
Depreciation & Amortization	274.1	262.23	253.54	242.09	254.34
Other Amortization	-	7.81	-	-	-
Asset Writedown & Restructuring Costs	-	2.67	0.38	16.64	-
Loss (Gain) on Equity Investments	-0.37	1.01	2.25	6.5	6.27
Provision & Write-off of Bad Debts	2.81	2.75	1.31	-1.04	-0.52
Other Operating Activities	-153.95	-74.28	70.08	98.25	75.5
Change in Accounts Receivable	-242.19	-59.17	-72.33	-18.39	8.75
Change in Accounts Payable	7.43	1.3	-32.38	-38.49	-20.12
Change in Income Taxes	-25.53	-0.05	-12.09	-28.28	-15.08
Change in Other Net Operating Assets	7.4	43.94	43.8	-22.31	-30.44
Operating Cash Flow	52.13	121.64	127.22	86.51	151.88
Operating Cash Flow Growth	-57.14%	-4.39%	47.05%	-43.04%	19.59%
Capital Expenditures	-25.58	-41.77	-77.84	-53.27	-40.01
Investment in Securities	39.97	-	-	-	-
Investing Cash Flow	14.39	-41.77	-77.84	-53.27	-40.01
Long-Term Debt Repaid	-51.96	-50.94	-51.22	-55.23	-54.84
Net Debt Issued (Repaid)	-51.96	-50.94	-51.22	-55.23	-54.84
Issuance of Common Stock	1.92	14.49	44.41	30.86	-
Other Financing Activities	256.64	1.26	-14.47	70.9	71.92
Financing Cash Flow	206.61	-35.19	-21.29	46.53	17.08
Net Cash Flow	273.13	44.68	28.1	79.77	128.96
Free Cash Flow	26.55	79.86	49.39	33.24	111.88
Free Cash Flow Growth	-66.76%	61.71%	48.56%	-70.28%	25.74%
Free Cash Flow Margin	5.41%	19.28%	11.85%	9.56%	39.17%
Free Cash Flow Per Share	-	0.93	0.57	0.39	1.65
Cash Interest Paid	-	3.27	4.49	5.82	7.11
Cash Income Tax Paid	-	-	6.02	-	-
Levered Free Cash Flow	885.07	21.05	-96.13	36.46	129.52
Unlevered Free Cash Flow	1,057	150.49	40.54	168.31	192.33
Change in Working Capital	-252.9	-13.98	-73	-107.47	-56.89

Source: S&P Global Market Intelligence. Standard template. Financial Sources.