TIM S.A. (BVMF: TIMS3)

TIM S.A. Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	25,092	23,834	21,531	18,058	17,268	17,377
Revenue Growth (YoY)	7.31%	10.70%	19.23%	4.58%	-0.63%	2.33%
Cost of Revenue	11,741	11,496	10,656	8,443	7,997	7,434
Gross Profit	13,351	12,337	10,875	9,615	9,271	9,943
Selling, General & Admin	7,697	7,502	7,405	6,345	6,099	6,704
Other Operating Expenses	32.79	37.76	29.43	21.99	56.38	48.16
Operating Expenses	7,729	7,540	7,434	6,367	6,156	6,752
Operating Income	5,622	4,798	3,440	3,248	3,116	3,191
Interest Expense	-2,323	-2,109	-2,237	-1,259	-925.94	-991.2
Interest & Investment Income	785.07	1,021	901.88	596.75	163.24	161.52
Earnings From Equity Investments	-83	-89.3	-61.59	-11.57	-	-
Currency Exchange Gain (Loss)	15.73	-7.06	5.01	0.66	-6.78	3.95
Other Non Operating Income (Expenses)	-181.57	-119.19	37.8	120.54	99.58	846.94
EBT Excluding Unusual Items	3,836	3,494	2,086	2,695	2,446	3,212
Gain (Loss) on Sale of Investments	-	-	-	1,613	-	-
Gain (Loss) on Sale of Assets	309.96	305.09	0.3	-844.21	-8.16	-4.84
Legal Settlements	-459.17	-615.36	-365.88	-360.94	-429.82	1,329
Pretax Income	3,686	3,184	1,721	3,103	2,008	4,536
Income Tax Expense	498.22	346.61	50.15	146.05	163.95	913.94
Net Income	3,188	2,837	1,671	2,957	1,844	3,622
Net Income to Common	3,188	2,837	1,671	2,957	1,844	3,622
Net Income Growth	39.03%	69.83%	-43.50%	60.39%	-49.10%	42.32%
Shares Outstanding (Basic)	2,420	2,421	2,420	2,420	2,421	2,420
Shares Outstanding (Diluted)	2,420	2,421	2,420	2,421	2,421	2,421
Shares Change (YoY)	-0.01%	0.02%	-0.02%	-0.02%	0.00%	-0.00%
EPS (Basic)	1.32	1.17	0.69	1.22	0.76	1.50
EPS (Diluted)	1.32	1.17	0.69	1.22	0.76	1.50
EPS Growth	40.15%	69.57%	-43.44%	60.53%	-49.21%	42.52%
Free Cash Flow	8,191	7,916	4,432	4,794	4,783	3,211
Free Cash Flow Per Share	3.38	3.27	1.83	1.98	1.98	1.33
Dividend Per Share	0.271	0.661	0.578	0.369	-	0.411
Dividend Growth	-53.21%	14.26%	56.88%	-	-	17.08%
Gross Margin	53.21%	51.76%	50.51%	53.24%	53.69%	57.22%
Operating Margin	22.41%	20.13%	15.98%	17.99%	18.04%	18.36%
Profit Margin	12.71%	11.90%	7.76%	16.38%	10.68%	20.84%
Free Cash Flow Margin	32.65%	33.21%	20.58%	26.55%	27.70%	18.48%
EBITDA	10,638	9,512	7,332	6,533	6,254	5,968
EBITDA Margin	42.39%	39.91%	34.05%	36.18%	36.22%	34.34%
D&A For EBITDA	5,016	4,714	3,891	3,286	3,138	2,777
EBIT	5,622	4,798	3,440	3,248	3,116	3,191
EBIT Margin	22.41%	20.13%	15.98%	17.99%	18.04%	18.36%
Effective Tax Rate	13.51%	10.89%	2.91%	4.71%	8.17%	20.15%
Advertising Expenses	-	565.26	565.27	459.81	377.18	355.23

Source: S&P Capital IQ. Standard template. Financial Sources.