TIM S.A. (BVMF:TIMS3)

TIM S.A. Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	4,331	4,312	3,154	2,837	1,671	2,957
Depreciation & Amortization	6,054	6,095	6,089	6,139	5,684	4,527
Other Amortization	1,016	983.06	936.73	978.29	1,143	1,164
Loss (Gain) From Sale of Assets	-	-	-	-	-	-782.24
Asset Writedown & Restructuring Costs	13.83	14.82	13.89	93.3	-136.71	51.91
Loss (Gain) on Equity Investments	109.23	107.8	82.53	89.3	61.59	11.57
Stock-Based Compensation	15.72	17	22.35	-24.29	6.8	15.67
Provision & Write-off of Bad Debts	809.12	765.78	693.12	639.69	626.22	544.64
Other Operating Activities	2,575	2,433	2,816	2,053	2,210	1,363
Change in Accounts Receivable	-1,319	-988.14	-1,606	-867.37	-628.27	-583.35
Change in Inventory	-57.95	-63.68	38.25	-95.67	-33.57	44.05
Change in Accounts Payable	687.65	185.37	304.24	353.32	757.63	153.36
Change in Unearned Revenue	-212.61	-74.16	-61.14	-31.03	-49.45	-135.58
Change in Income Taxes	414.16	495.52	719.34	703.96	1,015	1,031
Change in Other Net Operating Assets	-826.53	-842.69	-871.17	-447.8	-3,166	-284.47
Operating Cash Flow	13,610	13,440	12,332	12,421	9,162	10,078
Operating Cash Flow Growth	3.25%	8.99%	-0.72%	35.56%	-9.09%	16.19%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-4,556	-4,541	-4,550	-4,504	-4,730	-5,284
Cash Acquisitions	-42.73	-	-	-443.1	-6,270	-
Divestitures	-	-	-	-	-	1,096
Sale (Purchase) of Intangibles	-	-84.98	-131.35	-53.76	-	-
Investment in Securities	968.2	510.76	-296.53	315.33	2,643	-2,502
Other Investing Activities	498.18	555.1	24.38	2.31	4.48	0.05
Investing Cash Flow	-3,133	-3,561	-4,954	-4,684	-8,353	-6,689

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	-	503.35	-	1,568	3,062
Long-Term Debt Repaid	-	-1,951	-3,252	-3,010	-2,132	-2,891
Net Debt Issued (Repaid)	-1,895	-1,951	-2,749	-3,010	-563.3	171.34
Issuance of Common Stock	-	-	-	-	4.69	-
Repurchase of Common Stock	-735.36	-748.27	-45	-2.82	-	-11.07
Common Dividends Paid	-5,168	-5,360	-2,720	-2,175	-1,199	-1,043
Other Financing Activities	-1,498	-1,469	-1,683	-2,020	-1,731	147.34
Financing Cash Flow	-9,296	-9,528	-7,197	-7,208	-3,489	-735.37

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	1,181	351.58	180.81	529.22	-2,680	2,653

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	9,054	8,899	7,781	7,916	4,432	4,794
Free Cash Flow Growth	4.71%	14.36%	-1.71%	78.63%	-7.56%	0.25%
Free Cash Flow Margin	33.49%	33.42%	30.58%	33.22%	20.58%	26.55%
Free Cash Flow Per Share	3.76	3.69	3.21	3.27	1.83	1.98
Levered Free Cash Flow	4,540	6,110	4,990	3,683	3,625	5,077
Unlevered Free Cash Flow	6,227	7,744	6,453	5,002	5,023	5,863

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	1,840	1,753	1,604	1,626	1,462	911.88
Cash Income Tax Paid	421.03	312.45	89.89	228.18	-	14.09
Change in Working Capital	-1,315	-1,288	-1,476	-384.59	-2,104	225.01

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 27, 2026

Data Sources Report a data error