TOTVS S.A. (BVMF:TOTS3)
Brazil · Delayed Price · Currency is BRL 32.67
-1.18 (-3.49%)
Nov 10, 2026, 3:51 PM GMT-3
TOTVS Cash Flow Statement
Financials in millions BRL. Fiscal year is January - December.
Millions BRL. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 1,420 | 891.74 | 717.51 | 734.82 | 498.14 | 368.49 |
Depreciation & Amortization | 245.09 | 245.46 | 221.57 | 194.07 | 175.04 | 146.92 |
Other Amortization | 203.34 | 95.63 | 91.69 | 88.73 | 61.08 | 52.27 |
Loss (Gain) From Sale of Assets | - | - | - | - | - | 9.57 |
Asset Writedown & Restructuring Costs | -9.01 | -5.04 | -9.61 | 1.4 | -1.5 | - |
Loss (Gain) on Equity Investments | 2.7 | -11.42 | 1.57 | -3.2 | 0.44 | 0.53 |
Stock-Based Compensation | 103.02 | 82.6 | 46.39 | 64.32 | 53.13 | 34.61 |
Provision & Write-off of Bad Debts | 108.07 | 59.62 | 54.67 | 36.39 | 26.91 | 20.59 |
Other Operating Activities | -397.48 | 135.65 | -12.29 | -72.03 | 217.32 | 103.13 |
Change in Accounts Receivable | -259.73 | -182.46 | -67.16 | -70.57 | -93.45 | -26.41 |
Change in Accounts Payable | 29.42 | 10.46 | 49.92 | 19.71 | 21.77 | -29.02 |
Change in Income Taxes | -119.37 | -49.77 | -43.83 | -73.5 | -82.91 | -22.96 |
Change in Other Net Operating Assets | -100.11 | -69.28 | -17.45 | 31.95 | 39.57 | -83.22 |
Operating Cash Flow | 1,226 | 1,203 | 1,033 | 952.11 | 915.56 | 574.5 |
Operating Cash Flow Growth | 12.44% | 16.48% | 8.49% | 3.99% | 59.37% | 54.54% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | -227.15 | -159.8 | -117.28 | -123.26 | -100.94 | -93.5 |
Sale of Property, Plant & Equipment | 11.23 | 11.25 | 10.82 | 3.51 | 3.07 | 4.24 |
Cash Acquisitions | -3,876 | -105.19 | -961.62 | -132.36 | -390.01 | -1,739 |
Divestitures | - | - | 41.81 | 0.05 | 6.52 | 5.47 |
Sale (Purchase) of Intangibles | -170.81 | -97.82 | -117.02 | -153.94 | -80.19 | -81.3 |
Investment in Securities | -71.99 | -60.33 | -47.03 | -24.84 | -20.08 | - |
Other Investing Activities | 959.31 | -543.33 | -62.57 | 414.3 | -169.09 | -77.98 |
Investing Cash Flow | -3,366 | -939.33 | -1,253 | -3.39 | -726.46 | -2,030 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Long-Term Debt Issued | - | - | 1,475 | 32.08 | 1,488 | 1,489 |
Total Debt Issued | 4,487 | - | 1,475 | 32.08 | 1,488 | 1,489 |
Long-Term Debt Repaid | - | -62.53 | -1,605 | -70.01 | -1,563 | -49.93 |
Lease Payments | -61.68 | -62.53 | -59.4 | -59.05 | -55.5 | -45.77 |
Net Debt Issued (Repaid) | 2,915 | -62.53 | -129.79 | -37.93 | -74.42 | 1,439 |
Issuance of Common Stock | - | - | - | - | - | 1,443 |
Repurchase of Common Stock | -876.15 | - | -571.37 | -109.39 | -108.97 | - |
Common Dividends Paid | -396.02 | -357.78 | -265.35 | -412.16 | -140.04 | -143.63 |
Other Financing Activities | - | - | - | 4.16 | -0.98 | 559.69 |
Financing Cash Flow | 1,643 | -420.31 | -966.51 | -555.32 | -324.41 | 3,299 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 Cash Flow | -496.96 | -156.46 | -1,187 | 393.4 | -135.31 | 1,843 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 999.11 | 1,043 | 915.71 | 828.85 | 814.62 | 481 |
Free Cash Flow Growth | 7.29% | 13.94% | 10.48% | 1.75% | 69.36% | 41.61% |
Free Cash Flow Margin | 14.06% | 18.08% | 18.63% | 18.67% | 21.48% | 16.16% |
Free Cash Flow Per Share | 1.69 | 1.74 | 1.51 | 1.35 | 1.32 | 0.82 |
Levered Free Cash Flow | 435.86 | 228.08 | 283.43 | 1,057 | -75.78 | 410.13 |
Unlevered Free Cash Flow | 787.84 | 391.81 | 411.13 | 1,206 | 73.73 | 464.48 |
Free Cash Flow After Leases | 937.43 | 980.85 | 856.31 | 769.79 | 759.13 | 435.23 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 492.95 | 198.61 | 177.83 | 224.92 | 176.39 | 64.03 |
Cash Income Tax Paid | 149.98 | 149.61 | 147.86 | 189.61 | 114.59 | 131.95 |
Change in Working Capital | -449.78 | -291.05 | -78.52 | -92.41 | -115.01 | -161.61 |