Telecom Italia Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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
Cash & Equivalents	1,767	2,924	2,912	3,555	6,904	4,829
Short-Term Investments	1,443	1,116	1,516	1,040	1,515	767
Trading Asset Securities	-	530	540	537	855	472
Cash & Short-Term Investments	3,210	4,570	4,968	5,132	9,274	6,068
Cash Growth	-20.58%	-8.01%	-3.20%	-44.66%	52.84%	47.25%
Accounts Receivable	4,077	2,404	3,137	2,960	2,751	2,985
Other Receivables	858	845	1,123	577	610	595
Receivables	4,935	3,249	4,260	3,537	3,361	3,580
Inventory	243	297	345	322	282	242
Other Current Assets	1,162	1,070	1,307	1,241	1,153	922
Total Current Assets	9,550	9,186	10,880	10,232	14,070	10,812
Property, Plant & Equipment	7,432	8,027	20,207	19,588	18,158	18,133
Long-Term Investments	430	1,050	1,740	2,209	5,170	4,796
Goodwill	11,054	11,030	19,170	19,111	18,568	22,847
Other Intangible Assets	5,557	6,011	7,122	7,656	7,147	6,740
Long-Term Accounts Receivable	38	40	112	49	45	43
Long-Term Deferred Tax Assets	524	513	701	769	3,513	7,496
Long-Term Deferred Charges	-	1,249	1,797	1,805	1,833	1,598
Other Long-Term Assets	2,108	557	430	608	683	769
Total Assets	36,693	37,663	62,159	62,027	69,187	73,234
Accounts Payable	6,302	4,351	5,441	5,295	5,161	4,133
Accrued Expenses	-	1,157	1,416	1,180	895	939
Current Portion of Long-Term Debt	3,515	3,870	5,771	5,039	5,945	3,677
Current Portion of Leases	507	523	838	870	651	631
Current Income Taxes Payable	32	44	27	34	295	271
Current Unearned Revenue	-	910	879	899	823	827
Other Current Liabilities	1,043	656	1,648	825	2,594	689
Total Current Liabilities	11,399	11,511	16,020	14,142	16,364	11,167
Long-Term Debt	8,085	8,728	21,284	21,739	23,437	23,655
Long-Term Leases	2,538	2,421	4,743	4,597	4,064	4,199
Long-Term Unearned Revenue	-	503	707	688	723	860
Pension & Post-Retirement Benefits	193	200	511	684	699	724
Long-Term Deferred Tax Liabilities	61	61	83	84	245	277
Other Long-Term Liabilities	1,114	878	1,298	1,368	1,616	3,512
Total Liabilities	23,390	24,302	44,646	43,302	47,148	44,394
Common Stock	11,623	11,677	11,677	11,677	11,677	11,677
Additional Paid-In Capital	-	-	575	2,133	2,133	2,133
Retained Earnings	-	-610	-1,441	-2,925	-8,652	7,224
Treasury Stock	-	-53	-57	-63	-63	-89
Comprehensive Income & Other	317	943	2,892	4,239	12,319	5,270
Total Common Equity	11,940	11,957	13,646	15,061	17,414	26,215
Minority Interest	1,363	1,404	3,867	3,664	4,625	2,625
Shareholders' Equity	13,303	13,361	17,513	18,725	22,039	28,840
Total Liabilities & Equity	36,693	37,663	62,159	62,027	69,187	73,234
Total Debt	14,645	15,542	32,636	32,245	34,097	32,162
Net Cash (Debt)	-11,435	-10,972	-27,668	-27,113	-24,823	-26,094
Net Cash Per Share	-	-0.52	-1.30	-1.28	-1.17	-1.18
Filing Date Shares Outstanding	-	21,261	21,252	21,241	21,241	21,196
Total Common Shares Outstanding	-	21,261	21,252	21,241	21,241	21,196
Working Capital	-1,849	-2,325	-5,140	-3,910	-2,294	-355
Book Value Per Share	-	0.56	0.64	0.71	0.82	1.24
Tangible Book Value	-4,671	-5,084	-12,646	-11,706	-8,301	-3,372
Tangible Book Value Per Share	-	-0.24	-0.60	-0.55	-0.39	-0.16
Land	-	46	229	232	232	229
Buildings	-	440	2,053	2,051	1,960	1,907
Machinery	-	21,715	76,604	74,149	70,852	70,125
Construction In Progress	-	486	1,051	833	842	798

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