Telecom Argentina S.A. (TEO)

Telecom Argentina Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,059,101	2,059,101	2,270,728	2,581,043	886,765	487,067
Revenue Growth (YoY)	-9.32%	-9.32%	-12.02%	191.06%	82.06%	38.39%
Cost of Revenue	704,949	704,949	769,747	893,802	289,871	167,050
Gross Profit	1,354,152	1,354,152	1,500,981	1,687,241	596,894	320,017
Selling, General & Admin	635,064	635,064	706,366	704,961	222,658	125,645
Other Operating Expenses	844,153	844,153	1,713,084	999,186	314,567	161,915
Operating Expenses	1,479,217	1,479,217	2,419,450	1,704,147	537,225	287,560
Operating Income	-125,065	-125,065	-918,469	-16,906	59,669	32,457
Interest Expense / Income	634,307	634,307	-92,625	-174,096	72,619	34,229
Other Expense / Income	-163,385	-163,385	-96,100	-97,474	-20,407	-21,854
Pretax Income	-595,987	-595,987	-729,744	254,664	7,457	20,082
Income Tax	-338,257	-338,257	-82,536	202,105	24,260	29,116
Net Income	-257,730	-257,730	-647,208	52,559	-16,803	-9,034
Shares Outstanding (Basic)	2,154	2,154	1,312	1,312	1,312	1,312
Shares Change	64.15%	64.15%	-	-	-	35.38%
EPS (Basic)	-598.35	-598.35	-1502.55	122.00	-39.00	-20.95
EPS (Diluted)	-598.35	-598.35	-1502.55	122.00	-39.00	-20.95
Free Cash Flow	353,759	353,759	301,345	342,421	140,299	67,531
Free Cash Flow Per Share	821.29	821.29	1148.40	1304.94	534.67	257.36
Dividend Per Share	0.245	0.245	0.314	0.403	0.346	1.354
Dividend Growth	-21.97%	-21.97%	-22.08%	16.47%	-74.45%	-42.31%
Gross Margin	65.76%	65.76%	66.10%	65.37%	67.31%	65.70%
Operating Margin	-6.07%	-6.07%	-40.45%	-0.66%	6.73%	6.66%
Profit Margin	-12.52%	-12.52%	-28.50%	2.04%	-1.89%	-1.85%
Free Cash Flow Margin	17.18%	17.18%	13.27%	13.27%	15.82%	13.86%
Effective Tax Rate	-	-	-	79.36%	325.33%	144.99%
EBITDA	742,467	742,467	-46,385	895,052	321,817	174,986
EBITDA Margin	36.06%	36.06%	-2.04%	34.68%	36.29%	35.93%
Depreciation & Amortization	704,147	704,147	775,984	814,484	241,741	120,675
EBIT	38,320	38,320	-822,369	80,568	80,076	54,311
EBIT Margin	1.86%	1.86%	-36.22%	3.12%	9.03%	11.15%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).