Telecom Argentina S.A. (TEO)

Telecom Argentina Balance Sheet

Financials in millions ARS. 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
Cash & Equivalents	182,810	159,774	124,725	38,665	27,965	34,827
Short-Term Investments	162,829	123,969	26,074	21,010	7,804	584
Trading Asset Securities	-	1,549	365	-	-	-
Cash & Short-Term Investments	345,639	285,292	151,164	59,675	35,769	35,411
Cash Growth	152.00%	88.73%	153.31%	66.83%	1.01%	178.61%
Accounts Receivable	255,798	132,868	117,139	43,934	28,612	23,096
Other Receivables	34,712	26,815	32,629	3,557	5,991	4,427
Receivables	290,510	159,683	149,768	47,491	34,603	27,523
Inventory	53,100	31,529	20,079	6,068	5,618	4,373
Prepaid Expenses	22,092	9,402	17,056	9,944	2,332	1,600
Other Current Assets	6,419	6,495	13,762	3,730	2,074	222
Total Current Assets	717,760	492,401	351,829	126,908	80,396	69,129
Property, Plant & Equipment	4,454,518	2,449,841	2,636,940	935,813	507,332	347,494
Long-Term Investments	12,755	24,245	20,689	6,282	3,248	2,891
Goodwill	3,119,743	1,543,964	1,540,713	738,457	380,234	252,052
Other Intangible Assets	1,766,959	899,703	783,191	276,485	154,487	110,246
Long-Term Accounts Receivable	382	252	368	140	89	112
Long-Term Deferred Tax Assets	27,170	13,815	7,698	1,282	622	399
Long-Term Deferred Charges	-	6,723	10,298	4,239	2,532	2,142
Other Long-Term Assets	94,305	46,659	32,426	12,196	6,223	2,632
Total Assets	10,193,592	5,477,603	5,384,152	2,101,802	1,135,163	787,097
Accounts Payable	392,697	356,854	277,954	95,899	59,408	43,515
Accrued Expenses	239,916	130,288	148,178	51,085	27,205	18,100
Short-Term Debt	154,546	23,514	23,698	23,734	5,967	13,219
Current Portion of Long-Term Debt	899,685	540,531	395,326	102,626	56,828	34,812
Current Portion of Leases	63,237	28,736	28,656	11,940	5,035	3,593
Current Income Taxes Payable	2,160	1,562	976	27,129	100	48
Current Unearned Revenue	21,283	9,680	12,356	5,236	2,295	1,831
Other Current Liabilities	17,986	15,553	10,678	4,895	3,236	1,938
Total Current Liabilities	1,791,510	1,106,718	897,822	322,544	160,074	117,056
Long-Term Debt	1,634,127	1,565,617	1,044,294	393,583	239,390	158,897
Long-Term Leases	114,770	59,909	61,331	24,906	10,515	4,999
Long-Term Unearned Revenue	2,099	1,526	2,602	1,159	604	1,158
Long-Term Deferred Tax Liabilities	1,332,521	461,142	797,867	263,423	120,261	71,549
Other Long-Term Liabilities	76,879	35,012	47,149	23,813	16,738	11,165
Total Liabilities	4,956,216	3,232,173	2,853,801	1,030,688	548,219	365,270
Common Stock	2,154	2,154	2,154	2,154	2,154	2,154
Additional Paid-In Capital	2,389,872	1,262,984	2,116,012	709,279	-	266,701
Retained Earnings	1,041,481	-206,712	-596,190	32,330	-695	5,915
Comprehensive Income & Other	1,705,069	1,109,453	957,890	310,654	575,826	140,565
Total Common Equity	5,138,576	2,167,879	2,479,866	1,054,417	577,285	415,335
Minority Interest	98,800	77,551	50,485	16,697	9,659	6,492
Shareholders' Equity	5,237,376	2,245,430	2,530,351	1,071,114	586,944	421,827
Total Liabilities & Equity	10,193,592	5,477,603	5,384,152	2,101,802	1,135,163	787,097
Total Debt	2,866,365	2,218,307	1,553,305	556,789	317,735	215,520
Net Cash (Debt)	-2,520,726	-1,933,015	-1,402,141	-497,114	-281,966	-180,109
Net Cash Per Share	-1170.42	-897.54	-651.04	-230.82	-130.92	-83.63
Filing Date Shares Outstanding	2,154	2,154	2,154	2,154	2,154	2,154
Total Common Shares Outstanding	2,154	2,154	2,154	2,154	2,154	2,154
Working Capital	-1,073,750	-614,317	-545,993	-195,636	-79,678	-47,927
Book Value Per Share	2385.94	1006.59	1151.45	489.59	268.04	192.85
Tangible Book Value	251,874	-275,788	155,962	39,475	42,564	53,037
Tangible Book Value Per Share	116.95	-128.05	72.42	18.33	19.76	24.63
Machinery	-	1,353,695	1,250,862	363,285	157,811	89,433
Construction In Progress	-	159,466	183,241	76,295	58,451	48,613

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