Telecom Argentina S.A. (TEO)

Telecom Argentina Cash Flow 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
Net Income	-257,730	-257,730	-647,208	52,559	-16,803	-9,034
Depreciation & Amortization	704,147	704,147	775,984	814,484	241,741	120,675
Other Operating Activities	171,281	171,281	537,710	-78,247	68,944	56,720
Operating Cash Flow	617,698	617,698	666,486	788,796	293,882	168,361
Operating Cash Flow Growth	-7.32%	-7.32%	-15.51%	168.41%	74.55%	139.21%
Capital Expenditures	-263,939	-263,939	-365,141	-446,375	-153,583	-100,830
Acquisitions	-198,365	-198,365	-14,340	-13,988	236	380
Change in Investments	-127,805	-127,805	-136,885	-238,896	-80,977	11,882
Other Investing Activities	-3,598	-3,598	-152	953	-6,093	-3,345
Investing Cash Flow	-593,707	-593,707	-516,518	-698,306	-240,417	-91,913
Dividends Paid	0	0	0	0	-1,079	-73,007
Debt Issued / Paid	115,425	115,425	5,113	44,426	-42,915	37,768
Other Financing Activities	-187,465	-187,465	-147,735	-167,543	-61,307	-16,345
Financing Cash Flow	-72,040	-72,040	-142,622	-123,117	-105,301	-51,584
Exchange Rate Effect	83,098	83,098	-3,029	-16,601	3,911	5,920
Net Cash Flow	-48,049	-48,049	7,346	-32,627	-51,836	24,864
Free Cash Flow	353,759	353,759	301,345	342,421	140,299	67,531
Free Cash Flow Growth	17.39%	17.39%	-12.00%	144.07%	107.75%	1072.41%
Free Cash Flow Margin	17.18%	17.18%	13.27%	13.27%	15.82%	13.86%
Free Cash Flow Per Share	821.29	821.29	1148.40	1304.94	534.67	257.36

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