Telecom Argentina S.A. (TEO)
NYSE: TEO · Real-Time Price · USD
13.28
+0.22 (1.68%)
Aug 31, 2026, 4:00 PM EDT - Market closed
Telecom Argentina Cash Flow Statement
Financials in millions ARS. Fiscal year is January - December.
Millions ARS. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 217,220 | 636,682 | 119,150 | -205,364 | -230,002 | 118,100 | 95,081 | 49,308 | 139,161 | 1,048,255 | -812,472 | 110,669 | 32,892 | 107,669 | -254,345 | -460,253 | 19,327 | 48,063 | 16,223 | 3,943 |
Depreciation & Amortization | 619,023 | 523,830 | 635,985 | 532,684 | 660,180 | 450,193 | 483,446 | 447,577 | 413,724 | 363,628 | 437,445 | 441,947 | 371,591 | 263,213 | 381,893 | 193,778 | 111,207 | 76,027 | 85,956 | 79,508 |
Other Amortization | - | - | 48,368 | - | - | - | 18,137 | - | - | - | 19,181 | - | - | - | 13,079 | - | - | - | 5,180 | - |
Loss (Gain) From Sale of Assets | 1,750 | 8,604 | 119,062 | 22,462 | -2,636 | 10,340 | 872 | 395 | 423 | 527 | 1,105 | -502 | 234 | 268 | 5,703 | 2,865 | 5,329 | 1,156 | 1,189 | 1,164 |
Asset Writedown & Restructuring Costs | 45,668 | 66,869 | 69,074 | 38,710 | 54,269 | 36,893 | 28,037 | 29,566 | 12,616 | 29,641 | 14,469 | 26,688 | 22,290 | 23,074 | 283,949 | 514,984 | 8,274 | 12,081 | 6,502 | 6,096 |
Loss (Gain) on Equity Investments | 4,195 | -37,019 | -331 | 2,329 | 2,451 | -122 | 4,311 | 6,639 | 2,025 | 2,119 | 471 | 627 | 4,661 | -1,648 | -1,735 | -505 | -65 | -245 | -386 | -195 |
Other Operating Activities | 36,842 | -298,341 | 2,602 | 332,022 | 342,279 | -4,162 | -212,247 | -203,413 | -297,517 | -1,149,131 | 522,332 | -296,571 | -192,858 | -152,442 | -120,331 | -88,337 | -46,711 | -51,282 | -25,164 | -15,672 |
Change in Accounts Receivable | -50,293 | -74,334 | -22,804 | -113,011 | -9,926 | -108,732 | -95,620 | -30,148 | -84,688 | -132,676 | -194,970 | -72,588 | -57,942 | -62,036 | -67,778 | -16,765 | -4,422 | -13,986 | -9,610 | -3,868 |
Change in Inventory | 4,680 | -3,102 | 17,979 | 53,074 | 642 | -219 | -8,682 | -9,832 | 27,912 | -17,801 | -7,755 | -30,640 | -1,886 | -5,166 | 400 | -2,678 | -6,276 | 1,236 | -123 | -532 |
Change in Accounts Payable | 215,178 | -22,687 | 72,183 | 17,207 | -102,091 | -41,275 | 42,878 | -118,915 | 31,159 | 72,372 | 398,405 | 152,056 | 128,026 | 58,114 | 130,202 | 9,717 | 24,764 | 7,659 | 5,219 | 583 |
Change in Other Net Operating Assets | -147,212 | -35,197 | 28,213 | -70,604 | -160,610 | -98,277 | 80,175 | 1,730 | -53,594 | 50,063 | 22,999 | 113,867 | -14,767 | -24,928 | -15,895 | -4,789 | -23,186 | -5,623 | 2,713 | 2,186 |
Operating Cash Flow | 947,051 | 765,305 | 1,089,481 | 609,509 | 554,556 | 362,739 | 436,388 | 172,907 | 191,221 | 266,997 | 401,210 | 445,553 | 292,241 | 206,118 | 355,142 | 148,017 | 88,241 | 75,086 | 87,699 | 73,213 |
Operating Cash Flow Growth (YoY) | 70.78% | 110.98% | 149.66% | 252.51% | 190.01% | 35.86% | 8.77% | -61.19% | -34.57% | 29.54% | 12.97% | 201.01% | 231.19% | 174.51% | 304.96% | 102.17% | 77.73% | 75.68% | 111.74% | 90.45% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -633,092 | -439,014 | -666,481 | -279,123 | -321,964 | -224,856 | -186,653 | -32,747 | -132,471 | -106,082 | -206,502 | -176,113 | -123,542 | -68,606 | -191,826 | -82,405 | -45,566 | -45,344 | -53,854 | -38,556 |
Sale of Property, Plant & Equipment | 13,532 | 1,199 | 3,219 | 19,403 | 17,077 | 2,394 | 3,279 | 523 | -26 | 4,001 | 1,644 | 633 | 234 | 4 | 388 | 188 | 484 | 55 | 160 | 100 |
Cash Acquisitions | - | - | -94,996 | -68,086 | -96,546 | -1,427,173 | -1,217 | -9,894 | -7,126 | - | -10,350 | 4,057 | -4,057 | - | -440 | -215 | -612 | - | - | - |
Divestitures | -2,760 | -40,800 | 13,312 | 18,253 | 2,933 | 119 | 378 | 3,684 | 1,124 | - | 4,959 | 47,559 | - | - | - | - | - | - | - | - |
Sale (Purchase) of Intangibles | -28,306 | -26,795 | -48,200 | -35,001 | -43,200 | -26,743 | -21,243 | -14,241 | -15,797 | -9,342 | -396,554 | -29,040 | -5,690 | -3,305 | -7,775 | -5,324 | -1,971 | -1,185 | -1,670 | -1,655 |
Investment in Securities | -116,460 | -77,359 | -154,558 | -211,825 | 94,314 | 8,045 | 29,786 | 45,741 | 177,041 | -238,639 | 26,915 | -67,642 | -71,811 | -165,775 | -46,728 | -26,020 | -33,017 | -31,120 | -14,077 | -18,131 |
Other Investing Activities | 1,328 | - | 1,727 | - | - | - | 411 | 4,065 | 627 | 438 | 731 | 557 | 1,334 | - | 1,412 | 130 | 73 | 300 | 70 | 68 |
Investing Cash Flow | -765,758 | -582,769 | -945,977 | -556,379 | -347,386 | -1,668,214 | -175,259 | -2,869 | 23,372 | -349,624 | -579,157 | -219,989 | -203,532 | -237,682 | -244,969 | -113,646 | -80,609 | -77,294 | -69,371 | -58,174 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Long-Term Debt Issued | - | 1,022,173 | - | - | - | 1,883,100 | - | - | - | 298,093 | - | - | - | 163,080 | - | - | - | 38,148 | - | - |
Total Debt Issued | 208,107 | 1,022,173 | 469,367 | 958,476 | 1,498,127 | 1,883,100 | 463,701 | 742,030 | 70,171 | 298,093 | 317,295 | 241,710 | 123,206 | 163,080 | 86,306 | 124,997 | 15,915 | 38,148 | 45,805 | 24,638 |
Long-Term Debt Repaid | - | -809,303 | - | - | - | -373,635 | - | - | - | -135,824 | - | - | - | -82,609 | - | - | - | -18,915 | - | - |
Total Debt Repaid | -492,074 | -809,303 | -370,336 | -1,006,044 | -1,520,176 | -373,635 | -452,695 | -814,222 | -228,032 | -135,824 | -202,871 | -214,593 | -93,864 | -82,609 | -126,355 | -101,885 | -13,098 | -18,915 | -47,100 | -22,860 |
Net Debt Issued (Repaid) | -283,967 | 212,870 | 99,031 | -47,568 | -22,049 | 1,509,465 | 11,006 | -72,192 | -157,861 | 162,269 | 114,424 | 27,117 | 29,342 | 80,471 | -40,049 | 23,112 | 2,817 | 19,233 | -1,295 | 1,778 |
Common Dividends Paid | - | - | -20,286 | - | - | - | - | - | - | - | - | - | - | - | -1,332 | -1,536 | -959 | - | -790 | -118 |
Other Financing Activities | -198,032 | -148,025 | -208,660 | 10,890 | -341,850 | -104,495 | -132,748 | -117,982 | -106,937 | -119,145 | -94,672 | -208,017 | -87,324 | -70,736 | -68,440 | -41,337 | -16,794 | -17,337 | -15,615 | -18,389 |
Financing Cash Flow | -481,999 | 64,845 | -129,915 | -36,678 | -363,899 | 1,404,970 | -121,742 | -190,174 | -264,798 | 43,124 | 19,752 | -180,900 | -57,982 | 9,735 | -109,821 | -19,761 | -14,936 | 1,896 | -17,700 | -16,729 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | -8,259 | -85,240 | 27,064 | 28,624 | 20,906 | -10,981 | 5,151 | 7,047 | 22,711 | -103,405 | 178,031 | 9,781 | -905 | -5,950 | 4,043 | -2,814 | -1,437 | -2,821 | -1,242 | -2,346 |
Net Cash Flow | -308,965 | 162,141 | 40,653 | 45,076 | -135,823 | 88,514 | 144,538 | -13,089 | -27,494 | -142,908 | 19,836 | 54,445 | 29,822 | -27,779 | 4,395 | 11,796 | -8,741 | -3,133 | -614 | -4,036 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 313,959 | 326,291 | 423,000 | 330,386 | 232,592 | 137,883 | 249,735 | 140,160 | 58,750 | 160,915 | 194,708 | 269,440 | 168,699 | 137,512 | 163,316 | 65,612 | 42,675 | 29,742 | 33,845 | 34,657 |
Free Cash Flow Growth (YoY) | 34.98% | 136.64% | 69.38% | 135.72% | 295.90% | -14.31% | 28.26% | -47.98% | -65.18% | 17.02% | 19.22% | 310.66% | 295.31% | 362.35% | 382.54% | 89.32% | 102.48% | 45.93% | 172.39% | 62.93% |
Free Cash Flow Margin | 12.27% | 12.96% | 15.63% | 16.00% | 9.12% | 7.15% | 14.82% | 10.82% | 4.41% | 14.23% | 14.99% | 26.15% | 14.46% | 13.92% | 14.22% | 18.57% | 9.04% | 10.02% | 11.57% | 19.67% |
Free Cash Flow Per Share | 145.78 | 151.50 | 196.41 | 153.41 | 108.00 | 64.02 | 115.96 | 65.08 | 27.28 | 74.72 | 90.41 | 125.11 | 78.33 | 63.85 | 75.83 | 30.46 | 19.82 | 13.81 | 15.71 | 16.09 |
Levered Free Cash Flow | 173,031 | 363,681 | 309,442 | 206,493 | 215,635 | 621,053 | 470,116 | 356,226 | 175,149 | -159,656 | 305,531 | 237,057 | 196,812 | -376.38 | 292,474 | 98,688 | 54,836 | -20,680 | 91,091 | 43,037 |
Unlevered Free Cash Flow | 233,482 | 453,702 | 419,799 | 303,916 | 281,465 | 672,845 | 507,009 | 378,929 | 196,958 | -132,414 | 328,586 | 252,128 | 218,392 | 19,508 | 308,686 | 102,418 | 63,835 | -20,523 | 98,676 | 47,243 |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Cash Interest Paid | 146,685 | 148,025 | 207,296 | - | 326,963 | 104,495 | 95,663 | 117,322 | 95,884 | 119,145 | 92,735 | 199,915 | 87,324 | 70,736 | 68,440 | 41,337 | 16,794 | 17,337 | 15,500 | 18,389 |
Cash Income Tax Paid | 49,508 | 644 | 4,120 | 5,677 | 6,254 | 711 | 939 | 4,627 | 3,744 | 393 | 4,706 | 3,102 | 2,211 | 1,133 | 26,351 | - | 9,295 | 1,473 | 1,625 | 1,436 |
Change in Working Capital | 22,353 | -135,320 | 95,571 | -113,334 | -271,985 | -248,503 | 18,751 | -157,165 | -79,211 | -28,042 | 218,679 | 162,695 | 53,431 | -34,016 | 46,929 | -14,515 | -9,120 | -10,714 | -1,801 | -1,631 |