Transportadora de Gas del Sur S.A. (TGS)

TGS Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	494,845	420,860	486,945	67,371	219,158	126,968
Depreciation & Amortization	163,418	201,961	170,574	173,677	132,729	58,299
Other Adjustments	372,528	323,222	183,081	395,301	158,388	92,775
Change in Receivables	-76,688	-70,313	-158,986	-111,382	-52,982	-33,879
Changes in Inventories	1,048	-6,700	5,268	-16,717	-4,502	-3,628
Changes in Accounts Payable	45,396	46,867	40,062	84,096	30,107	16,384
Changes in Accrued Expenses	-51,242	-56,144	-14,073	-30,845	-28,869	-19,062
Changes in Income Taxes Payable	-213,488	-20,061	-5,250	-32,027	-174,196	-26,035
Changes in Unearned Revenue	-7,772	-10,052	-13,178	56,102	5,569	-2,823
Changes in Other Operating Activities	-123,892	-111,922	-57,529	-42,519	-45,247	-25,195
Operating Cash Flow	609,831	551,667	636,915	543,056	240,154	183,804
Operating Cash Flow Growth	-2.43%	-13.38%	17.28%	126.13%	30.66%	119.24%
Capital Expenditures	-312,975	-320,463	-381,243	-386,966	-171,619	-58,528
Purchases of Investments	-837,698	-628,013	-125,086	-204,380	-101,097	-126,277
Proceeds from Sale of Investments	250,140	493,982	-	-	-	-
Other Investing Activities	7,798	-	-	-	-	1,104
Investing Cash Flow	-1,012,060	-454,494	-506,328	-591,346	-272,715	-183,701
Long-Term Debt Issued	881,064	887,257	770,028	102,394	41,806	-
Long-Term Debt Repaid	-37,611	-582.14	-810,265	-31,198	-17,216	-5,821
Net Long-Term Debt Issued (Repaid)	843,452	886,674	-40,237	71,195	24,590	-5,821
Common Dividends Paid	-118,210	-231,152	-	-	-	-
Other Financing Activities	-616.5	-828.25	-1,001	-573.75	-	-
Financing Cash Flow	753,056	654,694	-41,239	70,622	24,590	-5,821
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-129,134	-42,853	-29,583	-34,248	-	-11,984
Net Cash Flow	350,828	751,867	89,348	22,332	-7,971	-5,718
Free Cash Flow	296,857	231,204	255,673	156,091	68,536	125,275
Free Cash Flow Growth	28.40%	-9.57%	63.80%	127.75%	-45.29%	105.39%
FCF Margin	17.14%	-	-	-	6.14%	23.21%
Free Cash Flow Per Share	1971.79	1535.71	1698.23	1036.79	455.23	832.11
Levered Free Cash Flow	503,927	610,162	-295,606	-124,004	-12,280	60,558
Unlevered Free Cash Flow	-138,990	-276,513	-255,368	-195,199	-23,246	67,945

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q