TIM S.A. (TIMB)

TIM S.A. Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	23,834	23,834	21,531	18,058	17,268	17,377
Revenue Growth (YoY)	10.70%	10.70%	19.23%	4.58%	-0.63%	2.33%
Cost of Revenue	11,496	11,496	10,656	8,443	7,997	7,434
Gross Profit	12,337	12,337	10,875	9,615	9,271	9,943
Selling, General & Admin	7,502	7,502	7,405	6,345	6,116	6,704
Other Operating Expenses	28.78	28.78	248.37	-497.77	351.85	-1,275.54
Operating Expenses	7,531	7,531	7,653	5,847	6,468	5,429
Operating Income	4,807	4,807	3,222	3,768	2,803	4,515
Interest Expense / Income	2,766	2,766	2,763	1,745	1,242	1,408
Other Expense / Income	-1,143.39	-1,143.39	-1,262.37	-1,080.84	-431.63	-1,429.26
Pretax Income	3,184	3,184	1,721	3,103	1,992	4,536
Income Tax	346.61	346.61	50.15	146.05	164.15	913.94
Net Income	2,837	2,837	1,671	2,957	1,828	3,622
Net Income Growth	69.83%	69.83%	-43.50%	61.75%	-49.53%	42.32%
Shares Outstanding (Basic)	2,421	2,421	2,421	2,421	2,421	2,421
Shares Change	-	-	-	-0.01%	-	-
EPS (Basic)	5.85	5.85	3.45	6.10	3.80	7.50
EPS (Diluted)	5.85	5.85	3.45	6.10	3.80	7.50
EPS Growth	69.57%	69.57%	-43.44%	60.53%	-49.33%	42.86%
Free Cash Flow	7,916	7,916	4,432	4,621	4,783	3,211
Free Cash Flow Per Share	16.35	16.35	9.15	9.54	9.88	6.63
Dividend Per Share	0.638	0.638	0.520	0.293	0.446	0.396
Dividend Growth	22.69%	22.69%	77.47%	-34.30%	12.63%	24.92%
Gross Margin	51.76%	51.76%	50.51%	53.25%	53.69%	57.22%
Operating Margin	20.17%	20.17%	14.96%	20.86%	16.23%	25.98%
Profit Margin	11.90%	11.90%	7.76%	16.38%	10.59%	20.84%
Free Cash Flow Margin	33.21%	33.21%	20.58%	25.59%	27.70%	18.48%
Effective Tax Rate	10.89%	10.89%	2.91%	4.71%	8.24%	20.15%
EBITDA	13,067	13,067	11,311	10,540	8,762	11,073
EBITDA Margin	54.83%	54.83%	52.53%	58.37%	50.74%	63.72%
Depreciation & Amortization	7,117	7,117	6,827	5,692	5,527	5,129
EBIT	5,950	5,950	4,484	4,848	3,235	5,944
EBIT Margin	24.96%	24.96%	20.83%	26.85%	18.73%	34.21%

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