TIM S.A. (TIMB)

TIM S.A. Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	2,837	1,671	2,957	1,828	3,622
Depreciation & Amortization	7,117	6,827	5,692	5,527	5,129
Other Operating Activities	2,466	664.33	1,256	1,319	-1,686.38
Operating Cash Flow	12,421	9,162	9,905	8,674	7,065
Operating Cash Flow Growth	35.56%	-7.50%	14.19%	22.78%	15.26%
Capital Expenditures	-4,504.31	-4,730.43	-5,283.71	-3,891.31	-3,853.48
Acquisitions	0	0	0	21.96	0
Change in Investments	315.33	2,643	-2,328.96	-1,428.89	131.74
Other Investing Activities	-494.55	-6,265.48	1,096	-156.55	9.1
Investing Cash Flow	-4,683.54	-8,353.13	-6,516.33	-5,454.79	-3,712.64
Dividends Paid	-2,174.93	-1,199.2	-1,042.98	-1,153.05	-770.14
Share Issuance / Repurchase	0	0	0	0	0.44
Debt Issued / Paid	-1,812.51	-1,566.34	-1,179.72	872.1	102.73
Other Financing Activities	-3,220.46	-723.49	1,487	-2,646.89	-1,475.83
Financing Cash Flow	-7,207.9	-3,489.03	-735.37	-2,927.84	-2,142.8
Net Cash Flow	529.22	-2,679.9	2,653	291.24	1,209
Free Cash Flow	7,916	4,432	4,621	4,783	3,211
Free Cash Flow Growth	78.62%	-4.10%	-3.37%	48.93%	39.77%
Free Cash Flow Margin	33.21%	20.58%	25.59%	27.70%	18.48%
Free Cash Flow Per Share	16.35	9.15	9.54	9.88	6.63

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