TIM S.A. Cash Flow Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Year	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Net Income	1,671	2,957	1,828	3,622	2,545	1,235	750.43	2,085	1,549	1,506	Upgrade
Depreciation & Amortization	6,827	5,692	5,527	5,129	3,954	4,014	3,785	3,362	3,053	2,768	Upgrade
Share-Based Compensation	0	0	0	0	-1.42	10.92	3.8	4.5	5.69	4.24	Upgrade
Other Operating Activities	931.15	1,429	1,319	-1,686.38	-368.61	145.01	452.85	-1,173.73	1,834	991.77	Upgrade
Operating Cash Flow	9,429	10,078	8,674	7,065	6,129	5,404	4,992	4,278	6,441	5,270	Upgrade
Operating Cash Flow Growth	-6.44%	16.19%	22.78%	15.26%	13.42%	8.25%	16.69%	-33.58%	22.23%	2.96%	Upgrade
Capital Expenditures	-	-5,283.71	-3,891.31	-3,853.48	-3,831.91	-4,134.06	-4,368.69	-2,265.82	-6,850.89	-3,560.91	Upgrade
Acquisitions	-	1,096	21.96	0	0	0	0	0	0	0	Upgrade
Change in Investments	-	-2,502.03	-1,428.89	131.74	-21.46	-266.52	140.39	-539.12	-12.47	-6.04	Upgrade
Other Investing Activities	-	0.05	-156.55	9.1	22.95	-	-	-	-	-	Upgrade
Investing Cash Flow	-	-6,689.4	-5,454.79	-3,712.64	-3,830.42	-4,400.58	-4,228.3	-2,804.93	-6,863.36	-3,566.94	Upgrade
Dividends Paid	-	-1,042.98	-1,153.05	-770.14	-588.25	-332.66	-460.31	-360.45	-835.9	-734.11	Upgrade
Share Issuance / Repurchase	-	-11.07	0	0.44	5.32	-13.12	0	0	26.2	0	Upgrade
Debt Issued / Paid	-	2,646	799.45	102.73	-36.68	-2,842.91	-1,581.19	-449.25	1,301	-153.07	Upgrade
Other Financing Activities	-	-2,327.67	-2,574.24	-1,475.83	-3,564.54	17.68	305.34	809.09	-123.38	42.48	Upgrade
Financing Cash Flow	-	-735.37	-2,927.84	-2,142.8	-4,184.16	-3,171.01	-1,736.17	-0.61	367.69	-844.7	Upgrade
Net Cash Flow	-	2,653	291.24	1,209	-1,885.19	-2,167.47	-972.22	867.41	-54.65	857.86	Upgrade
Free Cash Flow	-	4,794	4,783	3,211	2,297	1,270	623.56	2,012	-409.87	1,709	Upgrade
Free Cash Flow Growth	-	0.25%	48.93%	39.77%	80.90%	103.68%	-69.01%	-	-	26.24%	Upgrade
Free Cash Flow Margin	-	26.55%	27.70%	18.48%	13.53%	7.82%	3.99%	11.74%	-2.10%	8.58%	Upgrade
Free Cash Flow Per Share	-	9.90	9.88	6.63	4.75	2.62	1.29	4.16	-0.85	-	Upgrade

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