Telefônica Brasil S.A. (VIV)

Telefônica Brasil Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	7,167	6,168	5,548	5,029	4,085	6,239
Depreciation & Amortization	12,553	12,468	11,861	13,390	10,806	10,414
Other Amortization	2,748	2,477	2,341	-	1,853	1,625
Loss (Gain) From Sale of Assets	-542.22	-	-	-	-	-
Asset Writedown & Restructuring Costs	-594.24	-594.24	-405.09	-403.34	-708.48	-847.87
Loss (Gain) From Sale of Investments	-134.9	-134.9	-	-	-	-358.44
Loss (Gain) on Equity Investments	19.31	18.23	4.35	10.71	23.74	-117.26
Provision & Write-off of Bad Debts	1,641	1,491	1,523	1,363	1,316	1,436
Other Operating Activities	1,721	1,800	816.07	519.89	1,876	1,968
Change in Accounts Receivable	-3,384	-2,447	-1,662	-1,943	-854.32	-1,405
Change in Inventory	-514.98	-423.2	-311.24	-100.84	-179.61	-45.17
Change in Accounts Payable	22.53	507.95	1,097	800.25	231.89	1,046
Change in Income Taxes	742.8	1,101	443.77	2,045	1,505	-1,762
Change in Other Net Operating Assets	-1,232	-1,714	-1,380	-1,925	-1,013	-119.28
Operating Cash Flow	20,212	20,717	19,877	18,786	18,942	18,073
Operating Cash Flow Growth	0.34%	4.23%	5.81%	-0.82%	4.81%	-6.56%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-9,544	-9,458	-9,324	-8,811	-9,894	-9,295
Sale of Property, Plant & Equipment	1,306	436.54	376.59	434.45	778	760.25
Cash Acquisitions	-993.71	-1,065	-168.52	-63.8	-4,907	-
Investment in Securities	-53.66	-88.71	155.76	196.06	232.06	244.14
Other Investing Activities	788.65	156.96	45.51	393.65	-411.68	163.32
Investing Cash Flow	-8,496	-10,018	-8,915	-7,851	-14,203	-8,128

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	20	83.08	30.03	4,500	-
Long-Term Debt Repaid	-	-5,232	-3,495	-4,452	-6,986	-3,901
Net Debt Issued (Repaid)	-3,854	-5,212	-3,412	-4,422	-2,486	-3,901
Repurchase of Common Stock	-4,243	-3,819	-2,761	-488.76	-607.44	-496
Common Dividends Paid	-2,821	-2,187	-2,532	-3,833	-5,709	-4,901
Other Financing Activities	-557.78	859.52	76.26	-107.2	-110.62	40.04
Financing Cash Flow	-11,476	-10,359	-8,629	-8,850	-8,914	-9,258

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	239.67	341.24	2,333	2,084	-4,175	686.4

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	10,668	11,260	10,552	9,975	9,048	8,777
Free Cash Flow Growth	2.40%	6.70%	5.79%	10.24%	3.08%	-20.59%
Free Cash Flow Margin	16.98%	18.89%	18.90%	19.14%	18.83%	19.93%
Free Cash Flow Per Share	3.34	3.49	3.21	3.01	2.71	2.61
Levered Free Cash Flow	10,924	10,239	9,774	7,950	5,820	6,249
Unlevered Free Cash Flow	12,971	12,187	11,473	9,608	7,192	6,826

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	2,259	2,309	2,078	2,054	1,532	853.81
Cash Income Tax Paid	934.29	896.21	862.06	901.69	1,114	97.38
Change in Working Capital	-4,366	-2,975	-1,812	-1,123	-309.87	-2,285

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Nov 10, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 15, 2026

Data Sources Report a data error