Telecom Argentina S.A. (TEO) quarterly cash flow statement — complete operating, investing & financing history
Telecom Argentina S.A. (TEO) cash flow statement — 28-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 947.05B | 765.3B | 980.28B | 508.69M | 149.53M | 362.74B | 332.49B | 150.35B | 191.22B | 171.23B | 312.23B | 445.55B | 292.24B | 53.14B | 83.36B | 148.02B | 88.24B | 75.09B | 39.56B | 73.21B |
| Operating CF Growth % | - | 110.98% | 194.83% | -99.66% | -99.92% | 111.84% | 6.49% | -66.26% | -34.57% | 222.22% | 274.54% | 201.01% | 231.19% | -29.23% | 110.73% | 102.17% | 77.73% | 75.68% | 33.91% | 90.45% |
| Operating CF / Revenue % | 37.02% | 32.46% | 36.22% | 0.02% | 0.01% | 20.08% | 25.87% | 15.29% | 16.02% | 16.06% | 30.36% | 43.25% | 116.27% | 6.38% | 32.28% | 41.9% | 32.26% | 31.31% | 29.85% | 41.56% |
| Net Income | 174.15B | 642.98B | 120.3B | -150.82M | -155.13M | 123.59B | 81.34B | 56.28B | 54.61B | 675.03B | -334.85B | -61.24B | 35.93B | 27.76B | -42.14B | -458.31B | 20.21B | 48.51B | 8.91B | 4.62B |
| Depreciation & Amortization | 619.02B | 523.83B | 725.84B | 366.87M | 412.8M | 450.19B | 382.76B | 447.58B | 281.06B | 233.2B | 355.69B | -286.34B | 86.86B | 67.86B | 89.29B | 73.05B | 10.82B | 76.03B | 41.16B | 79.51B |
| Deferred Taxes | 0 | 320.66B | -25.53B | -5.31M | -60.41M | 158.79B | -12.94B | 52.12B | 150.68B | 210.83B | -262.4B | -38.27B | -94B | -11.77B | -30.8B | 13.64B | -3.35B | -57M | 2.36B | 14.55B |
| Other Non-Cash Items | 131.44B | -586.85B | 17.13B | 368.03M | 132.7M | -121.33B | -132.61B | 274.1B | -236.19B | -929.85B | 377.03B | 831.41B | 210.02B | -19.06B | 63.8B | 524.85B | 59.04B | -38.68B | -12.48B | -25.48B |
| Working Capital Changes | 22.44B | -135.32B | 142.54B | -70.08M | -180.42M | -248.5B | 13.94B | -123.76B | -58.95B | -17.98B | 176.76B | 0 | 53.43B | -11.65B | 3.22B | -5.21B | 1.51B | -10.71B | -397M | 18M |
| Capital Expenditures | -633.09B | -465.81B | -744.09B | -371.6M | -215.57M | -1.67T | -158.41B | 76.46B | -115.11B | -224.22B | -579.16B | -77.35B | -57.48B | -237.68B | -46.18B | -87.73B | -80.61B | -77.29B | -25.44B | -40.21B |
| CapEx / Revenue % | 24.75% | 18.62% | 29.4% | 0.02% | 0.01% | 92.37% | 11.07% | 7.78% | 9.64% | 21.03% | 56.32% | 7.51% | 22.87% | 28.53% | 17.24% | 23.33% | 29.47% | 32.23% | 18.64% | 21.89% |
| CapEx / D&A | 1.02x | 0.84x | 1.10x | 1.01x | 0.59x | 3.71x | 0.37x | 0.17x | 0.41x | 0.96x | 1.63x | -0.27x | 0.66x | 3.50x | 0.50x | 1.13x | 7.45x | 1.02x | 0.60x | 0.48x |
| CapEx Coverage (OCF/CapEx) | 1.50x | 1.74x | 1.23x | 1.37x | 0.61x | 0.22x | 2.34x | 1.97x | 1.66x | 0.76x | 0.54x | 5.76x | 5.08x | 0.22x | 1.87x | 1.80x | 1.09x | 0.97x | 1.60x | 1.90x |
| Cash from Investing | -765.92B | -582.77B | -991.33B | -371.6M | -191.5M | -1.67T | -133.62B | 76.46B | 23.37B | -224.22B | -579.16B | -112.09B | -57.48B | -237.68B | -51.91B | -113.65B | -80.61B | -77.29B | -30.5B | -58.17B |
| Acquisitions | 0 | -42.51B | -36.11B | 35.29M | -13.73M | -1.43T | -4.36B | -4.16B | -4.83B | 3.1M | 1.75B | -162M | -1.03B | 0 | -7M | -8M | -61M | 0 | 0 | 0 |
| Purchase of Investments | 0 | -230.26B | -347.68B | -307.93M | -44.41M | -3.82B | -47.26M | -72.31B | -29.51B | -251.66B | -29.03B | -34.83B | -21.21B | -42.74B | -6.12B | -26.02B | -33.02B | -31.12B | -5.16B | -18.13B |
| Sale of Investments | 0 | 154.61B | 173.66B | 122.04M | 109.23M | 11.86B | 0 | 104.45B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -132.82B | -25.6B | 14.46B | 15.41M | 2.02M | -24.35B | 12.95B | 83.28B | 172.82B | -150.19B | -407.13B | 253M | 88.3B | -176.4B | -1.26B | -5.21B | -1.97B | -830M | -649M | -1.49B |
| Cash from Financing | -482B | 64.84B | 28.63B | -120.14M | -68.99M | 1.4T | -93.04B | -154.39B | -264.8B | 27.66B | 64.96B | -180.9B | -15.5B | 9.73B | -32.03B | -19.76B | -14.94B | 1.9B | -8.37B | -16.73B |
| Dividends Paid | -54.59B | 0 | -23.9B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.62B | -2.62B | 0 | 0 | -182M | -602M | -445M | 0 | -384M | -30M |
| Dividend Payout Ratio % | 31.35% | - | 20.06% | - | - | - | - | - | - | - | - | 2.8% | - | - | - | - | 5.64% | - | 4.62% | 0.64% |
| Debt Issuance (Net) | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | -1000K | 1000K |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.5B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -459.92M | -11.87M | 0 | 0 | 0 | 0 | 0 | 0 | -2.26B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -59M | 0 |
| Other Financing | -143.44B | -148.03B | -46.05B | -37.2M | -64.65M | -104.5B | -101.33B | -99.78B | -163.9B | -76.41B | -8.77B | -112.78B | -44.84B | -70.74B | -14.54B | -27.88B | -5.49B | -17.34B | -6.75B | -18.48B |
| Net Change in Cash | -274.24B | 162.14B | 48.22B | 11.92M | -106.26M | 88.51B | 135.51B | 17.8B | 14.4B | -91.65B | 61.6B | 37.27B | 19.31B | -27.78B | 7.12B | 32.08B | 2.45B | -3.13B | 2.78B | 4.33B |
| Exchange Rate Effect | -7.5B | -85.24B | 30.64B | -5.04M | 4.7M | -10.98B | 3.83B | 1.98B | 22.71B | -66.31B | 178.03B | 2.79B | -905M | -5.95B | 2B | -2.81B | -1.44B | -2.82B | -503M | -2.35B |
| Cash at Beginning | 675.48B | 513.34B | 420.65B | 277.99M | 384.25M | 458.28B | 182.81B | 165.01B | 150.6B | 242.25B | 98.17B | 60.9B | 41.59B | 48.76B | 32.93B | 46.39B | 43.94B | 47.07B | 17.07B | 26.92B |
| Cash at End | 401.24B | 675.48B | 468.87B | 289.9M | 277.99M | 546.8B | 318.32B | 182.81B | 165.01B | 150.6B | 159.77B | 98.17B | 60.9B | 41.59B | 40.05B | 78.47B | 46.39B | 43.94B | 19.85B | 31.25B |
| Free Cash Flow | 313.96B | 299.5B | 236.19B | 137.09M | -66.05M | -1.31T | 174.08B | 226.81B | 42.32B | -52.99B | -266.93B | 93.99B | 234.76B | -184.54B | 37.18B | 60.29B | 7.63B | -2.21B | 14.12B | 33B |
| FCF Growth % | - | 122.94% | 35.68% | -99.94% | -100.16% | -2363.67% | 165.22% | 141.32% | -81.97% | 71.29% | -817.92% | 55.9% | 2976.05% | -8257.84% | 163.4% | 82.68% | 129.8% | -111.2% | 320.32% | 1646.14% |
| FCF Margin % | 12.27% | 12.7% | 8.73% | 0.01% | -0% | -72.28% | 13.54% | 23.07% | 3.55% | -4.97% | -25.96% | 9.12% | 93.4% | -22.15% | 14.4% | 17.07% | 2.79% | -0.92% | 10.65% | 18.73% |
| FCF / Net Income % | 180.28% | 47.04% | 198.23% | -0.07% | 0.04% | -1105.4% | 235.99% | -1386.26% | 55.58% | -5.05% | 78.73% | 100.39% | 6759.69% | -171.4% | -86.55% | -12.46% | 96.64% | -4.59% | 169.93% | 707.29% |