Telefônica Brasil S.A. (VIV) quarterly cash flow statement — complete operating, investing & financing history
Telefônica Brasil S.A. (VIV) 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 | 5.35B | 5.3B | 5.14B | 4.61B | 5.87B | 5.09B | 4.57B | 4.66B | 5.72B | 4.93B | 3.83B | 4.74B | 5.44B | 4.77B | 4.68B | 5.11B | 4.69B | 4.46B | 4.09B | 5.33B |
| Operating CF Growth % | -8.83% | 4.06% | 12.58% | -1.1% | 2.65% | 3.36% | 19.17% | -1.66% | 5.14% | 3.25% | -17.99% | -7.33% | 15.96% | 6.97% | 14.45% | -4.06% | 15.05% | -2.58% | -4.48% | 0.9% |
| Operating CF / Revenue % | 33.98% | 34.93% | 32.46% | 30.83% | 40.1% | 35.38% | 31.34% | 33.2% | 41.82% | 36.36% | 28.33% | 36.15% | 42.74% | 37.5% | 36.93% | 41.92% | 39.66% | 39.29% | 35.52% | 48.32% |
| Net Income | 1.61B | 1.6B | 2.2B | 1.89B | 1.34B | 1.06B | 2.09B | 1.76B | 1.22B | 1.22B | 1.6B | 1.55B | 1.12B | 834.67M | 1.36B | 1.69B | 876.24M | 909.44M | 1.46B | 1.64B |
| Depreciation & Amortization | 4.07B | 3.88B | 3.82B | 3.72B | 3.69B | 3.71B | 3.76B | 3.66B | 2.84B | 3.37B | 3.5B | 3.42B | 3.21B | 3.26B | 3.26B | 3.23B | 3.1B | 3.07B | 3.07B | 3.05B |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 167.37M | 0 | 0 | -38.53M | 319.47M | 179.93M | 149.52M | 129.59M | 85.48M |
| Other Non-Cash Items | 623.72M | 605.21M | 227.04M | 251.98M | 1.13B | 912.08M | -571.31M | 86.34M | 1.64B | 605.85M | -2.24B | 484.23M | 8.37B | 6.41B | -263.93M | 618.08M | 407.9M | 668.83M | 555M | 590.77M |
| Working Capital Changes | -952.33M | -794.74M | -1.1B | -1.25B | -288.85M | -594.43M | -708.25M | -848.92M | 15.61M | -270.7M | 966.85M | -321.43M | -34.55M | 8.84M | 319.36M | -418.4M | 131.45M | -342.29M | -562.09M | 524.31M |
| Capital Expenditures | -2.35B | -2.41B | -2.44B | -2.36B | -2.24B | -2.42B | -2.7B | -2.4B | -2.22B | -2B | -2.66B | -2.34B | -2.49B | -1.32B | -2.92B | -2.96B | -6.8B | -1.82B | -2.74B | -2.42B |
| CapEx / Revenue % | 14.91% | 15.91% | 15.38% | 15.76% | 15.32% | 16.83% | 18.54% | 17.09% | 16.21% | 14.8% | 19.68% | 17.85% | 19.53% | 10.39% | 23.06% | 24.3% | 57.45% | 15.99% | 23.82% | 21.97% |
| CapEx / D&A | 0.58x | 0.62x | 0.64x | 0.63x | 0.61x | 0.65x | 0.72x | 0.66x | 0.78x | 0.60x | 0.76x | 0.68x | 0.78x | 0.41x | 0.89x | 0.92x | 2.19x | 0.59x | 0.89x | 0.79x |
| CapEx Coverage (OCF/CapEx) | 2.28x | 2.20x | 2.11x | 1.96x | 2.62x | 2.10x | 1.69x | 1.94x | 2.58x | 2.46x | 1.44x | 2.03x | 2.19x | 3.61x | 1.60x | 1.73x | 0.69x | 2.46x | 1.49x | 2.20x |
| Cash from Investing | -2.32B | -2.24B | -3.32B | -2.16B | -2.14B | -2.38B | -2.68B | -2.17B | -2.15B | -1.91B | -2.25B | -2.07B | -2.35B | -1.18B | -3.2B | -2.63B | -6.8B | -1.57B | -2.43B | -1.89B |
| Acquisitions | 12.58M | -5.01M | 0 | -41.88M | 12.92M | -46.56M | -168.52M | -27.83M | 11.48M | -11.48M | -66.34M | 94.21M | 93.32M | 85.05M | 5.33M | 189.09M | 64.06M | 201.25M | 262.31M | 250.54M |
| Purchase of Investments | 12.79M | -13.01M | -1.06B | 0 | 0 | 0 | 57.68M | 0 | 0 | 0 | 165.71M | -1.29M | -139.98M | -144.1M | -69.75M | -16.33M | -33.34M | 0 | 0 | 0 |
| Sale of Investments | 2.94M | 0 | -9.16M | 2.22M | -1.51M | 8.46M | -996.91K | 161.06M | 14.6M | 21.17M | 5M | 161.06M | 46.66M | 59.05M | 71M | 143.79M | 33.34M | 41.3M | 19K | 287.16M |
| Other Investing | 12 | 187.57M | 188.22M | 235.59M | 94.31M | 84.25M | 130.76M | 96.22M | 38.44M | 106.93M | 304.31M | 13.63M | 36.66M | 39.05M | -289.23M | 16.33M | -4.67B | 242.55M | 313.03M | 537.7M |
| Cash from Financing | -3.56B | -1.02B | -1.59B | -5.1B | -2.45B | -1.21B | -1.99B | -3.05B | -2.97B | -618.35M | -1.78B | -3.52B | -2.87B | -687.47M | -5.23B | 411.46M | -1.19B | -2.9B | -3.9B | -3.17B |
| Dividends Paid | -2.53B | -384K | -317.94M | -380K | -1.87B | -137K | -710.82M | -219K | -1.82B | -164K | -329.02M | -1.78B | -1.72B | -1.32M | -3.44B | -2.27B | -237K | -213K | -2.72B | -2.19B |
| Dividend Payout Ratio % | 160.77% | 0.03% | 16.69% | 0.02% | 139.06% | 0.01% | 40.32% | 0.01% | 149.03% | 0.02% | 20.56% | 120.96% | 153.37% | 0.16% | 305.21% | 157.74% | 0.03% | 0.03% | 103.33% | 165.86% |
| 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 | 104.54K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -407K | -280K | -344.12M | -3.62B | -475.23M | -326.48M | -325.95M | -2.18B | -257.03M | 0 | -202.19M | -73.2M | -141.4M | -71.97M | -149.95M | -144.11M | -197.91M | -115.48M | -113.09M | -239.64M |
| Other Financing | -64.74M | -51.49M | -11.35M | 930.16M | 926.4M | -16.9M | 40.02M | 12.55M | 22.82M | 319K | -8.07M | 1.6M | -78.74M | -21.99M | -102.95M | -27.57M | 26.59M | -6.68M | 25.99M | 20.46M |
| Net Change in Cash | -470.83M | 2.03B | 235.78M | -2.66B | 1.28B | 1.49B | -107.62M | -556.25M | 599.22M | 2.4B | -197.24M | -849.3M | 224.28M | 2.39B | -3.75B | 2.89B | -3.3B | -17.96M | -2.24B | 275.33M |
| Exchange Rate Effect | 58.51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -150.16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 9.09B | 7.03B | 6.8B | 9.45B | 8.19B | 6.69B | 6.8B | 7.35B | 6.76B | 4.36B | 4.56B | 5.4B | 5.26B | 2.87B | 6.03B | 3.13B | 6.43B | 6.45B | 8.69B | 8.41B |
| Cash at End | 8.62B | 9.06B | 7.03B | 6.8B | 9.47B | 8.19B | 6.69B | 6.8B | 7.35B | 6.76B | 4.36B | 4.56B | 5.48B | 5.26B | 2.27B | 6.03B | 3.13B | 6.43B | 6.45B | 8.69B |
| Free Cash Flow | 3B | 2.88B | 2.71B | 2.25B | 3.63B | 2.67B | 1.87B | 2.26B | 3.5B | 2.92B | 1.17B | 2.4B | 2.96B | 3.45B | 1.76B | 2.15B | -2.1B | 2.64B | 1.35B | 2.91B |
| FCF Growth % | -17.21% | 8.06% | 45.12% | -0.38% | 3.57% | -8.59% | 59.36% | -5.75% | 18.57% | -15.31% | -33.33% | 11.59% | 240.41% | 30.41% | 30.51% | -26.03% | -209.91% | 1.35% | -24.1% | -22.72% |
| FCF Margin % | 19.07% | 19.02% | 17.09% | 15.07% | 24.78% | 18.55% | 12.8% | 16.11% | 25.62% | 21.56% | 8.65% | 18.3% | 23.21% | 27.11% | 13.87% | 17.63% | -17.79% | 23.29% | 11.7% | 26.35% |
| FCF / Net Income % | 191.02% | 233.1% | 142.12% | 119.32% | 270.03% | 252.32% | 105.85% | 135.64% | 286.76% | 326.07% | 73.16% | 163.07% | 263.18% | 413.15% | 155.94% | 149.35% | -276% | 349.68% | 51.21% | 220.62% |