Telecom Argentina SA
NYSE:TEO
Income Statement
Earnings Waterfall
Telecom Argentina SA
Revenue
|
2.1T
ARS
|
Cost of Revenue
|
-560.2B
ARS
|
Gross Profit
|
1.5T
ARS
|
Operating Expenses
|
-1.6T
ARS
|
Operating Income
|
-103.2B
ARS
|
Other Expenses
|
-154.5B
ARS
|
Net Income
|
-257.7B
ARS
|
Income Statement
Telecom Argentina SA
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
27 350
N/A
|
28 753
+5%
|
30 239
+5%
|
31 720
+5%
|
33 388
+5%
|
34 791
+4%
|
36 280
+4%
|
37 770
+4%
|
40 540
+7%
|
44 127
+9%
|
47 460
+8%
|
50 788
+7%
|
53 323
+5%
|
55 600
+4%
|
58 480
+5%
|
61 795
+6%
|
102 531
+66%
|
103 911
+1%
|
155 190
+49%
|
195 893
+26%
|
351 948
+80%
|
270 919
-23%
|
269 803
0%
|
284 914
+6%
|
487 067
+71%
|
332 592
-32%
|
364 252
+10%
|
393 887
+8%
|
455 234
+16%
|
465 648
+2%
|
512 993
+10%
|
586 978
+14%
|
828 831
+41%
|
751 448
-9%
|
929 161
+24%
|
901 224
-3%
|
729 182
-19%
|
995 085
+36%
|
1 369 731
+38%
|
1 554 896
+14%
|
2 059 101
+32%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(5 648)
|
(5 956)
|
(6 361)
|
(6 907)
|
(7 153)
|
(7 085)
|
(7 158)
|
(7 072)
|
(7 996)
|
(9 150)
|
(9 847)
|
(10 429)
|
(10 191)
|
(9 835)
|
(9 766)
|
(10 111)
|
(27 564)
|
(17 931)
|
(32 638)
|
(45 031)
|
(57 275)
|
(70 811)
|
(70 574)
|
(74 762)
|
(129 005)
|
(87 348)
|
(92 834)
|
(98 091)
|
(113 861)
|
(119 058)
|
(135 685)
|
(158 483)
|
(227 189)
|
(201 505)
|
(247 178)
|
(240 115)
|
(195 660)
|
(263 838)
|
(367 968)
|
(417 467)
|
(560 187)
|
|
Gross Profit |
21 702
N/A
|
22 797
+5%
|
23 878
+5%
|
24 813
+4%
|
26 235
+6%
|
27 706
+6%
|
29 122
+5%
|
30 698
+5%
|
32 544
+6%
|
34 977
+7%
|
37 613
+8%
|
40 359
+7%
|
43 132
+7%
|
45 765
+6%
|
48 714
+6%
|
51 684
+6%
|
74 967
+45%
|
85 980
+15%
|
122 552
+43%
|
150 862
+23%
|
294 673
+95%
|
200 108
-32%
|
199 229
0%
|
210 152
+5%
|
358 062
+70%
|
245 244
-32%
|
271 418
+11%
|
295 796
+9%
|
341 373
+15%
|
346 590
+2%
|
377 308
+9%
|
428 495
+14%
|
601 642
+40%
|
549 943
-9%
|
681 983
+24%
|
661 109
-3%
|
533 522
-19%
|
731 247
+37%
|
1 001 763
+37%
|
1 137 429
+14%
|
1 498 914
+32%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(16 749)
|
(17 582)
|
(18 529)
|
(19 567)
|
(20 692)
|
(21 803)
|
(22 977)
|
(24 405)
|
(26 003)
|
(28 197)
|
(30 465)
|
(32 757)
|
(34 719)
|
(36 513)
|
(38 280)
|
(39 817)
|
(52 045)
|
(61 650)
|
(89 792)
|
(114 261)
|
(243 148)
|
(168 612)
|
(172 735)
|
(184 970)
|
(317 693)
|
(222 222)
|
(241 949)
|
(262 869)
|
(305 640)
|
(313 548)
|
(354 738)
|
(418 511)
|
(589 189)
|
(545 873)
|
(682 265)
|
(674 526)
|
(570 436)
|
(769 963)
|
(1 061 284)
|
(1 196 740)
|
(1 602 111)
|
|
Selling, General & Administrative |
(10 561)
|
(11 354)
|
(12 242)
|
(13 012)
|
(13 839)
|
(14 574)
|
(15 254)
|
(16 200)
|
(17 033)
|
(17 240)
|
(17 344)
|
(17 615)
|
(17 792)
|
(18 707)
|
(19 979)
|
(20 858)
|
(28 568)
|
(32 678)
|
(46 845)
|
(58 717)
|
(105 160)
|
(83 751)
|
(84 406)
|
(88 774)
|
(150 767)
|
(103 031)
|
(113 199)
|
(121 869)
|
(142 544)
|
(142 758)
|
(157 590)
|
(185 645)
|
(264 644)
|
(246 184)
|
(309 670)
|
(309 095)
|
(261 821)
|
(356 111)
|
(490 685)
|
(547 422)
|
(731 017)
|
|
Depreciation & Amortization |
(2 873)
|
(2 921)
|
(2 985)
|
(3 097)
|
(3 243)
|
(3 461)
|
(3 722)
|
(4 043)
|
(4 438)
|
(4 856)
|
(5 342)
|
(5 769)
|
(6 198)
|
(6 496)
|
(6 696)
|
(6 846)
|
(15 082)
|
(14 447)
|
(24 876)
|
(35 146)
|
(69 157)
|
(56 320)
|
(60 632)
|
(67 213)
|
(120 675)
|
(85 091)
|
(92 890)
|
(103 310)
|
(124 101)
|
(131 979)
|
(153 893)
|
(184 411)
|
(261 549)
|
(240 492)
|
(300 257)
|
(294 688)
|
(249 186)
|
(333 185)
|
(457 606)
|
(521 748)
|
(704 147)
|
|
Other Operating Expenses |
(3 315)
|
(3 307)
|
(3 302)
|
(3 458)
|
(3 610)
|
(3 768)
|
(4 001)
|
(4 162)
|
(4 532)
|
(6 101)
|
(7 779)
|
(9 373)
|
(10 729)
|
(11 310)
|
(11 605)
|
(12 113)
|
(8 395)
|
(14 525)
|
(18 071)
|
(20 398)
|
(68 831)
|
(28 541)
|
(27 697)
|
(28 983)
|
(46 251)
|
(34 100)
|
(35 860)
|
(37 690)
|
(38 995)
|
(38 811)
|
(43 255)
|
(48 455)
|
(62 996)
|
(59 197)
|
(72 338)
|
(70 743)
|
(59 429)
|
(80 667)
|
(112 993)
|
(127 570)
|
(166 947)
|
|
Operating Income |
4 953
N/A
|
5 215
+5%
|
5 349
+3%
|
5 246
-2%
|
5 543
+6%
|
5 903
+6%
|
6 145
+4%
|
6 293
+2%
|
6 541
+4%
|
6 780
+4%
|
7 148
+5%
|
7 602
+6%
|
8 413
+11%
|
9 252
+10%
|
10 434
+13%
|
11 867
+14%
|
22 922
+93%
|
24 330
+6%
|
32 760
+35%
|
36 601
+12%
|
51 525
+41%
|
31 496
-39%
|
26 494
-16%
|
25 182
-5%
|
40 369
+60%
|
23 022
-43%
|
29 469
+28%
|
32 927
+12%
|
35 733
+9%
|
33 042
-8%
|
22 570
-32%
|
9 984
-56%
|
12 453
+25%
|
4 070
-67%
|
(282)
N/A
|
(13 417)
-4 658%
|
(36 914)
-175%
|
(38 716)
-5%
|
(59 521)
-54%
|
(59 311)
+0%
|
(103 197)
-74%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
522
|
329
|
467
|
373
|
262
|
150
|
(60)
|
(213)
|
(902)
|
(1 416)
|
(1 827)
|
(2 326)
|
(1 946)
|
(1 231)
|
(1 097)
|
(466)
|
209
|
(1 136)
|
(18 098)
|
(61 521)
|
(70 656)
|
(56 927)
|
(30 581)
|
(23 173)
|
(19 616)
|
(19 873)
|
(41 679)
|
(10 288)
|
(23 881)
|
(10 532)
|
18 904
|
39 438
|
74 400
|
75 394
|
89 864
|
86 006
|
30 979
|
41 919
|
(596)
|
(26 120)
|
(680 655)
|
|
Non-Reccuring Items |
(435)
|
(435)
|
(273)
|
(148)
|
(100)
|
(157)
|
(172)
|
(234)
|
(312)
|
(234)
|
(346)
|
(309)
|
(570)
|
(513)
|
(461)
|
(529)
|
(909)
|
(4 233)
|
(4 965)
|
(5 171)
|
(7 004)
|
(3 007)
|
(2 324)
|
(2 525)
|
(7 912)
|
(1 340)
|
(1 485)
|
(4 449)
|
(5 101)
|
(5 200)
|
(8 471)
|
(10 107)
|
(17 882)
|
(19 736)
|
(24 691)
|
(227 374)
|
(258 027)
|
(260 050)
|
(261 371)
|
(55 818)
|
(21 868)
|
|
Total Other Income |
6
|
32
|
1
|
8
|
(9)
|
46
|
40
|
44
|
(200)
|
(154)
|
(202)
|
(266)
|
(298)
|
(332)
|
(361)
|
(372)
|
1 431
|
4 789
|
(3 998)
|
10 000
|
31 786
|
24 423
|
31 010
|
25 475
|
8 286
|
9 453
|
12 849
|
4 580
|
(2 001)
|
(1 166)
|
(786)
|
2 083
|
15 291
|
21 433
|
36 127
|
49 126
|
31 818
|
45 386
|
75 515
|
98 291
|
217 776
|
|
Pre-Tax Income |
5 046
N/A
|
5 141
+2%
|
5 544
+8%
|
5 479
-1%
|
5 696
+4%
|
5 942
+4%
|
5 953
+0%
|
5 890
-1%
|
5 127
-13%
|
4 976
-3%
|
4 773
-4%
|
4 701
-2%
|
5 599
+19%
|
7 176
+28%
|
8 515
+19%
|
10 500
+23%
|
23 653
+125%
|
23 750
+0%
|
5 699
-76%
|
(20 091)
N/A
|
5 651
N/A
|
(4 015)
N/A
|
24 599
N/A
|
24 959
+1%
|
21 127
-15%
|
11 262
-47%
|
(846)
N/A
|
22 770
N/A
|
4 750
-79%
|
16 144
+240%
|
32 217
+100%
|
41 398
+28%
|
84 262
+104%
|
81 161
-4%
|
101 018
+24%
|
(105 659)
N/A
|
(232 144)
-120%
|
(211 461)
+9%
|
(245 973)
-16%
|
(42 958)
+83%
|
(587 944)
-1 269%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1 792)
|
(1 794)
|
(1 929)
|
(1 902)
|
(1 967)
|
(2 078)
|
(2 082)
|
(2 067)
|
(1 692)
|
(1 647)
|
(1 579)
|
(1 549)
|
(1 594)
|
(2 140)
|
(2 608)
|
(3 295)
|
(8 486)
|
(5 514)
|
2 181
|
10 436
|
5 943
|
1 950
|
(10 374)
|
(22 943)
|
(29 116)
|
(15 522)
|
(12 256)
|
(13 306)
|
(12 454)
|
(14 323)
|
(48 299)
|
(47 137)
|
(64 900)
|
(49 739)
|
(11 573)
|
(12 500)
|
26 504
|
41 077
|
89 833
|
121 236
|
338 257
|
|
Income from Continuing Operations |
3 254
|
3 347
|
3 615
|
3 577
|
3 729
|
3 864
|
3 871
|
3 823
|
3 435
|
3 329
|
3 194
|
3 152
|
4 005
|
5 036
|
5 907
|
7 205
|
15 167
|
18 236
|
7 880
|
(9 655)
|
11 594
|
(2 065)
|
14 225
|
2 016
|
(7 989)
|
(4 260)
|
(13 102)
|
9 464
|
(7 704)
|
1 821
|
(16 082)
|
(5 739)
|
19 362
|
31 422
|
89 445
|
(118 159)
|
(205 640)
|
(170 384)
|
(156 140)
|
78 278
|
(249 687)
|
|
Income to Minority Interest |
(52)
|
(58)
|
(62)
|
(55)
|
(56)
|
(52)
|
(47)
|
(37)
|
(32)
|
(29)
|
(22)
|
(35)
|
(30)
|
(31)
|
(42)
|
(60)
|
(198)
|
(113)
|
(147)
|
(114)
|
(505)
|
(411)
|
(474)
|
(612)
|
(1 045)
|
(735)
|
(805)
|
(918)
|
(922)
|
(1 166)
|
(1 040)
|
(1 347)
|
(2 484)
|
(2 129)
|
(2 830)
|
(2 895)
|
(2 193)
|
(3 089)
|
(4 456)
|
(5 574)
|
(8 043)
|
|
Net Income (Common) |
3 202
N/A
|
3 289
+3%
|
3 553
+8%
|
3 522
-1%
|
3 673
+4%
|
3 812
+4%
|
3 824
+0%
|
3 786
-1%
|
3 403
-10%
|
3 300
-3%
|
3 172
-4%
|
3 117
-2%
|
3 975
+28%
|
5 005
+26%
|
5 865
+17%
|
7 145
+22%
|
14 969
+110%
|
18 123
+21%
|
7 733
-57%
|
(9 769)
N/A
|
11 089
N/A
|
(2 476)
N/A
|
13 751
N/A
|
1 404
-90%
|
(9 034)
N/A
|
(4 995)
+45%
|
(13 907)
-178%
|
8 546
N/A
|
(8 626)
N/A
|
655
N/A
|
(17 122)
N/A
|
(7 086)
+59%
|
16 878
N/A
|
29 293
+74%
|
86 615
+196%
|
(121 054)
N/A
|
(207 833)
-72%
|
(173 473)
+17%
|
(160 596)
+7%
|
72 704
N/A
|
(257 730)
N/A
|
|
EPS (Diluted) |
3.34
N/A
|
3.39
+1%
|
3.68
+9%
|
3.63
-1%
|
3.79
+4%
|
3.94
+4%
|
3.95
+0%
|
3.91
-1%
|
3.51
-10%
|
3.41
-3%
|
3.28
-4%
|
3.22
-2%
|
4.1
+27%
|
5.17
+26%
|
6.05
+17%
|
7.37
+22%
|
12.64
+72%
|
8.4
-34%
|
3.55
-58%
|
-4.53
N/A
|
5.15
N/A
|
-1.17
N/A
|
6.38
N/A
|
0.65
-90%
|
-4.19
N/A
|
-2.31
+45%
|
-6.48
-181%
|
3.98
N/A
|
-3.37
N/A
|
0.3
N/A
|
-7.94
N/A
|
-3.29
+59%
|
6.58
N/A
|
13.59
+107%
|
33.76
+148%
|
-47.19
N/A
|
-81.03
-72%
|
-80.49
+1%
|
-74.57
+7%
|
33.76
N/A
|
-119.67
N/A
|