Telefônica Brasil Income Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 2000
Revenue	52,100	48,041	44,033	43,126	44,268	Upgrade
Revenue Growth (YoY)	8.45%	9.10%	2.10%	-2.58%	1.85%	Upgrade
Cost of Revenue	29,415	27,432	24,781	22,693	22,159	Upgrade
Gross Profit	22,685	20,609	19,251	20,433	22,109	Upgrade
Selling, General & Admin	15,397	14,577	14,210	14,397	15,199	Upgrade
Other Operating Expenses	-640.32	-588.9	-1,927.63	-544.09	-304.02	Upgrade
Operating Expenses	14,756	13,988	12,282	13,852	14,895	Upgrade
Operating Income	7,929	6,622	6,969	6,581	7,214	Upgrade
Interest Expense / Income	2,344	1,766	1,127	0	0	Upgrade
Other Expense / Income	21.3	-3.37	-127.27	-1,352.26	-1,133.62	Upgrade
Pretax Income	5,563	4,859	5,970	7,933	8,348	Upgrade
Income Tax	533.94	773.69	-269.83	3,163	3,347	Upgrade
Net Income	5,029	4,085	6,239	4,771	5,001	Upgrade
Net Income Growth	23.12%	-34.53%	30.79%	-4.61%	-43.99%	Upgrade
Shares Outstanding (Basic)	1,664	1,677	1,688	1,689	1,689	Upgrade
Shares Change	-0.80%	-0.67%	-0.03%	-	-	Upgrade
EPS (Basic)	3.03	2.44	3.71	2.90	2.78	Upgrade
EPS (Diluted)	3.03	2.44	3.71	2.90	2.78	Upgrade
EPS Growth	24.18%	-34.23%	27.93%	4.32%	-43.95%	Upgrade
Free Cash Flow	13,365	12,471	10,489	12,888	10,430	Upgrade
Free Cash Flow Per Share	8.03	7.44	6.21	7.63	6.18	Upgrade
Dividend Per Share	0.517	0.371	0.410	1.133	0.752	Upgrade
Dividend Growth	39.35%	-9.51%	-63.81%	50.66%	-27.34%	Upgrade
Gross Margin	43.54%	42.90%	43.72%	47.38%	49.94%	Upgrade
Operating Margin	15.22%	13.78%	15.83%	15.26%	16.30%	Upgrade
Profit Margin	9.65%	8.50%	14.17%	11.06%	11.30%	Upgrade
Free Cash Flow Margin	25.65%	25.96%	23.82%	29.88%	23.56%	Upgrade
Effective Tax Rate	9.60%	15.92%	-4.52%	39.87%	40.09%	Upgrade
EBITDA	21,297	19,285	19,134	19,161	19,267	Upgrade
EBITDA Margin	40.88%	40.14%	43.46%	44.43%	43.52%	Upgrade
Depreciation & Amortization	13,390	12,660	12,038	11,227	10,920	Upgrade
EBIT	7,907	6,625	7,096	7,933	8,348	Upgrade
EBIT Margin	15.18%	13.79%	16.12%	18.40%	18.86%	Upgrade

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