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TIM (TIMB) Financials

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$17.42 +0.11 (+0.64%)
As of 05/20/2025 03:59 PM Eastern
Annual Income Statements for TIM

Annual Income Statements for TIM

This table shows TIM's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Net Income / (Loss) Attributable to Common Shareholders
510 585 316 530 352 901 802
Consolidated Net Income / (Loss)
510 585 316 530 352 901 656
Net Income / (Loss) Continuing Operations
510 585 316 530 352 901 802
Total Pre-Tax Income
-586 -656 -326 557 384 1,129 485
Total Operating Income
890 972 598 674 540 1,123 623
Total Gross Profit
2,192 2,543 2,057 1,725 1,785 2,474 2,391
Total Revenue
4,115 4,912 4,073 3,239 3,324 4,324 4,376
Operating Revenue
4,115 4,912 4,073 3,239 3,324 4,324 4,376
Total Cost of Revenue
1,923 2,369 2,016 1,514 1,540 1,850 1,985
Operating Cost of Revenue
1,923 2,369 2,016 1,514 1,540 1,850 1,985
Total Operating Expenses
1,301 1,570 1,459 1,051 1,245 1,351 1,768
Selling, General & Admin Expense
1,246 1,546 1,401 1,138 1,178 1,668 1,695
Other Operating Expenses / (Income)
55 24 59 -87 68 -317 73
Total Other Income / (Expense), net
-305 -316 -272 -117 -156 5.28 -138
Interest Expense
456 570 523 313 239 350 245
Interest & Investment Income
139 256 250 196 84 356 106
Other Income / (Expense), net
12 -1.45 0.95 0.12 -1.34 -0.23 0.35
Income Tax Expense
76 71 9.49 26 32 227 -171
Basic Earnings per Share
$0.21 $0.24 $0.13 $1.22 $0.76 $1.50 $1.05
Weighted Average Basic Shares Outstanding
2.42B 2.42B 2.42B 2.42B 2.42B - -
Diluted Earnings per Share
$0.21 $0.24 $0.13 $1.22 $0.76 $1.50 $1.05
Weighted Average Diluted Shares Outstanding
2.42B 2.42B 2.42B 2.42B 2.42B - -
Weighted Average Basic & Diluted Shares Outstanding
2.42B 2.42B 2.42B 2.42B 2.42B - -

Quarterly Income Statements for TIM

No quarterly income statements for TIM are available.


Annual Cash Flow Statements for TIM

This table details how cash moves in and out of TIM's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Net Change in Cash & Equivalents
1,411 2,044 2,529 2,116 -586 -503 -486
Net Cash From Operating Activities
1,377 1,979 1,733 974 464 421 1,580
Net Cash From Continuing Operating Activities
1,377 1,979 1,733 974 464 421 554
Net Income / (Loss) Continuing Operations
0.00 0.00 0.00 0.00 0.00 0.00 -485
Depreciation Expense
1,136 1,467 1,292 1,021 1,064 1,276 1,022
Amortization Expense
-229 -247 -107 -307 -348 -180 -
Non-Cash Adjustments To Reconcile Net Income
363 621 365 99 -235 -226 221
Changes in Operating Assets and Liabilities, net
106 139 183 161 -17 -449 -204
Net Cash From Investing Activities
-48 65 500 1,142 -1,050 -924 -987
Net Cash From Continuing Investing Activities
-48 65 500 1,142 -1,050 -924 -993
Purchase of Investments
-1,212 -618 -1,182 - -1,050 -924 -5.53
Sale and/or Maturity of Investments
1,164 683 1,682 1,142 - - -
Net Cash From Financing Activities
81 0.00 297 0.00 0.00 0.00 -1,078
Net Cash From Continuing Financing Activities
81 0.00 297 0.00 0.00 0.00 -149
Issuance of Debt
81 0.00 297 - - - 43
Cash Interest Paid
23 42 30 14 - - -

Quarterly Cash Flow Statements for TIM

No quarterly cash flow statements for TIM are available.


Annual Balance Sheets for TIM

This table presents TIM's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Total Assets
9,109 11,389 10,671 8,936 8,019 10,040
Total Current Assets
953 809 1,961 346 2,004 2,104
Cash & Equivalents
527 634 482 938 496 569
Note & Lease Receivable
-491 -777 5.80 -690 1.03 1.23
Accounts Receivable
779 806 647 584 588 792
Inventories, net
47 68 45 -550 47 51
Prepaid Expenses
91 78 68 64 43 61
Plant, Property, & Equipment, net
584 858 4,287 3,284 3,485 4,382
Plant, Property & Equipment, gross
584 858 4,287 -72 3,485 4,382
Total Noncurrent Assets
10,423 13,394 3,485 7,832 1,915 2,453
Long-Term Investments
617 705 2.45 1,109 - -
Intangible Assets
2,402 3,220 3,106 1,899 1,738 2,406
Noncurrent Deferred & Refundable Income Taxes
53 147 259 96 106 0.00
Other Noncurrent Operating Assets
7,351 9,321 73 4,685 46 22
Total Liabilities & Shareholders' Equity
9,109 11,389 10,671 10,864 8,019 10,040
Total Liabilities
4,839 6,027 5,867 4,433 3,556 4,458
Total Current Liabilities
451 402 2,482 2,022 1,598 2,020
Dividends Payable
109 134 125 96 104 144
Current Deferred & Payable Income Tax Liabilities
7.54 13 - - - -
Other Taxes Payable
335 256 2.56 -65 - -
Total Noncurrent Liabilities
2,269 2,843 3,385 4,410 1,958 2,438
Long-Term Debt
239 314 701 - 126 160
Capital Lease Obligations
2,034 2,526 2,001 1,170 - -
Noncurrent Deferred Revenue
136 186 126 - 145 206
Noncurrent Deferred & Payable Income Tax Liabilities
-175 -259 - - - 12
Noncurrent Employee Benefit Liabilities
0.56 1.03 1.10 1.16 1.41 1.44
Other Noncurrent Operating Liabilities
35 75 264 3,239 18 18
Total Equity & Noncontrolling Interests
6,448 8,138 4,805 4,432 4,463 5,581
Total Preferred & Common Equity
6,448 8,138 4,805 4,432 4,463 5,581
Total Common Equity
6,448 8,138 4,805 4,432 4,466 5,582
Common Stock
2,179 2,778 2,550 2,418 2,595 2,455
Treasury Stock
-0.56 -0.61 0.03 -0.87 0.93 -0.80
Accumulated Other Comprehensive Income / (Loss)
-0.37 -0.68 - -0.77 - -
Other Equity Adjustments
4,270 5,362 77 2,016 76 102

Quarterly Balance Sheets for TIM

No quarterly balance sheets for TIM are available.


Annual Metrics And Ratios for TIM

This table displays calculated financial ratios and metrics derived from TIM's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Growth Metrics
- - - - - - -
Revenue Growth
-16.22% 20.60% 25.75% -2.56% -23.11% -1.20% 0.00%
EBITDA Growth
-17.39% 22.84% 28.49% 10.64% -43.47% 34.92% 0.00%
EBIT Growth
-7.08% 62.14% -11.15% 25.18% -52.07% 80.18% 0.00%
NOPAT Growth
-8.41% 62.64% -34.82% 29.66% -44.80% 6.37% 0.00%
Net Income Growth
-12.79% 85.02% -40.41% 50.70% -60.95% 37.41% 0.00%
EPS Growth
-12.82% 84.75% -89.30% 60.53% -49.33% 42.86% 0.00%
Operating Cash Flow Growth
-30.42% 14.24% 77.88% 109.94% 10.18% -73.34% 0.00%
Free Cash Flow Firm Growth
165.66% -108.71% -248.39% 16.76% 127.55% 0.00% 0.00%
Invested Capital Growth
-22.10% 84.44% 71.60% -20.95% -15.94% 0.00% 0.00%
Revenue Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics
- - - - - - -
Gross Margin
53.26% 51.76% 50.51% 53.25% 53.69% 57.22% 54.65%
EBITDA Margin
43.97% 44.60% 43.78% 42.85% 37.74% 51.33% 37.59%
Operating Margin
21.64% 19.79% 14.68% 20.80% 16.23% 25.98% 14.24%
EBIT Margin
21.92% 19.76% 14.70% 20.80% 16.19% 25.98% 14.24%
Profit (Net Income) Margin
12.39% 11.91% 7.76% 16.38% 10.59% 20.84% 14.99%
Tax Burden Percent
-87.06% -89.11% -97.09% 95.29% 91.76% 79.85% 135.36%
Interest Burden Percent
-64.94% -67.60% -54.37% 82.61% 71.26% 100.49% 77.73%
Effective Tax Rate
0.00% 0.00% 0.00% 4.71% 8.24% 20.15% -35.36%
Return on Invested Capital (ROIC)
5.21% 6.56% 7.25% 13.34% 8.41% 28.05% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
2.78% 4.11% -1.63% -17.23% -8.18% 29.09% 0.00%
Return on Net Nonoperating Assets (RNNOA)
1.78% 2.47% -0.41% -1.41% -1.41% 4.24% 0.00%
Return on Equity (ROE)
6.99% 9.04% 6.84% 11.93% 7.01% 32.29% 0.00%
Cash Return on Invested Capital (CROIC)
30.06% -52.81% -45.48% 36.75% 25.74% -171.95% 0.00%
Operating Return on Assets (OROA)
8.80% 8.80% 6.11% 7.95% 5.96% 11.19% 0.00%
Return on Assets (ROA)
4.98% 5.30% 3.22% 6.26% 3.90% 8.98% 0.00%
Return on Common Equity (ROCE)
6.99% 9.04% 6.84% 11.93% 7.01% 32.30% 0.00%
Return on Equity Simple (ROE_SIMPLE)
7.91% 7.19% 6.58% 11.97% 7.89% 16.15% 0.00%
Net Operating Profit after Tax (NOPAT)
623 681 418 642 495 897 843
NOPAT Margin
15.15% 13.85% 10.27% 19.82% 14.90% 20.75% 19.27%
Net Nonoperating Expense Percent (NNEP)
2.43% 2.46% 8.88% 30.57% 16.60% -1.04% 0.00%
Return On Investment Capital (ROIC_SIMPLE)
7.15% 6.20% 5.40% - - - -
Cost of Revenue to Revenue
46.74% 48.24% 49.49% 46.76% 46.31% 42.78% 45.35%
SG&A Expenses to Revenue
30.28% 31.48% 34.39% 35.14% 35.42% 38.58% 38.74%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
31.63% 31.97% 35.83% 32.45% 37.46% 31.24% 40.41%
Earnings before Interest and Taxes (EBIT)
902 971 599 674 538 1,123 623
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,810 2,191 1,783 1,388 1,254 2,219 1,645
Valuation Ratios
- - - - - - -
Price to Book Value (P/BV)
0.88 1.04 1.04 1.12 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)
1.40 1.72 2.95 1.96 0.00 0.00 0.00
Price to Revenue (P/Rev)
1.38 1.72 1.23 1.54 0.00 0.00 0.00
Price to Earnings (P/E)
11.11 14.46 15.88 9.38 0.00 0.00 0.00
Dividend Yield
6.56% 5.23% 4.40% 3.87% 4.50% 3.69% 3.63%
Earnings Yield
9.00% 6.91% 6.30% 10.67% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.65 0.74 0.96 0.96 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
1.65 2.03 1.72 1.26 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)
3.76 4.55 3.93 2.95 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
7.53 10.26 11.72 6.08 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
10.90 14.63 16.77 6.38 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
4.93 5.03 4.05 4.21 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
1.89 0.00 0.00 2.32 0.00 0.00 0.00
Leverage & Solvency
- - - - - - -
Debt to Equity
0.35 0.35 0.61 0.26 0.10 0.09 0.00
Long-Term Debt to Equity
0.35 0.35 0.56 0.26 0.03 0.03 0.00
Financial Leverage
0.64 0.60 0.25 0.08 0.17 0.15 0.00
Leverage Ratio
1.41 1.70 2.12 1.91 1.80 1.80 0.00
Compound Leverage Factor
-0.91 -1.15 -1.15 1.57 1.28 1.81 0.00
Debt to Total Capital
26.06% 25.87% 37.97% 20.89% 9.19% 8.30% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 3.09% 0.00% 6.62% 5.66% 0.00%
Long-Term Debt to Total Capital
26.06% 25.87% 34.88% 20.89% 2.57% 2.64% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
73.94% 74.13% 62.04% 79.11% 90.87% 91.71% 0.00%
Debt to EBITDA
1.26 1.30 1.65 0.84 0.36 0.23 0.00
Net Debt to EBITDA
0.62 0.69 1.12 -0.63 -0.39 -0.10 0.00
Long-Term Debt to EBITDA
1.26 1.30 1.51 0.84 0.10 0.07 0.00
Debt to NOPAT
3.65 4.17 7.03 1.82 0.91 0.56 0.00
Net Debt to NOPAT
1.81 2.21 4.77 -1.37 -1.00 -0.26 0.00
Long-Term Debt to NOPAT
3.65 4.17 6.46 1.82 0.25 0.18 0.00
Altman Z-Score
1.55 1.60 1.31 1.06 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio
0.00% -0.01% -0.01% -0.03% -0.03% 0.00% 0.00%
Liquidity Ratios
- - - - - - -
Current Ratio
2.11 2.01 0.79 0.17 1.25 1.04 0.00
Quick Ratio
1.81 1.65 0.64 0.41 0.96 0.76 0.00
Cash Flow Metrics
- - - - - - -
Free Cash Flow to Firm (FCFF)
3,596 -5,477 -2,624 1,768 1,515 -5,498 0.00
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 159.96%
Free Cash Flow to Firm to Interest Expense
7.89 -9.61 -5.02 5.65 6.33 -15.69 0.00
Operating Cash Flow to Interest Expense
3.02 3.47 3.31 3.11 1.94 1.20 6.44
Operating Cash Flow Less CapEx to Interest Expense
3.02 3.47 3.31 3.11 1.94 1.20 2.41
Efficiency Ratios
- - - - - - -
Asset Turnover
0.40 0.45 0.42 0.38 0.37 0.43 0.00
Accounts Receivable Turnover
5.19 6.76 6.62 5.53 4.82 5.46 0.00
Inventory Turnover
33.20 41.92 0.00 0.00 31.40 36.57 0.00
Fixed Asset Turnover
5.71 1.91 1.08 0.96 0.85 0.99 0.00
Accounts Payable Turnover
0.00 0.00 0.00 0.00 1.95 1.89 0.00
Days Sales Outstanding (DSO)
70.26 53.98 55.14 65.98 75.76 66.89 0.00
Days Inventory Outstanding (DIO)
10.99 8.71 0.00 0.00 11.62 9.98 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 187.12 192.62 0.00
Cash Conversion Cycle (CCC)
81.26 62.68 55.14 65.98 -99.74 -115.75 0.00
Capital & Investment Metrics
- - - - - - -
Invested Capital
10,477 13,449 7,292 4,249 5,376 6,395 0.00
Invested Capital Turnover
0.34 0.47 0.71 0.67 0.56 1.35 0.00
Increase / (Decrease) in Invested Capital
-2,973 6,157 3,043 -1,126 -1,019 6,395 0.00
Enterprise Value (EV)
6,795 9,960 7,016 4,097 0.00 0.00 0.00
Market Capitalization
5,667 8,459 5,020 4,973 0.00 0.00 0.00
Book Value per Share
$2.66 $3.36 $1.99 $1.83 $1.84 $0.00 $0.00
Tangible Book Value per Share
$1.67 $2.03 $0.70 $1.05 $1.13 $0.00 $0.00
Total Capital
8,721 10,979 7,745 5,602 4,915 6,086 0.00
Total Debt
2,273 2,840 2,941 1,170 451 505 0.00
Total Long-Term Debt
2,273 2,840 2,701 1,170 126 160 0.00
Net Debt
1,129 1,501 1,996 -876 -493 -231 0.00
Capital Expenditures (CapEx)
0.00 0.00 0.00 0.00 0.00 0.00 988
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-25 -228 -1,223 -2,614 -214 -307 0.00
Debt-free Net Working Capital (DFNWC)
502 406 -282 -1,676 731 428 0.00
Net Working Capital (NWC)
502 406 -521 -1,676 406 84 0.00
Net Nonoperating Expense (NNE)
113 96 102 112 143 -4.21 187
Net Nonoperating Obligations (NNO)
4,028 5,311 2,487 -182 912 813 0.00
Total Depreciation and Amortization (D&A)
908 1,220 1,185 714 716 1,096 1,022
Debt-free, Cash-free Net Working Capital to Revenue
-0.61% -4.64% -30.04% -80.71% -6.42% -7.11% 0.00%
Debt-free Net Working Capital to Revenue
12.19% 8.28% -6.91% -51.75% 22.00% 9.90% 0.00%
Net Working Capital to Revenue
12.19% 8.28% -12.79% -51.75% 12.22% 1.94% 0.00%
Earnings Adjustments
- - - - - - -
Adjusted Basic Earnings per Share
$0.21 $1.17 $0.70 $1.22 $0.76 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding
2.42B 2.42B 2.42B 2.42B 2.42B 0.00 0.00
Adjusted Diluted Earnings per Share
$0.21 $1.17 $0.70 $1.22 $0.76 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding
2.42B 2.42B 2.42B 2.42B 2.42B 0.00 0.00
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
2.42B 2.42B 2.42B 2.42B 2.42B 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)
623 681 418 642 495 897 436
Normalized NOPAT Margin
15.15% 13.85% 10.27% 19.82% 14.90% 20.75% 9.97%
Pre Tax Income Margin
-14.23% -13.36% -7.99% 17.18% 11.54% 26.10% 11.07%
Debt Service Ratios
- - - - - - -
EBIT to Interest Expense
1.98 1.70 1.15 2.15 2.25 3.21 2.54
NOPAT to Interest Expense
1.37 1.19 0.80 2.05 2.07 2.56 3.44
EBIT Less CapEx to Interest Expense
1.98 1.70 1.15 2.15 2.25 3.21 -1.49
NOPAT Less CapEx to Interest Expense
1.37 1.19 0.80 2.05 2.07 2.56 -0.59
Payout Ratios
- - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 23.11%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 23.11%

Quarterly Metrics And Ratios for TIM

No quarterly metrics and ratios for TIM are available.


Frequently Asked Questions About TIM's Financials

When does TIM's fiscal year end?

According to the most recent income statement we have on file, TIM's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has TIM's net income changed over the last 6 years?

TIM's net income appears to be on a downward trend, with a most recent value of $510.01 million in 2024, falling from $655.89 million in 2018. The previous period was $584.78 million in 2023. See TIM's forecast for analyst expectations on what’s next for the company.

What is TIM's operating income?
TIM's total operating income in 2024 was $890.47 million, based on the following breakdown:
  • Total Gross Profit: $2.19 billion
  • Total Operating Expenses: $1.30 billion
How has TIM revenue changed over the last 6 years?

Over the last 6 years, TIM's total revenue changed from $4.38 billion in 2018 to $4.12 billion in 2024, a change of -6.0%.

How much debt does TIM have?

TIM's total liabilities were at $4.84 billion at the end of 2024, a 19.7% decrease from 2023, and a 8.5% increase since 2019.

How much cash does TIM have?

In the past 5 years, TIM's cash and equivalents has ranged from $482.16 million in 2022 to $937.88 million in 2021, and is currently $526.96 million as of their latest financial filing in 2024.

How has TIM's book value per share changed over the last 6 years?

Over the last 6 years, TIM's book value per share changed from 0.00 in 2018 to 2.66 in 2024, a change of 266.4%.



This page (NYSE:TIMB) was last updated on 5/21/2025 by MarketBeat.com Staff
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