Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 146

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 146
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1,345,122        ​      1,451,363
Cash flows used in investing activities                                    ​   ​    (383,416)        ​    (1,240,360)        ​    (1,124,788)
Cash flows used in financing activities                                    ​   ​    (405,621)        ​      (209,395)        ​      (310,578)
Net foreign exchange differences and RECPAM on cash and cash equivalents   ​   ​     (52,070)        ​        180,957        ​        (6,596)
Increase/ (Decrease) in cash and cash equivalents                          ​   ​     (29,611)        ​         76,324        ​          9,401
Cash and cash equivalents at the beginning of the year                         ​      347,930        ​        271,606        ​        262,205
Cash and cash equivalents at the end of the year                               ​      318,319        ​        347,930        ​        271,606
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As of December 31, 2024, 2023 and 2022, we had P$318,319 million, P$347,930 million and P$271,606 million in cash and cash equivalents, respectively.
Cash flows provided by operating activities were P$811,496 million, P$1,345,122 million and P$1,451,363 million in 2024, 2023 and 2022, respectively. 
Net cash provided by operating activities decreased P$533,626 million, or 39.7% in 2024 compared to 2023, primarily due to an increase of P$587,539 million in net cash outflows in connection with changes in our assets and liabilities, slightly offset by a decrease of P$50,137 million in net loss, adjusted for non-cash income and expense and lower income tax payments of P$3,776 million. The decrease was primarily due to an increase in trade payable payments, mostly due to settlements of outstanding foreign currency payables (which also were settled using government bonds), an increase in payments of salaries and social security payables, partially offset by an increase in cash flows related to trade receivables and other receivables.

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PART I - ITEM 5 OPERATING AND FINANCIAL REVIEW AND PROSPECTS   TELECOM ARGENTINA S.A.
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Net cash provided by