Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 147

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 147
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 operating activities decreased P$106,241 million, or 7.3% in 2023 compared to 2022, primarily due to a P$537,164 million increase in net loss, adjusted for non-cash income and expense which was partially offset by (i) a P$373,395 million decrease in net cash outflows in connection with changes in our assets and liabilities and (ii) a P$57,528 million decrease in cash outflows used to pay income tax. The decrease in net cash outflows was primarily due to a decrease in the amounts paid to suppliers in foreign currency given the economic context and the foreign exchange restrictions in force during 2023, which was partially offset by an increase in the use of cash for acquisition of inventories and an increase in trade receivables.
Cash flows used in investing activities were P$383,416 million, P$1,240,360 million and P$1,124,788 million in 2024, 2023 and 2022, respectively.
In 2024, cash flows used in investing activities included payments for acquisitions of PP&E and Intangible assets of P$394,208 million, investments not considered as cash and cash equivalents of P$322,369 million, net of cash acquired from investments not considered as cash and cash equivalents of P$332,958 million.
In 2023, cash flows used in investing activities included payments for acquisitions of PP&E and Intangible assets of P$1,009,352 million and payments for investments not considered as cash and cash equivalents, net of P$582,846 million, partially offset by proceeds from sale of investments not considered as cash and cash equivalents of P$304,533 million.
In 2022, cash flows used in investing activities included payments for acquisitions of PP&E and Intangible assets of P$830,541 million, investments not considered as cash and cash equivalents of P$394,458 million, and payments for acquisition of subsidiaries of P$2,759 million.
Cash flows used in financing activities were P$405,621 million, P$209,395 million and P$310,578 million in 2024, 2023 and 2022, respectively. 
In 2024, cash flows used in financing activities included payments for borrowings, interest and related expenses and leases liabilities for P$1,538,496 million, payment for repurchase of Notes for P$26,540 million and cash dividend payments for P$9,