Export financials
Telefônica Brasil S.A. (VIV)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.

Telefônica Brasil S.A. Balance Sheet 2025-2011 | VIV
Brief overview of Telefônica Brasil S.A.'s assets and capital
Balance sheet changes are traced across five available annual reports between 2021 and 2025.
Assets grew from 115.7 billion BRL to 128.1 billion BRL. An increase of +10.7% at roughly 2.6% CAGR was not especially fast.
Liabilities grew faster than assets: +29.4% versus +10.7%. A substantial part of expansion was externally funded.
Equity funds 53.9% of assets versus initially. This creates a conservative balance sheet structure.
Cash accounts for 5.5% of assets versus 5.6% initially. The change indicates the degree of financial flexibility.
Overall assessment
Telefônica Brasil S.A.'s balance sheet is broadly resilient, though selected areas require monitoring. The balance between assets, equity and liabilities remains the key issue.
Annual Balance Sheet Telefônica Brasil S.A.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | - | - | - | - | -4.76 B | - | -3 M | -4 M | -5 M | -5 M | -4 M | 2.21 B | 771 M | -2.94 T |
Long Term Debt |
- | - | - | - | - | 1 B | - | - | - | - | - | - | 7.23 B | 6.01 B | - |
Total Non Current Liabilities |
33.8 B | 30.9 B | 31 B | 28.5 B | - | 21.3 B | - | - | - | - | - | - | 12.9 B | 12 B | - |
Total Liabilities |
59.1 B | 55.1 B | 51.1 B | 50.7 B | 45.7 B | 39.2 B | 37.8 B | 31 B | - | - | - | - | 26.6 B | 25.6 B | 65.5 T |
Deferred Revenue |
- | - | - | - | - | 507 M | 21 M | 21 M | 19 M | 20 M | 20 M | 20 M | 818 M | 735 M | 761 B |
Total Assets |
128 B | 125 B | 121 B | 119 B | 116 B | 109 B | 108 B | 103 B | 40 M | 45 M | 45 M | 40 M | 69.5 B | 70.3 B | 65.5 T |
Cash and Cash Equivalents |
7.03 B | 6.69 B | 4.36 B | 2.27 B | 6.45 B | 5.76 B | 3.39 B | 3.38 B | 4.05 B | 5.11 B | 5.34 B | - | - | - | - |
Book Value |
69 B | 69.8 B | 69.6 B | 68.5 B | 70 B | 69.6 B | 70.5 B | 71.6 B | 40 M | 45 M | 45 M | 40 M | 42.9 B | 44.7 B | - |
Total Shareholders Equity |
69 B | 69.8 B | 69.6 B | 68.5 B | - | 69.6 B | 70.5 B | 71.6 B | 69.5 B | 69.2 B | 68.6 B | - | - | - | - |
Annual performance
Select metrics to display
All numbers in BRL currency
Quarterly Balance Sheet Telefônica Brasil S.A.
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Non Current Liabilities |
33.8 B | 30.9 B | 31 B | 28.5 B | - | - | - | 23.2 B | - | - | - | 21.3 B | - | - | - | 20.1 B | - | - | - | 13.8 B | - | - | - | 14.1 B | - | - | - | 12.4 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
59.1 B | 55.1 B | 51.1 B | 50.7 B | - | - | - | 45.7 B | - | - | - | 39.2 B | - | - | - | 37.8 B | - | - | - | 31 B | - | - | - | 31.9 B | - | - | - | 32.8 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
128 B | 125 B | 121 B | 119 B | - | - | - | 116 B | - | - | - | 109 B | - | - | - | 108 B | - | - | - | 103 B | - | - | - | 101 B | - | - | - | 102 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
7.03 B | 6.69 B | 4.36 B | 53.4 M | - | - | - | 104 M | - | - | - | 192 M | - | - | - | 250 M | - | - | - | 206 M | - | - | - | 118 M | - | - | - | 5.11 B | - | - | - | 5.34 B | - | - | - | 4.69 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
69 B | 69.8 B | 69.6 B | 68.5 B | - | - | - | 70 B | - | - | - | 69.6 B | - | - | - | 70.5 B | - | - | - | 71.6 B | - | - | - | 69.5 B | - | - | - | 69.2 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
69 B | 69.8 B | 69.6 B | 68.5 B | - | - | - | 70 B | - | - | - | 69.6 B | - | - | - | 70.5 B | - | - | - | 71.6 B | - | - | - | 73.8 B | - | - | - | 69.2 B | - | - | - | 68.6 B | - | - | - | 45 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
Select metrics to display
All numbers in BRL currency
Balance Sheet is a fundamental financial report of Telefônica Brasil S.A., providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.