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CONSOLIDATED STATEMENTS OF CASH FLOWS - PHP (₱)
₱ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES      
Income before income tax and noncontrolling interest from continuing operations ₱ 42,693 ₱ 36,477 ₱ 14,032
Loss before income tax and noncontrolling interest from discontinued operations (Note 2)   (41) (523)
NET INCOME FROM CONTINUING OPERATIONS (Note 4) 42,693 36,436 13,509
Adjustments for:      
Depreciation and amortization (Notes 2, 9, 10 and 18) 55,988 58,462 98,714
Interest on loans and other related items – net (Note 5) 11,031 9,990 9,112
Asset impairment (Note 5) 4,321 4,436 6,107
Accretion on lease liabilities (Notes 2, 5 and 10) 3,935 3,268 2,064
Pension benefit costs (Notes 5 and 25) 1,441 1,426 1,749
Incentive plan (Notes 5 and 25) 1,136 839 1,272
Equity share in net losses of associates and joint ventures (Notes 5 and 11) 990 2,806 3,304
Accretion on financial liabilities (Notes 5 and 20) 455 409 375
Amortization of intangible assets (Notes 5 and 14) 240 221 228
Foreign exchange losses (gains) - net (Notes 2, 5 and 27) 36 (1,153) 4,685
Impairment of investments (Note 11)   70 50
Gains on dilution of shares (Note 11)     (660)
Income from prescription of preferred shares redemption liability (Notes 5 and 19) (71)   (7,839)
Gains on disposal of property and equipment (85) (468) (148)
Interest income (Note 5) (916) (1,017) (653)
Gain on sale and leaseback of telecom towers (Notes 5 and 9) (1,442) (7,777) (25,852)
Gains on derivative financial instruments - net (Notes 5 and 27) (4,023) (1,198) (2,322)
Others (631) 8 (1,884)
Operating income before changes in assets and liabilities 115,098 106,758 101,811
Decrease (increase) in:      
Prepayments 21,034 10,264 12,218
Inventories and supplies 31 597 410
Contract assets (139) 101 (209)
Trade and other receivables (9,137) 952 (8,366)
Other financial and non-financial assets (1,824) 156 208
Increase (decrease) in:      
Customers' deposits (194) (75) 44
Pension and other employee benefits (3,355) (5,174) (6,847)
Accrued expenses and other current liabilities (8,716) (4,414) (507)
Accounts payable (27,765) (21,285) (18,306)
Other noncurrent liabilities (20) (57) (68)
Net cash flows generated from operations 85,013 87,823 80,388
Income taxes paid (3,282) (2,058) (4,188)
Net cash flows from operating activities 81,731 85,765 76,200
Proceeds from:      
Disposal of property and equipment (Note 9) 4,827 23,971 60,833
Redemption of investment in debt securities (Note 12) 200   182
Maturity of short-term investments 21 440 8,700
Disposal of investments in associates and joint ventures (Note 11)     2,458
Interest received 881 973 636
Payments for:      
Purchase of investment in debt securities (Note 12)     (173)
Settlements of notes receivable     (200)
Payments for acquisition of intangibles (29)    
Purchase of short-term investments (37) (449) (6,368)
Purchase of financial assets at fair value through profit or loss (166)    
Interest capitalized to property and equipment (Notes 5 and 9) (2,589) (2,169) (1,748)
Acquisition of investments in associates and joint ventures (Note 11) (3,770) (1,636) (3,514)
Purchase of property and equipment (Note 9) (65,668) (76,266) (93,803)
Decrease (Increase) in other financial and non-financial assets 626 18 (9)
Net cash flows used in investing activities (65,704) (55,118) (33,006)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES      
Availments of long-term debt (Notes 20 and 28) 37,000 38,000 5,000
Collection from derivative financial instruments (Notes 27 and 28) 704   87
Return of preferred shares redemption fund (Note 19) 71   7,839
Availments of short-term debt (Notes 20 and 28)     16,000
Payments for:      
Settlements of derivative financial instruments - net (Notes 27 and 28)   (607)  
Short-term debt (Notes 20 and 28)   (10,000) (6,000)
Distribution charges on perpetual notes (Note 19) (59) (236) (236)
Debt issuance costs (Notes 20 and 28) (219) (214) (62)
Redemption of perpetual notes (Note 19) (4,200)    
Interest - net of capitalized portion (Notes 5, 20 and 28) (10,740) (9,715) (9,013)
Long-term debt (Notes 20 and 28) (12,059) (22,611) (22,353)
Obligations under lease liabilities (Notes 10 and 28) (12,079) (10,707) (8,331)
Cash dividends (Notes 19 and 28) (20,750) (23,328) (25,235)
Net cash flows used in financing activities (22,331) (39,418) (42,304)
NET EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 138 (263) 414
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (6,166) (9,034) 1,304
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR (Note 15) 16,177 25,211 23,907
CASH AND CASH EQUIVALENTS AT END OF THE YEAR (Note 15) ₱ 10,011 ₱ 16,177 ₱ 25,211