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CONSOLIDATED INCOME STATEMENTS - ARS ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019
CONSOLIDATED INCOME STATEMENTS |  |  |
Revenues | $ 425,493.0 | $ 455,234.0 | $ 487,067.0
Employee benefit expenses and severance payments | (91,823.0) | (88,265.0) | (95,618.0)
Interconnection and transmission costs | (15,262.0) | (16,987.0) | (15,453.0)
Fees for services, maintenance, materials and supplies | (49,431.0) | (49,829.0) | (54,676.0)
Taxes and fees with the Regulatory Authority | (32,743.0) | (34,747.0) | (37,779.0)
Commissions and advertising | (24,392.0) | (26,040.0) | (30,027.0)
Cost of equipment and handsets | (20,961.0) | (16,803.0) | (22,089.0)
Programming and content costs | (28,949.0) | (30,443.0) | (37,053.0)
Bad debt expenses | (7,983.0) | (16,309.0) | (13,010.0)
Other operating expenses | (21,182.0) | (20,510.0) | (22,961.0)
Depreciation, amortization and impairment of fixed assets | (135,554.0) | (124,669.0) | (125,944.0)
Operating (loss) income | (2,787.0) | 30,632.0 | 32,457.0
Earnings (losses) from associates | 395.0 | 749.0 | (385.0)
Debt financial expenses | 28,700.0 | (37,280.0) | (34,229.0)
Other financial results, net | 16,949.0 | 10,649.0 | 23,284.0
Income before income tax expense | 43,257.0 | 4,750.0 | 21,127.0
Income tax expense | (33,317.0) | (12,454.0) | (29,116.0)
Net income (loss) for the year | 9,940.0 | (7,704.0) | (7,989.0)
Attributable to: |  |  |
Controlling Company | 8,665.0 | (8,626.0) | (9,034.0)
Non-controlling interest | $ 1,275.0 | $ 922.0 | $ 1,045.0
(Loss) earnings per share attributable to Controlling Company |  |  |
Diluted earnings (loss) per share | $ 4.02 | $ (4.01) | $ (4.19)
Basic earnings (loss) per share | $ 4.02 | $ (4.01) | $ (4.19)

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