← IHS Holding Ltd
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Net income | $26.4m | $49.0m | $35.4m | $26.4m | $30.5m | $26.0m | $25.6m | |
| Net Income From Continuing Operations | — | — | — | ($544.0m) | ($1.8b) | ($1.4b) | $690.8m | |
| Depreciation and amortization | $739k | $2.9m | $2.1m | $2.9m | $3.4m | $3.8m | $6.9m | |
| Amortization of right-of-use assets | $314k | $447k | $426k | $454k | $394k | $41k | $122k | |
| Amortization of loan origination fees | — | $93k | $104k | $76k | $16k | $10k | — | |
| Amortization Cash Flow | — | — | — | $47.3m | $50.4m | $46.8m | $60.1m | |
| Amortization Of Intangibles | — | — | — | $47.3m | $50.4m | $46.8m | $60.1m | |
| Depreciation Amortization Depletion | — | — | — | $468.9m | $435.6m | $362.8m | $375.9m | |
| Adjustments For Deferred Tax Of Prior Periods | — | — | — | — | $25.1m | ($6.7m) | — | |
| Deferred income tax expense (benefits) | $190k | ($181k) | $713k | ($53k) | $63k | ($33k) | $73k | |
| Adjustments For Share-Based Payments | — | $8.3m | $11.8m | $13.3m | $13.4m | $27.9m | $29.1m | |
| Asset Impairment Charge | — | — | — | $212.2m | $135.7m | $118.6m | $404.3m | |
| Operating lease liabilities | ($310k) | ($376k) | — | — | — | — | — | |
| Interest Expense | $287k | $239k | — | — | — | — | — | |
| Additional Financial Items | ||||||||
| Adjustments For Current Tax Of Prior Period | — | — | — | — | $375k | $121k | — | |
| Adjustments For Decrease Increase In Trade Account Receivable | — | ($130.3m) | ($164.4m) | ($141.7m) | ($295.3m) | — | — | |
| Adjustments For Finance Costs | — | — | — | — | $2.4b | $2.1b | $436.9m | |
| Adjustments For Finance Income | — | — | — | — | $25.2m | $33.7m | $227.5m | |
| Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates | — | — | — | — | — | $83.8m | $177.7m | |
| Adjustments For Increase Decrease In Trade Account Payable | — | ($19.0m) | $87.9m | $133.2m | $59.0m | — | — | |
| Goodwill | — | $656.3m | $837.4m | $760.3m | $619.3m | $403.2m | $262.7m | |
| Increase Decrease In Working Capital | — | $157.8m | $69.8m | $46.2m | $225.0m | $158.7m | ($13.2m) | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | $58.4m | $96.2m | $112.8m | $131.3m | $121.3m | $109.8m | |
| Payments To Acquire Or Redeem Entitys Shares | — | — | — | — | $10.0m | — | — | |
| Proceeds From Borrowings Classified As Financing Activities | — | $232.2m | $1.1b | $1.3b | $986.6m | $2.2b | $195.9m | |
| Proceeds From Issuing Shares | — | — | $378.0m | — | — | — | — | |
| Purchase Of Intangible Assets Classified As Investing Activities | — | $2.5m | $5.1m | $15.7m | $22.8m | $4.0m | $100k | |
| Repayments Of Borrowings Classified As Financing Activities | — | $99.9m | $653.5m | $506.5m | $689.9m | $2.1b | $386.9m | |
| Payment for rent | — | ($6.8m) | ($8.5m) | ($8.0m) | ($3.7m) | ($7.8m) | ($1.9m) | |
| Payment for tower and tower equipment decommissioning | — | ($65k) | ($231k) | ($343k) | ($343k) | ($95k) | ($200k) | |
| Purchase of software and licenses | — | ($2.5m) | ($5.1m) | ($15.7m) | ($22.8m) | ($4.0m) | ($100k) | |
| Proceeds from sale of subsidiaries, net of cash disposed | — | — | — | — | — | $119.0m | $169.8m | |
| Insurance claims received | — | $6.3m | $16.7m | $2.1m | $321k | $73k | $400k | |
| Interest received | — | $5.1m | $7.8m | $15.2m | $25.0m | $18.7m | $42.3m | |
| Deposit of short-term deposits | — | — | ($103.6m) | ($512.1m) | ($183.4m) | ($43.7m) | ($17.0m) | |
| Refund of short-term deposits | — | — | — | $270.8m | $36.2m | $211.5m | $32.3m | |
| Proceeds received from issuance of borrowings (net of transaction costs) | — | $232.2m | $1.1b | $1.3b | $986.6m | $2.2b | $195.9m | |
| Repayment of borrowings | — | ($99.9m) | ($653.5m) | ($506.5m) | ($689.9m) | ($2.1b) | ($386.9m) | |
| Fees on borrowings and derivative instruments | — | ($9.4m) | ($20.4m) | ($19.9m) | ($19.4m) | ($10.6m) | ($20.9m) | |
| Payment for the principal portion of lease liabilities | — | ($39.2m) | ($63.3m) | ($76.6m) | ($72.9m) | ($55.2m) | ($41.5m) | |
| Settlement of derivative instruments | — | — | $37.7m | ($3.2m) | $839k | ($22.4m) | ($3.3m) | |
| Exchange differences | — | ($62.0m) | ($65.4m) | ($190.7m) | ($189.2m) | ($77.4m) | $5.5m | |
| (Reversal of provision) provision for credit losses | $188k | ($1.1m) | ($268k) | $440k | $2.1m | ($20k) | ($2.9m) | |
| Provision for unamortized produced content | — | — | — | $770k | $112k | — | — | |
| Share based compensation for employees | — | $5.4m | $4k | — | — | $1.7m | $3.4m | |
| Change in fair value of warrant liability | — | ($19.7m) | ($809k) | $62k | ($86k) | — | — | |
| Income from waive of other payables | — | — | — | — | — | ($156k) | ($22k) | |
| Accounts receivable | ($12.7m) | ($24.0m) | $19.9m | ($42.1m) | $15.2m | $1.9m | $1.5m | |
| Prepayment and other current assets | — | — | ($10.7m) | $16.9m | ($22.3m) | ($514k) | ($10.2m) | |
| Unamortized produced content | $1.3m | $442k | ($537k) | $170k | $682k | ($16k) | — | |
| Accounts payable | $3.9m | $2.8m | $4.8m | ($5.6m) | $3.3m | ($7.4m) | $599k | |
| Contract liabilities | $372k | ($39k) | ($87k) | ($356k) | ($14k) | ($101k) | ($26k) | |
| Accrued liabilities and other payables | $449k | $5.2m | ($9.2m) | $565k | ($370k) | — | ($1.5m) | |
| Other taxes payable | $717k | $5.6m | $5.0m | $7.3m | $9.5m | ($2.3m) | ($6.7m) | |
| Lease liabilities | ($310k) | ($376k) | ($389k) | ($641k) | ($371k) | ($22k) | ($111k) | |
| Purchase of intangible assets | — | — | — | ($8.0m) | — | ($24.9m) | ($709k) | |
| Proceeds from short-term bank loans | — | — | $5.1m | $6.1m | $4.7m | $12.5m | $7.7m | |
| Repayments of short-term bank loans | — | ($724k) | ($6.8m) | ($6.2m) | ($4.8m) | ($6.9m) | ($12.5m) | |
| Payment of loan origination fees | — | ($146k) | ($68k) | ($87k) | ($58k) | ($32k) | — | |
| Contribution (withdrawal of) from shareholders | — | — | — | $743k | ($791k) | $5.5m | — | |
| Borrowings from related parties | $3.2m | — | — | $743k | $1.6m | — | $1.6m | |
| Repayments to related parties | — | — | ($232k) | — | — | ($500k) | — | |
| Proceeds from issuance of ordinary shares in connection with a private placement | — | — | $15.3m | — | $80.0m | — | $21.0m | |
| Acquisition of intangible assets from prepayments | — | — | — | — | $4.5m | $4.5m | $14.4m | |
| Share based compensation for non-employees | — | $1.8m | $181k | $391k | — | — | — | |
| Prepayments for acquisition of intangible assets | ($15.3m) | ($2.7m) | ($2.7m) | ($8.0m) | — | — | — | |
| Return for short term investment | — | ($1.6m) | $1.8m | — | — | — | — | |
| Prepayment and other assets | $4.5m | ($19.3m) | ($10.7m) | $16.9m | — | — | — | |
| Proceeds from bank loans | ($9.4m) | $6.2m | $5.1m | $6.1m | — | — | — | |
| Finance Lease Expense | $314k | $447k | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | $916.5m | $514.1m | $293.8m | $578.0m | |
| Cash Flow From Continuing Financing Activities | — | — | — | $398.2m | ($162.3m) | ($431.0m) | ($644.1m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($1.5b) | ($722.2m) | $63.2m | ($22.3m) | |
| Change In Inventory | — | — | — | ($37.8m) | $11.2m | ($15.0m) | ($10.8m) | |
| Change In Payable | — | — | — | $133.2m | $59.1m | $56.9m | $22.6m | |
| Change In Payables And Accrued Expense | — | — | — | $133.2m | $59.1m | $56.9m | $22.6m | |
| Change In Receivables | — | — | — | ($141.7m) | ($295.3m) | ($200.6m) | $1.4m | |
| Change In Working Capital | — | — | — | ($46.2m) | ($225.0m) | ($158.7m) | $13.2m | |
| Changes In Cash | — | — | — | ($211.7m) | ($31.0m) | $361.6m | $269.8m | |
| End Cash Position | — | — | — | $514.1m | $293.8m | $578.0m | $853.3m | |
| Financing Cash Flow | — | — | — | $398.2m | ($162.3m) | ($431.0m) | ($644.1m) | |
| Free Cash Flow | — | — | — | $347.9m | $254.7m | $460.3m | $684.1m | |
| Gain Loss On Sale Of Business | — | — | — | $0 | $0 | ($83.8m) | ($177.7m) | |
| Gain Loss On Sale Of PPE | — | — | — | $3.4m | ($3.8m) | $20.2m | ($4.6m) | |
| Interest Received CFI | — | — | — | $15.2m | $25.0m | $18.7m | $42.3m | |
| Investing Cash Flow | — | — | — | ($1.5b) | ($722.2m) | $63.2m | ($22.3m) | |
| Issuance Of Capital Stock | — | — | $378.0m | $0 | $0 | — | — | |
| Net Business Purchase And Sale | — | — | — | ($735.7m) | ($4.5m) | $119.0m | $169.8m | |
| Net Intangibles Purchase And Sale | — | — | — | ($15.7m) | ($22.8m) | ($4.0m) | ($100k) | |
| Net PPE Purchase And Sale | — | — | — | ($541.8m) | ($573.1m) | ($238.4m) | ($250.0m) | |
| Operating Gains Losses | — | — | — | $3.4m | ($3.8m) | ($63.6m) | ($182.3m) | |
| Other Non Cash Items | — | — | — | $855.4m | $2.3b | $1.9b | ($368.3m) | |
| Provisionand Write Offof Assets | — | — | — | ($4.4m) | $7.2m | $0 | $18.2m | |
| Purchase Of Business | — | — | — | ($735.7m) | ($4.5m) | $0 | $0 | |
| Purchase Of Intangibles | — | — | — | ($15.7m) | ($22.8m) | ($4.0m) | ($100k) | |
| Purchase Of PPE | — | — | — | ($543.7m) | ($576.0m) | ($265.1m) | ($252.0m) | |
| Repurchase Of Capital Stock | — | — | — | $0 | ($10.0m) | $0 | $0 | |
| Sale Of Business | — | — | — | $0 | $0 | $119.0m | $169.8m | |
| Sale Of PPE | — | — | — | $1.8m | $2.9m | $26.7m | $2.0m | |
| Stock Based Compensation | — | — | — | $13.3m | $13.4m | $27.9m | $29.1m | |
| Profit or Loss | — | ($322.7m) | ($26.1m) | ($470.4m) | ($2.0b) | ($1.6b) | $126.8m | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | — | $2.2m | $4.7m | $1.8m | $2.9m | $26.7m | $2.0m | |
| Purchase of property, plant and equipment | ($7k) | ($7.8m) | ($13.7m) | ($378.5m) | ($464.9m) | ($235.2m) | ($217.5m) | |
| Consideration paid on business combinations, net of cash acquired | — | ($542.9m) | ($401.0m) | ($735.7m) | ($4.5m) | — | — | |
| Net Investment Purchase And Sale | — | — | — | ($241.3m) | ($147.1m) | $167.8m | $15.3m | |
| Purchase Of Investment | — | — | — | ($512.1m) | ($183.4m) | ($43.7m) | ($17.0m) | |
| Sale Of Investment | — | — | — | $270.8m | $36.3m | $211.5m | $32.3m | |
| Net Other Investing Changes | — | — | — | $2.1m | $300k | $100k | $400k | |
| Net cash (used in)/from investing activities | — | ($758.5m) | ($877.9m) | ($1.5b) | ($722.2m) | $63.2m | ($22.3m) | |
| Cash flows from financing activities | ||||||||
| Issuance Of Debt | — | — | — | $1.3b | $986.6m | $2.2b | $195.9m | |
| Long Term Debt Issuance | — | — | — | $1.3b | $986.6m | $2.2b | $195.9m | |
| Net Issuance Payments Of Debt | — | — | — | $680.1m | $223.8m | $3.9m | ($232.5m) | |
| Net Long Term Debt Issuance | — | — | — | $680.1m | $223.8m | $3.9m | ($232.5m) | |
| Long Term Debt Payments | — | — | — | ($583.1m) | ($762.8m) | ($2.2b) | ($428.4m) | |
| Repayment Of Debt | — | — | — | ($583.1m) | ($762.8m) | ($2.2b) | ($428.4m) | |
| Common Stock Issuance | — | — | $378.0m | $0 | $0 | — | — | |
| Net Common Stock Issuance | — | — | — | $0 | ($10.0m) | $0 | $0 | |
| Common Stock Payments | — | — | — | $0 | ($10.0m) | $0 | $0 | |
| Cash Dividends Paid | — | — | — | $0 | $0 | $0 | $0 | |
| Net Other Financing Charges | — | — | — | ($11.2m) | ($18.7m) | ($33.1m) | ($24.2m) | |
| Net cash (used in) provided by financing activities | ($6.2m) | $5.4m | $13.3m | — | — | — | — | |
| Effect of exchange rate changes | ($68k) | $1.1m | $881k | ($7.1m) | ($149k) | ($5.4m) | $9.4m | |
| Effect of Exchange Rate on Cash | ($68k) | $1.1m | — | — | — | — | — | |
| Net increase/(decrease) in cash and cash equivalents | — | ($251.4m) | $396.5m | ($211.7m) | ($31.1m) | $361.5m | $269.8m | |
| Net increase in cash and cash equivalents | $4.5m | $10.8m | $59.6m | ($6.8m) | $124.0m | $3.1m | $44.4m | |
| Cash and cash equivalents at beginning of year | — | $898.8m | $585.4m | $916.5m | $514.1m | $578.0m | $853.3m | |
| Cash and cash equivalents, at beginning of year | $2.4m | $6.9m | $17.7m | $77.3m | $70.5m | $194.5m | $197.7m | |
| Cash and cash equivalents, at end of year | — | $17.7m | $77.3m | $70.5m | $194.5m | $197.7m | $242.1m | |
| Cash and cash equivalents | — | — | — | $70.5m | $194.2m | — | — | |
| Change In Cash Supplemental As Reported | — | — | — | ($211.7m) | ($31.0m) | $361.6m | $269.8m | |
| Interest Paid Classified As Financing Activities | $287k | $167.9m | $168.3m | $234.6m | $299.0m | $327.0m | $309.0m | |
| Income Taxes Paid Refund Classified As Operating Activities | — | $14.5m | $29.1m | $51.2m | $45.4m | $38.6m | $44.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.