← MILLICOM INTERNATIONAL CELLULAR SA

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Net Income — — — — — — $177.0m ($82.0m) $253.0m $1.3b
Net Income From Continuing Operations — — — — — — $354.0m $179.0m $549.0m $1.7b
Profit before taxes from continuing operations $109.0m $176.0m $129.0m $218.0m ($271.0m) $732.0m $238.0m $175.0m $552.0m $1.7b
Profit before taxes from discontinued operations ($26.0m) $51.0m ($39.0m) $59.0m ($12.0m) $0 $116.0m $4.0m ($3.0m) $0
Depreciation and amortization $932.0m $879.0m $830.0m $1.1b $1.2b $1.2b $1.4b $1.3b $1.2b $1.3b
Amortization Cash Flow — — — — — — $345.0m $361.0m — —
Amortization Of Intangibles — — — — — — $345.0m $361.0m — —
Depreciation Amortization Depletion — — — — — — $1.4b $1.3b $1.2b $1.3b
Adjustments For Deferred Tax Of Prior Periods — ($9.0m) ($19.0m) $10.0m $0 $18.0m $2.0m ($1.0m) ($2.0m) ($2.0m)
Gain on disposal and impairment of assets, net $19.0m ($99.0m) ($36.0m) ($40.0m) $20.0m ($6.0m) ($122.0m) ($10.0m) ($54.0m) ($68.0m)
Share-based compensation $14.0m $22.0m $22.0m $30.0m $24.0m $17.0m $29.0m $52.0m $50.0m $14.0m
Adjustments For Share-Based Payments — $22.0m $22.0m $30.0m $24.0m $17.0m $29.0m $52.0m $50.0m $14.0m
Interest expense on leases $397.0m $416.0m $373.0m $157.0m $156.0m $131.0m $131.0m $117.0m $122.0m $182.0m
Interest expense on debt and other financing — $352.0m $282.0m $408.0m $468.0m $400.0m $497.0m $595.0m $594.0m $519.0m
Earnings (Loss)es From Equity Investments — — — — — — ($32.0m) ($39.0m) ($54.0m) ($103.0m)
Proceeds From Sales Of Investments Other Than Investments Accounted For Using Equity Method — — — $25.0m $197.0m $163.0m $0 $0 — —
Total changes in working capital $12.0m ($61.0m) ($66.0m) ($172.0m) ($2.0m) ($81.0m) ($151.0m) ($123.0m) ($97.0m) ($137.0m)
Additional Financial Items
Profit before taxes $83.0m $227.0m $91.0m $276.0m ($283.0m) $731.0m $354.0m $179.0m $549.0m $1.7b
Interest and other financial income ($22.0m) ($16.0m) ($21.0m) ($20.0m) ($13.0m) ($23.0m) ($18.0m) ($28.0m) ($46.0m) ($28.0m)
Share of profit in joint ventures ($115.0m) ($140.0m) ($154.0m) ($179.0m) ($171.0m) ($210.0m) ($32.0m) ($42.0m) ($54.0m) ($102.0m)
Sale of Lati Operations — — — — — — — $0 $0 ($741.0m)
Loss from other associates and joint ventures, net — — — — $1.0m $39.0m $0 $3.0m $0 ($1.0m)
Other non-operating (income) expenses, net ($22.0m) ($2.0m) $40.0m ($227.0m) $106.0m $50.0m $77.0m ($36.0m) $119.0m $43.0m
Decrease (increase) in trade receivables, prepayments and other current assets, net $102.0m $5.0m ($128.0m) ($119.0m) ($43.0m) ($93.0m) ($104.0m) ($245.0m) $36.0m ($228.0m)
Decrease (increase) in inventories $19.0m $16.0m $2.0m $11.0m ($6.0m) $9.0m $5.0m $11.0m $0 ($17.0m)
Increase (decrease) in trade and other payables, net ($109.0m) ($82.0m) $69.0m ($61.0m) $40.0m $6.0m ($37.0m) $47.0m ($92.0m) $89.0m
Changes in contract assets, liabilities and costs, net $0 $0 ($9.0m) ($2.0m) $8.0m ($5.0m) ($14.0m) $65.0m ($42.0m) $18.0m
Interest received $19.0m $16.0m $20.0m $15.0m $11.0m $4.0m $8.0m $31.0m $43.0m $27.0m
Acquisition of subsidiaries, joint ventures and associates, net of cash acquired $0 ($22.0m) ($953.0m) ($1.0b) $10.0m ($2.0b) ($283.0m) $0 $0 ($545.0m)
Net proceeds from the disposal of subsidiaries and associates $147.0m $22.0m $176.0m $111.0m $10.0m $30.0m $152.0m $0 $5.0m $781.0m
Purchase of spectrum and licenses — — — — ($101.0m) ($37.0m) ($93.0m) ($236.0m) ($135.0m) ($73.0m)
Purchase of other intangible assets ($143.0m) ($133.0m) ($148.0m) ($171.0m) ($202.0m) ($135.0m) ($179.0m) ($133.0m) ($94.0m) ($91.0m)
Settlement of derivative financial instruments $0 $0 ($63.0m) — $0 $0 $11.0m ($26.0m) $9.0m $0
Transfer (to) / from pledge deposits, net — — — $0 $0 ($33.0m) $33.0m ($6.0m) $5.0m $0
Loans granted within the Tigo Money lending activity, net — — — — $0 $0 ($3.0m) ($4.0m) ($2.0m) ($1.0m)
Lease capital repayment — ($19.0m) ($17.0m) ($107.0m) ($116.0m) ($137.0m) ($157.0m) ($177.0m) ($204.0m) ($209.0m)
Capital injection in subsidiary (Non-controlling interests' portion) — — — — — $0 $0 $74.0m $0 $0
Share repurchase program — — — $0 ($10.0m) ($50.0m) $0 ($5.0m) ($99.0m) ($119.0m)
Effect of cash disposal of Lati Operations $0 ($19.0m) $6.0m ($9.0m) $0 $0 ($24.0m) $0 $0 ($8.0m)
Cash Flow From Continuing Operating Activities — — $792.0m $801.0m $821.0m $956.0m $1.3b $1.2b $1.6b $1.7b
Beginning Cash Position — — — — — — $895.0m $1.0b $775.0m $699.0m
Cash Flow From Continuing Financing Activities — — — — — — ($1.0m) ($378.0m) ($1.1b) ($484.0m)
Cash Flow From Continuing Investing Activities — — — — — — ($1.1b) ($1.1b) ($603.0m) ($374.0m)
Change In Inventory — — — — — — $5.0m $11.0m $0 ($17.0m)
Change In Other Working Capital — — — — — — ($15.0m) $64.0m ($41.0m) $19.0m
Change In Payable — — — — — — ($37.0m) $47.0m ($92.0m) $89.0m
Change In Payables And Accrued Expense — — — — — — ($37.0m) $47.0m ($92.0m) $89.0m
Change In Receivables — — — — — — ($104.0m) ($245.0m) $36.0m ($228.0m)
Change In Working Capital — — — — — — ($151.0m) ($123.0m) ($97.0m) ($137.0m)
Changes In Account Receivables — — — — — — ($104.0m) ($245.0m) $36.0m ($228.0m)
Changes In Cash — — — — — — $179.0m ($270.0m) ($68.0m) $875.0m
End Cash Position — — — — — — $1.0b $775.0m $699.0m $1.6b
Financing Cash Flow — — — — — — ($1.0m) ($377.0m) ($1.1b) ($485.0m)
Free Cash Flow — — — — — — $212.0m $40.0m $834.0m $920.0m
Gain Loss On Sale Of Business — — — — — — — $0 $0 ($741.0m)
Interest Received CFO — — — — — — $8.0m $31.0m $43.0m $27.0m
Investing Cash Flow — — — — — — ($1.1b) ($1.1b) ($604.0m) ($374.0m)
Issuance Of Capital Stock — — — — — — $717.0m $74.0m $0 $0
Net Business Purchase And Sale — — — — — — ($131.0m) $0 $5.0m $236.0m
Net Intangibles Purchase And Sale — — — — — — ($272.0m) ($369.0m) ($229.0m) ($164.0m)
Net PPE Purchase And Sale — — — — — — ($779.0m) ($797.0m) ($482.0m) ($566.0m)
Operating Gains Losses — — — — — — ($154.0m) ($49.0m) ($108.0m) ($912.0m)
Other Non Cash Items — — — — — — $689.0m $648.0m $790.0m $717.0m
Purchase Of Business — — — — — — ($283.0m) $0 $0 ($545.0m)
Purchase Of Intangibles — — — — — — ($272.0m) ($369.0m) ($229.0m) ($164.0m)
Purchase Of PPE — — $632.0m $736.0m $622.0m $740.0m ($800.0m) ($814.0m) ($540.0m) ($650.0m)
Repurchase Of Capital Stock — — — — — — $0 ($5.0m) ($99.0m) ($119.0m)
Sale Of Business — — — — — — $152.0m $0 $5.0m $781.0m
Sale Of PPE — — — — — — $21.0m $17.0m $58.0m $84.0m
Stock Based Compensation — — — — — — $29.0m $52.0m $50.0m $14.0m
Adjustments For Current Tax Of Prior Period — $12.0m ($1.0m) $7.0m $29.0m $18.0m $39.0m $10.0m $6.0m $24.0m
Adjustments For Decrease Increase In Trade Account Receivable — $5.0m ($128.0m) ($119.0m) ($43.0m) ($93.0m) ($104.0m) ($245.0m) $36.0m ($228.0m)
Adjustments For Finance Costs — $416.0m $373.0m $157.0m $156.0m $131.0m $131.0m $117.0m $122.0m $182.0m
Adjustments For Finance Income — $16.0m $21.0m $20.0m $13.0m $23.0m $18.0m $28.0m $46.0m $28.0m
Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates — — — — — — — — — $741.0m
Adjustments For Increase Decrease In Trade Account Payable — ($82.0m) $69.0m ($61.0m) $40.0m $6.0m ($37.0m) $47.0m ($92.0m) $89.0m
Goodwill — $599.0m $1.1b $1.7b $1.7b $4.9b $4.1b $4.1b $4.1b $4.3b
Increase Decrease In Working Capital — $61.0m $66.0m $172.0m $2.0m $81.0m $151.0m $123.0m $97.0m $137.0m
Interest Received Classified As Operating Activities — $16.0m $20.0m $15.0m $11.0m $4.0m $8.0m $31.0m $43.0m $27.0m
Payments Of Lease Liabilities Classified As Financing Activities — — — $107.0m $116.0m $137.0m $157.0m $177.0m $204.0m $209.0m
Payments To Acquire Or Redeem Entitys Shares — — — — $10.0m $50.0m $0 $5.0m $99.0m $119.0m
Proceeds From Borrowings Classified As Financing Activities — $996.0m $1.2b $2.9b $1.5b $3.1b $1.6b $362.0m $604.0m $1.2b
Proceeds From Issuing Shares — — — — — — $717.0m $0 $0 —
Purchase Of Intangible Assets Classified As Investing Activities — $133.0m $148.0m $171.0m $202.0m $135.0m $179.0m $133.0m $94.0m $91.0m
Repayments Of Borrowings Classified As Financing Activities — $1.2b $546.0m $1.2b $1.7b $1.3b $2.1b $632.0m $1.4b $599.0m
Profit or Loss — $69.0m ($26.0m) $154.0m ($385.0m) $542.0m $129.0m ($245.0m) $268.0m $1.4b
Net cash provided by operating activities $878.0m $820.0m $792.0m $801.0m $821.0m $956.0m $1.3b $1.2b $1.6b $1.7b
Cash flows from investing activities:
Purchase of property, plant and equipment ($719.0m) ($650.0m) ($632.0m) ($736.0m) ($622.0m) ($740.0m) ($800.0m) ($814.0m) ($540.0m) ($650.0m)
Proceeds from sale of property, plant and equipment $6.0m $179.0m $154.0m $24.0m $9.0m $11.0m $21.0m $17.0m $58.0m $84.0m
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities $6.0m $179.0m $154.0m $24.0m $9.0m $11.0m $21.0m $17.0m $58.0m $84.0m
Net Investment Purchase And Sale — — — — — — $11.0m ($26.0m) $9.0m $0
Purchase Of Investment — — — — — — — ($26.0m) — $0
Sale Of Investment — — — — — $0 $11.0m — $9.0m $0
Cash (used in) provided by other investing activities, net $8.0m $31.0m $24.0m $20.0m $32.0m $26.0m $25.0m $24.0m $25.0m $22.0m
Net Other Investing Changes — — — — — — $57.0m $13.0m $27.0m $21.0m
Net cash provided by (used in) investing activities ($552.0m) ($367.0m) ($1.2b) ($1.5b) ($495.0m) ($2.7b) ($1.1b) ($1.1b) ($604.0m) ($374.0m)
Cash flows from financing activities:
Proceeds from debt and other financing $713.0m $996.0m $1.2b $2.9b $1.5b $3.1b $1.6b $362.0m $604.0m $1.2b
Issuance Of Debt — — — — — — $1.6b $362.0m $604.0m $1.2b
Long Term Debt Issuance — — — — — — $1.6b $362.0m $604.0m $1.2b
Net Issuance Payments Of Debt — — — — — — ($714.0m) ($447.0m) ($966.0m) $391.0m
Net Long Term Debt Issuance — — — — — — ($714.0m) ($447.0m) ($966.0m) $391.0m
Repayment of debt and other financing ($821.0m) ($1.2b) ($546.0m) ($1.2b) ($1.7b) ($1.3b) ($2.1b) ($632.0m) ($1.4b) ($599.0m)
Long Term Debt Payments — — — — — — ($2.3b) ($809.0m) ($1.6b) ($808.0m)
Repayment Of Debt — — — — — — ($2.3b) ($809.0m) ($1.6b) ($808.0m)
Common Stock Issuance — — — — — — $717.0m $74.0m $0 $0
Net Common Stock Issuance — — — — — — $717.0m $69.0m ($99.0m) ($119.0m)
Common Stock Payments — — — — — — $0 ($5.0m) ($99.0m) ($119.0m)
Dividends and dividend advances received from joint ventures and associates $143.0m $203.0m $243.0m $237.0m $71.0m $13.0m $10.0m $63.0m $66.0m $99.0m
Advances and dividends paid to non-controlling interests ($68.0m) $0 $0 ($13.0m) ($5.0m) ($6.0m) ($4.0m) $0 $0 ($2.0m)
Dividends paid to owners of the Company ($265.0m) ($265.0m) ($266.0m) ($268.0m) $0 $0 $0 $0 $0 ($754.0m)
Cash Dividends Paid — — — — — — $0 $0 $0 ($754.0m)
Common Stock Dividend Paid — — — — — — $0 $0 $0 ($754.0m)
Dividends Received CFI — — — — — — $10.0m $63.0m $66.0m $99.0m
Dividends paid — — — — — — — — $173 $1k
Payments of Dividends — — — — — — — — $173 $1k
Interest paid on debt and other financing — ($288.0m) ($229.0m) ($344.0m) ($411.0m) ($355.0m) ($411.0m) ($505.0m) ($499.0m) ($409.0m)
Net Other Financing Charges — — — — — — ($4.0m) $1.0m ($1.0m) ($3.0m)
Net cash from (used in) financing activities ($441.0m) ($464.0m) $341.0m $1.4b ($598.0m) $1.8b ($1.0m) ($377.0m) ($1.1b) ($485.0m)
Effect Of Exchange Rate Changes — — — — — — ($35.0m) $6.0m ($8.0m) ($22.0m)
Net increase (decrease) in cash and cash equivalents ($123.0m) ($8.0m) ($98.0m) $645.0m ($289.0m) $20.0m $168.0m ($264.0m) ($76.0m) $861.0m
Exchange impact on cash and cash equivalents, net ($8.0m) $4.0m ($33.0m) ($8.0m) ($17.0m) ($10.0m) ($11.0m) $6.0m ($8.0m) ($14.0m)
Cash and cash equivalents at the beginning of the year $646.0m $619.0m $528.0m $1.2b $875.0m $895.0m $1.0b $775.0m $699.0m $1.6b
Change In Cash Supplemental As Reported — — — — — — $168.0m ($264.0m) ($76.0m) $861.0m
Interest paid on leases — ($84.0m) ($89.0m) ($141.0m) ($151.0m) ($140.0m) ($128.0m) ($115.0m) ($120.0m) ($176.0m)
Interest Paid Classified As Operating Activities $0 $372.0m $318.0m ($13.0m) ($5.0m) ($6.0m) ($4.0m) $0 $0 ($2.0m)
Taxes paid ($130.0m) ($132.0m) ($153.0m) ($114.0m) ($142.0m) ($127.0m) ($316.0m) ($233.0m) ($239.0m) ($335.0m)
Income Taxes Paid Refund Classified As Operating Activities ($130.0m) $132.0m $153.0m $114.0m $142.0m $127.0m $316.0m $233.0m $239.0m $335.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.