IHS Holding Limited (IHS) quarterly cash flow statement — complete operating, investing & financing history
IHS Holding Limited (IHS) cash flow statement — 19-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 150M | 205.7M | 170.4M | 251.3M | 237.7M | 200.3M | 344.31M | 174.5M | 134.7M | 75.8M | 149.91M | 220.25M | 238.61M | 235.13M | 281.64M | 286.24M | 191.31M | 148.1M | 181.88M | 198.91M |
| Operating CF Growth % | -36.9% | 2.7% | -50.51% | 44.01% | 76.47% | 164.25% | 129.68% | -20.77% | -43.55% | -67.76% | -46.77% | -23.05% | 24.72% | 58.76% | 54.85% | 43.91% | 9.95% | -24.2% | 36.13% | - |
| Operating CF / Revenue % | 35% | 49.52% | 67.09% | 55.22% | 54.86% | 45.56% | 78.64% | 41.52% | 30.94% | 18.15% | 29.41% | 47.16% | 43.68% | 39.02% | 53.53% | 54.91% | 40.91% | 33.2% | 43.76% | 49.66% |
| Net Income | 25.8M | 67.2M | 401.7M | 151M | 67.6M | 69.2M | 236.35M | -204.1M | -88M | -1.56B | -463.91M | -252.15M | -1.21B | 22.99M | -321.25M | -93.95M | -161.47M | 31.37M | -121.84M | -2.92M |
| Depreciation & Amortization | 56.2M | 57.1M | 92.5M | 94.8M | 89M | 89.4M | 96.69M | 91.31M | 87.2M | 87.57M | 95.2M | 104.93M | 116.49M | 118.96M | 126.43M | 117.47M | 114.86M | 107.84M | 99.7M | 99.25M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 35.3M | 95.7M | -362.97M | -6.1M | 62.7M | 69.8M | -98.91M | 352.89M | 225.8M | 1.64B | 615.52M | 373.13M | 1.36B | 176.24M | 451.29M | 235.38M | 258.03M | 74.27M | 219.41M | 103.47M |
| Working Capital Changes | -24.9M | -14.3M | 39.17M | 5.6M | 9.9M | -33.6M | 92.1M | -67.4M | -95.2M | -96.62M | -100.71M | -8.32M | -26.32M | -86.35M | 21.66M | 23.21M | -22.16M | -68.95M | -18.19M | -5.18M |
| Capital Expenditures | 148.3M | -46.4M | -82.98M | -74.4M | -46.3M | -56.6M | -76.43M | -61.9M | -63.1M | 110.5M | -97.17M | -142.16M | -201.42M | -148.47M | -121.48M | -174.12M | -617.55M | -500.15M | -469.27M | -81.6M |
| CapEx / Revenue % | 34.6% | 11.17% | 32.67% | 16.35% | 10.69% | 12.85% | 17.3% | 14.73% | 14.24% | 26.45% | 18.44% | 29.69% | 35.24% | 23.44% | 22.62% | 33.35% | 132.04% | 112.11% | 112.91% | 20.27% |
| CapEx / D&A | 2.64x | 0.81x | 0.90x | 0.78x | 0.52x | 0.63x | 0.78x | 0.68x | 0.71x | 1.26x | 0.99x | 1.32x | 1.65x | 1.19x | 0.94x | 1.48x | 5.38x | 4.64x | 4.71x | 0.82x |
| CapEx Coverage (OCF/CapEx) | 1.01x | 4.43x | 2.05x | 3.38x | 5.13x | 3.55x | 4.55x | 2.82x | 2.17x | 0.69x | 1.59x | 1.59x | 1.24x | 1.66x | 2.37x | 1.65x | 0.31x | 0.30x | 0.39x | 2.45x |
| Cash from Investing | 148.3M | -40.3M | 98.6M | -43.3M | -47.3M | -39.2M | 55.66M | -44.5M | -58.4M | 110.5M | -83.97M | -183.6M | -256.87M | -188.25M | -160.29M | -239.3M | -617.55M | -500.15M | -469.27M | -77.04M |
| Acquisitions | 177.3M | 5.9M | 179.47M | 0 | 0 | 0 | 114.89M | 0 | 4.1M | 0 | 0 | -4.49M | 0 | 0 | 177K | -8.99M | -409.55M | -317.38M | -222.17M | 0 |
| Purchase of Investments | -7.7M | -800K | 0 | -500K | -14M | -1.8M | -3.07M | 0 | -6.3M | -30.3M | 4.54M | -59.17M | -65.06M | -63.71M | -153.41M | -70.63M | -166.47M | -121.6M | -103.65M | 0 |
| Sale of Investments | 800K | 1M | 0 | 20.3M | 400K | 9.1M | 2.74M | 0 | 1.9M | 202.8M | -469K | 15.91M | 3.99M | 16.73M | 108.52M | 10.73M | 100.12M | 51.46M | 0 | 0 |
| Other Investing | 15.7M | 0 | 2.12M | 11.3M | 12.6M | 10M | 16.85M | 17.4M | 3.9M | 3.3M | 5.99M | 2.81M | -3.31M | -49K | 3.46M | 3.46M | -7.6M | 4.08M | 3.06M | 4.14M |
| Cash from Financing | -166.5M | -51.2M | -56.23M | -93M | -291.3M | -108.1M | -200.69M | -178.7M | 31.7M | -83.3M | -150.5M | -29.11M | 20.75M | -3.44M | -65.37M | -25.69M | 547.19M | -57.89M | 713.55M | -143.02M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt Issuance (Net) | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.32M | -5.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -141.6M | -34.5M | -30.86M | -61.8M | -146.5M | -76.2M | -103.42M | -107.2M | -105.9M | -117.9M | -97.05M | -100.58M | -91.31M | -87.13M | -77.76M | -77.43M | -66.16M | -60.55M | 293.22M | -91M |
| Net Change in Cash | 126.9M | 114.8M | 178.1M | 118.4M | -95.9M | 51M | 180.46M | -48.2M | 112.5M | 39.4M | -131.61M | -7.61M | -82.54M | 1.51M | -16.39M | -36.83M | 58.69M | -407.88M | 415M | -40.15M |
| Exchange Rate Effect | -4.9M | 600K | -34.68M | 3.4M | 5M | -2M | -18.82M | 500K | 4.5M | -63.6M | -47.06M | -15.14M | -85.03M | -41.93M | -72.38M | -58.08M | -62.27M | 2.06M | -11.16M | -19M |
| Cash at Beginning | 966.5M | 825.7M | 647.6M | 533.1M | 629M | 578M | 397.5M | 445.7M | 333.2M | 293.8M | 425.44M | 433.05M | 515.59M | 514.08M | 530.47M | 567.3M | 508.61M | 916.49M | 501.49M | 541.64M |
| Cash at End | 1.09B | 940.5M | 825.7M | 651.5M | 533.1M | 629M | 577.96M | 397.5M | 445.7M | 333.2M | 293.82M | 425.44M | 433.05M | 515.59M | 514.08M | 530.47M | 567.3M | 508.61M | 916.49M | 501.49M |
| Free Cash Flow | 298.3M | 159.3M | 87.42M | 176.9M | 191.4M | 143.7M | 267.88M | 112.6M | 71.6M | 186.3M | 52.74M | 78.1M | 37.19M | 86.66M | 160.16M | 112.13M | -426.23M | -352.05M | -287.39M | 117.31M |
| FCF Growth % | 55.85% | 10.86% | -67.36% | 57.1% | 167.32% | -22.87% | 407.94% | 44.18% | 92.54% | 114.99% | -67.07% | -30.35% | 108.72% | 124.61% | 155.73% | -4.42% | -7653.29% | -1196.11% | -520.49% | - |
| FCF Margin % | 69.6% | 38.35% | 34.42% | 38.87% | 44.17% | 32.69% | 61.18% | 26.79% | 16.44% | 44.6% | 10.35% | 16.72% | 6.81% | 14.38% | 30.44% | 21.51% | -91.14% | -78.91% | -69.15% | 29.29% |
| FCF / Net Income % | -3389.77% | 210.16% | -115.18% | 117.15% | 540.68% | 434.14% | 108.67% | -55.16% | -59.12% | -11.99% | -11.01% | -29.27% | -2.94% | 818.98% | -62.87% | -365.21% | 241.14% | -2131.29% | 392.97% | -385.29% |