Millicom International Cellular S.A. (TIGO) quarterly cash flow statement — complete operating, investing & financing history
Millicom International Cellular S.A. (TIGO) cash flow statement — 30-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 | 723.63M | 618M | 477M | 507.18M | 494.91M | 364M | 435.34M | 433M | 476M | 248M | 389.28M | 347M | 278M | 243M | 437.14M | 273.16M | 291M | 269M | 416.57M | 227.35M |
| Operating CF Growth % | 46.22% | 69.78% | 9.57% | 17.13% | 3.97% | 46.77% | 11.83% | 24.78% | 71.22% | 2.06% | -10.95% | 27.03% | -4.47% | -9.67% | 4.94% | 20.15% | 50.78% | 209.2% | 40.73% | -3.09% |
| Operating CF / Revenue % | 33.21% | 31.13% | 28.87% | 35.72% | 36.07% | 26.49% | 30.49% | 30.26% | 32.65% | 16.68% | 26.39% | 24.37% | 19.96% | 17.75% | 31.65% | 19.68% | 20.11% | 19.11% | 33.19% | 22.6% |
| Net Income | 108M | 109M | 252M | 195M | 676M | 193M | 34M | 123M | 156M | 92M | -63M | 40M | 34M | 3M | 57M | -33M | 129M | 28M | 659M | 24M |
| Depreciation & Amortization | 519M | 467M | 370M | 316M | 297M | 297M | 296M | 300M | 304M | 334M | 342M | 337M | 328M | 331M | 323M | 342M | 342M | 337M | 298M | 248M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -236M | -226M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 47.72M | 65M | -129M | 16.46M | -500.97M | -46M | 76.69M | -41M | -43M | 25M | 86.67M | 173M | 167M | 33M | -8.33M | -19.65M | -149M | 35M | -644.16M | -53.75M |
| Working Capital Changes | 48.92M | -23M | -18M | -20.28M | 22.88M | -80M | 28.65M | 28M | 49M | -203M | 23.61M | 18M | -38M | -124M | 65.47M | -16.19M | -38M | -131M | 103.73M | 9.1M |
| Capital Expenditures | -600.53M | -1.08B | -435M | -168.58M | 354.79M | -132M | -156.63M | -149M | -177M | -200M | -206.68M | -219M | -276M | -228M | -187.58M | -193.31M | -427M | -196M | -2.23B | -141.13M |
| CapEx / Revenue % | 27.56% | 54.46% | 26.33% | 14.66% | 25.86% | 15.72% | 12.35% | 8.39% | 8.3% | 13.45% | 22.45% | 15.38% | 19.81% | 25.2% | 16.6% | 17.73% | 29.51% | 22.02% | 177.29% | 16.8% |
| CapEx / D&A | 1.16x | 2.31x | 1.18x | 0.66x | 1.19x | 0.73x | 0.60x | 0.40x | 0.40x | 0.60x | 0.97x | 0.65x | 0.84x | 1.04x | 0.71x | 0.72x | 1.25x | 0.92x | 7.47x | 0.68x |
| CapEx Coverage (OCF/CapEx) | 1.20x | 0.57x | 1.10x | 2.44x | 1.39x | 1.69x | 2.47x | 3.61x | 3.93x | 1.24x | 1.18x | 1.58x | 1.01x | 0.70x | 1.91x | 1.11x | 0.68x | 0.87x | 0.19x | 1.35x |
| Cash from Investing | -600.53M | -1.08B | -435M | -197.24M | 354.79M | -145M | -159.53M | -105M | -150M | -200M | -245.47M | -204M | -289M | -339M | -205.9M | -218.62M | -427M | -248M | -2.23B | -159.32M |
| Acquisitions | -189.97M | -742M | -545M | 7.7M | 573.73M | 65M | 7.56M | 0 | 0 | 39M | 79.45M | 4.02M | 4.05M | 3M | 14.78M | 19.73M | -275M | 18M | -1.92B | 7.61M |
| Purchase of Investments | -26.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -934.76K | 2.25K | -5.04M | 0 | 0 | 0 | 0 | 0 | -67.69M | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | -121.57K | 0 | 0 | 5M | 0 | -4.03M | 985.65K | 0 | 935.9K | -8.85M | 0 | 41M | -2.75M | -2.7M |
| Other Investing | -69.71M | -18M | 296M | 3.24M | 8.54M | 6M | 9.35M | 15M | -29M | 6M | 7.13M | 15M | -13M | 3M | 7.59M | 16.64M | 58M | 3M | 8.43M | 4.74M |
| Cash from Financing | -431.89M | 92M | -157M | 87M | -67.01M | -364M | -374.22M | -316M | -152M | -202M | -126.47M | -81M | -196M | -43M | -80.12M | 56.74M | 222M | -198M | 1.98B | -145.68M |
| Dividends Paid | -334.5M | -125M | -334M | -125M | -125M | -170M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio % | 306.89% | 114.68% | 132.54% | 64.1% | 18.49% | 88.08% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 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 | -699.57M | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -883.39K | -4.59M | -119M | -31.95M | -33M | -5M | -27M | -4.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20.8M | -27.55M |
| Other Financing | -91.47M | -72M | -3M | 883.39K | -59.82M | -44M | -46.55M | 0 | 0 | -42M | -46.21M | 1M | 1M | -41M | -20.04M | 643.47M | 716M | -44M | -43.81M | -27.41M |
| Net Change in Cash | -326M | -385M | -111M | 380M | 747M | -174M | -98M | 11M | 170M | -156M | 20M | 62M | -206M | -138M | 159M | 104M | 81M | -348M | 192M | -84M |
| Exchange Rate Effect | -17.21M | -14M | 4M | -17.86M | -35.69M | -29M | 405.35K | -1M | -4M | -2M | 2.67M | 0 | 1M | 1M | 7.88M | -7.28M | -5M | -171M | 21.31M | -6.35M |
| Cash at Beginning | 1.22B | 1.6B | 1.66B | 1.33B | 582M | 756M | 854M | 792M | 622M | 831M | 811M | 697M | 903M | 1.1B | 937M | 833M | 695M | 1.1B | 906M | 990M |
| Cash at End | 891M | 1.22B | 1.55B | 1.71B | 1.33B | 582M | 756M | 803M | 792M | 675M | 831M | 759M | 697M | 958M | 1.1B | 937M | 776M | 750M | 1.1B | 906M |
| Free Cash Flow | 123.11M | -463M | 42M | 338.6M | 849.7M | 232M | 278.72M | 284M | 299M | 48M | 182.6M | 128M | 2M | 15M | 249.56M | 79.85M | -136M | 73M | -1.81B | 86.21M |
| FCF Growth % | -85.51% | -299.57% | -84.93% | 19.22% | 184.18% | 383.33% | 52.64% | 121.88% | 14850% | 220% | -26.83% | 60.29% | 101.47% | -79.45% | 113.8% | -7.38% | -1006.67% | 186.9% | -1700.41% | 10.08% |
| FCF Margin % | 5.65% | -23.32% | 2.54% | 23.84% | 61.93% | 16.89% | 19.52% | 19.85% | 20.51% | 3.23% | 12.38% | 8.99% | 0.14% | 1.1% | 18.07% | 5.75% | -9.4% | 5.18% | -144.1% | 8.57% |
| FCF / Net Income % | 112.94% | -424.77% | 16.67% | 173.64% | 125.7% | 120.21% | 870.98% | 556.86% | 383.33% | 52.17% | -289.84% | -12800% | -9.09% | 500% | 437.83% | -257.59% | -1511.11% | 317.39% | -281.25% | 1724.25% |