MTN Nigeria Communications PLC (NGX: MTNN)

MTNN Balance Sheet

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	192,363	345,074	349,500	260,891	275,198	116,278
Short-Term Investments	14,026	7,051	19,749	51,444	121,803	51,193
Trading Asset Securities	8,080	205	539	6,220	24,980	3,634
Cash & Short-Term Investments	214,469	352,330	369,788	318,555	421,981	171,105
Cash Growth	-16.50%	-4.72%	16.08%	-24.51%	146.62%	44.42%
Accounts Receivable	140,023	87,683	72,234	46,625	36,741	37,030
Other Receivables	96,155	111,425	102,379	39,007	9,407	10,638
Receivables	236,178	199,108	174,613	85,632	46,148	47,668
Inventory	12,126	6,027	3,678	5,310	2,158	909
Prepaid Expenses	40,126	16,306	16,883	41,600	4,618	5,156
Restricted Cash	118,355	402,010	196,082	146,188	47,913	38,050
Other Current Assets	2,752	-	-	-	-	-
Total Current Assets	624,006	975,781	761,044	597,285	522,818	262,888
Property, Plant & Equipment	2,597,361	1,573,937	1,403,836	1,387,925	1,281,902	1,101,452
Long-Term Investments	9,058	6,632	10,585	10,845	25,847	-
Goodwill	10,016	10,016	10,016	10,016	10,016	10,016
Other Intangible Assets	391,581	437,583	325,583	235,542	101,064	110,930
Long-Term Deferred Tax Assets	361,519	151,362	11,018	3,404	-	-
Long-Term Deferred Charges	6,900	7,136	6,602	5,602	7,990	4,852
Other Long-Term Assets	26,310	26,380	10,685	12,340	13,906	12,145
Total Assets	4,026,751	3,188,827	2,539,369	2,262,959	1,963,543	1,502,283
Accounts Payable	501,160	256,742	105,488	96,668	94,858	43,850
Accrued Expenses	613,090	358,997	381,003	322,148	191,508	137,171
Current Portion of Long-Term Debt	196,942	689,352	250,210	152,835	190,599	32,453
Current Portion of Leases	522,333	190,777	68,838	62,531	54,798	33,564
Current Income Taxes Payable	16,456	157,971	199,959	144,163	107,310	65,625
Current Unearned Revenue	113,002	102,796	92,861	72,336	62,301	46,806
Other Current Liabilities	156,121	143,777	74,807	55,187	42,538	35,113
Total Current Liabilities	2,119,104	1,900,412	1,173,166	905,868	743,912	394,582
Long-Term Debt	570,065	487,817	439,463	340,425	330,551	380,089
Long-Term Leases	1,881,854	813,634	591,178	628,325	586,992	458,509
Long-Term Deferred Tax Liabilities	-	1,149	57,573	108,087	113,130	120,587
Other Long-Term Liabilities	19,654	16,956	8,612	8,588	2,311	1,081
Total Liabilities	4,600,310	3,229,671	2,276,827	1,997,978	1,785,157	1,356,426
Common Stock	420	420	407	407	407	407
Additional Paid-In Capital	166,362	166,362	17,216	17,216	17,216	17,216
Retained Earnings	-723,041	-208,018	246,679	246,473	160,524	127,713
Treasury Stock	-4,869	-4,869	-4,869	-	-	-
Comprehensive Income & Other	-12,431	701	1,664	885	239	521
Total Common Equity	-573,559	-45,404	261,097	264,981	178,386	145,857
Minority Interest	-	4,560	1,445	-	-	-
Shareholders' Equity	-573,559	-40,844	262,542	264,981	178,386	145,857
Total Liabilities & Equity	4,026,751	3,188,827	2,539,369	2,262,959	1,963,543	1,502,283
Total Debt	3,171,194	2,181,580	1,349,689	1,184,116	1,162,940	904,615
Net Cash (Debt)	-2,956,725	-1,829,250	-979,901	-865,561	-740,959	-733,510
Net Cash Per Share	-141.02	-87.24	-46.74	-42.52	-36.40	-36.04
Filing Date Shares Outstanding	20,967	20,967	20,326	20,355	20,355	20,355
Total Common Shares Outstanding	20,967	20,967	20,326	20,355	20,355	20,355
Working Capital	-1,495,098	-924,631	-412,122	-308,583	-221,094	-131,694
Book Value Per Share	-27.36	-2.17	12.85	13.02	8.76	7.17
Tangible Book Value	-975,156	-493,003	-74,502	19,423	67,306	24,911
Tangible Book Value Per Share	-46.51	-23.51	-3.67	0.95	3.31	1.22
Land	27,675	27,665	26,692	5,690	5,690	31,644
Buildings	37,323	33,697	32,489	28,876	28,877	-
Machinery	107,540	98,208	80,905	76,913	51,631	50,893
Construction In Progress	155,539	193,923	138,678	143,968	52,358	36,857
Leasehold Improvements	26,049	25,753	24,432	23,624	24,085	21,841

Source: S&P Capital IQ. Standard template. Financial Sources.