IHS Holding Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	466.08	-1,632	-1,977	-459.01	-25.83	-321.99
Depreciation & Amortization	362.74	358.54	432.75	467.28	383.61	405.11
Other Amortization	8.73	14.13	12.37	11.26	12.24	10.66
Loss (Gain) From Sale of Assets	-63.38	-63.68	-3.81	3.38	-2.5	-0.76
Asset Writedown & Restructuring Costs	26.75	105.55	87.7	159.75	51.11	27.59
Stock-Based Compensation	38.04	27.94	13.37	13.27	11.78	8.34
Provision & Write-off of Bad Debts	15.68	-0.03	7.2	-4.45	-34.03	13.08
Other Operating Activities	111.34	2,078	2,505	762.06	423.64	651
Change in Accounts Receivable	28.51	-200.59	-295.26	-141.72	-164.38	-130.27
Change in Inventory	-19.67	-14.97	11.25	-37.75	6.69	-8.48
Change in Accounts Payable	58.59	56.89	59.03	133.23	87.87	-19.02
Operating Cash Flow	1,034	729.31	853.45	907.3	750.19	635.26
Operating Cash Flow Growth	89.84%	-14.55%	-5.93%	20.94%	18.09%	-1.04%
Capital Expenditures	-251.13	-265.03	-575.96	-543.68	-397.42	-226.74
Sale of Property, Plant & Equipment	11.71	26.71	2.92	1.83	4.74	2.23
Cash Acquisitions	-	-	-4.49	-735.74	-401.04	-542.91
Divestitures	114.86	118.96	-	-	-	-
Sale (Purchase) of Intangibles	-0.78	-3.98	-22.81	-15.7	-5.05	-2.46
Investment in Securities	13.29	167.79	-147.24	-241.27	-103.65	-
Other Investing Activities	37.93	18.73	25.33	17.27	24.47	11.37
Investing Cash Flow	-74.12	63.18	-722.25	-1,517	-877.95	-758.51
Long-Term Debt Issued	-	2,208	986.6	1,263	1,076	232.22
Long-Term Debt Repaid	-	-2,205	-762.79	-583.13	-716.83	-139.06
Net Debt Issued (Repaid)	-304.97	3.84	223.81	680.14	359.24	93.16
Issuance of Common Stock	-	-	-	-	378	-
Repurchase of Common Stock	-	-	-10.04	-	-	-
Other Financing Activities	-388.03	-434.83	-376.07	-281.9	-212.97	-221.3
Financing Cash Flow	-693	-431	-162.3	398.24	524.27	-128.14
Foreign Exchange Rate Adjustments	-12.56	-77.36	-189.16	-190.67	-65.43	-61.99
Net Cash Flow	253.93	284.13	-220.26	-402.41	331.07	-313.39
Free Cash Flow	782.47	464.27	277.49	363.63	352.77	408.52
Free Cash Flow Growth	211.02%	67.31%	-23.69%	3.08%	-13.65%	5.03%
Free Cash Flow Margin	44.31%	27.13%	13.05%	18.54%	22.33%	29.12%
Free Cash Flow Per Share	2.31	1.39	0.83	1.10	1.17	1.39
Cash Interest Paid	357.03	393.03	357.47	270.75	201.21	187.18
Cash Income Tax Paid	42.23	38.63	45.41	51.25	29.15	14.54
Levered Free Cash Flow	278.64	296.76	-29.64	-17.55	138.66	233.63
Unlevered Free Cash Flow	536.05	573.99	243.76	182.85	271.23	362.01
Change in Working Capital	67.43	-158.67	-224.98	-46.24	-69.83	-157.77

Updated Nov 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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