Millicom International Cellular S.A. (TIGO)

TIGO Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	5,779	5,661	5,624	4,261	3,805	4,336
Revenue Growth (YoY)	3.47%	0.66%	31.99%	11.98%	-12.25%	9.88%
Cost of Revenue	1,517	1,507	1,506	1,197	1,060	1,201
Gross Profit	4,262	4,154	4,118	3,064	2,745	3,135
Selling, General & Admin	2,026	2,043	1,890	1,546	1,383	1,604
Other Operating Expenses	1,320	1,328	1,346	1,109	1,131	1,134
Operating Expenses	3,346	3,371	3,236	2,655	2,514	2,738
Operating Income	916	783	882	409	231	397
Interest Expense / Income	725	712	617	495	560	564
Other Expense / Income	-264	-271	-134	-834	-16	-441
Pretax Income	455	342	399	748	-313	274
Income Tax	435	424	222	158	72	120
Net Income	20	-82	177	590	-385	154
Net Income Growth	-85.07%	-	-70.00%	-	-	-
Shares Outstanding (Basic)	172	172	172	102	102	102
Shares Change	-	0.00%	69.15%	-	-	-
EPS (Basic)	0.04	-0.48	1.27	4.59	-2.68	1.48
EPS (Diluted)	0.03	-0.48	1.27	4.57	-2.67	1.48
EPS Growth	-97.71%	-	-72.21%	-	-	-
Free Cash Flow	227	57	233	92	6	89
Free Cash Flow Per Share	1.32	0.33	1.35	0.90	0.06	0.88
Dividend Per Share	-	-	-	-	-	2.640
Gross Margin	73.75%	73.38%	73.22%	71.91%	72.14%	72.30%
Operating Margin	15.85%	13.83%	15.68%	9.60%	6.07%	9.16%
Profit Margin	0.35%	-1.45%	3.15%	13.85%	-10.12%	3.55%
Free Cash Flow Margin	3.93%	1.01%	4.14%	2.16%	0.16%	2.05%
Effective Tax Rate	95.60%	123.98%	55.64%	21.12%	-	43.80%
EBITDA	2,521	2,392	2,380	2,439	1,455	1,949
EBITDA Margin	43.62%	42.25%	42.32%	57.24%	38.24%	44.95%
Depreciation & Amortization	1,341	1,338	1,364	1,196	1,208	1,111
EBIT	1,180	1,054	1,016	1,243	247	838
EBIT Margin	20.42%	18.62%	18.07%	29.17%	6.49%	19.33%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).