Millicom International Cellular S.A. (TIGO)
NASDAQ: TIGO · Real-Time Price · USD
83.24
+4.12 (5.21%)
Nov 6, 2026, 4:00 PM EST - Market closed
TIGO Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 568 | 1,316 | 253 | -82 | 177 | 590 |
Depreciation & Amortization | 1,860 | 1,280 | 1,234 | 1,338 | 1,343 | 1,113 |
Loss (Gain) From Sale of Assets | 35 | -778 | -23 | -5 | -125 | -682 |
Asset Writedown & Restructuring Costs | 3 | 3 | 12 | 3 | 7 | 6 |
Loss (Gain) From Sale of Investments | - | - | -5 | - | 6 | -18 |
Loss (Gain) on Equity Investments | -69 | -103 | -54 | -39 | -32 | -171 |
Stock-Based Compensation | 5 | 14 | 50 | 52 | 29 | 17 |
Other Operating Activities | 153 | 140 | 237 | 74 | -108 | 98 |
Change in Accounts Receivable | -47 | -210 | -6 | -180 | -118 | -98 |
Change in Inventory | -6 | -17 | - | 11 | 5 | 9 |
Change in Accounts Payable | 9 | 89 | -92 | 47 | -37 | 6 |
Operating Cash Flow | 2,505 | 1,734 | 1,603 | 1,223 | 1,284 | 956 |
Operating Cash Flow Growth | 46.41% | 8.17% | 31.07% | -4.75% | 34.31% | 16.44% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -844 | -650 | -540 | -814 | -800 | -740 |
Sale of Property, Plant & Equipment | 12 | 84 | 58 | 17 | 21 | 11 |
Cash Acquisitions | -1,469 | -545 | - | - | -283 | -2,000 |
Divestitures | 236 | 781 | 5 | - | 152 | 30 |
Sale (Purchase) of Intangibles | -312 | -164 | -229 | -369 | -272 | -135 |
Investment in Securities | -23 | - | - | - | - | 163 |
Other Investing Activities | -35 | 121 | 104 | 54 | 81 | -32 |
Investing Cash Flow | -2,436 | -374 | -604 | -1,116 | -1,104 | -2,703 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 1,199 | 604 | 362 | 1,570 | 3,113 |
Long-Term Debt Repaid | - | -808 | -1,570 | -809 | -2,284 | -1,472 |
Lease Payments | -337 | -209 | -204 | -177 | -157 | -137 |
Net Debt Issued (Repaid) | 45 | 391 | -966 | -447 | -714 | 1,641 |
Issuance of Common Stock | - | - | - | - | 717 | - |
Repurchase of Common Stock | - | -119 | -99 | -5 | - | -50 |
Common Dividends Paid | -921 | -754 | - | - | - | - |
Other Financing Activities | -2 | -3 | -1 | 75 | -4 | 186 |
Financing Cash Flow | -878 | -485 | -1,066 | -377 | -1 | 1,777 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | - | -14 | -8 | 6 | -11 | -10 |
Miscellaneous Cash Flow Adjustments | -6 | -8 | - | - | -24 | - |
Net Cash Flow | -815 | 853 | -75 | -264 | 144 | 20 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 1,661 | 1,084 | 1,063 | 409 | 484 | 216 |
Free Cash Flow Growth | 53.94% | 1.98% | 159.90% | -15.50% | 124.07% | 8.54% |
Free Cash Flow Margin | 20.48% | 18.63% | 18.32% | 7.22% | 8.61% | 5.07% |
Free Cash Flow Per Share | 9.91 | 6.45 | 6.16 | 2.39 | 3.46 | 2.14 |
Levered Free Cash Flow | 1,983 | 1,385 | 1,219 | 402.5 | 135 | 256 |
Unlevered Free Cash Flow | 2,529 | 1,753 | 1,575 | 773.75 | 483.75 | 532.25 |
Free Cash Flow After Leases | 1,324 | 875 | 859 | 232 | 327 | 79 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 832 | 585 | 619 | 620 | 539 | 495 |
Cash Income Tax Paid | 405 | 335 | 239 | 233 | 316 | 127 |
Change in Working Capital | -44 | -138 | -98 | -122 | -150 | -83 |