VEON Ltd. (VEON)

VEON Ltd. Income Statement

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

Year Ending	TTM	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Revenue	1,724	3,755	3,850	3,482	8,089	9,086
Revenue Growth (YoY)	-55.98%	-2.47%	10.57%	-56.95%	-10.97%	-4.10%
Cost of Revenue	-135	476	484	454	1,842	2,116
Gross Profit	1,859	3,279	3,366	3,028	6,247	6,970
Selling, General & Admin	995	1,533	1,526	1,403	2,736	3,697
Other Operating Expenses	-393	671	817	802	1,647	2,749
Operating Expenses	602	2,204	2,343	2,205	4,383	6,446
Operating Income	1,257	1,075	1,023	823	1,864	524
Interest Expense / Income	464	583	591	569	876	816
Other Expense / Income	280	585	-586	324	-95	-803
Pretax Income	513	-93	1,018	-70	1,083	511
Income Tax	77	69	344	279	462	369
Net Income	436	-162	674	-349	621	142
Net Income Growth	14.14%	-	-	-	337.32%	-
Shares Outstanding (Basic)	1,749	1,749	1,749	1,757	1,757	1,757
Shares Change	-	-	-0.43%	-	-	-
EPS (Basic)	6.25	-2.25	9.50	-5.00	9.00	8.25
EPS (Diluted)	6.25	-2.25	9.50	-5.00	9.00	8.25
EPS Growth	13.64%	-	-	-	9.09%	-
Free Cash Flow	2,619	1,923	1,939	1,893	1,366	567
Free Cash Flow Per Share	37.43	27.48	27.71	26.94	19.44	8.07
Dividend Per Share	-	-	-	3.750	7.500	7.250
Dividend Growth	-	-	-	-50.00%	3.45%	-4.92%
Gross Margin	107.83%	87.32%	87.43%	86.96%	77.23%	76.71%
Operating Margin	72.91%	28.63%	26.57%	23.64%	23.04%	5.77%
Profit Margin	25.29%	-4.31%	17.51%	-10.02%	7.68%	1.56%
Free Cash Flow Margin	151.91%	51.21%	50.36%	54.37%	16.89%	6.24%
Effective Tax Rate	15.01%	-	33.79%	-	42.66%	72.21%
EBITDA	563	1,161	2,435	1,291	3,912	4,019
EBITDA Margin	32.66%	30.92%	63.25%	37.08%	48.36%	44.23%
Depreciation & Amortization	-414	671	826	792	1,953	2,692
EBIT	977	490	1,609	499	1,959	1,327
EBIT Margin	56.67%	13.05%	41.79%	14.33%	24.22%	14.60%

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).