VEON Ltd. (VEON)
NASDAQ: VEON · Real-Time Price · USD
64.21
-2.05 (-3.09%)
Sep 4, 2026, 4:00 PM EDT - Market closed
VEON Ltd. 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 | Jun '26 Jun 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 | 59 | 532 | 415 | -2,528 | -162 | 674 |
Depreciation & Amortization | 763 | 723 | 665 | 735 | 778 | 799 |
Other Amortization | 79 | 79 | 63 | - | - | - |
Loss (Gain) From Sale of Assets | 75 | -398 | -144 | -40 | -57 | -29 |
Asset Writedown & Restructuring Costs | 10 | 9 | 3 | -6 | -107 | 27 |
Loss (Gain) From Sale of Investments | -23 | -23 | -37 | -27 | -29 | -7 |
Other Operating Activities | 505 | 354 | 72 | 2,778 | 576 | -407 |
Change in Accounts Receivable | -130 | -145 | -81 | -1 | -154 | -141 |
Change in Inventory | -13 | -16 | -9 | -19 | -12 | -4 |
Change in Accounts Payable | 226 | 142 | 130 | 143 | 52 | 63 |
Change in Other Net Operating Assets | 93 | 96 | 73 | 125 | 48 | -14 |
Operating Cash Flow | 1,644 | 1,353 | 1,150 | 2,111 | 2,557 | 2,638 |
Operating Cash Flow Growth | 31.62% | 17.65% | -45.52% | -17.44% | -3.07% | 7.98% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | -769 | -733 | -627 | -531 | -634 | -699 |
Sale of Property, Plant & Equipment | 41 | 10 | 102 | 14 | - | - |
Cash Acquisitions | -250 | -157 | -2 | - | -16 | - |
Divestitures | 281 | 441 | 36 | - | 40 | - |
Sale (Purchase) of Intangibles | -233 | -216 | -280 | -235 | -376 | -159 |
Investment in Securities | -54 | 23 | 92 | -147 | -14 | -48 |
Other Investing Activities | -7 | -45 | -19 | -1,272 | -656 | -274 |
Investing Cash Flow | -1,127 | -791 | -778 | -2,237 | -1,656 | -1,180 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | - | 980 | 964 | 212 | 2,098 | 2,113 |
Long-Term Debt Repaid | - | -1,546 | -1,483 | -1,098 | -1,619 | -1,977 |
Lease Payments | -284 | -250 | -150 | -147 | - | - |
Net Debt Issued (Repaid) | 332 | -566 | -519 | -886 | 479 | 136 |
Repurchase of Common Stock | -99 | -105 | -8 | - | - | - |
Other Financing Activities | 132 | 123 | -24 | -259 | -363 | -880 |
Financing Cash Flow | 365 | -548 | -551 | -1,145 | 116 | -744 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | 23 | 16 | -21 | -80 | -116 | -23 |
Miscellaneous Cash Flow Adjustments | 6 | 14 | -14 | 146 | -33 | -113 |
Net Cash Flow | 911 | 44 | -214 | -1,205 | 868 | 578 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | 875 | 620 | 523 | 1,580 | 1,923 | 1,939 |
Free Cash Flow Growth | 44.39% | 18.55% | -66.90% | -17.84% | -0.83% | 2.43% |
Free Cash Flow Margin | 18.39% | 14.09% | 13.06% | 42.73% | 51.21% | 50.36% |
Free Cash Flow Per Share | 12.33 | 8.64 | 7.22 | 22.49 | 27.30 | 27.20 |
Levered Free Cash Flow | 460.94 | 579.63 | 212.5 | 1,853 | -1,023 | -1,380 |
Unlevered Free Cash Flow | 839.69 | 914 | 521.88 | 2,185 | -658.38 | -1,010 |
Free Cash Flow After Leases | 591 | 370 | 373 | 1,433 | 1,923 | 1,939 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | 413 | 399 | 431 | 489 | 489 | 521 |
Cash Income Tax Paid | 291 | 379 | 266 | 264 | 284 | 274 |
Change in Working Capital | 176 | 77 | 113 | 248 | -66 | -96 |