Millicom International Cellular S.A. (TIGO) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 618M | 477M | 507.18M | 494.91M | 364M | 435.34M | 433M | 476M | 248M | 389.28M | 347M | 278M | 243M | 437.14M | 273.16M | 291M | 269M | 416.57M | 227.35M | 193M |
| Operating CF Margin % | 31.13% | 28.87% | 35.72% | 36.07% | 26.49% | 30.49% | 30.26% | 32.65% | 16.68% | 26.39% | 24.37% | 19.96% | 17.75% | 31.65% | 19.68% | 20.11% | 19.11% | 33.19% | 22.6% | 19.28% |
| Operating CF Growth % | 69.78% | 9.57% | 17.13% | 3.97% | 46.77% | 11.83% | 24.78% | 71.22% | 2.06% | -10.95% | 27.03% | -4.47% | -9.67% | 4.94% | 20.15% | 50.78% | 209.2% | 40.73% | -3.09% | -11.47% |
| Net Income | 109M | 252M | 195M | 676M | 193M | 34M | 123M | 156M | 92M | -63M | 40M | 34M | 3M | 57M | -33M | 129M | 28M | 659M | 24M | -70M |
| Depreciation & Amortization | 467M | 370M | 316M | 297M | 297M | 296M | 300M | 304M | 334M | 342M | 337M | 328M | 331M | 323M | 342M | 342M | 337M | 298M | 248M | 286M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 23M | 10M | 0 | 0 | 15M | 13M | 0 | 0 | 0 | 7M | 0 | 0 | 0 | 7M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -236M | -226M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 65M | -127M | 16.46M | -500.97M | -46M | 76.69M | -41M | -43M | 25M | 86.67M | 173M | 167M | 33M | -8.33M | -19.65M | -149M | 35M | -644.16M | -53.75M | -5M |
| Working Capital Changes | -23M | -18M | -20.28M | 22.88M | -80M | 28.65M | 28M | 49M | -203M | 23.61M | 18M | -38M | -124M | 65.47M | -16.19M | -38M | -131M | 103.73M | 9.1M | -25M |
| Change in Receivables | -69M | -24M | -48.99M | 28.45M | -151M | 34.49M | 39M | 18M | -56M | -51.42M | 10M | -101M | -100M | 14.95M | -22.36M | -23M | -77M | 36.01M | -31.9M | -8M |
| Change in Inventory | -2M | 6M | 8.14M | -19.2M | -13M | 16.17M | 3M | -4M | -15M | 21.01M | 5M | -1M | -14M | 12.39M | 34.36M | -15M | -28M | 28.38M | 5.33M | -15M |
| Change in Payables | 50M | 0 | 30.08M | 21.13M | 90M | -17.97M | 0 | 0 | -85M | 62.86M | -77M | 67M | -6M | 42.29M | -25.59M | 0 | -24M | 42.21M | 36.63M | 0 |
| Cash from Investing | -1.08B | -435M | -197.24M | 354.79M | -145M | -159.53M | -105M | -150M | -200M | -245.47M | -204M | -289M | -339M | -205.9M | -218.62M | -427M | -248M | -2.23B | -159.32M | 10M |
| Capital Expenditures | -1.08B | -435M | -208.19M | 354.79M | -216M | -176.32M | -120M | -121M | -200M | -331.12M | -219M | -276M | -345M | -229.21M | -246.13M | -427M | -310M | -2.23B | -168.96M | -159M |
| CapEx % of Revenue | 54.46% | 26.33% | 14.66% | 25.86% | 15.72% | 12.35% | 8.39% | 8.3% | 13.45% | 22.45% | 15.38% | 19.81% | 25.2% | 16.6% | 17.73% | 29.51% | 22.02% | 177.29% | 16.8% | 15.88% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -18M | 296M | 3.24M | 8.54M | 6M | 9.35M | 15M | -29M | 6M | 7.13M | 15M | -13M | 3M | 7.59M | 16.64M | 58M | 3M | 8.43M | 4.74M | 1M |
| Cash from Financing | 92M | -157M | 87M | -67.01M | -364M | -374.22M | -316M | -152M | -202M | -126.47M | -81M | -196M | -43M | -80.12M | 56.74M | 222M | -198M | 1.98B | -145.68M | 3M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 0 | -883.39K | -4.59M | -119M | -31.95M | -33M | -5M | -27M | -4.97M | 0 | 0 | 0 | 0 | -699.57M | 0 | 0 | -20.8M | -27.55M | 0 |
| Dividends Paid | -125M | -334M | -125M | -125M | -170M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -883.39K | -4.59M | -119M | -31.95M | -33M | -5M | -27M | -4.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20.8M | -27.55M | 0 |
| Other Financing | -72M | -3M | 883.39K | -59.82M | -44M | -46.55M | 0 | 0 | -42M | -46.21M | 1M | 1M | -41M | -20.04M | 643.47M | 716M | -44M | -43.81M | -27.41M | -3M |
| Net Change in Cash | -385M | -111M | 380M | 747M | -174M | -98M | 11M | 170M | -156M | 20M | 62M | -206M | -138M | 159M | 104M | 81M | -348M | 192M | -84M | 201M |
| Free Cash Flow | -463M | 42M | 338.6M | 849.7M | 232M | 278.72M | 284M | 299M | 48M | 182.6M | 128M | 2M | 15M | 249.56M | 79.85M | -136M | 73M | -1.81B | 86.21M | 15M |
| FCF Margin % | -23.32% | 2.54% | 23.84% | 61.93% | 16.89% | 19.52% | 19.85% | 20.51% | 3.23% | 12.38% | 8.99% | 0.14% | 1.1% | 18.07% | 5.75% | -9.4% | 5.18% | -144.1% | 8.57% | 1.5% |
| FCF Growth % | -299.57% | -84.93% | 19.22% | 184.18% | 383.33% | 52.64% | 121.88% | 14850% | 220% | -26.83% | 60.29% | 101.47% | -79.45% | 113.8% | -7.38% | -1006.67% | 186.9% | -1700.41% | 10.08% | -25% |
| FCF per Share | -2.76 | 0.25 | 2.01 | 5.07 | 1.36 | 1.61 | 1.64 | 1.73 | 0.28 | 1.06 | 0.74 | 0.01 | 0.09 | 1.46 | 0.47 | -1.19 | 0.57 | -11.00 | 0.52 | 0.09 |
| FCF Conversion (FCF/Net Income) | 5.67x | 1.89x | 2.60x | 0.73x | 1.89x | 13.60x | 8.49x | 6.10x | 2.70x | -6.18x | -347.00x | -12.64x | 81.00x | 7.67x | -8.81x | 32.33x | 11.70x | 0.65x | 45.47x | -1.93x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 123M | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |