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Millicom International Cellular (TIGO) Financials

Millicom International Cellular logo
$80.73 +1.46 (+1.84%)
Closing price 05/18/2026 04:00 PM Eastern
Extended Trading
$79.25 -1.48 (-1.83%)
As of 05:58 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Millicom International Cellular

Annual Income Statements for Millicom International Cellular

This table shows Millicom International Cellular's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -148 686 -42 - -366 522 222 -328 522 2,721
Consolidated Net Income / (Loss)		 -90 69 -26 154 -385 542 129 -245 268 1,362
Net Income / (Loss) Continuing Operations		 1,557 643 1,623 - -325 570 270 -332 525 1,362
Total Pre-Tax Income 		1,736 805 1,735 - -325 570 270 -332 525 3,024
Total Operating Income		 2,001 1,125 2,102 - -401 -244 660 -435 544 2,279
Total Gross Profit		 2,868 2,767 2,829 3,135 2,745 1,518 2,006 2,029 2,722 3,491
Total Revenue		 4,043 4,568 3,946 - 3,805 4,261 5,402 5,579 6,057 6,560
Operating Revenue		 4,043 4,568 3,946 - 3,805 4,261 5,402 5,579 6,057 6,560
Total Cost of Revenue		 1,175 2,700 1,117 - 2,443 2,743 3,396 3,550 3,335 3,069
Operating Cost of Revenue		 1,175 2,700 1,117 - 2,443 2,743 3,396 3,550 3,335 3,069
Total Operating Expenses		 867 743 727 - 1,763 1,762 1,346 2,464 2,178 1,212
Depreciation Expense		 678 670 662 - 810 804 999 978 916 961
Amortization Expense		 175 142 140 - 309 310 345 360 319 319
Other Operating Expenses / (Income)		 14 -69 -75 - 644 648 2.00 1,126 943 -68
Total Other Income / (Expense), net		 -265 -320 -367 - 76 814 -390 103 -19 745
Interest Expense		 372 389 367 - - - 617 - - 702
Interest & Investment Income		 21 16 21 - 13 23 18 28 46 28
Other Income / (Expense), net		 86 53 -21 - 63 791 209 75 -65 1,419
Income Tax Expense		 179 162 112 - - - - - - 303
Net Income / (Loss) Discontinued Operations		 -20 60 -33 - - - - 4.00 -3.00 0.00
Weighted Average Basic Shares Outstanding		 - - 101.74M 101.74M 101.74M 101.74M 172.10M 172.10M 172.10M 169M
Diluted Earnings per Share		 - - - - - - $1.27 - - $7.83
Weighted Average Diluted Shares Outstanding		 - - 101.74M 101.74M 101.74M 101.74M 172.10M 172.10M 172.10M 169M
Weighted Average Basic & Diluted Shares Outstanding		 - - 101.74M 101.74M 101.74M 101.74M 172.10M 172.10M 172.10M 169M

Quarterly Income Statements for Millicom International Cellular

No quarterly income statements for Millicom International Cellular are available.

Annual Cash Flow Statements for Millicom International Cellular

This table details how cash moves in and out of Millicom International Cellular's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -123 -8.00 -12 617 220 110 -748 -193 -441 152
Net Cash From Operating Activities		 1,287 561 1,054 1,389 1,137 1,161 870 988 936 748
Net Cash From Continuing Operating Activities		 1,287 561 1,054 1,992 1,137 1,161 870 988 936 748
Net Income / (Loss) Continuing Operations		 0.00 0.00 0.00 574 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation Expense		 932 879 830 1,111 1,208 1,196 1,364 1,338 1,234 1,280
Non-Cash Adjustments To Reconcile Net Income		 954 875 224 575 66 184 -23 16 39 -76
Changes in Operating Assets and Liabilities, net		 123 55 - -268 -137 -219 -471 -366 -337 -456
Net Cash From Investing Activities		 -713 -493 -777 -1,707 -593 -2,699 -910 -797 -477 -330
Net Cash From Continuing Investing Activities		 -713 -493 -777 -1,504 -593 -2,699 -910 -797 -477 -330
Purchase of Property, Plant & Equipment		 - - - -736 -622 -740 -800 -814 -540 -650
Acquisitions		 0.00 - -777 -1,014 10 -2,000 -283 0.00 0.00 -545
Sale of Property, Plant & Equipment		 725 829 - 24 9.00 11 21 17 58 84
Divestitures		 - 22 - 111 10 30 152 0.00 5.00 781
Net Cash From Financing Activities		 -373 -464 -289 943 -324 1,648 -708 -384 -900 -266
Net Cash From Continuing Financing Activities		 -373 -464 -289 1,368 -324 1,648 -708 -384 -900 -266
Repayment of Debt		 - - -530 -1,264 -1,860 -1,472 -2,284 -809 -1,570 -808
Payment of Dividends		 265 265 241 -268 66 7.00 6.00 63 66 -657
Issuance of Debt		 1,534 2,191 - 2,900 1,470 3,113 1,570 362 604 1,199
Cash Interest Paid		 357 84 229 - 151 140 128 115 120 176
Cash Interest Received		 19 16 20 - 11 4.00 8.00 31 43 27

Quarterly Cash Flow Statements for Millicom International Cellular

No quarterly cash flow statements for Millicom International Cellular are available.

Annual Balance Sheets for Millicom International Cellular

This table presents Millicom International Cellular's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 9,464 10,313 12,895 12,422 15,141 14,198 14,516 13,737 17,253
Total Current Assets		 1,585 1,525 2,657 1,681 2,016 1,872 1,748 1,299 2,381
Cash & Equivalents		 619 528 1,164 875 895 1,039 775 699 1,552
Restricted Cash		 145 158 155 - 203 57 56 57 50
Accounts Receivable		 386 343 400 557 447 394 455 390 527
Inventories, net		 45 39 59 37 63 53 45 44 70
Current Deferred & Refundable Income Taxes		 99 108 119 - 104 111 118 109 182
Plant, Property, & Equipment, net		 2,880 3,071 2,899 2,755 3,382 2,989 3,107 2,847 3,226
Total Noncurrent Assets		 4,998 5,754 7,339 1,174 9,552 9,221 9,576 9,221 10,122
Intangible Assets		 1,265 2,346 3,195 - 7,558 7,361 7,785 6,908 7,798
Noncurrent Deferred & Refundable Income Taxes		 180 202 200 197 180 204 141 153 167
Other Noncurrent Operating Assets		 346 170 1,122 977 1,196 1,066 1,074 2,160 2,157
Total Liabilities & Shareholders' Equity		 9,464 10,313 12,895 12,422 15,141 14,198 14,516 17,039 19,419
Total Liabilities		 6,183 7,521 10,215 10,148 12,401 10,565 11,071 10,163 13,633
Total Current Liabilities		 1,547 1,626 1,806 1,106 3,578 1,575 1,929 956 2,091
Accounts Payable		 - 282 450 311 421 458 452 300 491
Dividends Payable		 - - - - - - 0.00 172 424
Other Current Liabilities		 769 579 663 724 816 556 719 484 1,176
Total Noncurrent Liabilities		 4,070 4,949 7,735 7,012 7,769 7,973 7,944 11,187 12,418
Long-Term Debt		 3,600 4,123 5,786 5,578 5,904 6,624 6,476 5,815 6,885
Noncurrent Deferred Revenue		 - - - - - - - -16 -36
Noncurrent Deferred & Payable Income Tax Liabilities		 56 236 285 209 214 148 140 271 291
Other Noncurrent Operating Liabilities		 335 590 676 328 655 348 474 4,408 5,278
Other Noncurrent Nonoperating Liabilities		 79 0.00 - - - - - 709 0.00
Total Equity & Noncontrolling Interests		 713 706 1,898 2,274 131 766 742 4,896 4,910
Total Preferred & Common Equity		 59 16 1,627 -562 -26 737 826 4,950 4,930
Total Common Equity		 59 16 1,627 -562 -26 737 826 4,950 4,930
Common Stock		 637 635 - - 628 1,343 1,334 1,322 1,290
Other Equity Adjustments		 -472 -538 -544 -562 -594 -559 -500 3,628 3,640
Noncontrolling Interest		 654 690 271 215 157 29 -84 -54 -20

Quarterly Balance Sheets for Millicom International Cellular

No quarterly balance sheets for Millicom International Cellular are available.

Annual Metrics And Ratios for Millicom International Cellular

This table displays calculated financial ratios and metrics derived from Millicom International Cellular's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - 169,000,000.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 169,000,000.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 16.10
Growth Metrics		 - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 1,795 899 1,966 0.00 -281 -244 43 -2,826 291 2,051
Return On Investment Capital (ROIC_SIMPLE)		 - 19.98% 37.19% 0.00% -3.21% -2.75% 0.51% -34.07% 3.98% 17.39%
Earnings before Interest and Taxes (EBIT)		 2,087 1,178 2,081 0.00 -338 547 174 776 226 3,698
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3,019 2,057 2,911 1,111 870 1,743 1,538 2,114 1,460 4,978
Valuation Ratios		 - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -2,657 1,088 -1,800 2,892 -7,810 165 -3,109 1,457 2,288
Efficiency Ratios		 - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 0.00 3,556 4,434 6,234 3,061 10,627 10,505 10,788 9,536 6,927
Increase / (Decrease) in Invested Capital		 0.00 3,556 878 1,800 -3,173 7,566 -122 283 -1,166 -237
Book Value per Share		 $0.00 $0.00 $0.16 $15.99 ($5.52) ($0.26) $7.24 $4.80 $4.35 $28.65
Tangible Book Value per Share		 $0.00 $0.00 ($22.90) ($15.41) ($5.52) ($74.54) ($65.11) ($40.44) ($35.79) ($16.67)
Total Capital		 0.00 4,498 5,287 8,858 8,749 8,871 8,423 8,293 7,307 11,795
Total Debt		 0.00 3,785 4,581 6,960 6,475 8,740 7,657 7,551 6,613 6,885
Total Long-Term Debt		 0.00 3,600 4,123 6,774 6,475 6,900 7,477 7,330 6,331 6,885
Net Debt		 0.00 -186 859 2,448 5,600 7,024 5,971 6,144 5,296 5,283
Capital Expenditures (CapEx)		 -725 -829 0.00 712 613 729 779 797 482 566
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -541 -329 -653 -300 -820 -619 -705 -984 -1,312
Debt-free Net Working Capital (DFNWC)		 0.00 223 357 1,037 575 278 477 126 -228 290
Net Working Capital (NWC)		 0.00 38 -101 851 575 -1,562 297 -95 -510 290
Net Nonoperating Expense (NNE)		 1,885 830 1,992 -154 104 -786 -86 -2,581 23 689
Net Nonoperating Obligations (NNO)		 0.00 2,843 3,728 4,336 787 10,496 9,739 10,046 8,842 2,017
Total Depreciation and Amortization (D&A)		 932 879 830 1,111 1,208 1,196 1,364 1,338 1,234 1,280
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.32) $0.86 ($0.10) $1.48 $0.00 $0.00 $0.00 ($0.48) $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 101.74M 101.74M 101.74M 0.00 172.10M 172.10M 172.10M 169M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ($0.48) $0.00 $7.83
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 101.74M 101.74M 101.74M 0.00 172.10M 172.10M 172.10M 169M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 101.74M 101.74M 101.74M 0.00 172.10M 172.10M 172.10M 169M
Normalized Net Operating Profit after Tax (NOPAT)		 1,795 899 1,966 0.00 -281 -171 30 548 204 2,051
Debt Service Ratios		 - - - - - - - - - -
Payout Ratios		 - - - - - - - - - -

Quarterly Metrics And Ratios for Millicom International Cellular

No quarterly metrics and ratios for Millicom International Cellular are available.


Financials Breakdown Chart

Millicom International Cellular Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Millicom International Cellular's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Millicom International Cellular's net income appears to be on an upward trend, with a most recent value of $1.36 billion in 2025, falling from -$90 million in 2016. The previous period was $268 million in 2024. View Millicom International Cellular's forecast to see where analysts expect Millicom International Cellular to go next.

Millicom International Cellular's total operating income in 2025 was $2.28 billion, based on the following breakdown:
  • Total Gross Profit: $3.49 billion
  • Total Operating Expenses: $1.21 billion

Over the last 9 years, Millicom International Cellular's total revenue changed from $4.04 billion in 2016 to $6.56 billion in 2025, a change of 62.3%.

Millicom International Cellular's total liabilities were at $13.63 billion at the end of 2025, a 34.1% increase from 2024, and a 120.5% increase since 2017.

In the past 8 years, Millicom International Cellular's cash and equivalents has ranged from $528 million in 2018 to $1.55 billion in 2025, and is currently $1.55 billion as of their latest financial filing in 2025.

Over the last 9 years, Millicom International Cellular's book value per share changed from 0.00 in 2016 to 28.65 in 2025, a change of 2,864.7%.


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Financial statements for NASDAQ:TIGO last updated on 3/29/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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