Airtel Africa PLC
LSE:AAF
Income Statement
Earnings Waterfall
Airtel Africa PLC
Revenue
|
5.2B
USD
|
Cost of Revenue
|
-1.6B
USD
|
Gross Profit
|
3.6B
USD
|
Operating Expenses
|
-1.9B
USD
|
Operating Income
|
1.7B
USD
|
Other Expenses
|
-1.6B
USD
|
Net Income
|
134m
USD
|
Income Statement
Airtel Africa PLC
Sep-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||
Revenue |
2 458
N/A
|
3 439
+40%
|
2 622
-24%
|
2 740
+5%
|
3 774
+38%
|
3 919
+4%
|
4 187
+7%
|
4 381
+5%
|
4 568
+4%
|
4 724
+3%
|
4 866
+3%
|
5 015
+3%
|
5 147
+3%
|
5 268
+2%
|
5 394
+2%
|
5 337
-1%
|
5 224
-2%
|
|
Gross Profit | ||||||||||||||||||
Cost of Revenue |
(575)
|
(1 193)
|
(586)
|
(602)
|
0
|
(1 268)
|
(664)
|
(709)
|
(1 074)
|
(1 448)
|
(1 511)
|
(1 569)
|
(1 640)
|
(1 678)
|
(1 718)
|
(1 662)
|
(1 582)
|
|
Gross Profit |
1 076
N/A
|
2 246
+109%
|
1 119
-50%
|
1 221
+9%
|
0
N/A
|
2 651
N/A
|
1 420
-46%
|
1 569
+10%
|
2 425
+55%
|
3 276
+35%
|
3 355
+2%
|
3 446
+3%
|
3 507
+2%
|
3 590
+2%
|
3 676
+2%
|
3 675
0%
|
3 642
-1%
|
|
Operating Income | ||||||||||||||||||
Operating Expenses |
(1 288)
|
(1 315)
|
(1 368)
|
(1 421)
|
(2 753)
|
(1 525)
|
(2 257)
|
(2 287)
|
(1 997)
|
(1 704)
|
(1 730)
|
(1 753)
|
(1 772)
|
(1 819)
|
(1 871)
|
(1 893)
|
(1 909)
|
|
Selling, General & Administrative |
(194)
|
(683)
|
(211)
|
(228)
|
0
|
(462)
|
(241)
|
(246)
|
(384)
|
(960)
|
(532)
|
(531)
|
(529)
|
(1 001)
|
(657)
|
(673)
|
(679)
|
|
Depreciation & Amortization |
(504)
|
(632)
|
(502)
|
(507)
|
(683)
|
(681)
|
(701)
|
(718)
|
(732)
|
(744)
|
(751)
|
(761)
|
(786)
|
(818)
|
(849)
|
(852)
|
(835)
|
|
Other Operating Expenses |
(590)
|
0
|
(655)
|
(686)
|
(2 070)
|
(382)
|
(1 315)
|
(1 323)
|
(881)
|
0
|
(447)
|
(461)
|
(457)
|
0
|
(365)
|
(368)
|
(395)
|
|
Operating Income |
595
N/A
|
931
+56%
|
668
-28%
|
717
+7%
|
1 021
+42%
|
1 126
+10%
|
1 266
+12%
|
1 385
+9%
|
1 497
+8%
|
1 572
+5%
|
1 625
+3%
|
1 693
+4%
|
1 735
+2%
|
1 771
+2%
|
1 805
+2%
|
1 782
-1%
|
1 733
-3%
|
|
Pre-Tax Income | ||||||||||||||||||
Interest Income Expense |
(229)
|
(342)
|
(305)
|
(339)
|
(467)
|
(397)
|
(421)
|
(401)
|
(395)
|
(384)
|
(474)
|
(609)
|
(648)
|
(671)
|
(1 205)
|
(1 188)
|
(1 393)
|
|
Non-Reccuring Items |
(7)
|
(30)
|
(5)
|
(1)
|
19
|
(7)
|
(5)
|
(6)
|
(28)
|
(37)
|
(17)
|
(18)
|
(28)
|
(14)
|
(11)
|
(12)
|
(1)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
4
|
4
|
9
|
111
|
107
|
107
|
102
|
0
|
0
|
0
|
0
|
|
Total Other Income |
78
|
39
|
(1)
|
1
|
5
|
(25)
|
0
|
0
|
(4)
|
(38)
|
0
|
0
|
0
|
(52)
|
(52)
|
(52)
|
(51)
|
|
Pre-Tax Income |
437
N/A
|
598
+37%
|
357
-40%
|
378
+6%
|
578
+53%
|
697
+21%
|
844
+21%
|
982
+16%
|
1 079
+10%
|
1 224
+13%
|
1 241
+1%
|
1 173
-5%
|
1 161
-1%
|
1 034
-11%
|
537
-48%
|
530
-1%
|
288
-46%
|
|
Net Income | ||||||||||||||||||
Tax Provision |
(121)
|
(190)
|
(127)
|
(156)
|
(241)
|
(282)
|
(345)
|
(378)
|
(410)
|
(469)
|
(470)
|
(443)
|
(418)
|
(284)
|
(116)
|
(123)
|
(59)
|
|
Income from Continuing Operations |
316
|
408
|
230
|
222
|
337
|
415
|
499
|
604
|
669
|
755
|
771
|
730
|
743
|
750
|
421
|
407
|
229
|
|
Income to Minority Interest |
(19)
|
(38)
|
(33)
|
(45)
|
(65)
|
(76)
|
(76)
|
(91)
|
(96)
|
(124)
|
(123)
|
(109)
|
(105)
|
(87)
|
(91)
|
(95)
|
(95)
|
|
Net Income (Common) |
297
N/A
|
370
+25%
|
197
-47%
|
177
-10%
|
274
+55%
|
339
+24%
|
425
+25%
|
515
+21%
|
573
+11%
|
631
+10%
|
669
+6%
|
642
-4%
|
659
+3%
|
663
+1%
|
330
-50%
|
312
-5%
|
134
-57%
|
|
EPS (Diluted) |
0.07
N/A
|
0.1
+43%
|
0.05
-50%
|
0.05
N/A
|
0.07
+40%
|
0.09
+29%
|
0.11
+22%
|
0.14
+27%
|
0.15
+7%
|
0.17
+13%
|
0.17
N/A
|
0.16
-6%
|
0.17
+6%
|
0.18
+6%
|
0.09
-50%
|
0.08
-11%
|
0.04
-50%
|