Millicom International Cellular SA
NASDAQ:TIGO
Income Statement
Earnings Waterfall
Millicom International Cellular SA
Revenue
|
5.7B
USD
|
Cost of Revenue
|
-1.5B
USD
|
Gross Profit
|
4.2B
USD
|
Operating Expenses
|
-3.4B
USD
|
Operating Income
|
784m
USD
|
Other Expenses
|
-866m
USD
|
Net Income
|
-82m
USD
|
Income Statement
Millicom International Cellular SA
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-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 |
4 765
N/A
|
5 101
+7%
|
5 481
+7%
|
5 866
+7%
|
6 386
+9%
|
6 652
+4%
|
6 870
+3%
|
6 796
-1%
|
6 572
-3%
|
5 929
-10%
|
5 260
-11%
|
4 690
-11%
|
4 043
-14%
|
4 013
-1%
|
4 017
+0%
|
4 009
0%
|
4 076
+2%
|
4 055
-1%
|
4 054
0%
|
4 022
-1%
|
3 946
-2%
|
4 005
+1%
|
4 059
+1%
|
4 166
+3%
|
4 336
+4%
|
4 389
+1%
|
4 305
-2%
|
4 234
-2%
|
4 171
-1%
|
4 083
-2%
|
4 114
+1%
|
4 094
0%
|
4 261
+4%
|
4 670
+10%
|
5 116
+10%
|
5 498
+7%
|
5 624
+2%
|
5 585
-1%
|
5 531
-1%
|
5 567
+1%
|
5 661
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 867)
|
(1 977)
|
(1 748)
|
(1 688)
|
(1 995)
|
(1 623)
|
(1 887)
|
(1 859)
|
(2 128)
|
(1 642)
|
(1 477)
|
(1 354)
|
(1 393)
|
(1 166)
|
(1 175)
|
(1 177)
|
(1 357)
|
(1 186)
|
(1 181)
|
(1 162)
|
(1 298)
|
(1 140)
|
(1 147)
|
(1 168)
|
(1 405)
|
(1 215)
|
(1 213)
|
(1 197)
|
(1 345)
|
(1 144)
|
(1 133)
|
(1 135)
|
(1 361)
|
(1 289)
|
(1 399)
|
(1 480)
|
(1 757)
|
(1 508)
|
(1 493)
|
(1 487)
|
(1 507)
|
|
Gross Profit |
2 898
N/A
|
3 124
+8%
|
3 733
+19%
|
4 178
+12%
|
4 391
+5%
|
5 029
+15%
|
4 983
-1%
|
4 937
-1%
|
4 444
-10%
|
4 287
-4%
|
3 783
-12%
|
3 336
-12%
|
2 650
-21%
|
2 847
+7%
|
2 842
0%
|
2 832
0%
|
2 719
-4%
|
2 869
+6%
|
2 873
+0%
|
2 860
0%
|
2 648
-7%
|
2 865
+8%
|
2 912
+2%
|
2 998
+3%
|
2 931
-2%
|
3 174
+8%
|
3 092
-3%
|
3 037
-2%
|
2 826
-7%
|
2 939
+4%
|
2 981
+1%
|
2 959
-1%
|
2 900
-2%
|
3 381
+17%
|
3 717
+10%
|
4 018
+8%
|
3 867
-4%
|
4 077
+5%
|
4 038
-1%
|
4 080
+1%
|
4 154
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 206)
|
(2 363)
|
(2 897)
|
(3 298)
|
(3 467)
|
(4 107)
|
(4 051)
|
(4 003)
|
(3 547)
|
(3 961)
|
(3 606)
|
(2 903)
|
(2 261)
|
(2 487)
|
(2 458)
|
(2 426)
|
(2 255)
|
(2 364)
|
(2 319)
|
(2 269)
|
(2 224)
|
(2 377)
|
(2 501)
|
(2 620)
|
(2 500)
|
(2 808)
|
(2 731)
|
(2 733)
|
(2 576)
|
(2 710)
|
(2 739)
|
(2 659)
|
(2 486)
|
(2 772)
|
(2 945)
|
(3 188)
|
(2 980)
|
(3 242)
|
(3 251)
|
(3 285)
|
(3 370)
|
|
Selling, General & Administrative |
(2 044)
|
(2 202)
|
0
|
0
|
(1 716)
|
0
|
0
|
0
|
(1 627)
|
0
|
0
|
0
|
(1 052)
|
0
|
0
|
0
|
(1 069)
|
0
|
0
|
0
|
(1 043)
|
0
|
0
|
0
|
(899)
|
0
|
0
|
0
|
(874)
|
0
|
0
|
0
|
(924)
|
0
|
0
|
0
|
(1 064)
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
0
|
0
|
0
|
(308)
|
(1 158)
|
(985)
|
(1 312)
|
(1 317)
|
(1 281)
|
(1 160)
|
(1 053)
|
(961)
|
(853)
|
(852)
|
(845)
|
(835)
|
(841)
|
(831)
|
(821)
|
(806)
|
(802)
|
(859)
|
(927)
|
(1 001)
|
(1 100)
|
(1 140)
|
(1 173)
|
(1 208)
|
(1 208)
|
(1 216)
|
(1 177)
|
(1 120)
|
(1 123)
|
(1 148)
|
(1 225)
|
(1 319)
|
(1 346)
|
(1 338)
|
(1 324)
|
(1 319)
|
(1 338)
|
|
Other Operating Expenses |
(162)
|
(161)
|
(2 897)
|
(2 990)
|
(593)
|
(3 122)
|
(2 739)
|
(2 686)
|
(639)
|
(2 801)
|
(2 553)
|
(1 942)
|
(356)
|
(1 635)
|
(1 613)
|
(1 591)
|
(345)
|
(1 533)
|
(1 498)
|
(1 463)
|
(379)
|
(1 518)
|
(1 574)
|
(1 619)
|
(501)
|
(1 668)
|
(1 558)
|
(1 525)
|
(494)
|
(1 494)
|
(1 562)
|
(1 539)
|
(439)
|
(1 624)
|
(1 720)
|
(1 869)
|
(570)
|
(1 904)
|
(1 927)
|
(1 966)
|
(2 032)
|
|
Operating Income |
692
N/A
|
761
+10%
|
836
+10%
|
879
+5%
|
924
+5%
|
923
0%
|
933
+1%
|
934
+0%
|
897
-4%
|
326
-64%
|
177
-46%
|
433
+145%
|
389
-10%
|
360
-7%
|
384
+7%
|
406
+6%
|
464
+14%
|
505
+9%
|
554
+10%
|
591
+7%
|
424
-28%
|
488
+15%
|
411
-16%
|
378
-8%
|
431
+14%
|
366
-15%
|
361
-1%
|
304
-16%
|
250
-18%
|
229
-8%
|
242
+6%
|
300
+24%
|
414
+38%
|
609
+47%
|
772
+27%
|
830
+8%
|
887
+7%
|
835
-6%
|
787
-6%
|
795
+1%
|
784
-1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(136)
|
1 918
|
(328)
|
(251)
|
2 100
|
(2 538)
|
(454)
|
(619)
|
(521)
|
(366)
|
(162)
|
(52)
|
(196)
|
(203)
|
(305)
|
(290)
|
(245)
|
(228)
|
(240)
|
(282)
|
(328)
|
(360)
|
(317)
|
(460)
|
(163)
|
(316)
|
(340)
|
(238)
|
(443)
|
(214)
|
(261)
|
(228)
|
353
|
226
|
212
|
132
|
(587)
|
(584)
|
(567)
|
(535)
|
(494)
|
|
Non-Reccuring Items |
11
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(445)
|
0
|
0
|
(392)
|
(39)
|
0
|
(32)
|
(59)
|
(2)
|
(43)
|
(28)
|
(4)
|
58
|
(11)
|
(14)
|
(10)
|
(13)
|
(3)
|
0
|
0
|
(15)
|
(20)
|
(20)
|
(20)
|
5
|
0
|
0
|
0
|
(4)
|
0
|
(1)
|
(1)
|
(1)
|
|
Total Other Income |
(155)
|
(146)
|
2 213
|
2 319
|
12
|
2 353
|
(8)
|
(9)
|
(14)
|
(13)
|
(28)
|
(35)
|
(45)
|
(49)
|
(35)
|
(47)
|
(41)
|
(39)
|
(46)
|
(39)
|
(35)
|
(37)
|
(34)
|
(28)
|
(37)
|
(39)
|
(63)
|
(67)
|
(63)
|
(70)
|
(51)
|
(54)
|
(44)
|
(38)
|
(48)
|
(57)
|
(58)
|
(73)
|
(79)
|
(87)
|
(114)
|
|
Pre-Tax Income |
412
N/A
|
2 533
+515%
|
2 721
+7%
|
2 947
+8%
|
3 036
+3%
|
738
-76%
|
471
-36%
|
307
-35%
|
(83)
N/A
|
(53)
+36%
|
(13)
+75%
|
(46)
-254%
|
109
N/A
|
108
-1%
|
12
-89%
|
10
-17%
|
176
+1 660%
|
195
+11%
|
240
+23%
|
266
+11%
|
119
-55%
|
80
-33%
|
46
-43%
|
(120)
N/A
|
218
N/A
|
8
-96%
|
(42)
N/A
|
(1)
+98%
|
(271)
-27 000%
|
(75)
+72%
|
(90)
-20%
|
(2)
+98%
|
728
N/A
|
797
+9%
|
936
+17%
|
905
-3%
|
238
-74%
|
178
-25%
|
140
-21%
|
172
+23%
|
175
+2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(162)
|
(175)
|
(189)
|
(165)
|
(256)
|
(224)
|
(249)
|
(257)
|
(278)
|
(274)
|
(233)
|
(222)
|
(179)
|
(187)
|
(177)
|
(193)
|
(158)
|
(148)
|
(143)
|
(100)
|
(112)
|
(98)
|
(87)
|
(135)
|
(120)
|
(86)
|
(127)
|
(78)
|
(102)
|
(138)
|
(106)
|
(119)
|
(158)
|
(206)
|
(251)
|
(292)
|
(222)
|
(212)
|
(215)
|
(223)
|
(424)
|
|
Income from Continuing Operations |
250
|
2 358
|
2 532
|
2 782
|
2 780
|
514
|
222
|
50
|
(361)
|
(327)
|
(246)
|
(268)
|
(70)
|
(79)
|
(165)
|
(183)
|
18
|
47
|
97
|
166
|
7
|
(18)
|
(41)
|
(255)
|
98
|
(78)
|
(169)
|
(79)
|
(373)
|
(213)
|
(196)
|
(121)
|
570
|
591
|
685
|
613
|
16
|
(34)
|
(75)
|
(51)
|
(249)
|
|
Income to Minority Interest |
24
|
(14)
|
(83)
|
(132)
|
(158)
|
(150)
|
(129)
|
(90)
|
(115)
|
(85)
|
(45)
|
(37)
|
58
|
56
|
73
|
86
|
17
|
12
|
(3)
|
(14)
|
16
|
11
|
13
|
31
|
(5)
|
33
|
29
|
22
|
41
|
33
|
37
|
29
|
48
|
28
|
38
|
53
|
48
|
72
|
80
|
84
|
163
|
|
Net Income (Common) |
229
N/A
|
2 328
+917%
|
2 448
+5%
|
2 650
+8%
|
2 643
0%
|
353
-87%
|
68
-81%
|
(85)
N/A
|
(559)
-561%
|
(475)
+15%
|
(334)
+30%
|
(328)
+2%
|
(32)
+90%
|
(47)
-47%
|
(116)
-147%
|
(113)
+3%
|
86
N/A
|
80
-7%
|
106
+33%
|
153
+44%
|
(10)
N/A
|
(13)
-30%
|
34
N/A
|
(164)
N/A
|
149
N/A
|
13
-91%
|
(148)
N/A
|
(69)
+53%
|
(344)
-399%
|
(180)
+48%
|
(165)
+8%
|
(109)
+34%
|
590
N/A
|
571
-3%
|
800
+40%
|
763
-5%
|
177
-77%
|
157
-11%
|
6
-96%
|
38
+533%
|
(82)
N/A
|