Millicom International Cellular SA (TIGO) — Free Cash Flow Generation Index
Millicom International Cellular SA (TIGO) has a Free Cash Flow Generation Index of 0.64x as of June 2026. Free cash flow of $464.03 Million represents 1% of operating cash flow ($723.63 Million). Explore TIGO capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Millicom International Cellular SA Free Cash Flow Generation Index (1998–2025)
Historical FCF Generation Index trend for Millicom International Cellular SA across 27 annual periods. For the full cash flow conversion analysis, see TIGO cash generation efficiency.
Annual Free Cash Flow Generation for Millicom International Cellular SA (1998–2025)
Year-by-year Free Cash Flow Generation Index for Millicom International Cellular SA. Check TIGO capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.65x | $1.18 Billion | $1.83 Billion | $650.00 Million | ▼ -4.6% |
| 2024 | 0.68x | $1.13 Billion | $1.67 Billion | $540.00 Million | ▲ +1968.3% |
| 2023 | 0.03x | $40.00 Million | $1.22 Billion | $1.18 Billion | ▼ -80.2% |
| 2022 | 0.17x | $212.00 Million | $1.28 Billion | $1.07 Billion | ▲ +228.8% |
| 2021 | 0.05x | $48.00 Million | $956.00 Million | $908.00 Million | ▲ +1474.1% |
| 2020 | 0.00x | $-3.00 Million | $821.00 Million | $824.00 Million | ▲ +97.2% |
| 2019 | -0.13x | $-106.00 Million | $801.00 Million | $907.00 Million | ▼ -973.4% |
| 2018 | 0.02x | $12.00 Million | $792.00 Million | $780.00 Million | ▼ -66.4% |
| 2017 | 0.05x | $37.00 Million | $820.00 Million | $783.00 Million | ▲ +147.6% |
| 2016 | 0.02x | $16.00 Million | $878.00 Million | $862.00 Million | ▼ -93.3% |
| 2015 | 0.27x | $446.00 Million | $1.65 Billion | $1.21 Billion | ▲ +169.8% |
| 2014 | 0.10x | $146.00 Million | $1.46 Billion | $1.31 Billion | ▲ +142.3% |
| 2013 | 0.04x | $50.00 Million | $1.21 Billion | $1.16 Billion | ▼ -88.8% |
| 2012 | 0.37x | $584.00 Million | $1.58 Billion | $1.00 Billion | ▼ -28.9% |
| 2011 | 0.52x | $834.93 Million | $1.61 Billion | $776.52 Million | ▲ +150.8% |
| 2010 | 0.21x | $162.23 Million | $785.37 Million | $623.14 Million | ▲ +129.7% |
| 2009 | -0.69x | $-316.60 Million | $455.97 Million | $772.57 Million | ▼ -173.9% |
| 2008 | -0.25x | $-284.46 Million | $1.12 Billion | $1.41 Billion | ▼ -225.6% |
| 2007 | 0.20x | $224.29 Million | $1.11 Billion | $887.14 Million | ▲ +236.4% |
| 2006 | -0.15x | $-70.66 Million | $477.46 Million | $548.12 Million | ▼ -172.0% |
| 2005 | 0.21x | $83.64 Million | $407.17 Million | $323.52 Million | ▼ -40.9% |
| 2004 | 0.35x | $105.37 Million | $303.24 Million | $197.87 Million | ▼ -34.6% |
| 2003 | 0.53x | $97.91 Million | $184.36 Million | $86.45 Million | ▼ -46.9% |
| 2002 | 1.00x | $74.67 Million | $74.67 Million | $135.82 Million | ▲ +217.9% |
| 2001 | -0.85x | $-88.21 Million | $103.97 Million | $192.18 Million | ▼ -66.5% |
| 2000 | -0.51x | $-61.70 Million | $121.07 Million | $182.77 Million | ▲ +71.7% |
| 1998 | -1.80x | $-123.30 Million | $68.40 Million | $191.70 Million | — |