Millicom International Cellular SA (TIGO) — Free Cash Flow Generation Index
Millicom International Cellular SA (TIGO) has a Free Cash Flow Generation Index of 0.61x as of December 2025. Free cash flow of $291.00 Million represents 1% of operating cash flow ($477.00 Million). See working capital to net assets of Millicom International Cellular SA to evaluate short-term liquidity relative to the company's equity base.
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. Explore Millicom International Cellular SA debt service capacity to assess how comfortably operating cash covers total debt obligations.
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. For the full company profile including market capitalisation, see Millicom International Cellular SA market capitalisation.
| 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 | — |