VEON Ltd (VEON) — Free Cash Flow Generation Index
Latest as of September 2025:
1.00x
VEON Ltd (VEON) has a Free Cash Flow Generation Index of 1.00x as of September 2025. Free cash flow of $323.00 Million represents 1% of operating cash flow ($323.00 Million). See VEON Ltd current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
1.00x
Free Cash Flow / Operating CF
Free Cash Flow
$323.00 Million
USD
Operating Cash Flow
$323.00 Million
USD
Capital Expenditures
$0.00
USD
VEON Ltd Free Cash Flow Generation Index (2000–2024)
Historical FCF Generation Index trend for VEON Ltd across 25 annual periods. Explore VEON cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for VEON Ltd (2000–2024)
Year-by-year Free Cash Flow Generation Index for VEON Ltd. For the full company profile including market capitalisation, see VEON Ltd market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.45x | $523.00 Million | $1.15 Billion | $627.00 Million | ▼ -39.5% |
| 2023 | 0.75x | $1.92 Billion | $2.56 Billion | $634.00 Million | ▲ +0.0% |
| 2022 | 0.75x | $1.92 Billion | $2.56 Billion | $634.00 Million | ▲ +2.3% |
| 2021 | 0.74x | $1.94 Billion | $2.64 Billion | $699.00 Million | ▲ +170.0% |
| 2020 | 0.27x | $665.00 Million | $2.44 Billion | $1.78 Billion | ▼ -36.6% |
| 2019 | 0.43x | $1.27 Billion | $2.95 Billion | $1.68 Billion | ▲ +90.4% |
| 2018 | 0.23x | $568.50 Million | $2.52 Billion | $1.95 Billion | ▲ +27.4% |
| 2017 | 0.18x | $439.43 Million | $2.48 Billion | $2.04 Billion | ▲ +48.1% |
| 2016 | 0.12x | $227.36 Million | $1.90 Billion | $1.68 Billion | ▲ +239.6% |
| 2015 | -0.09x | $-173.32 Million | $2.03 Billion | $2.20 Billion | ▼ -157.2% |
| 2014 | 0.15x | $790.00 Million | $5.28 Billion | $4.49 Billion | ▼ -60.3% |
| 2013 | 0.38x | $2.40 Billion | $6.35 Billion | $3.96 Billion | ▼ -18.8% |
| 2012 | 0.46x | $3.37 Billion | $7.26 Billion | $3.89 Billion | ▲ +1941.8% |
| 2011 | -0.03x | $-154.00 Million | $6.11 Billion | $6.26 Billion | ▼ -104.9% |
| 2010 | 0.51x | $1.89 Billion | $3.70 Billion | $1.81 Billion | ▼ -36.5% |
| 2009 | 0.80x | $2.82 Billion | $3.51 Billion | $691.45 Million | ▲ +93.6% |
| 2008 | 0.41x | $1.44 Billion | $3.46 Billion | $2.03 Billion | ▼ -12.0% |
| 2007 | 0.47x | $1.43 Billion | $3.04 Billion | $1.61 Billion | ▲ +118.8% |
| 2006 | 0.22x | $424.58 Million | $1.97 Billion | $1.55 Billion | ▼ -88.7% |
| 2005 | 1.91x | $2.48 Billion | $1.30 Billion | $1.18 Billion | ▼ -11.2% |
| 2004 | 2.15x | $1.73 Billion | $805.41 Million | $925.13 Million | ▲ +8.0% |
| 2003 | 1.99x | $1.02 Billion | $511.88 Million | $506.72 Million | ▼ -14.0% |
| 2002 | 2.31x | $513.16 Million | $221.72 Million | $291.44 Million | ▼ -1.5% |
| 2001 | 2.35x | $237.41 Million | $101.06 Million | $136.35 Million | ▼ -72.8% |
| 2000 | 8.63x | $73.80 Million | $8.55 Million | $65.25 Million | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).