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Consolidated statement of cash flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities (including discontinued operations)      
Profit (loss) before taxes from continuing operations $ 238 [1] $ 728 [2],[3] $ (252) [2],[3]
Profit (loss) before taxes from discontinued operations 116 3 [3] (31) [3]
Profit (loss) before taxes 354 731 [3] (283) [3]
Adjustments to reconcile to net cash:      
Interest expense on leases 131 131 [3] 156 [3]
Interest expense on debt and other financing 497 400 [3] 468 [3]
Interest and other financial income (18) (23) [3] (13) [3]
Adjustments for non-cash items:      
Depreciation and amortization 1,364 1,196 [3] 1,208 [3]
Share of profit in joint ventures (32) [1] (210) [2],[3] (171) [2],[3]
(Gain) loss on disposal and impairment of assets, net (122) (6) [3] 20 [3]
Share-based compensation 29 17 [3] 24 [3]
Revaluation of previously held interest in Guatemala 0 (670) [3] 0 [3]
Profit (loss) from other joint ventures and associates, net 0 39 [3] 1 [3]
Other non-cash non-operating (income) expenses, net 77 50 [3] 106 [3]
Changes in working capital:      
Decrease (increase) in trade receivables, prepayments and other current assets, net (104) (93) [3] (43) [3]
Decrease (increase) in inventories 5 9 [3] (6) [3]
Increase (decrease) in trade and other payables, net (37) 6 [3] 40 [3]
Increase (decrease) in contract assets, liabilities and costs, net (14) (5) [3] 8 [3]
Total changes in working capital (151) (81) [3] (2) [3]
Interest paid on leases (128) (140) [3] (151) [3]
Interest paid on debt and other financing (411) (355) [3] (411) [3]
Interest received 8 4 [3] 11 [3]
Taxes paid (316) (127) [3] (142) [3]
Net cash provided by operating activities 1,284 956 [3] 821 [3]
Cash flows from (used in) investing activities (including discontinued operations):      
Acquisition of subsidiaries, joint ventures and associates, net of cash acquired (283) (2,000) [3] 10 [3]
Financing exit from the Ghana joint venture 0 (37) [3] 0 [3]
Proceeds from the disposal of subsidiaries and associates 152 30 [3] 10 [3]
Purchase of spectrum and licenses (93) (37) [3] (101) [3]
Purchase of other intangible assets (179) (98) [3] (101) [3]
Purchase of property, plant and equipment (800) (740) [3] (622) [3]
Proceeds from sale of property, plant and equipment 21 11 [3] 9 [3]
Proceeds from disposal of equity investments, net of costs 0 163 [3] 197 [3]
Dividends and dividend advances received from joint ventures and associates 10 13 [3] 71 [3]
Settlement of derivative financial instruments 11 0 [3] 0 [3]
Transfer (to) / from pledge deposits, net 33 (33) [3] 0 [3]
Cash advances and loans made to other parties, classified as investing activities (3) 0 [3] 0
Cash (used in) provided by other investing activities, net 25 26 [3] 32 [3]
Net cash used in investing activities (1,104) (2,703) [3] (495) [3]
Cash flows from financing activities (including discontinued operations):      
Proceeds from debt and other financing 1,570 3,113 [3] 1,470 [3]
Repayment of debt and other financing (2,127) (1,335) [3] (1,744) [3]
Loan repayment from (advance to) joint venture 0 193 [3] (193) [3]
Lease capital repayment (157) (137) [3] (116) [3]
Proceeds from the rights offering, net of costs 717 0 [3] 0 [3]
Advances and dividends paid to non-controlling interests (4) (6) [3] (5) [3]
Share repurchase program 0 (50) [3] (10) [3]
Dividends paid to owners of the Company 0 0 [3] 0 [3]
Net cash from (used in) financing activities (1) 1,777 [3] (598) [3]
Exchange impact on cash and cash equivalents, net (11) (10) [3] (17) [3]
Net increase (decrease) in cash and cash equivalents 168 20 [3] (289) [3]
Cash and cash equivalents, beginning balance [3] 895 [4] 875 1,164
Effect of cash in disposal group held for sale (24) 0 [3] 0 [3]
Cash and cash equivalents, ending balance $ 1,039 $ 895 [3],[4] $ 875 [3]
[1] Tigo Guatemala is fully consolidated since the acquisition of the remaining 45% shareholding on November 12, 2021. See note A.1.2. for further details. As a result, numbers might not be directly comparable with previous years' figures.
[2] Re-presented for discontinued operations (see note A.4.)
[3] Re-presented for discontinued operations (see note A.4.).
[4] Restated after the finalization of the Guatemala purchase accounting. See note A.1.2. for further details.