$VEON
VimpelCom Ltd.
CIK:0001468091|SEC Filings
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions |
12 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
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| Operating activities | |||||||||||
| Profit before tax | $ 785 | $ 704 | $ 559 | ||||||||
| Non-cash adjustments to reconcile profit before tax to net cash flows | |||||||||||
| Depreciation, amortization and impairment loss, net | 811 | 731 | 729 | ||||||||
| Gain on disposal of non-current assets | (2) | (5) | (46) | ||||||||
| Gain on disposal of subsidiaries | (400) | (145) | 0 | ||||||||
| Finance costs | 535 | 495 | 531 | ||||||||
| Finance income | (52) | (49) | (60) | ||||||||
| Other non-operating loss / (gain), net | 130 | (31) | (20) | ||||||||
| Net foreign exchange loss / (gain) | 41 | (9) | (81) | ||||||||
| Listing expense | 162 | 0 | 0 | ||||||||
| Changes in trade and other receivables and prepayments | (145) | (81) | (1) | ||||||||
| Changes in inventories | (16) | (9) | (19) | ||||||||
| Changes in trade and other payables | 142 | 130 | 143 | ||||||||
| Changes in provisions, pensions and other | 96 | 73 | 125 | ||||||||
| Interest paid | (399) | (431) | (489) | ||||||||
| Interest received | 44 | 43 | 53 | ||||||||
| Income tax paid | (379) | (266) | (264) | ||||||||
| Net cash flows from operating activities from continuing operations | 1,353 | 1,150 | 1,160 | ||||||||
| Net cash flows from operating activities from discontinued operations | 0 | 0 | 951 | ||||||||
| Investing activities | |||||||||||
| Purchase of property, plant and equipment | (733) | (627) | (531) | ||||||||
| Purchase of intangible assets | (216) | (280) | (235) | ||||||||
| Payments on deposits | (45) | (19) | (54) | ||||||||
| Net outflows on loans granted | (114) | (80) | (66) | ||||||||
| Receipts from / (investment in) financial assets | 23 | 92 | (147) | ||||||||
| Acquisition of a subsidiary, net of cash acquired | (157) | (2) | 0 | ||||||||
| Proceeds from sales of share in subsidiaries, net of cash | 441 | 36 | 0 | ||||||||
| Proceeds from sales of property, plant and equipment | 10 | 102 | 14 | ||||||||
| Other outflows from investing activities, net | 0 | 0 | (1) | ||||||||
| Net cash flows used in investing activities from continuing operations | (791) | (778) | (1,020) | ||||||||
| Net cash flows used in investing activities from discontinued operations | 0 | 0 | (1,217) | ||||||||
| Financing activities | |||||||||||
| Proceeds from borrowings net of fees paid | [1] | 971 | 955 | 194 | |||||||
| Repayment of debt | [2] | (1,296) | (1,333) | (951) | |||||||
| Payments of lease liabilities | [2] | (250) | (150) | (147) | |||||||
| Dividends paid to non-controlling interests | 0 | (15) | (15) | ||||||||
| Share repurchases | (105) | (8) | 0 | ||||||||
| Proceeds from subsidiary listing, net of fees | 132 | 0 | 0 | ||||||||
| Net cash flows used in financing activities from continuing operations | (548) | (551) | (919) | ||||||||
| Net cash flows used in financing activities from discontinued operations | 0 | 0 | (226) | ||||||||
| Net increase / (decrease) in cash and cash equivalents | 14 | (179) | (1,271) | ||||||||
| Net foreign exchange difference related to continuing operations | 16 | (21) | (36) | ||||||||
| Net foreign exchange difference related to discontinued operations | 0 | 0 | (44) | ||||||||
| Cash and cash equivalents classified as discontinued operations/held for sale at the beginning of the period | 14 | 0 | 146 | ||||||||
| Cash and cash equivalents classified as held for sale at the end of the period | 0 | (14) | 0 | ||||||||
| Cash and cash equivalents at beginning of period | 1,688 | [3] | 1,902 | [3] | 3,107 | ||||||
| Cash and cash equivalents at end of period, net of overdraft | [3] | $ 1,732 | $ 1,688 | $ 1,902 | |||||||
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($) $ in Millions |
Dec. 31, 2025 |
Dec. 31, 2024 |
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|---|---|---|---|---|
| Non-current assets | ||||
| Property and equipment | $ 3,757 | $ 3,016 | ||
| Intangible assets | 1,549 | 1,510 | ||
| Investments and derivatives | 144 | 65 | ||
| Deferred tax assets | 418 | 368 | ||
| Other assets | [1] | 234 | 192 | |
| Total non-current assets | 6,102 | 5,151 | ||
| Current assets | ||||
| Inventories | 32 | 15 | ||
| Trade and other receivables | [1] | 601 | 448 | |
| Investments and derivatives | 489 | 357 | ||
| Current income tax assets | 43 | 63 | ||
| Other assets | 216 | 241 | ||
| Cash and cash equivalents | 1,732 | 1,689 | ||
| Total current assets | 3,113 | 2,813 | ||
| Assets classified as held for sale | 0 | 72 | ||
| Total assets | 9,215 | 8,036 | ||
| Equity | ||||
| Equity attributable to equity owners of the parent | 1,340 | 1,099 | ||
| Non-controlling interests | 294 | 158 | ||
| Total equity | 1,634 | 1,257 | ||
| Non-current liabilities | ||||
| Debt and derivatives | 4,043 | 3,028 | ||
| Provisions | 43 | 48 | ||
| Deferred tax liabilities | 41 | 27 | ||
| Other liabilities | 18 | 22 | ||
| Total non-current liabilities | 4,145 | 3,125 | ||
| Current liabilities | ||||
| Trade and other payables | 1,442 | 1,276 | ||
| Debt and derivatives | 1,102 | 1,666 | ||
| Provisions | 261 | 73 | ||
| Current income tax payables | 88 | 179 | ||
| Other liabilities | 539 | 432 | ||
| Total current liabilities | 3,432 | 3,626 | ||
| Liabilities associated with assets held for sale | 4 | 28 | ||
| Total equity and liabilities | $ 9,215 | $ 8,036 | ||
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