Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of MTN Group.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $188.00B | $221.30B | $207.00B | $181.65B | $179.36B | $151.46B | $134.56B | $132.81B | $147.92B | $147.06B |
| Cost of Revenue | $56.68B | $78.49B | $56.20B | $47.85B | $50.29B | $43.95B | $47.74B | $46.81B | $49.22B | $42.74B |
| Gross Profit | $131.32B | $142.81B | $150.81B | $133.79B | $129.07B | $107.51B | $86.82B | $86.00B | $98.70B | $104.32B |
| Gross Profit Ratio | 69.85% | 64.53% | 72.85% | 73.65% | 71.96% | 70.98% | 64.52% | 64.75% | 66.73% | 70.94% |
| Research and Development Expenses | $- | $- | $2.00M | $2.00M | $15.00M | $19.00M | $18.00M | $8.00M | $34.00M | $7.00M |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $24.14B | $27.13B | $24.82B | $22.45B | $21.16B | $18.57B | $16.80B | $17.28B | $19.17B | $18.41B |
| Selling General and Administrative Expenses | $24.14B | $27.13B | $24.82B | $22.45B | $21.16B | $18.57B | $16.80B | $17.28B | $19.17B | $18.41B |
| Other Expenses | $107.19B | $- | $68.37B | $65.82B | $64.80B | $57.95B | $138.00M | $196.00M | $27.00M | $146.00M |
| Operating Expenses | $131.32B | $28.63B | $93.19B | $88.27B | $85.96B | $76.52B | $64.56B | $69.40B | $73.52B | $67.61B |
| Cost and Expenses | $188.00B | $107.12B | $149.38B | $136.13B | $136.25B | $120.47B | $112.30B | $116.22B | $122.74B | $110.35B |
| Interest Income | $2.42B | $3.06B | $2.04B | $1.20B | $1.49B | $1.87B | $1.99B | $3.49B | $4.42B | $5.44B |
| Interest Expense | $18.35B | $18.95B | $14.68B | $13.14B | $15.36B | $14.48B | $8.42B | $8.40B | $9.02B | $6.98B |
| Depreciation and Amortization | $36.05B | $42.27B | $34.62B | $34.64B | $35.65B | $32.46B | $24.36B | $23.77B | $25.74B | $23.29B |
| EBITDA | $49.99B | $72.99B | $89.82B | $76.59B | $80.10B | $64.67B | $47.79B | $41.74B | $40.00B | $65.17B |
| EBITDA Ratio | 26.59% | 32.98% | 43.39% | 42.17% | 44.66% | 42.70% | 35.51% | 31.42% | 27.04% | 44.31% |
| Operating Income | $- | $114.18B | $57.77B | $46.36B | $44.59B | $31.29B | $23.58B | $20.56B | $14.14B | $35.33B |
| Operating Income Ratio | 0.00% | 51.59% | 27.91% | 25.52% | 24.86% | 20.66% | 17.52% | 15.48% | 9.56% | 24.02% |
| Total Other Income Expenses Net | $-4.42B | $-102.41B | $-70.51B | $-16.70B | $-15.51B | $-13.69B | $-8.57B | $-11.00B | $-8.90B | $-436.00M |
| Income Before Tax | $-4.42B | $11.77B | $41.50B | $28.82B | $29.09B | $17.60B | $15.01B | $9.55B | $5.24B | $34.89B |
| Income Before Tax Ratio | -2.35% | 5.32% | 20.05% | 15.86% | 16.22% | 11.62% | 11.15% | 7.19% | 3.54% | 23.73% |
| Income Tax Expense | $6.79B | $7.75B | $17.24B | $11.82B | $9.44B | $6.91B | $5.43B | $5.01B | $8.35B | $11.32B |
| Net Income | $-9.59B | $4.09B | $19.04B | $13.75B | $17.02B | $9.10B | $8.72B | $4.41B | $-2.61B | $20.20B |
| Net Income Ratio | -5.10% | 1.85% | 9.20% | 7.57% | 9.49% | 6.01% | 6.48% | 3.32% | -1.77% | 13.74% |
| EPS | $-5.31 | $2.23 | $10.73 | $7.63 | $9.46 | $4.99 | $4.85 | $2.46 | $-1.40 | $11.09 |
| EPS Diluted | $-5.31 | $2.23 | $10.46 | $7.44 | $9.36 | $4.91 | $4.78 | $2.41 | $-1.40 | $11.06 |
| Weighted Average Shares Outstanding | 1.81B | 1.83B | 1.81B | 1.80B | 1.80B | 1.80B | 1.80B | 1.80B | 1.82B | 1.82B |
| Weighted Average Shares Outstanding Diluted | 1.81B | 1.84B | 1.85B | 1.85B | 1.82B | 1.83B | 1.82B | 1.83B | 1.86B | 1.83B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $30.30B | $37.55B | $44.35B | $39.49B | $30.70B | $21.63B | $15.84B | $16.01B | $27.38B | $34.02B |
| Short Term Investments | $69.02B | $1.57B | $38.66B | $43.68B | $37.49B | $19.71B | $4.46B | $3.51B | $7.24B | $8.01B |
| Cash and Short Term Investments | $99.32B | $40.91B | $83.01B | $83.17B | $68.19B | $41.33B | $20.29B | $19.52B | $34.61B | $42.03B |
| Net Receivables | $- | $20.87B | $18.83B | $30.84B | $17.87B | $17.27B | $17.33B | $17.69B | $17.29B | $19.30B |
| Inventory | $1.21B | $1.47B | $1.91B | $1.54B | $1.53B | $1.72B | $3.00B | $3.00B | $3.97B | $5.63B |
| Other Current Assets | $41.73B | $81.47B | $33.82B | $17.54B | $26.18B | $15.97B | $34.14B | $35.48B | $23.11B | $27.34B |
| Total Current Assets | $142.26B | $144.73B | $134.21B | $125.80B | $109.76B | $75.44B | $58.04B | $59.90B | $79.61B | $95.43B |
| Property Plant Equipment Net | $167.81B | $164.16B | $159.40B | $141.23B | $145.12B | $141.56B | $100.58B | $91.79B | $95.63B | $106.70B |
| Goodwill | $34.88B | $34.53B | $13.23B | $15.61B | $15.57B | $15.55B | $17.24B | $16.64B | $22.07B | $27.23B |
| Intangible Assets | $37.67B | $40.29B | $38.42B | $30.54B | $25.11B | $23.05B | $23.09B | $21.69B | $24.41B | $28.66B |
| Goodwill and Intangible Assets | $72.55B | $74.81B | $50.28B | $46.15B | $40.68B | $38.60B | $40.33B | $38.33B | $46.47B | $55.89B |
| Long Term Investments | $-39.35B | $31.83B | $-6.13B | $-9.31B | $1.67B | $17.61B | $31.45B | $43.78B | $31.27B | $37.51B |
| Tax Assets | $10.46B | $- | $12.10B | $7.22B | $6.36B | $5.07B | $3.70B | $1.59B | $1.11B | $542.00M |
| Other Non-Current Assets | $77.23B | $19.19B | $42.02B | $54.70B | $45.36B | $24.02B | $10.50B | $7.02B | $14.61B | $17.79B |
| Total Non-Current Assets | $288.70B | $289.99B | $257.67B | $240.00B | $239.18B | $226.87B | $186.57B | $182.51B | $189.09B | $218.44B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $430.96B | $434.71B | $391.88B | $365.80B | $348.94B | $302.31B | $244.61B | $242.41B | $268.70B | $313.87B |
| Account Payables | $17.72B | $17.71B | $16.76B | $50.77B | $13.14B | $10.35B | $47.70B | $45.20B | $11.89B | $12.43B |
| Short Term Debt | $23.20B | $38.14B | $22.23B | $21.92B | $23.52B | $19.88B | $15.74B | $9.15B | $15.42B | $12.50B |
| Tax Payables | $1.76B | $5.82B | $21.71B | $7.04B | $5.66B | $3.42B | $2.99B | $2.32B | $4.21B | $10.01B |
| Deferred Revenue | $- | $608.00M | $- | $- | $56.75B | $41.59B | $2.99B | $2.32B | $4.21B | $10.01B |
| Other Current Liabilities | $106.52B | $102.51B | $79.18B | $52.60B | $11.40B | $8.60B | $6.15B | $8.44B | $37.77B | $34.55B |
| Total Current Liabilities | $149.20B | $164.79B | $139.87B | $127.93B | $108.30B | $83.84B | $72.57B | $65.12B | $77.73B | $89.52B |
| Long Term Debt | $132.54B | $112.18B | $115.61B | $106.89B | $122.21B | $120.73B | $115.23B | $71.86B | $67.99B | $53.37B |
| Deferred Revenue Non-Current | $1.09B | $- | $1.04B | $792.00M | $322.00M | $319.00M | $291.00M | $270.00M | $382.00M | $527.00M |
| Deferred Tax Liabilities Non-Current | $6.76B | $- | $8.31B | $9.67B | $9.91B | $10.40B | $9.50B | $7.55B | $9.06B | $13.04B |
| Other Non-Current Liabilities | $2.93B | $7.55B | $8.04B | $1.14B | $893.00M | $11.64B | $-31.42B | $3.35B | $17.75B | $19.14B |
| Total Non-Current Liabilities | $143.31B | $119.74B | $129.66B | $122.89B | $134.42B | $132.37B | $83.81B | $83.03B | $85.74B | $72.51B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $292.51B | $284.53B | $269.54B | $250.82B | $242.72B | $216.21B | $156.38B | $148.15B | $163.47B | $162.03B |
| Preferred Stock | $- | $- | $- | $- | $5.63B | $- | $- | $- | $- | $- |
| Common Stock | $- | $- | $- | $- | $36.93B | $- | $36.93B | $36.79B | $36.79B | $40.25B |
| Retained Earnings | $79.46B | $96.93B | $95.69B | $83.58B | $71.26B | $55.58B | $56.30B | $56.96B | $64.83B | $87.53B |
| Accumulated Other Comprehensive Income Loss | $- | $3.78B | $-17.71B | $-11.03B | $-5.63B | $-11.15B | $-120.21B | $-106.81B | $-102.86B | $-109.77B |
| Other Total Stockholders Equity | $43.99B | $38.49B | $38.49B | $40.59B | $37.24B | $36.93B | $36.93B | $105.83B | $36.79B | $40.25B |
| Total Stockholders Equity | $123.44B | $139.21B | $116.60B | $111.05B | $102.87B | $83.90B | $84.80B | $92.77B | $102.38B | $146.37B |
| Total Equity | $138.45B | $150.18B | $122.34B | $114.98B | $106.22B | $86.10B | $88.23B | $94.27B | $105.23B | $151.84B |
| Total Liabilities and Stockholders Equity | $430.96B | $434.71B | $391.88B | $365.80B | $348.94B | $302.31B | $244.61B | $242.41B | $268.70B | $313.87B |
| Minority Interest | $15.00B | $10.98B | $5.74B | $3.94B | $3.35B | $2.20B | $3.43B | $1.49B | $2.85B | $5.47B |
| Total Liabilities and Total Equity | $430.96B | $434.71B | $391.88B | $365.80B | $348.94B | $302.31B | $244.61B | $242.41B | $268.70B | $313.87B |
| Total Investments | $29.67B | $32.59B | $32.53B | $34.37B | $39.15B | $37.32B | $35.91B | $47.30B | $38.51B | $45.52B |
| Total Debt | $155.74B | $148.45B | $140.33B | $128.82B | $145.73B | $140.61B | $85.62B | $80.36B | $87.63B | $75.88B |
| Net Debt | $125.44B | $110.90B | $95.98B | $89.33B | $115.03B | $118.98B | $69.78B | $64.36B | $60.25B | $41.86B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-4.42B | $11.77B | $19.34B | $28.82B | $29.09B | $17.60B | $15.01B | $9.55B | $5.24B | $34.89B |
| Depreciation and Amortization | $36.05B | $42.27B | $34.65B | $34.64B | $35.65B | $32.46B | $24.36B | $23.77B | $25.74B | $23.29B |
| Deferred Income Tax | $- | $- | $1.94B | $-13.52B | $-15.69B | $-19.42B | $-399.00M | $-8.04B | $-38.79B | $-41.88B |
| Stock Based Compensation | $932.00M | $1.08B | $807.00M | $1.07B | $860.00M | $373.00M | $- | $627.00M | $968.00M | $179.00M |
| Change in Working Capital | $-7.58B | $-4.12B | $-2.75B | $3.85B | $-4.32B | $-9.31B | $-8.05B | $-7.42B | $18.83B | $-5.22B |
| Accounts Receivables | $-8.37B | $-8.77B | $-8.10B | $-4.03B | $-6.43B | $-2.82B | $-1.29B | $-2.74B | $4.03B | $-4.59B |
| Inventory | $303.00M | $828.00M | $-611.00M | $-97.00M | $77.00M | $1.25B | $102.00M | $485.00M | $1.12B | $-2.33B |
| Accounts Payables | $- | $8.77B | $8.10B | $4.03B | $6.43B | $2.82B | $1.29B | $2.74B | $-4.03B | $4.59B |
| Other Working Capital | $485.00M | $-4.95B | $-2.14B | $3.95B | $-4.39B | $-10.57B | $-8.16B | $-5.17B | $13.68B | $1.70B |
| Other Non Cash Items | $21.83B | $13.06B | $14.13B | $12.42B | $12.92B | $14.60B | $1.08B | $5.20B | $8.73B | $1.85B |
| Net Cash Provided by Operating Activities | $46.82B | $64.06B | $68.12B | $67.29B | $58.51B | $36.29B | $32.39B | $23.69B | $20.72B | $13.12B |
| Investments in Property Plant and Equipment | $-25.00B | $-32.19B | $-45.81B | $-35.23B | $-30.18B | $-27.04B | $-28.20B | $-26.66B | $-35.25B | $-32.02B |
| Acquisitions Net | $-836.00M | $- | $- | $747.00M | $11.28B | $1.15B | $3.99B | $-2.78B | $-882.00M | $-3.04B |
| Purchases of Investments | $-5.55B | $-34.00M | $-212.00M | $-143.00M | $-8.38B | $-71.00M | $-802.00M | $-1.02B | $-4.99B | $-4.81B |
| Sales Maturities of Investments | $- | $865.00M | $492.00M | $5.19B | $-6.57B | $396.00M | $1.73B | $1.85B | $-5.01B | $-10.65B |
| Other Investing Activities | $-1.96B | $-20.90B | $2.10B | $-1.52B | $340.00M | $1.02B | $66.00M | $1.03B | $5.73B | $16.23B |
| Net Cash Used for Investing Activities | $-33.34B | $-52.26B | $-43.44B | $-30.95B | $-33.51B | $-24.54B | $-23.22B | $-27.59B | $-40.41B | $-34.29B |
| Debt Repayment | $-638.00M | $-474.00M | $-10.54B | $-26.15B | $-5.10B | $7.93B | $-2.14B | $-1.32B | $24.48B | $8.58B |
| Common Stock Issued | $- | $1.18B | $- | $2.19B | $- | $30.14B | $3.06B | $192.00M | $1.19B | $-288.00M |
| Common Stock Repurchased | $-1.24B | $-1.30B | $-1.42B | $-257.00M | $- | $-1.24B | $- | $- | $-2.65B | $-173.00M |
| Dividends Paid | $-5.96B | $-5.96B | $-5.41B | $- | $-6.46B | $-9.35B | $- | $-12.56B | $-59.65B | $-23.38B |
| Other Financing Activities | $-8.37B | $-1.75B | $-49.00M | $-1.97B | $-2.14B | $-2.92B | $2.25B | $8.77B | $17.73B | $23.36B |
| Net Cash Used Provided by Financing Activities | $-16.20B | $-9.48B | $-17.42B | $-26.18B | $-13.71B | $-4.34B | $-11.12B | $-4.92B | $20.95B | $8.10B |
| Effect of Forex Changes on Cash | $-4.37B | $-9.73B | $-2.28B | $-1.51B | $-2.18B | $-1.30B | $1.56B | $-2.66B | $-8.19B | $3.86B |
| Net Change in Cash | $-7.49B | $-7.08B | $4.62B | $8.38B | $9.03B | $6.64B | $-970.00M | $-11.44B | $-6.76B | $-8.93B |
| Cash at End of Period | $29.06B | $36.55B | $43.63B | $39.02B | $30.64B | $21.61B | $14.97B | $15.94B | $27.38B | $34.14B |
| Cash at Beginning of Period | $36.55B | $43.63B | $39.02B | $30.64B | $21.61B | $14.97B | $15.94B | $27.38B | $34.14B | $43.07B |
| Operating Cash Flow | $46.82B | $64.06B | $68.12B | $67.29B | $58.51B | $36.29B | $32.39B | $23.69B | $20.72B | $13.12B |
| Capital Expenditure | $-31.68B | $-46.80B | $-45.81B | $-35.23B | $-30.18B | $-27.04B | $-28.20B | $-26.66B | $-35.25B | $-32.02B |
| Free Cash Flow | $15.14B | $17.26B | $22.31B | $32.06B | $28.33B | $9.25B | $4.19B | $-2.97B | $-14.53B | $-18.90B |