ADP // 2021 Universal Registration Document

F I NANC I AL I NFORMAT I ON

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2021

6.1 .4 CONSOLIDATED STATEMENT OF CASH FLOWS

2021 (20) 650 (36) 594 (88)

Notes

2020

(in millions of euros)

Operating income

(1,374)

Income and expense with no impact on net cash Net financial income other than cost of debt

13

1,556 (50)

Operating cash flow before change in working capital and tax

132 114

Change in working capital

13

Tax expenses

56

(59) 109 296

Impact of discontinued activities Cash flows from operating activities

12

195 757

Purchase of tangible assets, intangible assets and investment property

13

(527)

(848)

Change in debt and advances on asset acquisitions

(56)

39

Acquisitions of subsidiaries and investments (net of cash acquired) Proceeds from sale of subsidiaries (net of cash sold) and investments

13 13

(315)

(1,221)

2

-

Change in other financial assets

(210)

(93)

Proceeds from sale of property, plant and equipment

11

5 9

Dividends received

13

40

Cash flows from investing activities Proceeds from long-term debt

(1,055)

(2,109)

6

9 9

294

4,189 (884)

Repayment of long-term debt

(578)

Repayments of lease debts and related financial charges

(17)

(15)

Capital grants received in the period

1

7

Revenue from issue of shares or other equity instruments

(1)

1

Net purchase/disposal of treasury shares

1

(3)

Dividends paid to non controlling interests in the subsidiaries

(4)

(32)

Change in other financial liabilities

(56)

50

Interest paid

(285)

(194)

Interest received

39

7

Impact of discontinued activities Cash flows from financing activities Impact of currency fluctuations

12

(176) (782)

176

3,302

-

(4)

CHANGE IN CASH AND CASH EQUIVALENTS

(1,080)

1,485 1,973 3,458 3,463

Net cash and cash equivalents at beginning of the period Net cash and cash equivalents at end of the period

3,458 2,378 2,379

13

of which Cash and cash equivalents

of which Bank overdrafts

(1)

(5)

Flow from operating activities In 2021, the Group received €195 million euros for the balance of the compensation corresponding to the end of the TAV Istanbul concession. Flow from investing activities Flows relating to acquisitions of subsidiaries and investments mainly relate to the acquisition of Almaty International Airport JSC and Venus Trading LLP shares by TAV Group for an amount of USD 372 million (€314 million net of cash acquired). Flow from financing activities In 2021, the amount of repayment debt is €578 million.

287

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