AIRBUS - 2020 Financial Statement

1. Airbus SE – IFRS Consolidated Financial Statements /

Airbus SE – IFRS Consolidated Statement of Cash Flows for the years ended 31 December 2020 and 2019

2020

Note

2019

(In € million)

Operating activities Loss for the period attributable to equity owners of the parent (Net income) (Loss) Profit for the period attributable to non-controlling interests Adjustments to reconcile profit for the period to cash provided by operating activities: Interest income

(1,133)

(1,362)

(36)

37

(140)

(228)

411

339 151

Interest expense Interest received

82

(205)

(187)

Interest paid

39 79

2,389 (1,476) 2,927

Income tax expense

Income tax paid

2,831

Depreciation and amortisation

11

95

600 (77)

Valuation adjustments

9

Results on disposals of non-current assets

(39)

(299)

Results of investments accounted for under the equity method

Change in current and non-current provisions

1,138 (314)

475

(1,752) 2,216

Contribution to plan assets (1)

(8,237)

Change in other operating assets and liabilities

152 351 848

117

Inventories

Trade receivables

29

1,297 (1,625) 2,398 3,753

Contract assets and liabilities

(5,523) (4,065) (5,420)

Trade liabilities

23

Other assets and liabilities

26, 27

Cash provided by (used for) operating activities

Investing activities Purchases of intangible assets, property, plant and equipment, investment property

(1,759)

(2,340)

228

112

Proceeds from disposals of intangible assets, property, plant and equipment and investment property Acquisitions of subsidiaries, joint ventures, businesses and non-controlling interests (net of cash) Payments for investments accounted for under the equity method, other investments and other long-term financial assets Proceeds from disposals of investments accounted for under the equity method, other investments and other long-term financial assets

(481)

8

(565)

(952)

408

358 210

(8)

Dividends paid by companies valued at equity

9

Disposals of non-current assets and disposal groups classified as assets held for sale and liabilities directly associated

0

137

(337) 6,640 4,126

(2,861) 2,464 (2,864)

Payments for investments in securities Proceeds from disposals of securities

37 37

Cash provided by (used for) investing activities

Financing activities Increase in financing liabilities Repayment of financing liabilities

7,102 (445)

402

37 37 35

(562)

0

(1,280)

Cash distribution to Airbus SE shareholders Payments for liability for puttable instruments Changes in capital and non-controlling interests

91 89 (4)

319 194 (31)

Change in treasury shares

6,833

(958)

Cash provided by (used for) financing activities

Effect of foreign exchange rate changes on cash and cash equivalents Net increase (decrease) in cash and cash equivalents

(414)

(45)

5,125 9,314

(114)

9,428

Cash and cash equivalents at beginning of period

Cash and cash equivalents at end of period

14,439

9,314

37

(1) Thereof €331 million contributions for retirement and deferred compensation plans in 2020 (2019: €1,758 million).

The accompanying notes are an integral part of these Consolidated Financial Statements (IFRS).

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Airbus / Financial Statements 2020