Aéroports de Paris - 2019 Universal registration document

EQUITY AND CASH FLOWS 09 CASH FLOW

Cash flow from operating activities

2019 1,081

2018 1

(in millions of euros)

Operating income

1,121 519

Other non-cash income and expenses Net financial income other than cost of debt

619

(53)

(64) 1,576 (44) (215)

Operating cash flow before change in working capital and tax

1,647

Change in working capital

145

Tax expenses

(321)

Impact of discontinued activities Cash flows from operating activities

82

234

1,553

1,551

1 Restated figures as described in notes 2.2 & 12 of the 2019 consolidated financial statements.

Cash flow from investing activities

2019

2018 1

(in millions of euros)

Purchase of tangible assets, intangible assets and investment property

(1,203)

(1,077)

Change in debt and advances on asset acquisitions

1

50

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

(35)

(630)

-

1

Change in other financial assets

(102)

(20)

Proceeds from sale of property, plant and equipment

19

2

Dividends received

173

39 (1)

Impact of discontinued activities Cash flows from investing activities

(1,147)

(1,636)

1 Restated figures as described in notes 2.2 & 12 of the 2019 consolidated financial statements.

2019 was marked by investments made in terms of tangible and intangible assets for €1,203 million for the Groupe ADP (€1,077 million in 2018). The main 2019 investments are described in chapter 4 of the present document.

Cash flow from financing activities

2019

2018 1

(in millions of euros)

Capital grants received in the period

4

3

Dividends paid to shareholders of the parent company Dividends paid to non controlling interests in the subsidiaries

(366)

(342)

(79) 877

(65)

Proceeds from long-term debt Repayment of long-term debt

1,064 (254)

(749)

Repayments of lease debts and related financial charges

(10)

-

Change in other financial liabilities

(2)

66

Interest paid

(209)

(179)

Interest received

43

17

Impact of discontinued activities Cash flow from financing activities

2

(83) 227

(489)

1 Restated figures as described in notes 2.2 & 12 of the 2019 consolidated financial statements.

Cash was down by €81 million in 2019 compared to 2018 and thus stood at €1,973 million (vs €2,055 million in 2018). Cash flow from operating activities stood at €1,553 million, up by €2 million compared to 2018.

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019

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