EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS Consolidated financial statements

Consolidated cash flow statement

2020

Notes

2019 (1)

(in millions of euros)

Operating activities: Consolidated net income

615

5,182

Net income of discontinued operations

(158)

(497)

Net income of continuing operations

773

5,679

Impairment/(reversals)

799

403

Accumulated depreciation and amortisation, provisions and changes in fair value

13,310

8,358

Financial income and expenses

785 433

101 349

Dividends received from associates and joint ventures

Capital gains/losses

(185)

(508)

Income taxes

945

1,532

Share in net income of associates and joint ventures

(425)

(818)

13.1.2

Change in working capital

(1,679) 14,756 (1,008)

475

Net cash flow from operations Net financial expenses disbursed

15,571

(802) (915)

Income taxes paid

(983)

Net cash flow from continuing operating activities

12,765

13,854

Net cash flow from operating activities relating to discontinued operations

98

168

Net cash flow from operating activities

12,863

14,022

Investing activities: Acquisitions of equity investments, net of cash acquired Disposals of equity investments, net of cash transferred

(126)

(456)

498

293

10.7

Investments in intangible assets and property, plant and equipment

(16,007)

(16,797)

Net proceeds from sale of intangible assets and property, plant and equipment

54

94

Changes in financial assets

2,797

1,294

Net cash flow from continuing investing activities

(12,784)

(15,572)

Net cash flow from investing activities relating to discontinued operations

(104)

(78)

Net cash flow from investing activities

(12,888)

(15,650)

Financing activities: Transactions with non-controlling interests (2)

1,019

1,055

14.3

Dividends paid by parent company

-

(58)

Dividends paid to non-controlling interests

(267)

(155)

Purchases/sales of treasury shares Cash flows with shareholders

5

(14) 828

757

18.3.2.1 18.3.2.1

Issuance of borrowings

6,601

9,080

Repayment of borrowings

(7,062)

(6,976)

14.4 and 14.5

Issuance of perpetual subordinated bonds and OCEANEs

2,243

493

Redemptions of perpetual subordinated bonds

-

(1,280)

14.4

Payments to bearers of perpetual subordinated bonds

(501)

(589)

Funding contributions received for assets operated under concessions and investment subsidies

534

686

Other cash flows from financing activities

1,815 2,572

1,414 2,242

Net cash flow from continuing financing activities

Net cash flow from financing activities relating to discontinued operations

19

(19)

Net cash flow from financing activities

2,591

2,223

Net cash flow from continuing operations Net cash flow from discontinued operations

2,553

524

13

71

Net increase/(decrease) in cash and cash equivalents

2,566

595

CASH AND CASH EQUIVALENTS – OPENING BALANCE

3,934

3,290

Net increase/(decrease) in cash and cash equivalents

2,566

595

Currency fluctuations

(162)

(5) 17 37

Financial income on cash and cash equivalents

35

Other non-monetary changes

(103)

CASH AND CASH EQUIVALENTS – CLOSING BALANCE

6,270

3,934

18.2

The published figures for 2019 have been restated due to the impact of the change in the scope of E&P operations (see note 1.4.2). (1) Contributions via capital increases, or capital reductions and acquisitions of additional interests or disposals of interests in controlled companies. In 2020, this item (2) includes an amount of €998 million relating to CGN’s payment for the capital increases by NNB Holding Ltd. (for the Hinkley point C project) and Sizewell C Holding Co.. In 2019, this item includes an amount of €967 million relating to CGN’s payment for the capital increases by NNB Holding Ltd. (for the Hinkley Point C project) and Sizewell C Holding Co..

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020