EURAZEO_REGISTRATION_DOCUMENT_2017

5

COMPANY FINANCIAL STATEMENTS Notes to the Company financial statements

STATEMENT OF CASH FLOWS 5.3.6

2017

2016

(In thousands of euros)

Cash flows from operating activities Gross operating income from ordinary operations Elimination of non-cash income and expense items

413,818 (6,976)

407,213 (7,366) 410,030 809,877

Change in operating WCR

(407,326)

Net cash flows from asset management operations Other cash inflows and outflows from operating activities: Other financial income and expenses •

(484)

(126,203)

(3,294) (5,066)

Income tax expense •

10,285

Non-recurring operating income and expenses •

159

(449) 3,145

Other •

(8,109)

Net cash from (used in) operating activities

(124,353)

804,213

Cash flows from investing activities Purchases of intangible assets and property, plant and equipment

(548)

(2,372)

Purchases of financial assets: Investments • Receivables from investments •

(1,213,109) (494,074)

(361,097) (682,600) (105,781)

Other financial assets •

(85,874)

Proceeds from sales of intangible assets and property, plant and equipment, net of tax

31

1,049

Proceeds from sales of financial assets, net of tax Investments •

809,578 496,550

621,106 172,921 25,016

Receivables from investments •

Other financial assets •

47,512

Net cash used in investing activities Cash flows from financing activities Dividends paid to shareholders

(439,933)

(331,758)

(78,707)

(159,305)

Changes in share capital

-

-

Treasury shares

(91,283)

(200,691) (359,995) 112,460 1,006,133 1,118,592

Net cash used In financing activities

(169,990) (734,276)

Net increase (decrease) in cash and cash equivalents

Opening cash and cash equivalents Closing cash and cash equivalents

1,118,592 384,317

312

2017 Registration document

Eurazeo