Eurazeo / 2018 Registration document

CONSOLIDATED FINANCIAL STATEMENTS Consolidated Statement of Cash Flows

Consolidated Statement of Cash Flows 4.5

(In thousands of euros)

Note

2018

2017 restated *

NET CASH FLOWS FROM OPERATING ACTIVITIES Consolidated net income Net depreciation, amortization and provision allowances

210,977 481,335 (171,698)

524,876 208,082

Impairments (including on financial assets)

10,081

Unrealized fair value gains (losses) Investment properties •

7

4,349

4,258

Financial assets •

(137,184)

(270,846)

Share-based payments

8,853 (3,413)

8,221 (900)

Other calculated income and expenses

Capital gains (losses) on disposals, dilution gains (losses)

(112,826) (51,507) 228,886

(283,130) (27,616) 173,027 167,593 (48,738) 291,882 (69,035) (26,413) 196,434

Share of income of associates

8.1

Cash flows after net finance costs and income tax expense

Net finance costs Income tax expense

9.4

186,511 (8,526)

Cash flows before net finance costs and income tax expense

406,872 (55,314) (109,353) 242,205

Income taxes paid

Change in operating WCR

13.2 13.3

NET CASH FLOWS FROM OPERATING ACTIVITIES

NET CASH FLOWS FROM INVESTING ACTIVITIES Purchases of intangible assets Proceeds from sales of intangible assets Purchases of property, plant and equipment Proceeds from sales of property, plant and equipment

(69,773)

(47,946)

838

674

(180,343)

(144,516)

17,972

4,036

Purchases of investment properties

(21,485)

(40,105)

Proceeds from sales of investment properties Purchases of non-current financial assets Investments •

-

1,108

(1,208,239) (499,316)

(2,135,919) (248,654)

Financial assets •

8.2

Other non-current financial assets •

(3,873)

(757)

Proceeds from sales of non-current financial assets Investments • Other non-current financial assets • Impact of changes in consolidation scope Dividends received from associates Change in other short-term deposits NET CASH FLOWS FROM INVESTING ACTIVITIES Financial assets •

1,423,629

1,231,694

202,714 (1,565) 120,837

70,763

575

149,664 37,108 49,754

14,421

73

13.4

(204,110)

(1,072,520)

Eurazeo

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2018 Registration Document