Eurazeo / 2018 Registration document

COMPANY FINANCIAL STATEMENTS Notes to the Company financial statements

STATEMENT OF CASH FLOWS 5.3.6

2018

2017

(In thousands of euros)

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

(55,174) (7,726) 502,529 439,629

413,818 (6,976)

Change in operating WCR

(407,326)

(484)

Net cash flows from operating activities

Other cash inflows and outflows from operating activities: Other financial income and expenses •

3,866 13,579

(126,203)

Income tax expense •

10,285

Non-recurring operating income and expenses •

(32)

159

Other •

16,809

(8,109)

Net cash from (used in) operating activities

473,851

(124,353)

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

(258)

(548)

Purchases of financial assets: Investments • Receivables from investments • Other financial assets •

(222,321) (917,844) (234,364)

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

(85,874)

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

355

31

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

752,630 338,334 20,646

809,578 496,550

Other financial assets •

47,512

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

(262,821)

(439,933)

(89,794)

(78,707)

Changes in share capital

(593)

-

Treasury shares

(77,574) (167,961) 43,070 384,317 427,387

(91,283)

Net cash used in financing activities

(169,990) (734,277) 1,118,592

Net increase (decrease) in cash and cash equivalents

Opening cash and cash equivalents Closing cash and cash equivalents

384,317

Eurazeo

326

2018 Registration Document