Eurazeo / 2019 Universal Registration Document

Financial Statements Consolidated Financial Statements for the year ended December 31, 2019

6.1.5

CONSOLIDATEDSTATEMENTOF CASH FLOWS

Note

2019

2018 restated*

(In thousandsof euros)

NET CASH FLOWS FROM OPERATINGACTIVITIES Consolidatednetincome Net depreciation, amortization andprovision allowances

132,867 455,587 201,835

204,165 486,547 (171,698)

Impairments (including on financial assets)

Unrealized fair valuegains (losses): Investment properties •

7

43

4,349

Financial assets • Share-based payments

(169,042)

(137,184)

11,399 (8,653)

8,853 (3,413)

Other calculated income andexpenses

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

(291,689) (36,522) 295,825

(112,826) (47,471) 231,322 186,511 (10,962) 406,872 (55,314) (109,353) 242,205

Share ofincome ofassociates

8.1

Cashflowsafternetfinancecostsandincometaxexpense

Net finance costs Income taxexpense

9.4

228,161 25,006

Cashflowsbeforenetfinancecostsandincometaxexpense

548,992 (69,073)

Income taxes paid

Change in operatingWCR

13.2 13.3

(350)

NETCASHFLOWSFROMOPERATINGACTIVITIES

479,569

NET CASH FLOWS FROM INVESTINGACTIVITIES Purchases ofintangible assets Proceeds from sales of intangibleassets Purchases ofproperty, plant and equipment Proceeds from sales of property,plantandequipment

(54,363)

(69,773)

14

838

(228,021)

(180,343)

3,486

17,972

Purchases ofinvestment properties Purchases ofnon-current financial assets: Investments •

(57,865)

(21,485)

(1,443,789)

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

Financial assets •

8.2

(304,110)

Other non-current financial assets •

(328)

(3,873)

Proceeds from sales of non-current financial assets Investments •

1,015,616 206,967

1,423,629

Financial assets •

202,714 (1,565) 120,837

Other non-current financial assets • Impact ofchanges in consolidation scope Dividends received from associates Change in other short-term deposits

915

25,348 15,885 14,901

14,421

73

NETCASHFLOWSFROMINVESTINGACTIVITIES

13.4

(805,342)

(204,110)

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