Euronext - 2020 Universal Registration Document

Financial Statements

Consolidated Statement of Cash Flows

8.4 Consolidated Statement of Cash Flows

Year ended

Note

31 December 2020

31 December 2019

In thousands of euros

Profit before income tax

442,704

325,572

Adjustments for: n Depreciation and amortisation

10

57,776

43,676

n Share based payments

9

8,519

6,943

n Change in fair value of financial liabilities

13

(263)

13,275

n Share of profit from associates and joint ventures, and impairments thereof

7

(8,916)

(1,844)

n Changes in working capital and provisions

(107,011)

(35,418)

Cash flow from operating activities

392,809

352,204

Income tax paid

(114,821)

(98,433)

253,771

Net cash generated by operating activities Cash flow from investing activities Acquisition of associates and joint ventures

277,988

7

–

(6,031)

Acquisition of subsidiaries, net of cash acquired

5

(80,358)

(581,825)

Purchase of financial assets at FVOCI

20

–

(22,091)

Purchase of other current financial assets

(29,353)

(4,082)

Redemption of other current financial assets

5,786

20,300

Proceeds from sale of assets held for sale

8,800

–

Purchase of property, plant and equipment

16

(6,649)

(14,663)

Purchase of intangible assets

18

(12,569)

(11,394)

Dividends received from equity investments

14

1,647

7,270

Dividends received from associates

7

7,870

5,167

Proceeds from sale of property, plant and equipment and intangible assets

101

42

(607,307)

Net cash (used in) investing activities

(104,725)

Cash flow from financing activities Proceeds from borrowings, net of transaction fees

29

255,855

538,925

Repayment of borrowings, net of transaction fees

29

–

(90,674)

Interest paid

(11,564)

(6,252)

Interest received

4,938

5,131

Dividends paid to the Company’s shareholders

26

(110,620)

(107,239)

8

Dividends paid to non-controlling interests

(4,438)

(1,452)

Payment of lease liabilities

17

(14,890)

(9,744)

Transactions in own shares

26

(13,228)

896

Employee Share transactions

(1,818)

(1,913)

Net cash generated by financing activities

104,235 277,498

327,678 (25,858)

Net (decrease)/increase in cash and cash equivalents

Cash and cash equivalents – Beginning of the period

369,822

398,018

(17,851)

(2,338)

Non-cash exchange (losses)/gains on cash and cash equivalents

CASH AND CASH EQUIVALENTS – END OF THE PERIOD

629,469

369,822

The above Consolidated Statement of Cash Flows should be read in conjunction with the accompanying notes.

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2020 UNIVERSAL REGISTRATION DOCUMENT