Euronext // 2021 Universal Registration Document

Financial Statements

Consolidated Statement of cash flows

8.4 Consolidated Statement of cash flows

Year ended

Note

31 December 2021

31 December 2020

In thousands of euros

Profit before income tax

580,733

442,704

Adjustments for: n Depreciation and amortisation

10

125,747

57,776

n Share based payments

9

10,394

8,519

n Change in fair value of financial liabilities

13

—

(263)

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

7

(7,441)

(8,916)

n Changes in working capital and provisions

49,887

(107,011)

Cash flow from operating activities

759,320

392,809

Income tax paid

(215,614)

(114,821)

Net cash generated by operating activities

543,706

277,988

Cash flow from investing activities Acquisition of subsidiaries, net of cash acquired

5

(4,195,969)

(80,358)

Purchase of other current financial assets

(40,390)

(29,353)

Redemption of other current financial assets

50,158

5,786

Proceeds from sale of subsidiaries

5,876

—

Proceeds from sale of investment in associate

—

8,800

Purchase of property, plant and equipment

16

(33,367)

(6,649)

Purchase of intangible assets

18

(34,223)

(12,569)

Dividends received from equity investments

14

25,707

1,647

Dividends received from associates

7

6,699

7,870

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

—

101

Net cash (used in) investing activities

(4,215,509)

(104,725)

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

29

5,471,694

255,855

Repayment of borrowings, net of transaction fees

29

(3,762,855)

—

Interest paid

(16,071)

(11,564)

Interest received

5,000

4,938

Dividends paid to the company’s shareholders

26

(157,165)

(110,620)

Dividends paid to non-controlling interests

(16,021)

(4,438)

8

Issuance of new shares, net of transaction fees

26

2,375,236

—

Payment of lease liabilities

17

(23,762)

(14,890)

Transactions in own shares

26

(31,844)

(13,228)

Employee Share transactions

(5,125)

(1,818)

Net cash generated by financing activities

3,839,087

104,235 277,498

Net (decrease)/increase in cash and cash equivalents

167,284

Cash and cash equivalents – Beginning of the period

629,469

369,822

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

12,656

(17,851)

CASH AND CASH EQUIVALENTS – END OF THE PERIOD

809,409

629,469

The above Consolidated Statement of cash flows should be read in conjunction with the accompanying notes.

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2021 UNIVERSAL REGISTRATION DOCUMENT