Groupe Renault - 2019 Universal Registration Document

04

CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS

Consolidated cash flows by operating segment A3

Automotive (excluding AVTOVAZ)

Intra- Automotive transactions

TOTAL AUTOMOTIVE

Sales Financing

Intersegment transactions

CONSOLIDATED TOTAL

AVTOVAZ

(€ million)

2019  (1) Net income  (2)

(394)

72

(1)

(323)

922

(580)

19

Cancellation of dividends received from unconsolidated listed investments Cancellation of income and expenses with no impact on cash Depreciation, amortization and impairment Share in net (income) loss of associates and joint-ventures Other income and expenses with no impact on cash, before interest and tax DIVIDENDS RECEIVED FROM UNLISTED ASSOCIATES AND JOINT-VENTURES Cash flows before interest and tax  (3) Dividends received from listed companies  (4) Decrease (increase) in sales financing receivables Net change in financial assets and Sales Financing debts

(46)

-

-

(46)

-

-

(46)

3,607

120

- -

3,727

82

- -

3,809

213

(2)

211

(21)

190

1,355

50

-

1,405

475

57

1,937

4

-

-

4

-

-

4

4,739

240

(1)

4,978

1,458

(523)

5,913

625

- - - - -

625

-

-

625

- -

- - -

- -

(3,353)

82

(3,271)

2,968

135

3,103

Change in capitalized leased assets Change in working capital before tax

(1,002)

(1,002)

(57)

-

(1,059)

1,829

15

1,844

(635)

5

1,214

CASH FLOWS FROM OPERATING ACTIVITIES BEFORE INTEREST AND TAX

6,191

255

(1)

6,445

381

(301)

6,525

Interest received

73

5

-

78

- -

-

78

Interest paid

(301) (367) 5,596

(87) (11) 162

1

(387) (378) 5,758

19

(368) (636) 5,599

Current taxes (paid)/received

- -

(258)

-

CASH FLOWS FROM OPERATING ACTIVITIES

123

(282)

The impacts of application of IFRS 16 “Leases” from January 1, 2019 are presented in note 2-A. The figures for 2018 have not been restated. (1) Dividends paid by the Sales Financing segment to the Automotive segments are included in the net income of the Automotive (excluding AVTOVAZ) segment. They amount (2) to €500 million in 2019. Cash flows before interest and tax do not include dividends received from listed companies. (3) Dividends received from Daimler (€46 million) and Nissan (€579 million). (4)

Automotive (excluding AVTOVAZ)

Intra- Automotive transactions

TOTAL AUTOMOTIVE

Sales Financing

Intersegment transactions

CONSOLIDATED TOTAL

AVTOVAZ

(€ million)

2019 CASH FLOWS FROM OPERATING ACTIVITIES

5,596

162 (67) (95)

- -

5,758

123

(282)

5,599

Purchases of intangible assets

(2,016) (2,846)

(2,083) (2,926)

(3)

- - - - - - -

(2,086) (2,936)

Purchases of property, plant and equipment

15

(10)

Disposals of property, plant and equipment and intangibles Acquisitions and disposals of investments involving gain or loss of control, net of cash acquired Acquisitions and disposals of other investments and other Net decrease (increase) in other securities and loans of the Automotive segments

16

27

(14)

29

2

31

(55)

(9)

- -

(64)

71 (1)

7

(120)

-

(120)

(121)

(3)

1

-

(2)

-

(2)

CASH FLOWS FROM INVESTING ACTIVITIES

(5,024) (1,165)

(143)

1

(5,166) (1,166)

59

(5,107) (1,177)

Cash flows with shareholders

(1)

- - -

(511)

500

Net change in financial liabilities of the Automotive segments

1,180

(49) (50) (31)

1,131

-

(207)

924

CASH FLOWS FROM FINANCING ACTIVITIES

15

(35) 557

(511) (329)

293

(253)

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

587

1

11

239

Automotive (excluding AVTOVAZ)

Intra- Automotive transactions

TOTAL AUTOMOTIVE

Sales Financing

Intersegment transactions

CONSOLIDATED TOTAL

(€ million)

AVTOVAZ

2019 CASH AND CASH EQUIVALENTS: OPENING BALANCE Increase (decrease) in cash and cash equivalents Effect of changes in exchange rate and other changes CASH AND CASH EQUIVALENTS: CLOSING BALANCE

11,691

89

(3)

11,777

3,094 (329)

(94)

14,777

587 (47)

(31)

1

557 (36)

11

239 (34)

12 70

(1) (3)

(3)

5

12,231

12,298

2,762

(78)

14,982

348 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019

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