NATIXIS_REGISTRATION_DOCUMENT_2017
FINANCIAL DATA Consolidated financial statements and notes
12.31.2017
12.31.2016
(in millions of euros)
Pre-tax profit
2,651
2,287
+/- Net charge to depreciation and amortization of property, plant and equipment and intangible assets
320
304
+/- Writedown of goodwill and other non-current assets
(5)
78
+/- Net charge to other provisions (including insurance companies’ technical reserves)
7,536
4,493
+/- Share in income of associates
(26)
(13)
+/- Net loss/(gain) on investing activities
(418)
(481)
+/- Net loss/(gain) on financing activities
87
139
+/- Other activity
(1,939)
(1,123)
= Total non-cash items included in pre-tax profit and other adjustments
5,556
3,398
+/- Decrease/(increase) in interbank and money market items
(1,958)
7,266
+/- Decrease/(increase) in customer items
14,212
(706)
+/- Decrease/(increase) in financial assets or liabilities
(18,739)
(203)
+/- Decrease/(increase) in non-financial assets or liabilities
(5,551)
1,662
- Income taxes paid
(213)
(488)
= Net decrease/(increase) in operating assets and liabilities
(12,249)
7,531
Net cash provided/(used) by operating activities
(4,042)
13,216
+/- Decrease/(increase) in financial assets and equity interests (a)
200
196
+/- Decrease/(increase) in investment property
50
143
+/- Decrease/(increase) in property, plant and equipment and intangible assets
(324)
(62)
5
Net cash provided/(used) by investing operatoins
(74)
278
+/- Cash received from/(paid to) shareholders (b)
(1,176)
(1,179)
+/- Other cash provided/(used) by financing operations (c)
(127)
(884)
Net cash provided/(used) by financing operations
(1,303)
(2,063)
Cash flow on assets and liabilities held for sale
(1)
(6)
Impact of exchange rate fluctuations on cash and cash equivalents
(1,981)
887
Net increase/(decrease) in cash and cash equivalents
(7,401)
12,312
Net cash provided/(used) by operating activities
(4,042)
13,216
Net cash provided/(used) by investing activities
(74)
278
Net cash provided/(used) by financing activities
(1,303)
(2,063)
Cash flow of assets and liabilities held for sale
(1)
(6)
Impact of exchange rate fluctuations on cash and cash equivalents
(1,981)
887
Cash and cash equivalents at beginning of period
37,969
25,656
Cash and balances with central banks
26,703
21,190
Interbank balances
11,266
4,466
Cash and cash equivalents at end of period
30,568
37,969
Cash and balances with central banks
36,901
26,703
Interbank balances
(6,333)
11,266
CHANGE IN CASH AND CASH EQUIVALENTS
(7,401)
12,312
Decrease/(increase) infinancial assets andinvestments inassociates, including inparticular: (a) cashflows related toheld-to-maturity assets intheamount of+€224million for2017 (versus+€316 million for2016); - cashflows related toinvestments inconsolidated affiliates intheamount of-€460million fromthepurchase of52%ofInvestorsMutual Limited (-€104million), 54%of - Danelys (-€91million), S-Money anditssubsidiary Lakooz (-€39 million), 97%ofBatiLeaseanditssubsidiary InterCoop (-€38million), 79%ofPayPlug (-€21million), 51%of Althelia Ecosphere (-€3million), theacquisition ofanadditional 13.67% ofOssiam (-€5million), thebuyback of40%ofBPCEAssurances fromminority interests (-€272million), +€14million incashacquired (including +€10million fortheconsolidation ofsecuritization vehiclePurpleFinance CLO1and+€4million fortheacquisition ofIML), thedisposal ofEllisphere (+€55million), IJCOFCorporate (+€9million) andIDFC (+€35million), andthepartialexercise oftheputoptiononEuroPrivateEquity (-€1million). cashflows related toinvestments innon-consolidated affiliates intheamount of+€416million, including +€380million forthedisposal ofour15%stake inCACEIS. - Cashflows received from/(paid to)shareholders included ividends paidtoBPCE intheamount of-€780 million anddividends paidtonon-group entities for-€396 million. (b) Cashflows fromfinancing activities canbebroken downasfollows: (c) apositive change inperpetual deeply subordinated notes intheamount of+€621million, partly fromtwonewissuancesubscribed tobyBPCE for$500millioneach,withthe - firstoccurring inthefirstquarter andthesecond inthelastquarter of2017 (equivalent to+€474million and+€423million, respectively), andpartly fromtherepayment inthe finalquarter ofanissuancemeasured atfairvalue in2009when initially recognized inequity intheamount of+€276million; theexpiryofanEMTN issued in2006onJanuary 20, 2017, for-€500million andtherepayment ofa loanfromBPCEonDecember 7, 2017for-€40 million; - interest paidonsubordinated notes for-€115 million; - interest paidondeeply subordinated notes recorded inequity for-€94 million. -
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Natixis Registration Document 2017
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