PSA_GROUP_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2017 Consolidated Statements of cash flows

CONSOLIDATED STATEMENTS OF CASH 5.4. FLOWS

2017

Manufacturing and sales companies

Finance companies

Elimi- nations Total

Notes

(in million euros)

Consolidated profit (loss) from continuing operations

2,132

233

- 2,365

Other expenses related to the non-transferred financing of operations to be continued in partnership

-

-

-

-

Adjustments for non-cash items: depreciation, amortisation and impairment >

16.2

2,667

13

- 2,680

provisions >

225 137

(5) (3) (5)

- -

220 134

changes in deferred tax >

(gains) losses on disposals and other >

(134)

- (139)

Share in net (earnings) losses of companies at equity, net of dividends received Revaluation adjustments taken to equity and hedges of debt

240 (88)

152

- - -

28

- -

28

Change in carrying amount of leased vehicles

(90)

(90)

Funds from operations Changes in working capital

5,205

145

- 5,350

6.4.A

8 (82)

1

(73)

Net cash from (used in) operating activities of continuing operations (1) Proceeds from disposals of shares in consolidated companies and of investments in non-consolidated companies Capital increase and acquisitions of consolidated companies and equity interests Proceeds from disposals of property, plant and equipment and of intangible assets

5,213

63

1 5,277

-

85

81

4

16.3

(840)

(525)

270 (1,095)

323

- -

-

323

Investments in property, plant and equipment (2)

8.2.B 8.1.B

(2,351) (1,753) (239)

- (2,351) - (1,769) - (239)

Investments in intangible assets (3)

(16)

Change in amounts payable on fixed assets

-

Other

66

2

-

68

Net cash from (used in) investing activities of continuing operations

(4,713)

(535)

270 (4,978)

Dividends paid: to Peugeot S.A. shareholders >

(431)

- -

- (431)

intragroup >

-

-

-

net amounts received from (paid to) operations to be continued > in partnership

-

-

-

-

to minority shareholders of subsidiaries > Proceeds from issuance of shares (Purchases) sales of treasury shares Changes in other financial assets and liabilities

(129)

(6)

- (135)

305

270 (270)

305

(137)

- - -

-

(137)

12.3.B

43

(1)

42

Other

2

-

2

Net cash from (used in) financing activities of continuing operations Net cash related to the non-transferred debt of finance companies to be continued in partnership (4) Net cash from the transferred assets and liabilities of operations held for sale or to be continued in partnership (4) Increase (decrease) in cash from continuing operations and held for sale or to be continued in partnership Net cash and cash equivalents at beginning of period NET CASH AND CASH EQUIVALENTS AT END OF PERIOD Effect of changes in exchange rates

(347)

264 (271) (354)

-

-

-

-

(7)

-

- -

(7)

(119)

(2)

(121)

- (183)

27 (210)

11,464 530 (8) 11,986

11,491

320 (8) 11,803

16.1

Excluding flows related to the non-transferred debt of finance companies to be continued in partnership. (1) Of which for the manufacturing and sales activities, €743 million for the Automotive Equipment segment and €1,462 million for the Peugeot (2) Citroën DS Automotive segment. Of which for the manufacturing and sales activities, €134 million for the Peugeot Citroën DS Automotive segment, excluding research and (3) development. Details of cash flows from operations to be continued in partnership are disclosed in Note 16.5. (4)

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GROUPE PSA - 2017 REGISTRATION DOCUMENT