Plastic Omnium // 2021 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS 2021 Consolidated financial statements at December 31, 2021

5.2.5

STATEMENT OF CASH-FLOWS

Notes

2021

2020

In thousands of euros

I - CASH-FLOWS FROM OPERATING ACTIVITIES Net profit (loss)

3.1.1

135,578

(253,051)

Dividends received from associates and joint ventures

31,553

35,473

Non-cash items

522,348

776,941

Share of profit (loss) of associates and joint ventures

4.5

(42,803)

(29,101)

Stock option plan expense

5.2.3

1,970

1,408

Other adjustments

(4,382)

4,676

Depreciation and provisions for impairment of property, plant and equipment

287,134

472,593

Amortization and provisions for impairment of intangible assets

183,331

288,313

Changes in provisions

(20,207)

12,861

Net (gains)/losses on disposals of non-current assets

9,852

584

Operating grants recognized in the income statement

(1,427)

(825)

Current and deferred taxes

4.8.1

60,263

(31,002)

Cost of net debt

48,617

57,434

CASH GENERATED BY OPERATIONS (BEFORE COST OF NET DEBT AND TAX) (A)

689,479

559,363

Change in inventories and work-in-progress – net

40,718

52,740

Change in trade receivables – net

125,485

(10,329)

5

Change in trade payables

(170,872)

(43,988)

Change in other operating assets and liabilities – net

(66,805)

(43,510)

CHANGE IN WORKING CAPITAL REQUIREMENTS (B)

(71,474)

(45,088)

TAXES PAID (C)

(30,676)

(39,676)

Interest paid

(44,815)

(70,603)

Interest received

2,406

4,010

NET FINANCIAL INTEREST PAID (D)

(42,409)

(66,593)

NET CASH GENERATED BY OPERATING ACTIVITIES (A+B+C+D)

544,920

408,006

II – CASH-FLOWS FROM INVESTING ACTIVITIES Acquisitions of property, plant and equipment

3.1.3

(160,101)

(217,654)

Acquisitions of intangible assets

3.1.3

(145,195)

(143,018)

Disposals of property, plant and equipment

7,245

2,651

Disposals of intangible assets

946

1,046

Net change in advances to suppliers of fixed assets

(2,322)

(20,028)

Investment grants received

5,497

2,758

NET CASH USED IN OPERATIONS-RELATED INVESTING ACTIVITIES (E)

(293,930)

(374,245)

FREE CASH-FLOW (A + B + C + D + E)

250,990

33,761

211

PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2021