TECHNICOLOR_REGISTRATION_DOCUMENT_2017

6 - FINANCIAL STATEMENTS Technicolor 2017 consolidated financial statements

CONSOLIDATED STATEMENT OF CASH FLOWS

6.1.4

December 31

Note

2017 (173)

2016*

(in million euros)

Net income (loss)

(26)

Income (loss) from discontinuing activities Profit (loss) from continuing activities

46

80

(219)

(106)

Summary adjustments to reconcile profit from continuing activities to cash generated from continuing operations Depreciation and amortization

240

223

Impairment of assets

9

14

Net changes in provisions Gain (loss) on asset disposals Interest (income) and expense

(37)

(25) (18)

(1) 43

(8.4)

81 91 56

Other non-cash items (including tax)

155

Changes in working capital and other assets and liabilities

72

Cash generated from continuing activities

262 (46)

316 (74)

Interest paid

Interest received Income tax paid

2

3

(9)

(5)

NET OPERATING CASH GENERATED FROM CONTINUING ACTIVITIES (I) Acquisition of subsidiaries, associates and investments, net of cash acquired

209

240

(11.1) (11.1)

(25)

(21)

Proceeds from sale of investments, net of cash Purchases of property, plant and equipment (PPE) Proceeds from sale of PPE and intangible assets

11

52

(52)

(68)

1

1

Purchases of intangible assets including capitalization of development costs Cash collateral and security deposits granted to third parties Cash collateral and security deposits reimbursed by third parties

(95)

(85)

(1)

(4)

9

8

Loans (granted to) / reimbursed by third parties

1

-

NET INVESTING CASH USED IN CONTINUING ACTIVITIES (II)

(151)

(117)

(11.2) (11.2) (11.2) (11.2)

Increase of Capital

1

15

Proceeds from borrowings Repayments of borrowings Fees paid linked to the debt

646

450

(612)

(775)

(7)

(10) (25)

Dividends and distributions paid to Group's shareholders

(25) (31)

Other

14

NET FINANCING CASH USED IN CONTINUING ACTIVITIES (III)

(28) (43)

(331)

(12.2)

NET CASH FROM DISCONTINUED ACTIVITIES (IV)

168 385 (40)

CASH AND CASH EQUIVALENTS AT THE BEGINING OF THE YEAR

371 (13) (39) 319

Net decrease in cash and cash equivalents (I+II+III+IV) Exchange gains / (losses) on cash and cash equivalents Cash and cash equivalents at the end of the year

26

371

2016 amounts are re-presented to reflect the impacts of Discontinued Operations (see note 12) * The accompanying notes on pages 183 to 251 are an integral part of these consolidated financial statements.

180

TECHNICOLOR REGISTRATION DOCUMENT 2017