Universal Registration Document 2021

6 FINANCIAL STATEMENTS

TECHNICOLOR 2021 CONSOLIDATED FINANCIAL STATEMENTS

Consolidated statement of cash flows 6.1.4

December 31, 2021

Note

2020*

(in million euros)

Net loss

(140)

(211)

Loss from discontinuing activities Loss from continuing activities

(19)

(15)

(121)

(196)

Summary adjustments to reconcile loss from continuing activities to cash generated from (used in) continuing operations Depreciation and amortization

222

261

Impairment of assets

1

88 16

Net changes in provisions Loss on asset disposals Interest (income) and expense Net gain on financial restructuring

(53) (29) 126

(14)

(3.4)

78

-

(158)

Other items (including tax)

29

(2)

Changes in working capital and other assets and liabilities Cash generated from (used in) continuing activities

(81)

(101) (26) (19) (32)

93

Interest paid on lease debt

(15) (49)

Interest paid

Interest received Income tax paid

-

3

(16)

(12)

NET OPERATING CASH GENERATED FROM (USED IN) CONTINUING ACTIVITIES (I)

14

(86)

Acquisition of subsidiaries, associates and investments, net of cash acquired

(11.1) (11.1)

-

(3)

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

27

7

(45)

(33)

2

-

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 NET INVESTING CASH USED IN CONTINUING ACTIVITIES (II)

(52) (10)

(71) (35)

12

1

(67)

(133)

Increase of Capital

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

- -

60

Proceeds from borrowings Repayments of lease debt Repayments of borrowings

760 (85)

(62)

(1) (2) (4)

(158) (60)

Fees paid in relation to financing operations

Other

5

NET FINANCING CASH GENERATED FROM (USED IN) CONTINUING ACTIVITIES (III)

(68) (29) 330

522 (23)

(12.1)

NET CASH USED IN DISCONTINUED ACTIVITIES (IV)

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR Net increase (decrease) in cash and cash equivalents (I+II+III+IV)

65

(149)

280 (16)

Exchange gains / (losses) on cash and cash equivalents

16

CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 330 2020 amounts restated considering IFRS IC decision dated April 2021, addressing how costs of configuring and customising a software in a Saas arrangement should be * accounted for – refer to note 1.2.2. 196

The accompanying notes on pages 218 to 282 are an integral part of these consolidated financial statements.

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2021 216