Worldline - 2020 Universal Registration Document

FINANCIALS Non-IFRS financial measures

Free Cash Flow E.9.2

In addition to cash flow calculated in accordance with IFRS, the Group presents the non-IFRS indicators “Operating Cash Flow” and “Free Cash Flow”. These indicators are calculated based on OMDA, which is calculated as described above.

The following table sets forth a reconciliation of OMDA to Cash Flow from Operation, and then from Cash Flow from Operation to Free Cash Flow, for the periods indicated.

12 months ended December 31, 2020

12 months ended December 31, 2019

(In € million)

Operating Margin before Depreciation and Amortization (OMDA)

699.9 -155.3

602.1 -113.9 -41.6 -46.3 400.3

Capital expenditures

Lease expenditures (Lease under IFRS16) Change in working capital requirement

-47.6 46.0

Cash from operation

543.0

Taxes paid

-93.1 -12.1 -10.3

-57.4

Net cost of financial debt paid

-2.8 -5.4 -3.3

Reorganization in other operating income

Rationalization & associated costs in other operating income

-2.2

Integration and acquisition costs Net Long term financial investments

-103.5

-39.6

-1.6

14.9

Other changes* Free Cash Flow

-25.6

-19.2

294.5287.6 “Other changes” include other operating income and expense with cash impact (excluding reorganization, rationalization and * associated costs, integration costs and acquisition costs), and other financial items with cash impact, net long term financial investments excluding acquisitions and disposals.

The following table sets forth a reconciliation of “Cash from operations” calculated on the basis set forth above to “Net cash flow from operating activities” on an IFRS basis.

E

12 months ended December 31, 2020

12 months ended December 31, 2019

(In € million)

Cash from operation Operating Investments ●

543.0

400.3

155.3 47.6 -93.1 -10.3

113.9

Lease expenditures (Lease under IFRS 16) ●

41.6

Income tax paid

-57.4

Reorganization (from other opera ting income and expense)

-5.4 -3.3

Rationalization and associated costs (from other operating income and expense)

-2.2

Integration and acquisition costs Other operating income and expense Other financial income and expense Net cash flow from operating activities

-103.5

-39.6 -11.3 -12.0 426.8

-16.4 -11.5

508.9

Universal Registration Document 2020

333

Made with FlippingBook Ebook Creator