technicolor - 2019 Universal registration document

6 FINANCIAL STATEMENTS GENERAL INFORMATION

CASH FLOW STATEMENT COMPARATIVE TABLE AS OF DECEMBER 31, 2019, WITH ANDWITHOUT IFRS 16 APPLICATION

December 31, 2019 Excluding IFRS 16

IFRS 16 impact

December 31, 2019

(in million euros)

Net income (loss)

(230)

(217)

(13)

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

(22)

(21)

-

(208)

(195)

(13)

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

322

249

73

Impairment of assets

63

62

1

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

(48)

(51)

3

17

17

-

69

49

20

Other non-cash items (including tax)

-

-

- -

Changes in working capital and other assets and liabilities

(69) 146 (21) (44)

(69)

Cash generated from continuing activities

62 (1)

84

Interest paid on lease debt

(20)

(44)

- - -

Interest paid

Interest received Income tax paid

1

1

(12)

(12)

NET OPERATING CASH GENERATED FROM CONTINUING ACTIVITIES (I)

70

6

64

of subsidiaries, associates and investments, net of cash

acquired

(3)

(3)

- - - - - - 1 -

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

1

1

(70)

(70)

-

-

(99)

(99)

(6)

(6)

5

4

Loans (granted to)/reimbursed by third parties NET INVESTING CASH USED IN CONTINUING ACTIVITIES (II)

-

-

(171)

(172)

1

of treasury shares

1 1

1 1

- -

Proceeds from borrowings Repayments of lease debt Repayments of borrowings

(91)

(26)

(66)

(5) (1)

(5) (1)

- - - -

Fees paid linked to the debt and capital operations Dividends and distributions paid to Group’s shareholders

-

-

Other

4

4

NET FINANCING CASH USED IN CONTINUING ACTIVITIES (III)

(91) (33)

(26) (33)

(66)

NET CASH FROM DISCONTINUED ACTIVITIES (IV)

-

CASH AND CASH EQUIVALENTS AT THE BEGINING OF THE YEAR

291

291

Net decrease in cash and cash equivalents (I + II + III + IV) Exchange gains/(losses) on cash and cash equivalents

(226)

(226)

-

-

CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR

65

65

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019 208