technicolor - 2020 Universal Registration Document

6 FINANCIAL STATEMENTS

TECHNICOLOR 2020 CONSOLIDATED FINANCIAL STATEMENTS

Consolidated statement of cash flows 6.1.4

December 31, 2020

Note

2019 (230)

(in million euros)

Net income (loss)

(207)

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

(15)

(22)

(193)

(208)

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

263

322

Impairment of assets

88 16

63

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

(48)

(14)

17

(8.5)

78

69

(158)

- -

Other items (including tax)

(2)

Changes in working capital and other assets and liabilities

(101) (22)

(69) 146 (21) (44)

Cash generated from continuing activities

Interest paid on lease debt

(19) (32)

Interest paid

Interest received Income tax paid

3

1

(12) (81)

(12)

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

70 (3)

(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

7

1

(33)

(70)

-

-

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)

(75) (35)

(99)

(6)

1

5

(138)

(171)

Disposal of treasury shares

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

-

1 - 1

Increase of Capital

60

Proceeds from borrowings Repayments of lease debt Repayments of borrowings

760 (85)

(91)

(158) (60)

(5) (1)

Fees paid in relation to financing operations

Other

5

4

NET FINANCING CASH USED IN CONTINUING ACTIVITIES (III)

522 (23)

(91) (33) 291

NET CASH FROM DISCONTINUED ACTIVITIES (IV)

(12.1)

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

65

280 (16) 330

(226)

Exchange gains/(losses) on cash and cash equivalents Cash and cash equivalents at the end of the year

-

65

The accompanying notes on pages 206 to 270 are an integral part of these consolidated financial statements.

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2020 204