Consolidated Statement of Cash Flows
| CONSOLIDATED STATEMENT OF CASH FLOWS | |||||
|---|---|---|---|---|---|
| IN EUR M | Notes | Dec 31, 2016 | Dec 31, 2015 | ||
| 1. | Net income for the period | 120.5 | 121.5 | ||
| 2. | + | Non-cash expenses from share-based payments | (20.) | 19.9 | 17.9 |
| 3. | – | Cash paid for settlement of claims from share-based payments | (20.) | 0.0 | –2.3 |
| 4. | + | Depreciation of property, plant and equipment and amortization of intangible assets | (11.), (12.) | 48.2 | 34.2 |
| 5. | +/– | Income taxes | (8.) | 72.5 | –34.9 |
| 6. | – | Income taxes paid, less refunds | –33.8 | 0.0 | |
| 7. | +/– | Increase/decrease in provisions | (21.) | 0.1 | –0.5 |
| 8. | –/+ | Other non-cash income/expenses | 1.2 | –1.0 | |
| 9. | +/– | Decrease/increase in inventories | (15.) | –83.4 | –145.2 |
| 10. | +/– | Decrease/increase in trade and other receivables | (16.) | –64.0 | –9.0 |
| 11. | +/– | Increase/decrease in trade payables and similar liabilities | (23.) | 264.3 | 154.9 |
| 12. | +/– | Increase/decrease in other assets/liabilities | –69.7 | –16.2 | |
| 13. | = | Cash flow from operating activities | (26.) | 275.8 | 119.4 |
| 14. | – | Cash paid for investments in property, plant and equipment | (12.) | –122.1 | –31.0 |
| 15. | – | Cash paid for investments in intangible assets | (11.) | –59.6 | –29.0 |
| 16. | – | Cash paid for acquisitions of shares in associated companies and acquisition of companies and prepayments for such acquisitions | (11.), (14.) | –30.4 | –16.8 |
| 17. | +/– | Cash paid for investments in term deposits | (17.) | –65.0 | –155.0 |
| 18. | +/– | Change in restricted cash | (13.) | 0.0 | 35.3 |
| 19. | = | Cash flow from investing activities | (26.) | –277.1 | –196.5 |
| 20. | + | Cash received from capital increases by the shareholders less transaction costs | (19.) | 1.1 | 6.4 |
| 21. | Repurchase of treasury shares | (19.) | –0.7 | –1.7 | |
| 22. | + | Cash received from loans | (25.) | 0.0 | 0.0 |
| 23. | – | Cash repayments of loans | (25.) | –3.2 | –3.2 |
| 24. | = | Cash flow from financing activities | –2.9 | 1.5 | |
| 25. | = | Net change in cash and cash equivalents from cash relevant transactions | –4.1 | –75.7 | |
| 26. | +/– | Change in cash and cash equivalents due to exchange rate movements | 0.5 | 0.9 | |
| 27. | + | Cash and cash equivalents at the beginning of the period | 976.2 | 1,051.0 | |
| 28. | = | Cash and cash equivalents as of Dec 31 | 972.6 | 976.2 | |
Interest paid and received included in cash flow from operating activities:
| CASH-RELEVANT INTERESTS | ||
|---|---|---|
| IN EUR M | Jan 1 – Dec 31, 2016 | Jan 1 – Dec 31, 2015 |
| Interest paid | –4.0 | –6.3 |
| Interest received | 0.0 | 0.7 |
| Total | –4.0 | –5.6 |
The calculation below shows the calculation of the free cash flow based on cash flow from operating activities.
| FREE CASH FLOW | ||
|---|---|---|
| IN EUR M | Jan 1 – Dec 31, 2016 | Jan 1 – Dec 31, 2015 |
| Cash flow from operating activities | 275.8 | 119.4 |
| Cash paid for investments in property, plant and equipment | –122.1 | –31.0 |
| Cash paid for investments in intangible assets | –59.6 | –29.0 |
| Cash paid for acquisitions of shares in associated companies and acquisition of companies and prepayments for such acquisitions | –30.4 | –16.8 |
| Free cash flow | 63.7 | 42.6 |