Quarterly summary statement of cash flows 2014

Excel

(€ in thousands, quarterly data unaudited)

Q1 2014

Q2 2014

Q3 2014

Q4 2014

FY 2014

Operating result

1,511

10,232

7,843

1,528

21,114

Financial gains / (losses)

380

–34

150

–2,452

–1,956

Depreciation and amortisation

28,184

26,673

33,158

26,696

114,711

Change in provisions

5,599

–184

–5,212

–3,905

–3,702

Equity-settled stock compensation expense

938

447

1,463

1,278

4,126

Change in working capital:

Change in inventories

–3,156

5,578

–13,570

7,599

–3,549

Change in receivables and prepayments

11,192

–38,045

11,687

3,574

–11,592

Change in current liabilities (excluding provisions)1

–57,368

33,703

35,443

3,790

15,568

CASH GENERATED FROM OPERATIONS

–12,720

38,370

70,962

38,108

134,720

Interest received

103

1,061

145

158

1,467

Interest paid

–895

–824

–628

–1,470

–3,817

Corporate income taxes (paid) / received

–1,127

–5,364

–2,834

–4,416

–13,741

CASH FLOWS FROM OPERATING ACTIVITIES

–14,639

33,243

67,645

32,380

118,629

Investing in intangible assets

–20,396

–16,757

–17,019

–18,528

–72,700

Investments in property, plant and equipment

–3,482

–3,767

–4,723

–4,592

–16,564

Acquisitions of subsidiaries and other businesses

0

–6,504

0

–10,776

–17,280

Divident received

0

0

0

58

58

CASH FLOWS FROM INVESTING ACTIVITIES

–23,878

–27,028

–21,742

–33,838

–106,486

Repayment of borrowings

0

0

0

–175,000

–175,000

Amount utilised from credit facility

0

0

0

50,000

50,000

Dividends paid

0

0

0

–177

–177

Proceeds on issue of ordinary shares

52

399

5,366

977

6,794

CASH FLOWS FROM FINANCING ACTIVITIES

52

399

5,366

–124,200

–118,383

NET (DECREASE) / INCREASE IN CASH AND CASH EQUIVALENTS

–38,465

6,614

51,269

–125,658

–106,240

Cash and cash equivalents at the beginning of period

257,785

219,279

226,324

278,621

257,785

Effect of exchange rate changes on cash balances held in foreign currencies

–41

431

1,028

–14

1,404

CASH AND CASH EQUIVALENTS AT THE END OF PERIOD

219,279

226,324

278,621

152,949

152,949

  1. Includes movements in the non-current portion of deferred revenue presented under Non-current liabilities.