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Consolidated Statement of Cash Flows
€ in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2018
EUR (€)
Dec. 31, 2017
EUR (€)
Dec. 31, 2016
EUR (€)
Consolidated Cash Flows Statement      
Net income / loss (-) € (29,259) € (115,704) € 54,012
Adjustment for non-cash transactions 21,753 48,301 (47,473)
Adjustment for items to disclose separately under operating cash flow (4,389) (1,912) (1,332)
Adjustment for items to disclose under investing and financing cash flows (668)   (14)
Change in working capital other than deferred income 19,922 (12,862) (10,851)
Decrease (-) / increase in deferred income (153,312) (65,722) 245,806
Cash generated / used (-) in operations (145,953) (147,899) 240,148
Interest paid (1,063) (273) (47)
Interest received 4,558 1,341 1,066
Income taxes paid (8) (199) (1,763)
Net cash flows generated/used (-) in operating activities (142,466) (147,030) 239,403
Purchase of property, plant and equipment (10,392) (5,312) (4,458)
Purchase of and expenditure in intangible fixed assets (3,325) (2,125) (332)
Proceeds from disposal of intangible assets 1   18
Proceeds from disposal of property, plant and equipment   7  
Decrease in restricted cash   6,510 235
Acquisition of financial assets held at fair value through profit or loss (4,559)   (2,750)
Proceeds from sale of financial assets held at fair value through profit or loss 2,361 372  
Net cash flows used in investing activities (15,914) (549) (7,287)
Repayment of obligations under finance leases and other debts (5) (65) (49)
Proceeds from capital and share premium increases, gross amount 296,188 363,924 392,121
Issue cost paid, related to capital and share premium increases (15,964) (15,790) (337)
Proceeds from capital and share premium increases from exercise of warrants 7,657 5,288 4,261
Net cash flows generated in financing activities 287,876 353,357 395,996
Increase in cash and cash equivalents 129,497 205,779 628,112
Cash and cash equivalents at beginning of year 1,151,211 973,241 340,314
Effect of exchange rate differences on cash and cash equivalents 10,089 (27,808) 4,816
Cash and cash equivalents at end of year € 1,290,796 € 1,151,211 € 973,241