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Cash position (Tables)
6 Months Ended
Jun. 30, 2020
Cash position  
Summary of reconciliation of operational cash burn

 

 

 

 

 

 

 

 

 

Six months ended June 30,

 

 

2020

 

2019

 

 

(Euro, in thousands)

Increase/decrease (-) in cash and cash equivalents (excluding effect of exchange differences)

 

€

523,222

 

€

(144,740)

Minus:

 

 

 

 

 

 

Net proceeds from capital and share premium increases

 

 

(23,268)

 

 

(7,805)

Net sale of current financial investments

 

 

(730,439)

 

 

 —

Total operational cash burn

 

 

(230,486)

 

€

(152,545)

 

Schedule of cash and cash equivalents

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

    

2020

    

2019

 

 

(Euro, in thousands)

Cash at banks

 

€

1,214,975

 

€

907,939

Term deposits

 

 

1,169,245

 

 

953,677

Total cash and cash equivalents

 

€

2,384,220

 

€

1,861,616