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Consolidated Cash Flow Statements - EUR (€)
€ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net profit/(loss) for the period € (583,194) € (383,577) € (418,955)
Reversal of finance income (52,181) (59,718) (1,812)
Reversal of finance expenses 50,487 3,911 80,842
Reversal of gain and loss on disposal of property, plant and equipment 22    
Reversal of tax charge 5,377 (367) (219)
Increase/(decrease) in provisions 6,145 1,193  
Adjustments for non-cash items:      
Non-cash consideration relating to revenue (2,547) (2,365) (3,499)
Share of profit/(loss) of associate 17,697 (12,041) 9,524
Share-based payment 64,180 66,830 53,170
Depreciation 17,514 14,946 9,448
Amortization 444 445  
Changes in working capital:      
Inventories (55,268) (75,405)  
Receivables (11,531) (6,659) (1,996)
Prepayments (6,409) (11,238) (6,357)
Contract liabilities (deferred income) 8,648 5,202 (495)
Trade payables, accrued expenses and other payables 45,943 39,186 7,884
Cash flows generated from/(used in) operations (494,673) (419,657) (272,465)
Finance income received 8,271 3,697 1,326
Finance expenses paid (9,294) (1,841) (1,504)
Income taxes received/(paid) (3) 152 1,095
Cash flows from/(used in) operating activities (495,699) (417,649) (271,548)
Investing activities      
Investment in associate   (10,187)  
Acquisition of property, plant and equipment (14,489) (23,704) (19,860)
Reimbursement from acquisition of property, plant and equipment 9,535   5,054
Development expenditures (software)   (530) (1,692)
Purchase of marketable securities (213,842) (226,038) (537,752)
Settlement of marketable securities 280,528 149,880 263,051
Cash flows from/(used in) investing activities 61,732 (110,579) (291,199)
Financing activities      
Payment of principal portion of lease liabilities (6,356) (6,429) (4,774)
Net proceeds from convertible senior notes 503,281    
Proceeds from exercise of warrants 5,153 11,537 26,882
Net proceeds from follow-on public offerings   367,884 580,542
Acquisitions of treasury shares, net of transaction costs (105,305) (21,605)  
Cash flows from/(used in) financing activities 396,773 351,387 602,650
Increase/(decrease) in cash and cash equivalents (37,194) (176,841) 39,903
Cash and cash equivalents at January 1 446,267 584,517 598,106
Effect of exchange rate changes on balances held in foreign currencies 35,694 38,591 (53,492)
Bank deposits 427,810 441,736 581,872
Short-term marketable securities 16,957 4,531 2,645
Cash and cash equivalents at December 31 € 444,767 € 446,267 € 584,517