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CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€)
€ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement of cash flows [abstract]      
Cash and cash equivalents at beginning of the year € 793,664 € 647,706 € 457,784
Cash flows from operating activities:      
Profit before taxes 875,364 802,944 746,156
Amortization and depreciation 351,946 288,748 260,606
Provision accruals 14,253 15,573 13,473
Result from investments (3,522) (2,665) (2,437)
Net finance costs 42,082 23,563 29,260
Other non-cash expenses, net 38,563 33,012 43,453
Net gains on disposal of property, plant and equipment and intangible assets 424 (283) (2,585)
Change in inventories (40,627) (4,638) (88,483)
Change in trade receivables (22,377) 26,890 (1,745)
Change in trade payables 53,940 40,317 29,333
Change in receivables from financing activities (76,694) (107,353) (44,123)
Change in other operating assets and liabilities 145,547 (83,013) (72,803)
Finance income received 3,274 2,657 4,402
Finance costs paid (42,600) (13,966) (36,222)
Income tax paid (33,480) (87,745) (215,486)
Total 1,306,093 934,041 662,799
Cash flows used in investing activities:      
Investments in property, plant and equipment (352,154) (300,794) (188,904)
Investments in intangible assets (353,458) (337,542) (202,506)
Proceeds from the sale of property, plant and equipment and intangible assets 4,539 1,392 3,663
Proceeds from exercising the Delta Topco option 0 0 8,307
Total (701,073) (636,944) (379,440)
Cash flows used in financing activities:      
Proceeds from the issuance of bonds and notes 298,316 0 694,172
Repayment of bonds and notes (315,395) 0 0
Net change in bank borrowings (3,516) (3,584) (790,869)
Proceeds from securitizations, net of repayments 92,173 94,709 141,115
Net change in lease liabilities (3,896) 0 0
Net change in other debt 12,322 (7,988) (8,280)
Dividends paid to owners of the parent (192,664) (133,095) 0
Cash distribution of reserves 0 0 (119,985)
Share repurchases (386,749) (100,093) 0
Dividends paid to non-controlling interest (2,120) (2,040) (1,218)
Total (501,529) (152,091) (85,065)
Translation exchange differences 791 952 (8,372)
Total change in cash and cash equivalents 104,282 145,958 189,922
Cash and cash equivalents at end of the year € 897,946 € 793,664 € 647,706