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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - EUR (€)
€ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS (USED IN) / FROM OPERATING ACTIVITIES    
Operating result € (201,397) € (54,467)
Adjustments for non-cash items    
Amortization of intangible assets 55 12
Depreciation of property, plant and equipment 1,492 915
Expense recognized in respect of share-based payments 35,797 17,199
Fair value gains on financial assets at fair value through profit or loss (848)  
Adjustments for non-cash items (164,901) (36,341)
Movements in current assets/liabilities    
(Increase)/decrease in trade and other receivables 17,525 (179)
(Increase)/decrease in inventories (4,977)  
(Increase)/decrease in other current assets (1,957) (5,331)
Increase/(decrease) in trade and other payables 42,768 17,996
Increase/(decrease) in deferred revenue - current (5,044) 38,657
Movements in non-current assets/liabilities    
(Increase)/decrease in other noncurrent assets (2,485) (2,767)
Increase/decrease in deferred revenue - non-current (15,472) 217,143
Cash flows (used in)/from operating activities (134,542) 229,178
Interest paid (142) (47)
Income taxes paid (1,303) (794)
Net cash flows (used in) / from operating activities (135,987) 228,337
CASH FLOWS (USED IN) / FROM INVESTING ACTIVITIES    
Purchase of intangible assets (839) (35,429)
Purchase of property, plant and equipment (672) (678)
(Increase)/decrease in financial assets - current 271,658 (488,534)
Interest received 4,775 1,384
Net cash flows (used in) / from investing activities 274,922 (523,257)
CASH FLOWS (USED IN) / FROM FINANCING ACTIVITIES    
Principal elements of lease payments (1,056) (536)
Proceeds from issue of new shares, gross amount 731,546 176,725
Issue costs paid (551)  
Exchange gain from currency conversion on proceeds from issue of new shares 62  
Proceeds from exercise of stock options 4,554 3,144
Net cash flows from/used in (-) financing activities 734,554 179,333
Increase/decrease (-) in cash and cash equivalents 873,489 (115,587)
Cash and cash equivalents at the beginning of the period 331,282 281,040
Exchange gains/(losses) on cash & cash equivalents (3,327) 2,340
Cash and cash equivalents at the end of the period € 1,201,443 € 167,793