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CONSOLIDATED STATEMENT OF CASH FLOWS
€ in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2020
EUR (€)
Dec. 31, 2019
EUR (€)
Dec. 31, 2018
EUR (€)
CONSOLIDATED STATEMENT OF CASH FLOWS      
Loss before Income tax € (158,343) € (226,490) € (169,494)
Depreciation and amortization of tangible and intangible assets 8,133 7,906 2,166
Impairment losses on loans, receivables and other assets 4,405 5,877 4,436
Impairment losses on obsolete inventories 471 275 288
Share-based payment expense 21,647 37,267 17,409
Net (gain)/loss from disposal of tangible and intangible assets (17) (149) 52
Impairment losses on investment in subsidiaries   28  
Change in provision for other liabilities and charges 5,455 6,780 5,324
Lease modification (income)/expense (57)    
Interest (income)/expenses 613 (682) (17)
Net foreign exchange (gain)/loss 10,617 (1,034) (620)
(Increase)/Decrease in trade and other receivables, prepaid expenses and other tax receivables 5,356 (15,443) (717)
(Increase)/Decrease in inventories 1,758 (509) (636)
Increase/(Decrease) in trade and other payables, deferred income and other tax payables 2,587 4,880 4,606
Income taxes paid (1,097) (1,294) (1,809)
Net cash flows used in operating activities (98,472) (182,588) (139,012)
Cash flows from investing activities      
Purchase of property and equipment (1,997) (5,658) (3,508)
Proceeds from sale of property and equipment 21 51 20
Purchase of intangible assets (520) (109) (27)
Proceeds from sale of intangible assets   224 219
Payment for acquisition of subsidiary, net of cash acquired   7  
Interest received 773 795  
Movement in other non-current assets 49 (295) (337)
Movement in term deposits and other current assets 61,718 (62,716)  
Net cash flows (used in)/from investing activities 60,044 (67,701) (3,633)
Cash flows from financing activities      
Repayment of borrowings   (9) (2,244)
Interest settled - financing (34) (22) (142)
Payment of lease interest (1,332) (1,176)  
Repayment of lease liabilities (3,999) (3,769)  
Equity transaction costs (11,193) (7,357)  
Capital Contributions 203,006 329,161 215,985
Proceeds from exercise of stock option 680    
Buy back of stock from non-controlling interests     (350)
Net cash flows from financing activities 187,128 316,828 213,249
Net increase in cash and cash equivalents 148,700 66,539 70,604
Effect of exchange rate changes on cash and cash equivalents (13,820) 2,847 303
Cash and cash equivalents at the beginning of the period 170,021 100,635 29,728
Cash and cash equivalents at the end of the period € 304,901 € 170,021 € 100,635