XML 51 R9.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Profit / (loss) for the period € 10,292.5 € 15.2 € (179.2)
Income taxes 4,753.9 (161.0) (0.2)
Profit / (loss) before tax 15,046.4 (145.8) (179.4)
Adjustments to reconcile profit / (loss) before tax to net cash flows:      
Depreciation and amortization of property, plant, equipment, intangible assets and right-of-use assets 75.2 38.7 33.9
Share-based payment expense 80.5 32.1 30.2
Net foreign exchange differences (387.5) 41.3 0.1
Gain on disposal of property, plant and equipment 4.6 0.6 0.5
Finance income (1.5) (1.6) (1.8)
Finance expense 305.2 22.3 2.0
Movements in government grants (89.0) 92.0 0.0
Other non-cash income (2.2) 1.7 0.0
Net loss on derivative instruments at fair value through profit or loss 57.3 0.0 0.0
Working capital adjustments:      
Decrease / (Increase) in trade and other receivables, contract assets and other assets (11,808.1) (247.9) 2.9
Increase in inventories (438.4) (49.8) (5.8)
(Decrease) / Increase in trade payables, other financial liabilities, other liabilities, contract liabilities, refund liabilities and provisions 1,516.1 204.6 (80.6)
Interest received 1.2 1.4 1.3
Interest paid (12.2) (3.6) (2.0)
Income tax received / (paid), net (3,457.9) 0.5 0.2
Net cash flows from / (used in) operating activities 889.7 (13.5) (198.5)
Investing activities      
Purchase of property, plant and equipment (127.5) (66.0) (38.6)
Proceeds from sale of property, plant and equipment 3.4 1.2 0.0
Purchase of intangibles assets and right-of-use assets (26.5) (19.4) (32.5)
Acquisition of subsidiaries and businesses, net of cash acquired (20.8) (60.6) (6.1)
Investment into equity instruments designated at fair value through OCI (19.5) 0.0 0.0
Investment into cash deposit with an original term of six months (375.2) 0.0 0.0
Net cash flows used in investing activities (566.1) (144.8) (77.2)
Financing activities      
Proceeds from issuance of share capital and treasury shares, net of costs 160.9 753.0 375.4
Proceeds from loans and borrowings 0.0 156.0 11.0
Repayment of loans and borrowings (52.6) (1.6) 0.0
Payments related to lease liabilities (14.1) (12.7) (3.1)
Net cash flows from / (used in) financing activities 94.2 894.7 383.3
Net increase / (decrease) in cash and cash equivalents 417.8 736.4 107.6
Change in cash and cash equivalents resulting from exchange rate differences 64.7 (45.3) 0.0
Cash and cash equivalents at the beginning of the period 1,210.2 519.1 411.5
Cash and cash equivalents at December 31 € 1,692.7 € 1,210.2 € 519.1