Page 217 - 2012 Annual Report

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VIVENDI l 2012 l Annual Report
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE
CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS –
STATUTORY FINANCIAL STATEMENTS 4
4
III - CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012
CONSOLIDATED STATEMENT OF CASH FLOWS
CONSOLIDATED STATEMENT OF CASH FLOWS
(in millions of euros) Note
Year ended December 31,
2012 2011
Operating activities
EBIT 3 2,878 5,682
Adjustments 24.1 5,199 2,590
Content investments, net (299) (13)
Gross cash provided by operating activities before income tax paid 7,778 8,259
Other changes in net working capital 16 90 (307)
Net cash provided by operating activities before income tax paid 7,868 7,952
Income tax paid, net 6.3 (762) (1,090)
Net cash provided by operating activities 7,106 6,862
Investing activities
Capital expenditures 3 (4,516) (3,367)
Purchases of consolidated companies, after acquired cash 2 (1,374) (210)
Investments in equity affiliates 14 (322) (49)
Increase in financial assets 15 (99) (377)
Investments (6,311) (4,003)
Proceeds from sales of property, plant, equipment and intangible assets 3 26 27
Proceeds from sales of consolidated companies, after divested cash 13 30
Disposal of equity affiliates 14 11 2,920
Decrease in financial assets 4 215 1,751
Divestitures 265 4,728
Dividends received from equity affiliates 3 79
Dividends received from unconsolidated companies 1 3
Net cash provided by/(used for) investing activities (6,042) 807
Financing activities
Net proceeds from issuance of common shares in connection with Vivendi SA’s share-based compensation plans 21 131 151
Sales/(purchases) of Vivendi SA’s treasury shares (18) (37)
Dividends paid by Vivendi SA to its shareowners 18 (1,245) (1,731)
Other transactions with shareowners (229) (7,909)
Dividends paid by consolidated companies to their non-controlling interests 18 (483) (1,154)
Transactions with shareowners (1,844) (10,680)
Setting up of long-term borrowings and increase in other long-term financial liabilities 22 5,859 6,045
Principal payment on long-term borrowings and decrease in other long-term financial liabilities 22 (4,217) (452)
Principal payment on short-term borrowings 22 (2,615) (2,451)
Other changes in short-term borrowings and other financial liabilities 22 3,056 597
Interest paid, net 5 (568) (481)
Other cash items related to financial activities (98) (239)
Transactions on borrowings and other financial liabilities 1,417 3,019
Net cash provided by/(used for) financing activities (427) (7,661)
Foreign currency translation adjustments (47) (14)
Change in cash and cash equivalents 590 (6)
Cash and cash equivalents
At beginning of the period 17 3,304 3,310
At end of the period 17 3,894 3,304
The accompanying notes are an integral part of the Consolidated Financial Statements.