Page 326 - 2012 Annual Report

326 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
IV - VIVENDI SA 2012 STATUTORY FINANCIAL STATEMENTS
2. 2012 STATUTORY FINANCIAL STATEMENTS
III. Statement of Cash Flows
(in millions of euros) 2012 2011
Earnings/(loss) for the year (6,045.0) 1,488.4
Elimination of non-cash income and expenses
Charges to depreciation and amortization 13.6 8.4
Charges to provisions net of (reversals)
Operating (12.5) 7.3
Financial 6,241.9 (739.4)
Exceptional 1,492.1 (1,371.6)
Capital gains 24.5 1,206.8
Other income and charges without cash impact (61.8) 14.2
Operating cash flows before changes in working capital 1,652.8 614.1
Changes in working capital (255.8) 927.9
Net cash provided by operating activities 1,397.0 1,542.0
Capital expenditure (0.8) (0.6)
Purchases of investments in affiliates and securities (2,386.2) (7,950.0)
Increase in loans to subsidiaries and affiliates (61.1) (1,311.8)
Receivables related to the sale of non-current assets and other financial receivables (0.6) 1.3
Proceeds from sales of intangible assets and PP&E - -
Proceeds from sales of investments in affiliates and securities 80.2 5,791.1
Decrease in loans to subsidiaries and affiliates 1,005.8 1,271.9
Increase in deferred charges relating to financial instruments (24.2) (22.2)
Net cash provided by/(used in) investing activities (1,386.9) (2,220.3)
Net proceeds from issuance of shares 132.3 150.9
Dividends paid (1,245.3) (1,730.7)
New long-term borrowings secured 7,053.1 11,613.9
Principal payments on long-term borrowings (6,453.9) (7,558.0)
Increase (decrease) in short-term borrowings 2,834.8 (433.8)
Change in net current accounts (2,338.4) (2,042.3)
Treasury shares (17.3) (36.8)
Net cash provided by/(used in) financing activities (34.7) (36.8)
Change in cash (24.6) (715.1)
Opening net cash (a) 80.6 795.7
Closing net cash (a) 56.0 80.6
(a) Cash and marketable securities net of impairment (excluding treasury shares).