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Section 5 - Treasury and capital resources
Financial Report
| Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
(in millions of euros)
Refer to
section
Year ended December 31, 2014
Impact
on cash
and cash
equivalents
Impact
on borrowings
and other
financial items
Impact
on Financial
Net Debt
Transactions with shareowners
Net proceeds from issuance of common shares in connection with Vivendi SA’s
share-based compensation plans
(197)
-
(197)
of which exercise of stock options by executive management and employees
(197)
-
(197)
(Sales)/purchases of Vivendi SA’s treasury shares
32
-
32
Distribution to Vivendi SA’s shareowners (€1 per share)
1
1,348
-
1,348
Other transactions with shareowners
2
-
2
Dividends paid by consolidated companies to their non-controlling interests
34
-
34
Total transactions with shareowners
1,219
-
1,219
Transactions on borrowings and other financial liabilities
Setting up of long-term borrowings and increase in other long-term financial liabilities
(3)
3
-
Principal payments on long-term borrowings and decrease in other long-term financial liabilities
1,670
(1,670)
-
of which bank credit facilities
1,655
(1,655)
-
Principal payments on short-term borrowings
7,680
(7,680)
-
of which bonds
5,564
(5,564)
-
commercial paper
1,906
(1,906)
-
Other changes in short-term borrowings and other financial liabilities
(140)
140
-
Non-cash transactions
-
(5)
(5)
Interest paid, net
3
96
-
96
Other cash items related to financial activities
3
606
-
606
Total transactions on borrowings and other financial liabilities
9,909
(9,212)
697
Net cash provided by/(used for) financing activities of continuing operations
11,128
(9,212)
1,916
Net cash provided by/(used for) financing activities of discontinued operations
756
(508)
248
Financing activities
11,884
(9,720)
2,164
Foreign currency translation adjustments of continuing operations
(10)
(1)
(11)
Foreign currency translation adjustments of discontinued operations
4
3
7
Reclassification of Financial Net Debt from discontinued operations
203
(293)
(90)
Change in Financial Net Debt
(5,804)
(9,930)
(15,734)
5.4. Changes to financings
p
p
In January 2014, Vivendi redeemed the 7.75% bond issued in
January 2009, for €894 million, upon its contractual maturity.
p
p
On November 27, 2014, following the receipt of cash proceeds from
the sale of SFR, Vivendi cancelled all of its existing bank credit
facilities for €7.1 billion and set up a new €2 billion bank credit
facility, maturing in five years (2019) and with two one-year renewal
options. As of December 31, 2014, this credit facility was undrawn.
p
p
On December 15, 2014, Vivendi redeemed all its euro-denominated
bonds with a make-whole option representing a total principal
amount of €4,250 million and paid a net cash premium of
€572 million.
p
p
On December 29, 2014, Vivendi redeemed all its US dollar-
denominated bonds with a make-whole option representing a
total principal amount of $595 million (€420 million) and paid a net
premium of €70 million.
For a detailed analysis of the borrowings as of December 31, 2014,
please refer to Note 21 to the Consolidated Financial Statements for the
year ended December 31, 2014.
Continued from previous page.
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Annual Report 2014