Consolidated statements of cash flows
(in € thousands) | Q3 '12 | Q3 '11 | YTD’12 | YTD’11 | |||||
Operating result | 31,823 | 40,736 | 45,611 | -435,086 | |||||
Financial (losses)/gains | -134 | -2,335 | 3,442 | -3,231 | |||||
Depreciation and amortisation | 26,577 | 27,684 | 82,142 | 82,099 | |||||
Impairment charge | 0 | 0 | 0 | 511,936 | |||||
Change in provisions | -6,615 | -896 | -8,500 | -3,579 | |||||
Equity-settled stock compensation expenses | 1,281 | 2,124 | 4,490 | 6,930 | |||||
Changes in working capital: | |||||||||
Change in inventories | 3,116 | 26,820 | 958 | 18,232 | |||||
Change in receivables and prepayments | -11,074 | -17,441 | 14,602 | 82,200 | |||||
Change in current liabilities (excl. provisions) | 8,009 | -1,621 | -54,458 | -202,026 | |||||
Cash generated from operations | 52,983 | 75,071 | 88,287 | 57,475 | |||||
Interest received | 433 | 450 | 983 | 1,336 | |||||
Interest paid | -1,715 | -4,516 | -6,442 | -14,462 | |||||
Corporate income taxes paid | -1,466 | -1,265 | -6,781 | -4,337 | |||||
Net cash flow from operating activities | 50,235 | 69,740 | 76,047 | 40,012 | |||||
Investments in intangible assets | -10,843 | -15,490 | -31,915 | -48,407 | |||||
Investments in property, plant and equipment | -1,779 | -4,334 | -5,792 | -13,130 | |||||
Dividend received | 0 | 0 | 1,447 | 0 | |||||
Total cash flow used in investing activities | -12,622 | -19,824 | -36,260 | -61,537 | |||||
Repayments of borrowings | -50,000 | -100,000 | -98,000 | -100,000 | |||||
Acquisition of non-controlling interests¹ | 0 | -239 | 0 | -239 | |||||
Proceeds on issue of ordinary shares | 0 | 0 | 0 | 724 | |||||
Total cash flow from financing activities | -50,000 | -100,239 | -98,000 | -99,515 | |||||
Net increase in cash and cash equivalents | -12,387 | -50,323 | -58,213 | -121,040 | |||||
Cash and cash equivalents at beginning of period | 148,910 | 232,235 | 193,579 | 305,600 | |||||
Exchange rate effect on cash balances held in foreign currencies | 5 | 401 | 1,162 | -2,247 | |||||
Cash and cash equivalents at end of period | 136,528 | 182,313 | 136,528 | 182,313 |