TomTom Reports First Quarter 2014 Results
Consolidated condensed statements of cash flows
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(€ in thousands)
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Q1 '14
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|
Q1 '13
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|
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|
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|
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|
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Operating result
|
|
|
|
1,511
|
|
|
|
48
|
|
Financial gains/(losses)
|
|
|
|
380
|
|
|
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-2,643
|
|
Depreciation and amortisation
|
|
|
|
28,184
|
|
|
|
28,708
|
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Change in provisions
|
|
|
|
5,599
|
|
|
|
-2,024
|
|
Equity-settled stock compensation expenses
|
|
|
|
938
|
|
|
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1,442
|
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Changes in working capital:
|
|
|
|
|
|
|
|
|
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Change in inventories
|
|
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-3,156
|
|
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-7,502
|
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Change in receivables and prepayments
|
|
|
|
11,192
|
|
|
|
33,937
|
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Change in liabilities (excluding provisions) 6
|
|
|
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-57,368
|
|
|
|
-24,902
|
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Cash generated from operations
|
|
|
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-12,720
|
|
|
|
27,064
|
|
|
|
|
|
|
|
|
|
|
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Interest received
|
|
|
|
103
|
|
|
|
382
|
|
Interest paid
|
|
|
|
-895
|
|
|
|
-871
|
|
Corporate income taxes (paid)/received
|
|
|
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-1,127
|
|
|
|
65,648
|
|
Cash flows from operating activities
|
|
|
|
-14,639
|
|
|
|
92,223
|
|
|
|
|
|
|
|
|
|
|
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Investments in intangible assets
|
|
|
|
-20,396
|
|
|
|
-17,700
|
|
Investments in property, plant and equipment
|
|
|
|
-3,482
|
|
|
|
-3,588
|
|
Dividend received
|
|
|
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0
|
|
|
|
499
|
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Cash flows from investing activities
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|
|
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-23,878
|
|
|
|
-20,789
|
|
|
|
|
|
|
|
|
|
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Repayment of borrowings
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|
|
|
0
|
|
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-75,000
|
|
Dividends paid
|
|
|
|
0
|
|
|
|
-204
|
|
Proceeds on issue of ordinary shares
|
|
|
|
52
|
|
|
|
0
|
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Cash flows from financing activities
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|
|
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52
|
|
|
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-75,204
|
|
|
|
|
|
|
|
|
|
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Net (decrease) in cash and cash equivalents
|
|
|
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-38,465
|
|
|
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-3,770
|
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Cash and cash equivalents at beginning of period
|
|
|
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257,785
|
|
|
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164,459
|
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Exchange rate changes on cash balances held in foreign currencies
|
|
|
|
-41
|
|
|
|
266
|
|
Cash and cash equivalents at end of period
|
|
|
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219,279
|
|
|
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160,955
|
|
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