|
(€ in thousands) |
Q4 '15 Unaudited |
Q4 '14 Unaudited |
FY '15 Audited |
FY '14 Audited |
||||||||
|
Operating result |
203 |
1,528 |
600 |
21,114 |
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|
Financial gains/(losses) |
278 |
-2,452 |
-2,364 |
-1,956 |
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|
Depreciation,amortisation and impairment |
41,536 |
26,696 |
123,096 |
114,711 |
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|
Equity-settled stock compensation expenses |
1,046 |
1,278 |
3,788 |
4,126 |
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|
Change in provisions |
-9,311 |
-3,905 |
-15,386 |
-3,702 |
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|
Changes in working capital: |
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|
Change in inventories |
8,968 |
7,599 |
2,468 |
-3,549 |
||||||||
|
Change in receivables and prepayments |
17,257 |
3,574 |
-18,038 |
-11,592 |
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|
Change in liabilities (excluding provisions) 3 |
-1,645 | 3,790 | 29,115 | 15,568 | ||||||||
| Cash generated from operations | 58,332 | 38,108 | 123,279 | 134,720 | ||||||||
| Interest received | 112 | 158 | 504 | 1,467 | ||||||||
| Interest paid | -57 | -1,470 | -958 | -3,817 | ||||||||
| Corporate income taxes paid | -830 | -4,416 | -4,050 | -13,741 | ||||||||
| Cash flows from operating activities | 57,557 | 32,380 | 118,775 | 118,629 | ||||||||
| Investments in intangible assets | -22,889 | -18,528 | -86,154 | -72,700 | ||||||||
| Investments in property, plant and equipment | -4,018 | -4,592 | -21,577 | -16,564 | ||||||||
| Acquisition of subsidiaries and other businesses | -28,175 | -10,776 | -46,651 | -17,280 | ||||||||
| Dividend received | 62 | 58 | 167 | 58 | ||||||||
| Cash flows from investing activities | -55,020 | -33,838 | -154,215 | -106,486 | ||||||||
| Repayment of borrowings | 0 | -175,000 | 0 | -175,000 | ||||||||
| Change in utilisation of credit facility | 15,000 | 50,000 | -5,000 | 50,000 | ||||||||
| Change in non-controlling interest | 0 | 0 | -126 | 0 | ||||||||
| Dividends paid | 0 | -177 | 0 | -177 | ||||||||
| Proceeds on issue of ordinary shares | 4,484 | 977 | 34,397 | 6,794 | ||||||||
| Cash flows from financing activities | 19,484 | -124,200 | 29,271 | -118,383 | ||||||||
| Net increase / (decrease) in cash and cash equivalents | 22,021 | -125,658 | -6,169 | -106,240 | ||||||||
| Cash and cash equivalents at the beginning of period | 124,427 | 278,621 | 152,949 | 257,785 | ||||||||
|
Effect of exchange rate changes on cash
|
1,117 | -14 | 785 | 1,404 | ||||||||
| Cash and cash equivalents at end of period | 147,565 | 152,949 | 147,565 | 152,949 | ||||||||
|
TomTom Reports Fourth Quarter and Full Year 2015 Results
Consolidated condensed statements of cash flows
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