| (€ in thousands) |
Q2 '16 Unaudited |
Q2 '15 Unaudited |
H1 '16 Unaudited |
H1 '15 Unaudited |
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| Operating result | 12,752 | 579 | 8,439 | -4,490 | |||||
| Financial (losses) / gains | -553 | 1,974 | 401 | 3,944 | |||||
| Depreciation and amortisation | 30,941 | 27,262 | 60,811 | 53,755 | |||||
| Change in provisions | 4,805 | -1,116 | 1,588 | -4,825 | |||||
| Equity-settled stock compensation expenses | 987 | 1,124 | 1,934 | 2,070 | |||||
| Changes in working capital: | |||||||||
| Change in inventories | 6,020 | -1,547 | -2,112 | -724 | |||||
| Change in receivables and prepayments | -58,744 | -44,668 | -47,072 | -31,457 | |||||
|
Change in liabilities (excluding provisions)4 |
38,499 | 44,301 | -5,547 | -2,261 | |||||
| Cash generated from operations | 34,707 | 27,909 | 18,442 | 16,012 | |||||
| Interest received | 44 | 173 | 86 | 289 | |||||
| Interest (paid) | -338 | -315 | -602 | -554 | |||||
| Corporate income taxes (paid) / received | -1,151 | 20 | -3,021 | -1,189 | |||||
| Cash flows from operating activities | 33,262 | 27,787 | 14,905 | 14,558 | |||||
| Investments in intangible assets | -25,678 | -22,120 | -46,982 | -40,911 | |||||
| Investments in property, plant and equipment | -4,558 | -5,026 | -12,293 | -10,188 | |||||
| Acquisition of subsidiaries and other businesses | 0 | -16,961 | -2,331 | -16,961 | |||||
| Dividends received | 80 | 0 | 80 | 0 | |||||
| Cash flows from investing activities | -30,156 | -44,107 | -61,526 | -68,060 | |||||
| Change in utilisation of credit facility | 13,000 | 5,000 | 33,000 | -5,000 | |||||
| Repayment of borrowings | 0 | 0 | -4,287 | 0 | |||||
| Change in non-controlling interest | 0 | -126 | 0 | -126 | |||||
| Dividends paid | -271 | 0 | -127 | 0 | |||||
| Proceeds on issue of ordinary shares | 6,433 | 15,680 | 7,668 | 26,878 | |||||
| Cash flows from financing activities | 19,162 | 20,554 | 36,254 | 21,752 | |||||
|
Net increase / (decrease) in cash and
|
22,268 | 4,234 | -10,367 | -31,750 | |||||
|
Cash and cash equivalents at beginning of
|
114,630 | 117,367 | 147,565 | 152,949 | |||||
|
Exchange rate changes on cash balances held
|
-507 |
26 |
-807 |
428 |
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|
Cash and cash equivalents at end of period |
136,391 |
121,627 |
136,391 |
121,627 |
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TomTom Reports Second Quarter 2016 Results
Consolidated condensed statements of cash flows
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