2Unaudited interim statement of consolidated financial position
Unaudited Consolidated Statements of Cash Flows
| Three Months Ended | ||||||||
| (in millions USD) | March 31, 2021 | March 31, 2022 | ||||||
| Cash flows from operating activities: | ||||||||
| Net income (loss) | $ | (127 | ) | $ | 178 | |||
| Depreciation and amortization | 377 | 408 | ||||||
| Finance expense, net | 8 | 9 | ||||||
| Deferred income taxes | 15 | 19 | ||||||
| Other non-cash operating activities | (30 | ) | 42 | |||||
| Net change in working capital | (95 | ) | 189 | |||||
| Net cash provided by operating activities | 148 | 845 | ||||||
| Cash flows from investing activities: | ||||||||
| Purchases of property, plant, equipment, and intangible assets | (302 | ) | (643 | ) | ||||
| Other investing activities | 45 | 4 | ||||||
| Net cash used in investing activities | (257 | ) | (639 | ) | ||||
| Cash flows from financing activities: | ||||||||
| Repayments of shareholder loan | (126 | ) | — | |||||
| Proceeds (repayment) of debt, net | (75 | ) | 107 | |||||
| Other financing activities | 39 | 11 | ||||||
| Net cash (used in) provided by financing activities | (162 | ) | 118 | |||||
| Effect of exchange rate changes | (2 | ) | 1 | |||||
| Net change in cash and cash equivalents | (273 | ) | 325 | |||||
| Cash and cash equivalents at the beginning of the period | 908 | 2,939 | ||||||
| Cash and cash equivalents at the end of the period | $ | 635 | $ | 3,264 | ||||
Unaudited Reconciliation of IFRS to Adjusted Non-IFRS
