Discover the Acea Group online 2019 Consolidated Report
Consolidated Statement of Cash Flows
| € thousand | 31/12/2019 | Related parties | 31/12/2018 | Related parties | Change |
| Cash flow from operating activities | |||||
| Profit before tax from continuing operations | 430,390 | 409,033 | 21,357 | ||
| Depreciation/amortisation | 409,557 | 366,839 | 42,718 | ||
| Write-ups/write-downs | 22,862 | 18,428 | 4,434 | ||
| Change in the provision for employee benefits | 5,268 | (51,861) | 57,129 | ||
| Change in employee severance indemnities | (10,708) | (7,105) | (3,603) | ||
| Net financial debt interest | 90,302 | 82,859 | 7,443 | ||
| Income taxes paid | (132,617) | (79,145) | (53,471) | ||
| Financial flows generated by operating activities before changes | 815,054 | 0 | 739,048 | 0 | 76,006 |
| Increases in receivables included in the working capital | (118,892) | (15,816) | 98,720 | (69,302) | (217,612) |
| Increase/decrease in payables included in the working capital | 41,729 | (13,180) | (15,544) | (11,555) | 57,273 |
| Increase/(decrease) in inventories | (7,447) | (7,623) | 176 | ||
| Change in working capital | (84,610) | (28,997) | 75,553 | (80,858) | (160,163) |
| Change in other assets/liabilities during the period | 39,137 | (89,910) | 129,047 | ||
| TOTAL CASH FLOW FROM OPERATING ACTIVITIES | 769,581 | (28,997) | 724,690 | (80,858) | 44,891 |
| Cash flow from investment activities | |||||
| Purchase/sale of tangible fixed assets | (431,036) | (241,607) | (189,429) | ||
| Purchase/sale of intangible fixed assets | (361,740) | (375,276) | 13,536 | ||
| Purchase of equity investments in subsidiaries | (43,703) | (5,570) | (38,133) | ||
| Collections/payments deriving from other financial investments | (177,824) | (30,620) | 116,038 | (39,283) | (293,862) |
| Collected dividends | 16,787 | 16,787 | 8,612 | 8,612 | 8,175 |
| Interest income collected | 20,588 | 20,643 | (55) | ||
| TOTAL CASH FLOW FROM INVESTMENT ACTIVITIES | (976,928) | (13,833) | (477,160) | (30,671) | (499,769) |
| Cash flow from financing activities | |||||
| Repayment of mortgages and long-term loans | (313,642) | (380,862) | 67,220 | ||
| Provision of mortgages/other debts and medium to long term | 500,000 | 1,000,000 | (500,000) | ||
| Decrease/Increase in other financial debts | (89,136) | 78,989 | (233,453) | (2,415) | 144,317 |
| Interest expense paid | (109,302) | (108,340) | (962) | ||
| Dividends paid | (73,795) | (73,795) | (137,379) | (137,379) | 63,583 |
| TOTAL CASH FLOW FROM FINANCING ACTIVITIES | (85,875) | 5,194 | 139,966 | (139,793) | (225,842) |
| Cash flow for the period | (293,223) | (8,639) | 387,497 | (251,322) | (680,720) |
| Net opening balance of cash and cash equivalents | 1,068,138 | 680,641 | 387,497 | ||
| Cash availability from acquisition | 60,778 | 0 | 60,778 | ||
| Net closing balance of cash and cash equivalents | 835,693 | 1,068,138 | (232,445) |
Amounts in € thousand