APC 2012 Annual Report Download - page 164

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2012 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC162
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31, 2012
5CONSOLIDATED STATEMENT OFCASHFLOWS
>
2. Consolidated statement
ofcashflows
(in millions of euros) Note Full year 2012 Full year 2011*
Profi t for the year 1,927 1,877
Share of (profi t)/losses of associates, net of dividends received (34) (28)
Adjustments to reconcile net profi t to net cash fl ows provided by operating activities:
Depreciation of property, plant and equipment 13 394 386
Amortization of intangible assets other than goodwill 12 420 380
Impairment losses on non-current assets 5 241 31
Increase/(decrease) in provisions 23 (77) (89)
Losses/(gains) on disposals of fi xed assets (16) 12
Difference between tax paid and tax expense (122) (80)
Other non-cash adjustments 69 48
Net cash provided by operating activities before changes
inoperatingassetsand liabilities 2,802 2,537
Decrease/(increase) in accounts receivable (127) (230)
Decrease/(increase) in inventories and work in process 210 (38)
(Decrease)/increase in accounts payable (5) (41)
Change in other current assets and liabilities (79) 24
Change in working capital requirement (1) (285)
Total I - Cash fl ows from operating activities 2,801 2,252
Purchases of property, plant and equipment 13 (472) (515)
Proceeds from disposals of property, plant and equipment 58 52
Purchases of intangible assets 12 (315) (297)
Proceeds from disposals of intangible assets 10 14
Net cash used by investment in operating assets (719) (746)
Net fi nancial investments 2 (242) (2,873)
Proceeds from sale of fi nancial assets 15.1 121 -
Purchases of other long-term investments (14) (54)
Increase in long-term pension assets (79) (64)
Sub-total (214) (2,991)
Total II - Cash fl ows from/(used in) investing activities (933) (3,737)
Issuance of bonds 24 601 1,692
Repayment of bonds 24 - (500)
Sale/(purchase) of own shares --
Increase/(reduction) in other fi nancial debt (585) 432
Proceeds from issuance of shares 221 210
Dividends paid: Schneider ElectricSA (919) (856)
Non-controlling interests (72) (69)
Total III - Cash fl ows from/(used in) fi nancing activities (754) 909