APC 2015 Annual Report Download - page 192

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC190
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2015
5CONSOLIDATED STATEMENT OFCASHFLOWS
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2. Consolidated statement
ofcashflows
(inmillions of euros) Note Full year 2015 Full year 2014
Profi t for the year 1,503 2,061
Less net result from discontinued operations - (169)
Share of (profi t)/losses of associates, net of dividends received (109) (14)
Income and expenses with no effect on cash fl ow
Depreciation of property, plant and equipment 13 426 414
Amortization of intangible assets other than goodwill 12 551 483
Impairment losses on non-current assets 5 505 26
Increase/(decrease) in provisions 23 (82) (68)
Losses/(gains) on disposals of fi xed assets 213 12
Difference between tax paid and tax expense (388) (188)
Other non-cash adjustments 96 83
Net cash provided by operating activities 2,715 2,640
Decrease/(increase) in accounts receivable (21) (246)
Decrease/(increase) in inventories and work in process (3) 169
(Decrease)/increase in accounts payable 115 (85)
O ther current assets and liabilities 26 55
Change in working capital requirement 117 (107)
Total I– Cash fl ows from operating activities 2,832 2,533
Purchases of property, plant and equipment 13 (509) (475)
Proceeds from disposals of property, plant and equipment 100 40
Purchases of intangible assets 12 (396) (396)
Proceeds from disposals of intangible assets 18 2
Net cash used by investment in operating assets (787) (829)
Net fi nancial investments 2 232 (2,490)
Proceeds from sale of fi nancial assets 28 5
Purchases of other long-term investments 191 108
Increase in long-term pension assets (155) (121)
Sub-total 296 (2,498)
Total II– Cash fl ows from/(used in) investing activities (491) (3,327)
Issuance of bonds 24 1,850 -
Repayment of bonds 24 (750) (720)
Sale/(purchase) of own shares (600) (371)
Increase/(reduction) in other fi nancial debt (1,262) (818)
Proceeds from issuance of shares 153 237
Dividends paid by Schneider ElectricSE (1,108) (1,095)
Non-controlling interests (111) (110)
Total III– Cash fl ows from/(used in) fi nancing activities (1,828) (2,877)
IV– Net foreign exchange difference: (102) (61)
V– Effect of discontinued operations - 747
Increase/(decrease) in cash and cash equivalents: I +II +III +IV+V 411 (2,985)
Cash and cash equivalents at January1 2,438 5,423
Increase/(decrease) in cash and cash equivalents 411 (2,985)
CASH AND CASH EQUIVALENTS AT DECEMBER31 20 2,849 2,438
The accompanying notes are an integral part of the consolidated fi nancial statements.