Print
Tools
Archive
Mobile
Alert Subscription
Glossary
FAQ
Event Calendar
RSS Service
Podcast Service
Order form
Consolidated Free Cash Flow
 Consolidated Free Cash Flow |
| (in thousands of euros) | ||||||
| 2007 | 2006 | |||||
| of which related parties | ||||||
| Income (loss) from continuing operations | 424.023 | -1.018.826 | ||||
| Amortization, depreciation / impairment losses/reversals of intangible assets and property, plant and equipment | 218.678 | 212.691 | ||||
| Financial expenses | 416.163 | 365.123 | ||||
| Financial income | (340.408) | -897.377 | ||||
| Dividends | (34.459) | -65.857 | ||||
| Valuation of financial assets | 20.179 | 54.394 | ||||
| Share of earnings (losses) of associates and joint ventures | 45.845 | 1.921.699 | ||||
| Income taxes | (133.503) | (127.848) | ||||
| Change in inventories | 25.302 | -34.477 | ||||
| Change in trade receivables/payables | (85.366) | 27.957 | ||||
| Change in other receivables/payables | 113.467 | (194.324) | ||||
| Change in employee benefit obligations/other provisions | (108.987) | (29.608) | ||||
| Other changes | 10.045 | (8.131) | ||||
| A | Net cash flows provided by (used for) operating activities | 570.979 | 333.264 | |||
| Investments in property, plant and equipment | (286.709) | (255.456) | ||||
| Disposals of property, plant and equipment including gain/loss | 14.911 | 11.906 | ||||
| Investments in intangible assets | (17.037) | (54.884) | ||||
| Disposals of intangible assets including gain/loss | 4.764 | 192 | ||||
| Acquisitions of investments in associates and joint ventures | (262.727) | (1.566.479) | ||||
| Disposals of investments in associates and joint ventures | 23.650 | 1.315 | ||||
| Acquisitions of available-for-sale financial assets | (101.907) | (251.386) | ||||
| Disposals of available-for-sale financial assets | 16.849 | 374.516 | 13.500 | |||
| Pirelli Tyre private placement | - | 715.800 | ||||
| Dividends received | 34.459 | 65.857 | ||||
| Net investment in business combinations | (352.858) | (140.000) | ||||
| B | Net cash flows provided by (used for) investing activities | (926.605) | (958.619) | |||
| Change in share capital and share premium reserve | 7.499 | 27.254 | ||||
| Other changes in equity | (54.289) | (12.727) | ||||
| Sale of Pirelli Real Estate shares | (53.999) | 84.400 | ||||
| Change in financial payables | (1.287.705) | 926.396 | ||||
| Change in financial receivables | (51.509) | -18.768 | ||||
| Change in financial payables/receivables for acquisitions | 395.302 | |||||
| Financial income/expenses (net of gains on avail.-for-sale fin. assets ) | (141.578) | (99.346) | ||||
| Dividends paid | (74.400) | (162.672) | (29.089) | |||
| C | Net cash flows provided by (used for) financing activities | (1.260.679) | 744.537 | |||
| Net cash flows provided by (used for) operating activities | ||||||
| Net cash flows provided by (used for) investing activities | 3.364.209 | (1.138.894) | ||||
| Net cash flows provided by (used for) financing activities | ||||||
| D | Total cash flows from discontinued operations | 3.364.209 | (1.138.894) | |||
| E | Total cash flows provided by (used) during the year (A+B+C+D) | 1.747.904 | 119.182 | |||
| F | Cash and cash equivalents, at beginning of the year | 259.389 | 146.310 | |||
| G | Exchange differences on translation of cash and cash equivalents | 3.182 | (6.103) | |||
| H | Net cash and cash equivalents, at end of the year | 2.010.475 | 259.389 | |||
| (*) of which: | ||||||
| cash | 2.057.682 | 269.574 | ||||
| bank overdrafts | (47.207) | (10.185) |
The consolidated statement of cash flows shows transactions with related parties that cannot be directly deduced from the other statements.
Last Revised: 07
2008