Plastic Omnium - 2020 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS 2020 Consolidated financial statements at December 31, 2020 www.plasticomnium.com PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 196 STATEMENT OF CASH FLOWS 5.2.5 In thousands of euros Notes 2020 2019 I – CASH FLOWS FROM OPERATING ACTIVITIES Net income 3.1.1 (253,051) 275,970 Dividends received from associates and joint ventures 35,473 31,567 Non-cash items 776,941 602,553 Share of profit/(loss) of associates and joint ventures 4.5 (29,101) (36,454) Stock option plan expense 5.2.3 1,408 2,492 Other adjustments 4,676 6,581 Depreciation and provisions for impairment of fixed assets 472,593 297,498 Amortization and provisions for impairment of intangible assets 288,313 200,431 Changes in provisions 12,861 (7,238) Net (gains)/losses on disposals of non-current assets 584 (17,924) Operating grants recognized in the income statement (825) (991) Current and deferred taxes 4.8.1 (31,002) 89,860 Cost of net debt 57,434 68,298 CASH GENERATED BY OPERATIONS (BEFORE COST OF NET DEBT AND TAX) (A) 559,363 910,090 Change in inventories and work-in-progress – net 52,740 7,937 Change in trade receivables – net (10,329) 36,513 Change in trade payables (43,988) (99,549) Change in other operating assets and liabilities – net (43,510) 38,381 Change in working capital requirements (B) (45,088) (16,718) Taxes paid (C) (39,676) (95,849) Interest paid (70,603) (74,166) Interest received 4,010 6,230 Net financial interest paid (D) (66,593) (67,936) NET CASH GENERATED BY OPERATING ACTIVITIES (A+B+C+D) 408,006 729,586 II – CASH FLOWS FROM INVESTING ACTIVITIES Acquisitions of property, plant and equipment 3.1.3 (217,654) (333,697) Acquisitions of intangible assets 3.1.3 (143,018) (199,798) Disposals of property, plant and equipment 2,651 134,397 Disposals of intangible assets 1,046 6,644 Net change in advances to suppliers of fixed assets (20,028) 10,839 Investment grants received 2,758 (1,415) Net cash used in operations-related investing activities (E) (374,245) (383,031) FREE CASH FLOW (A + B + C + D + E) 33,761 346,555