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216 2014 Registration Document
Company financial statement year ended December 31, 2014
6
Statement of cash flows for the year ended December 31, 2014
6.3
Statement of cash flows for the year ended
December 31, 2014
(in € millions)
2014
2013
Net income
4,440
1,804
Depreciation and amortization
13
(45)
Provisions and impairment of financial assets, net of reversals
(2,049)
253
Capital gains and losses on sale of fixed assets
(688)
(703)
Other changes
Cash flow from operations
1,716
1,309
Change in other receivables and payables
28
729
Net cash from operating activities
1,744
2,038
Acquisitions of tangible and intangible fixed assets
(33)
(23)
Acquisitions of shares in subsidiaries and affiliates
(728)
Disposals tangible and intangible fixed assets
67
Disposals of shares in subsidiaries and affiliates
30
868
Change in other financial investments
(206)
Other cash flows from investing activitie
(1)
(113)
(68)
Net cash from investing activities
(983)
777
Dividends paid
(159)
(118)
Net change in debt
(371)
(1,791)
Change in intra-group receivables and payables
(635)
(3,537)
Net cash used in financing activities
(1,165)
(5,446)
Net change in cash and cash equivalents
(404)
(2,631)
Cash and cash equivalents at beginning of year
(2)
487
3,117
Cash and cash equivalents at end of year
(2)
83
486
Net change in cash and cash equivalents
(404)
(2,631)
(1) Of which change in treasury stock (recorded in assets, under “Marketable securities”).
(2) Excluding treasury stock.