232 / 302
Company Financial Statements as of December 31, 2015
Statement of cash flows
Statement of cash flows
6.3
2015
2014
(in millions of euros)
Net income
831
4,440
Depreciation and amortization
(1)
13
Provisions and impairment of financial assets, net of reversals
(16)
(2,049)
Capital gains and losses on disposals of fixed assets
-
(688)
Other changes
(5)
-
Cash flow from operations
809
1,716
Change in other receivables and payables
(32)
28
Net cash from operating activities
777
1,744
Acquisitions of tangible and intangible fixed assets
-
(33)
Acquisitions of shares in subsidiaries and affiliates
(20)
(728)
Disposals of tangible and intangible fixed assets
-
67
Disposals of shares in subsidiaries and affiliates
-
30
Change in other financial investments
-
(206)
Other cash flows from (used in) investing activities
(1)
79
(113)
Net cash from (used in) investing activities
59
(983)
Dividends paid
(394)
(159)
Net change in debt
(125)
(371)
Change in intra-group receivables and payables
(344)
(635)
Net cash used in financing activities
(863)
(1,165)
Net change in cash and cash equivalents
(27)
(404)
Cash and cash equivalents at beginning of year
(2)
83
487
Cash and cash equivalents at end of year
(2)
56
83
Net change in cash and cash equivalents
(27)
(404)
Of which change in treasury stock (recorded in assets, under "Marketable securities").
(1)
Excluding treasury stock (see Note 5).
(2)
232
2015 REGISTRATION DOCUMENT