Cash Flow Statement
Cash flow Statement of ProSiebenSat.1 Group |
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EUR m |
2014 |
2013 |
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Profit from continuing operations |
381.5 |
364.6 |
||||
Profit from discontinued operations (net of income taxes) |
-27.1 |
-47.6 |
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of which gain/loss on the sale of discontinued operations (net of tax) |
-14.0 |
77.0 |
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Profit for the period |
354.3 |
317.0 |
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Income taxes |
178.6 |
162.2 |
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Financial result |
134.4 |
142.0 |
||||
Depreciation/amortization and impairment of intangible and tangible assets |
123.8 |
88.9 |
||||
Consumption/reversal of impairment of programming assets |
862.7 |
847.2 |
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Change in provisions for pensions and other provisions |
3.0 |
21.3 |
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Gain/loss on the sale of assets |
5.0 |
-3.2 |
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Other non-cash income/expenses |
0.9 |
2.9 |
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Cash flow from continuing operations |
1,690.0 |
1,626.1 |
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Cash flow from discontinued operations |
-4.6 |
108.2 |
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Cash flow total |
1,685.4 |
1,734.3 |
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Change in working capital |
-12.2 |
-14.8 |
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Dividends received |
5.7 |
5.9 |
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Income tax paid |
-163.4 |
-135.6 |
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Interest paid |
-91.2 |
-137.0 |
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Interest received |
2.1 |
3.8 |
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Payments for financing costs from derivatives |
-6.3 |
–/– |
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Cash flow from operating activities of continuing operations |
1,424.8 |
1,348.3 |
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Cash flow from operating activities of discontinued operations |
19.5 |
58.4 |
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Cash flow from operating activities total |
1,444.3 |
1,406.8 |
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Proceeds from disposal of non-current assets |
7.9 |
3.6 |
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Payments for the acquisition of intangible and tangible assets |
-99.2 |
-93.8 |
||||
Payments for the acquisition of financial assets |
-47.8 |
-18.2 |
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Proceeds from disposal of programming assets |
7.3 |
12.1 |
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Payments for the acquisition of programming assets |
-889.7 |
-860.2 |
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Payments for loans to associated companies |
-0.1 |
–/– |
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Payments for loans to Group companies - not consolidated |
–/– |
-2.6 |
||||
Payments for loans to other investments |
-0.2 |
-0.8 |
||||
Payments for the issuance of loan receivables to external parties |
-5.9 |
–/– |
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Proceeds for the issuance of loan repayments from external parties |
5.0 |
–/– |
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Cash flow from obtaining control of subsidiaries or other business (net of cash and cash equivalents acquired) |
-122.2 |
-56.6 |
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Cash flow from losing control of subsidiaries or other business (net of cash and cash equivalents disposed of) |
-3.5 |
-1.7 |
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Cash flow from investing activities of continuing operations |
-1,148.4 |
-1,018.3 |
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Cash flow from investing activities of discontinued operations |
-25.2 |
1,181.9 |
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of which proceeds from disposal of discontinued operation (net of cash disposed of) |
-6.4 |
1,312.3 |
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Cash flow from investing activities total |
-1,173.6 |
163.6 |
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Free cash flow of continuing operations |
276.5 |
330.1 |
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Free cash flow of discontinued operations |
-5.7 |
1,240.3 |
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Free cash flow |
270.7 |
1,570.4 |
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Dividends paid |
-313.4 |
-1,201.4 |
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Repayment of interest-bearing liabilities |
-459.8 |
-1,032.5 |
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Proceeds from issuance of interest-bearing liabilities |
600.0 |
300.6 |
||||
Repayment of finance lease liabilities |
-9.6 |
-9.0 |
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Proceeds from the sale of treasury shares |
7.2 |
9.7 |
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Payments for shares in other entities without change in control |
-0.1 |
-1.4 |
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Payments in connection with refinancing measures |
-23.6 |
-8.8 |
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Dividend payments to non-controlling interests |
-8.9 |
-10.5 |
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Cash flow from financing activities of continuing operations |
-208.3 |
-1,953.2 |
||||
Cash flow from financing activities of discontinued operations |
0.0 |
-2.3 |
||||
Cash flow from financing activities total |
-208.3 |
-1,955.5 |
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Effect of foreign exchange rate changes of continuing operations on cash and cash equivalents |
4.0 |
-0.9 |
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Effect of foreign exchange rate changes of discontinued operations on cash and cash equivalents |
-0.3 |
-2.2 |
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Change in cash and cash equivalents total |
66.1 |
-388.2 |
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Cash and cash equivalents at beginning of reporting period1 |
404.51 |
792.61 |
||||
Cash and cash equivalents at end of reporting period1 |
470.6 |
404.51 |
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Cash and cash equivalents classified under assets held for sale at end of reporting period |
–/– |
-8.8 |
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Cash and cash equivalents of continuing operations at end of reporting period (statement of financial position) |
470.6 |
395.7 |
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