TomTom Reports First Quarter 2013 Results
Consolidated statements of cash flows
|
(in € thousands)
|
|
Q1 '13
|
|
Q1 '12
|
|
|
|
|
|
|
|
|
|
Operating result
|
|
48
|
|
-144
|
|
|
Financial (losses)/gains
|
|
-2,643
|
|
2,958
|
|
|
Depreciation and amortisation
|
|
28,708
|
|
28,237
|
|
|
Change in provisions
|
|
-2,024
|
|
-5,244
|
|
|
Equity-settled stock compensation expense
|
|
1,442
|
|
1,582
|
|
|
Changes in working capital:
|
|
|
|
|
|
|
Change in inventories
|
|
-7,502
|
|
8,684
|
|
|
Change in receivables and prepayments
|
|
33,937
|
|
79,392
|
|
|
Change in current liabilities 2 Includes movements in the
non-current portion of deferred revenue presented under Other long
term liabilities.
|
|
-24,902
|
|
-99,357
|
|
|
Cash generated from operations
|
|
27,064
|
|
16,108
|
|
|
|
|
|
|
|
|
|
Interest received
|
|
382
|
|
430
|
|
|
Interest paid
|
|
-871
|
|
-2,634
|
|
|
Corporate income tax received
|
|
65,648
|
|
1,636
|
|
|
Net cash flow from operating activities
|
|
92,223
|
|
15,540
|
|
|
|
|
|
|
|
|
|
Investments in intangible assets
|
|
-17,700
|
|
-11,332
|
|
|
Investments in property, plant and equipment
|
|
-3,588
|
|
-1,866
|
|
|
Dividend received
|
|
499
|
|
0
|
|
|
Total cash flow used in investing activities
|
|
-20,789
|
|
-13,198
|
|
|
|
|
|
|
|
|
|
Repayment of borrowings
|
|
-75,000
|
|
-28,000
|
|
|
Dividends paid
|
|
-204
|
|
0
|
|
|
Total cash flow used in financing activities
|
|
-75,204
|
|
-28,000
|
|
|
|
|
|
|
|
|
|
Net decrease in cash and cash equivalents
|
|
-3,770
|
|
-25,658
|
|
|
Cash and cash equivalents at beginning of period
|
|
164,459
|
|
193,579
|
|
|
Exchange rate effect on cash balances held in foreign currencies
|
|
266
|
|
93
|
|
|
Cash and cash equivalents at end of period
|
|
160,955
|
|
168,014
|
|
|
