TomTom Reports First Quarter 2010 Results
Consolidated statements of cash flows
|
(in € thousands)
|
|
Q1’10
|
|
Q1’09
|
|
|
|
|
|
|
|
|
|
Operating result
|
|
17,001
|
|
-15,935
|
|
|
Financial (losses) / gains
|
|
-10,188
|
|
-20,044
|
|
|
Depreciation of property, plant and equipment
|
|
4,598
|
|
4,719
|
|
|
Amortisation of intangible assets
|
|
22,268
|
|
20,961
|
|
|
Change to provisions
|
|
-5,513
|
|
-10,440
|
|
|
Change to stock compensation reserve
|
|
2,730
|
|
1,312
|
|
|
Changes in working capital:
|
|
|
|
|
|
|
Change in inventories
|
|
5,632
|
|
46,516
|
|
|
Change in receivables and prepayments
|
|
117,980
|
|
158,903
|
|
|
Change in current liabilities
|
|
-177,249
|
|
-172,555
|
|
|
Cash generated from operations
|
|
-22,741
|
|
13,437
|
|
|
|
|
|
|
|
|
|
Interest received
|
|
158
|
|
938
|
|
|
Interest paid
|
|
-5,865
|
|
-31,322
|
|
|
Corporate income taxes paid
|
|
-12,747
|
|
-3,414
|
|
|
Net cash flow from operating activities
|
|
-41,195
|
|
-20,361
|
|
|
|
|
|
|
|
|
|
Investments in intangible assets
|
|
-11,304
|
|
-25,519
|
|
|
Investments in property, plant and equipment
|
|
-3,455
|
|
-6,310
|
|
|
Investments in financial assets
|
|
0
|
|
-25
|
|
|
Total cash flow used in investing activities
|
|
-14,759
|
|
-31,854
|
|
|
|
|
|
|
|
|
|
Total cash flow from financing activities
|
|
0
|
|
0
|
|
|
|
|
|
|
|
|
|
Net increase in cash and cash equivalents
|
|
-55,954
|
|
-52,215
|
|
|
Cash and cash equivalents at beginning of period
|
|
368,403
|
|
321,039
|
|
|
Exchange rate effect on cash balances held in foreign currencies
|
|
1,046
|
|
1,111
|
|
|
Cash and cash equivalents at end of period
|
|
313,495
|
|
269,935
|
|
|
