¹ The borrowings are fully due in 2012; a forward start facility, which will replace the existing borrowings as from 31 December 2012, is in place.

Consolidated statements of cash flows

(in € thousands)			Q3 '12		Q3 '11		YTD’12		YTD’11
Operating result			31,823		40,736		45,611		-435,086
Financial (losses)/gains			-134		-2,335		3,442		-3,231
Depreciation and amortisation			26,577		27,684		82,142		82,099
Impairment charge			0		0		0		511,936
Change in provisions			-6,615		-896		-8,500		-3,579
Equity-settled stock compensation expenses			1,281		2,124		4,490		6,930
Changes in working capital:
Change in inventories			3,116		26,820		958		18,232
Change in receivables and prepayments			-11,074		-17,441		14,602		82,200
Change in current liabilities (excl. provisions)			8,009		-1,621		-54,458		-202,026
Cash generated from operations			52,983		75,071		88,287		57,475
Interest received			433		450		983		1,336
Interest paid			-1,715		-4,516		-6,442		-14,462
Corporate income taxes paid			-1,466		-1,265		-6,781		-4,337
Net cash flow from operating activities			50,235		69,740		76,047		40,012
Investments in intangible assets			-10,843		-15,490		-31,915		-48,407
Investments in property, plant and equipment			-1,779		-4,334		-5,792		-13,130
Dividend received			0		0		1,447		0
Total cash flow used in investing activities			-12,622		-19,824		-36,260		-61,537
Repayments of borrowings			-50,000		-100,000		-98,000		-100,000
Acquisition of non-controlling interests¹			0		-239		0		-239
Proceeds on issue of ordinary shares			0		0		0		724
Total cash flow from financing activities			-50,000		-100,239		-98,000		-99,515
Net increase in cash and cash equivalents			-12,387		-50,323		-58,213		-121,040
Cash and cash equivalents at beginning of period			148,910		232,235		193,579		305,600
Exchange rate effect on cash balances held in foreign currencies			5		401		1,162		-2,247
Cash and cash equivalents at end of period			136,528		182,313		136,528		182,313

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »