Consolidated statements of cash flows
| (in € thousands) | Q4 ‘12 | Q4 ‘11 | FY ‘12 | FY ‘11 | ||||
| Operating result | 24,639 | 10,416 | 70,249 | -424,669 | ||||
| Financial (losses)/gains | -4,226 | 7,786 | -784 | 4,554 | ||||
| Depreciation and amortisation | 28,528 | 36,999 | 110,670 | 119,097 | ||||
| Impairment charge | 0 | 0 | 0 | 511,936 | ||||
| Change in provisions | -928 | -6,645 | -9,428 | -10,224 | ||||
| Equity-settled stock compensation expenses | 1,210 | 1,067 | 5,700 | 7,996 | ||||
| Changes in working capital: | ||||||||
| Change in inventories | 12,861 | 9,683 | 13,819 | 27,915 | ||||
| Change in receivables and prepayments | 33,058 | 31,185 | 47,660 | 113,384 | ||||
| Change in current liabilities (excl. provisions) 1 | 3,249 | 47,253 | -51,210 | -154,770 | ||||
| Cash flow from operations | 98,391 | 137,744 | 186,676 | 195,219 | ||||
| Interest received | 214 | 1,535 | 1,197 | 2,871 | ||||
| Interest paid | -3,466 | -3,997 | -9,908 | -18,459 | ||||
| Corporate income taxes paid | -4,244 | -1,119 | -11,025 | -5,456 | ||||
| Net cash flow from operating activities | 90,895 | 134,163 | 166,940 | 174,175 | ||||
| Investments in intangible assets | -11,075 | -9,512 | -42,990 | -57,918 | ||||
| Investments in property, plant and equipment | -3,519 | -3,370 | -9,311 | -16,502 | ||||
| Dividend received | 40 | 1,628 | 1,487 | 1,628 | ||||
| Total cash flow used in investing activities | -14,554 | -11,254 | -50,814 | -72,792 | ||||
| Repayments of borrowings | -290,000 | -110,000 | -388,000 | -210,000 | ||||
| Proceeds of new term loan | 247,140 | 0 | 247,140 | 0 | ||||
| Redemption of vested equity instruments | -4,605 | 0 | -4,605 | 0 | ||||
| Dividends paid | -317 | 0 | -317 | 0 | ||||
| Acquisition of non-controlling interests | 0 | -4,004 | 0 | -4,243 | ||||
| Proceeds on issue of ordinary shares | 0 | 0 | 0 | 724 | ||||
| Total cash flow from financing activities | -47,782 | -114,004 | -145,782 | -213,519 | ||||
| Net increase in cash and cash equivalents | 28,559 | 8,905 | -29,656 | -112,136 | ||||
| Cash and cash equivalents at beginning of period | 136,528 | 182,313 | 193,579 | 305,600 | ||||
| Exchange rate effect on cash balances held in foreign currencies | -628 | 2,361 | 536 | 115 | ||||
| Cash and cash equivalents at end of period | 164,459 | 193,579 | 164,459 | 193,579 |
