Materialise Reports Fourth Quarter and Full Year 2022 Results

Consolidated statement of cash flows (Unaudited)

for the twelve months ended
December 31,
In 000€

2022

2021

Operating activities
Net (loss) profit for the period

(2,153

)

13,145

 

Non-cash and operational adjustments
Depreciation of property plant & equipment

14,940

 

15,574

 

Amortization of intangible assets

7,628

 

4,975

 

Impairment of goodwill and intangible assets

-

 

177

 

Share-based payment expense

(140

)

(1,036

)

Loss (gain) on disposal of intangible assets and property, plant & equipment

347

 

210

 

Movement in provisions

1,781

 

99

 

Movement reserve for bad debt and slow moving inventory

(23

)

255

 

Financial income

(7,405

)

(5,620

)

Financial expense

5,705

 

4,101

 

Impact of foreign currencies

(19

)

40

 

(Deferred) income taxes

960

 

591

 

Working capital adjustments

3,445

 

(5,890

)

Decrease (increase) in trade receivables and other receivables

(6,245

)

(10,920

)

Decrease (increase) in inventories and contracts in progress

(5,011

)

(1,423

)

Increase (decrease) in deferred revenue

10,252

 

2,898

 

Increase (decrease) in trade payables and other payables

4,449

 

3,555

 

Income tax paid & Interest received

(358

)

(776

)

Net cash flow from operating activities

24,709

 

25,845

 

 
for the twelve months ended
December 31,
In 000€

2022

2021

Investing activities
Purchase of property, plant & equipment

(21,608

)

(7,934

)

Purchase of intangible assets

(3,165

)

(3,788

)

Proceeds from the sale of property, plant & equipment & intangible assets (net)

205

 

462

 

Acquisition of subsidiary (net of cash)

(29,355

)

(875

)

(Convertible) Loans granted

-

 

-

 

Investment in subsidiary, net of cash acquired

-

 

(999

)

Net cash flow used in investing activities

(53,923

)

(13,134

)

Financing activities
Repayment of loans & borrowings

(20,044

)

(14,277

)

Repayment of leases

(3,379

)

(3,775

)

Capital increase

-

 

88,117

 

Interest paid

(1,990

)

(2,326

)

Other financial income (expense)

544

 

3,417

 

Net cash flow from (used in) financing activities

(24,869

)

71,156

 

Net increase/(decrease) of cash & cash equivalents

(54,082

)

83,867

 

Cash & Cash equivalents at the beginning of the year

196,028

 

111,538

 

Exchange rate differences on cash & cash equivalents

(1,078

)

624

 

Cash & cash equivalents at end of the period

140,867

 

196,028

 

 

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