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9
Operation and financial review
Financial Review
102
Worldline
2016 Registration Document
Earning per share
9.11.1.7
323,007 options).
shares for the period. As at the end of December
2016, potential dilutive instruments comprised stock subscription (equivalent to
The number of shares as at January
1, 2016 was 131,926,588 shares. The weighted average number of shares amounts to 132,102,935
(in € million)
December 31, 2016
12 months ended
% Margin
12 months ended
December 31, 2015*
% Margin
Net income [a]
144.2 11.0%
103.4
8.4%
Normalized net income [b]
129.2
9.9%
119.9
9.8%
Average number of shares [c]
132,102,935
131,926,588
Impact of dilutive instruments
323,007
119,468
Diluted average number of shares [d]
132,425,942
132,046,056
(in €)
Basic EPS [a]/[c]
1.09
0.78
Diluted EPS [a]/[d]
1.09
0.78
Normalized basic EPS [b]/[c]
0.98
0.91
Normalized diluted EPS [b]/[d]
0.98
0.91
December 31, 2015 adjusted to reflect change in presentation disclosed in Note “Accounting Rules and policies”.
*
Cash Flow
9.11.2
(in € million)
December 31, 2016
12 months ended
12 months ended
December 31, 2015
Operating Margin before Depreciation and Amortization (OMDA)
258.7
235.3
Capital expenditures
-85.3
-67.0
Change in working capital requirement
37.3
11.9
Cash from operation
210.7
180.2
Taxes paid
-39.1
-29.9
Net cost of financial debt paid
-0.6
-1.4
Reorganization in other operating income
-5.2
-6.5
Rationalization & associated costs in other operating income
-4.1
-6.2
Integration and acquisition costs
-9.9
-1.1
Net financial investments
1
-1.3
-1.8
Other changes
2
-10.1
-4.8
Free Cash Flow
140.4
128.5
Net material (acquisitions)/disposals
-111.0
-
Capital increase/(decrease)
7.5
-
Payment for acquisition of non controlling interests
Proceeds from the disposal of the Visa Share
35.6
-
Purchase of shares
-
-2.4
Dividends paid to owners of the parent
Change in net cash/(debt)
72.5
126.1
Opening net cash/(debt)
323.3
203.1
Change in net cash/(debt)
72.5
126.1
Foreign exchange rate fluctuations on net cash/(debt)
3.0
-5.9
Closing net cash/(debt)
398.9
323.3
Net Long term financial investments.
1
“Other changes” include other operating income with cash impact (excluding reorganization, rationalization and associated costs, integration costs
2
and acquisition costs), dividends paid to non-controlling interests and other financial items with cash impact.