106 / 354
9
Operation and financial review
Non-IFRS financial measures
106
Worldline
2016 Registration Document
operating activities” on an IFRS basis.
The following table sets forth a reconciliation of “Cash from operations” calculated on the basis set forth above to “Net cash flow from
(in € million)
12 months ended
December 31, 2016
December 31, 2015
12 months ended
Cash from operations
210.7
180.2
Operating Investments
●
85.3
67.0
Income tax paid
-39.1
-29.9
Reorganization (from other operating income and expense)
-5.2
-6.5
Rationalization and associated costs (from other operating income and expense)
-4.1
-6.2
Integration and acquisition costs
-9.9
-1.1
Other operating income and expense
-6.7
-2.1
Other financial income and expense
-3.6
-2.8
Net cash flow from operating activities
227.4
198.6
EBITDA
9.12.3
this indicator primarily for purposes of calculating the ratio of
net debt to EBITDA.
OMDA, which is calculated as described above. The Group uses
In addition to operating margin calculated in accordance with
IFRS, the Group presents “EBITDA” calculated beginning with
The following table provides a reconciliation of OMDA to EBITDA for the periods indicated.
(in € million)
12 months ended
December 31, 2016
12 months ended
December 31, 2015
Operating Margin Before Depreciation and Amortization (OMDA)
258.7
235.3
Reorganization (from other operating income and expense)
-5.2
-6.5
Rationalization and associated costs (from other operating income and expense)
-4.1
-6.2
Integration and acquisition costs
-9.9
-1.1
Other operating income and expense
-6.7
-2.1
EBITDA
232.8
219.4