L'Oréal - 2018 Registration Document

Parent company financial statements STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS 5.4.

31.12.2018

Notes

31.12.2017 31.12.2016

€ millions

Operating activities Net profit

3,594.9

3,051.7

3,014.4

Depreciation and amortisation

12

117.2 290.4

105.7 -93.3

106.1 131.7 - 10.4 126.3

Charges to provisions (net of reversals)

Gains and losses on disposals of non-current assets

2.0

61.4 71.5

Other non-cash transactions (1)

-

Gross cash flow

4,004.5

3,197.0

3,368.1

Changes in working capital

25

81.8

292.4

148.6

Net cash provided by operating activities

4,086.3

3,489.4

3,516.7

Investing activities Investments in non-current assets Changes in other financial assets Disposals of non-current assets

-1,674.2

-2,209.5 - 1,372.4

26

56.2 39.5

46.7

11.9

962.9

110.9

Net cash from (used in) investing activities

-1,578.5

-1,199.9 - 1,249.6

Financing activities Capital increase

135.3

118.3

163.2

Dividends paid

-2,006.6

-1,857.7 - 1,741.9

Changes in financial debt

-1.9

196.9

- 103.5

Net cash from (used in) financing activities

-1,873.2

-1,542.5 - 1,682.2

5

Cash acquired or sold in the period (complete transfer of assets and liabilites)

55.9

32.7

- 1.0

Change in cash and cash equivalents

690.5 806.1

779.7

583.9

Net Cash and cash equivalents at beginning of the year NET CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR

26.4

- 557.5

27

1,496.6

806.1

26.4

Relating mainly to the value of free shares vested under the 2012 and 2013 plans which matured in 2016 and 2017, respectively. (1)

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