LOREAL_Registration_Document_2017

2017 Parent Company Financial Statements * STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS 5.4.

31.12.2017

Notes

31.12.2016 31.12.2015

€ millions

Operating activities Net profit

3,051.7

3,014.4

3,055.4

Depreciation and amortisation

12

105.7 -93.3

106.1 131.7 -10.4 126.3

95.1

Charges to provisions (net of reversals)

-119.6

Gains and losses on disposals of non-current assets

61.4 71.5

1.6

Other non-cash transactions (1)

118.0

Gross cash flow

3,197.0

3,368.1

3,150.5

Changes in working capital

25

292.4

148.6

-314.8

Net cash provided by operating activities

3,489.4

3,516.7

2,835.7

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

-2,209.5

-1,372.4

-577.3

26

46.7

11.9

-25.2 21.8

962.9

110.9

Net cash from (used in) investing activities

-1,199.9

-1,249.6

-580.7

Financing activities Capital increase

118.3

163.2

338.6

Dividends paid

-1,857.7

-1,741.9

-1,511.4 -1,733.8 -2,906.6

Changes in financial debt

196.9

-103.5

Net cash from (used in) financing activities

-1,542.5

-1,682.2

5

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

32.7

-1.0

34.1

Change in cash and cash equivalents

779.7

583.9 -557.5

-617.5

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

26.4

60.0

27

806.1

26.4

-557.5

Relating mainly to the value of free shares vested under the 2011, 2012 and 2013 plans which matured in 2015, 2016 and 2017, respectively. (1)

REGISTRATION DOCUMENT / L'ORÉAL 2017

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