CASH FLOW STATEMENT OF PROSIEBENSAT.1 GROUP in EUR m

 

2019

2018

Net income

412

250

Income taxes

161

94

Financial result

6

4

Depreciation, amortization and impairments of other intangible and tangible assets

260

222

Consumption of programming assets incl. change in provisions for onerous contracts

958

1,319

Change in provisions

– 12

– 15

Gain/loss on the sale of assets

– 1

– 20

Other non-cash income/expenses

– 5

– 3

Change in working capital

– 40

– 84

Dividends received

7

7

Income tax paid

– 92

– 256

Interest paid

– 54

– 63

Interest received

4

4

Cash flow from operating activities

1,603

1,459

Proceeds from disposal of non-current assets

39

31

Payments for the acquisition of other intangible and tangible assets

– 213

– 161

Payments for the acquisition of financial assets

– 75

– 44

Proceeds from disposal of programming assets

20

17

Payments for the acquisition of programming assets

– 1,072

– 1,070

Payments for the issuance of loan receivables

– 1

– 14

Proceeds from the repayment of loan receivables

0

1

Cash flow from obtaining control of subsidiaries or other businesses (net of cash and cash equivalents acquired)

– 100

– 302

Cash flow from losing control of subsidiaries or other businesses (net of cash and cash equivalents disposed of)

5

6

Cash flow from investing activities

– 1,396

– 1,536

Dividend paid

– 269

– 442

Repayment of interest-bearing liabilities

– 13

– 1

Proceeds from issuance of interest-bearing liabilities

33

10

Repayment of lease liabilities

– 42

– 40

Repurchase of treasury shares

–/–

– 50

Proceeds from the sale of shares in other entities without change in control

–/–

289

Payments for shares in other entities without change in control

– 5

– 222

Proceeds from non-controlling interests

7

15

Dividend payments to non-controlling interests

– 6

– 26

Cash flow from financing activities

– 294

– 468

Effect of foreign exchange rate changes on cash and cash equivalents

6

17

Change in cash and cash equivalents

– 81

– 528

Cash and cash equivalents at beginning of reporting period

1,031

1,559

Cash and cash equivalents at end of reporting period

950

1,031