Connect - Schneider Electric
Connect - Schneider Electric
Connect - Schneider Electric
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5 CONSOLIDATED FINANCIAL STATEMENTS<br />
CONSOLIDATED STATEMENT OF CASH FLOWS<br />
> 2. Consolidated statement<br />
of cash flows<br />
(in millions of euros) Note Full year 2011 Full year 2010<br />
I - Cash fl ows from operating activities:<br />
Profi t for the period 1,904 1,796<br />
Share of (profi t)/losses of associates, net of dividends received<br />
Adjustments to reconcile net profi t to net cash provided by operating<br />
activities:<br />
(28) (6)<br />
Depreciation of property, plant and equipment 386 358<br />
Amortization of intangible assets other than goodwill 380 387<br />
Impairment losses on non-current assets 31 29<br />
Increase/(decrease) in provisions (89) (49)<br />
Losses/(gains) on disposals of assets 12 (21)<br />
Difference between tax paid and tax expense (65) 14<br />
Other<br />
Net cash provided by operating activities before changes in operating<br />
48 26<br />
assets and liabilities, before tax 2,579 2,534<br />
Decrease/(increase) in accounts receivable (280) (291)<br />
Decrease/(increase) in inventories and work in process (38) (515)<br />
(Decrease)/increase in accounts payable (41) 373<br />
Change in other current assets and liabilities 32 161<br />
Change in working capital requirement (327) (272)<br />
Total I<br />
II - Cash fl ows from investing activities:<br />
2,252 2,262<br />
Purchases of property, plant and equipment (515) (376)<br />
Proceeds from disposals of property, plant and equipment 52 84<br />
Purchases of intangible assets (297) (239)<br />
Proceeds from disposals of intangible assets 14 3<br />
Net cash used by investment in operating assets (746) (528)<br />
Net fi nancial investments 2 (2,873) (1,754)<br />
Purchases of other long-term investments (54) 5<br />
Increase in long-term pension assets (64) -<br />
Sub-total (2,991) (1,749)<br />
Total II<br />
III - Cash fl ows from fi nancing activities:<br />
(3,737) (2,277)<br />
Issuance of long-term debt 24 1,692 1,000<br />
Repayment of long-term debt (500) (1,160)<br />
Sale/(purchase) of own shares - 249<br />
Increase/(reduction) in other fi nancial debt 432 (273)<br />
Issuance of shares 210 305<br />
Dividends paid: <strong>Schneider</strong> <strong>Electric</strong> SA * (856) (195)<br />
Non-controlling interests (69) (46)<br />
Total III 909 (120)<br />
154 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
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