FRA:ZEF Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012	2008 - 2012
Period Ending	Jun '17 Jun 30, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012	2008 - 2012
Net Income	69.1	64.57	-16.14	-0.95	-8.26	-12.23	Upgrade
Depreciation & Amortization	-0.51	0.01	0.1	0.15	0.26	0.46	Upgrade
Other Amortization	0.03	0.03	0.04	0.04	0.09	0.05	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	-	-10.3	0.03	Upgrade
Asset Writedown & Restructuring Costs	-	-	-	-5.36	11.37	7.43	Upgrade
Provision & Write-off of Bad Debts	-5.81	-2.86	3.01	0.37	-0.08	0.17	Upgrade
Other Operating Activities	-60.95	-63.71	10.82	-2.76	-4.45	-4.6	Upgrade
Change in Accounts Receivable	-45.12	-3.72	-	-1.24	-0.39	0.96	Upgrade
Change in Inventory	0.17	0.04	-	0.48	-1.28	-0.6	Upgrade
Change in Accounts Payable	-1.1	2.01	0.93	9.31	4.06	-1.91	Upgrade
Change in Other Net Operating Assets	-46.25	-117.18	1.37	-27.9	-8.41	-29.46	Upgrade
Operating Cash Flow	-133.28	-163.65	-71.64	-27.88	-17.41	-39.71	Upgrade
Capital Expenditures	-0.01	-	-	-0.04	-0.14	-1.02	Upgrade
Sale of Property, Plant & Equipment	-	-	-	0.03	-	-	Upgrade
Divestitures	60.82	60.82	-	1.22	4.89	-	Upgrade
Other Investing Activities	-0.02	-0.02	-0.07	-	-	-	Upgrade
Investing Cash Flow	60.8	60.8	-0.07	1.22	4.75	-1.02	Upgrade
Long-Term Debt Issued	-	-	-	-	27.25	24.35	Upgrade
Total Debt Issued	-33.37	-	-	-	27.25	24.35	Upgrade
Long-Term Debt Repaid	-	-	-	-6.69	-5.87	-5.12	Upgrade
Total Debt Repaid	0.75	-	-	-6.69	-5.87	-5.12	Upgrade
Net Debt Issued (Repaid)	-32.62	-	-	-6.69	21.38	19.22	Upgrade
Common Dividends Paid	-0.51	-0.51	-	-	-	-	Upgrade
Other Financing Activities	31.02	32.7	54.27	1.48	2.83	5.07	Upgrade
Financing Cash Flow	-2.12	32.19	54.27	-5.21	24.21	24.29	Upgrade
Foreign Exchange Rate Adjustments	-0.62	-3.86	6.08	9	-1.79	-0.56	Upgrade
Net Cash Flow	-75.23	-74.52	-11.36	-22.87	9.76	-17	Upgrade
Free Cash Flow	-133.29	-163.65	-71.64	-27.91	-17.55	-40.73	Upgrade
Free Cash Flow Margin	-1655.11%	-4397.98%	-10805.28%	-79.80%	-142.56%	-164.50%	Upgrade
Free Cash Flow Per Share	-10.58	-12.99	-5.69	-2.21	-1.39	-3.23	Upgrade
Cash Interest Paid	-	-	-	6.92	5	4.24	Upgrade
Cash Income Tax Paid	0.18	-	0.09	0.3	0.61	0.48	Upgrade
Levered Free Cash Flow	-101.93	-93.13	-25.82	3.62	-7.71	-15.97	Upgrade
Unlevered Free Cash Flow	-100.2	-93.12	-25.82	7.38	-5.38	-14.4	Upgrade

Updated Mar 27, 2019. Source: S&P Global Market Intelligence. Standard template. Financial Sources.