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
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
Net Income	69.1	64.57	-16.14	-0.95	-8.26	-12.23
Depreciation & Amortization	-0.51	0.01	0.1	0.15	0.26	0.46
Other Amortization	0.03	0.03	0.04	0.04	0.09	0.05
Loss (Gain) From Sale of Assets	-	-	-	-	-10.3	0.03
Asset Writedown & Restructuring Costs	-	-	-	-5.36	11.37	7.43
Provision & Write-off of Bad Debts	-5.81	-2.86	3.01	0.37	-0.08	0.17
Other Operating Activities	-60.95	-63.71	10.82	-2.76	-4.45	-4.6
Change in Accounts Receivable	-45.12	-3.72	-	-1.24	-0.39	0.96
Change in Inventory	0.17	0.04	-	0.48	-1.28	-0.6
Change in Accounts Payable	-1.1	2.01	0.93	9.31	4.06	-1.91
Change in Other Net Operating Assets	-46.25	-117.18	1.37	-27.9	-8.41	-29.46
Operating Cash Flow	-133.28	-163.65	-71.64	-27.88	-17.41	-39.71
Capital Expenditures	-0.01	-	-	-0.04	-0.14	-1.02
Sale of Property, Plant & Equipment	-	-	-	0.03	-	-
Divestitures	60.82	60.82	-	1.22	4.89	-
Other Investing Activities	-0.02	-0.02	-0.07	-	-	-
Investing Cash Flow	60.8	60.8	-0.07	1.22	4.75	-1.02
Long-Term Debt Issued	-	-	-	-	27.25	24.35
Total Debt Issued	-33.37	-	-	-	27.25	24.35
Long-Term Debt Repaid	-	-	-	-6.69	-5.87	-5.12
Total Debt Repaid	0.75	-	-	-6.69	-5.87	-5.12
Net Debt Issued (Repaid)	-32.62	-	-	-6.69	21.38	19.22
Common Dividends Paid	-0.51	-0.51	-	-	-	-
Other Financing Activities	31.02	32.7	54.27	1.48	2.83	5.07
Financing Cash Flow	-2.12	32.19	54.27	-5.21	24.21	24.29
Foreign Exchange Rate Adjustments	-0.62	-3.86	6.08	9	-1.79	-0.56
Net Cash Flow	-75.23	-74.52	-11.36	-22.87	9.76	-17
Free Cash Flow	-133.29	-163.65	-71.64	-27.91	-17.55	-40.73
Free Cash Flow Margin	-1655.11%	-4397.98%	-10805.28%	-79.80%	-142.56%	-164.50%
Free Cash Flow Per Share	-10.58	-12.99	-5.69	-2.21	-1.39	-3.23
Cash Interest Paid	-	-	-	6.92	5	4.24
Cash Income Tax Paid	0.18	-	0.09	0.3	0.61	0.48
Levered Free Cash Flow	-101.93	-93.13	-25.82	3.62	-7.71	-15.97
Unlevered Free Cash Flow	-100.2	-93.12	-25.82	7.38	-5.38	-14.4
Change in Working Capital	-92.3	-118.85	2.29	-19.36	-6.03	-31

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