Chrysler 2010 Annual Report Download - page 87

REPORT ON
OPERATIONS
86
FINANCIAL
REVIEW –
FIAT GROUP
Industrial Activities
For 2010, Industrial Activities generated cash and cash equivalents totaling €3,386 million.
Operating activities generated cash of €5,884 million attributable to income-related cash inflows (net profit plus amortization and depreciation), net of
gains/(losses) on disposal and other non-cash items, changes in provisions, deferred taxes, items relating to vehicles sold under buy-back commitments
or leased, and dividends received, which generated a total of €3,998 million, and the decrease in working capital which, on a comparable scope of
operations and at constant exchange rates, amounted to €1,886 million.
Investing activities absorbed a total of €2,372 million in cash primarily related to investments in tangible and intangible assets and equity investments
(€4,077 million), which was only partly offset by the decrease in funding provided to the Group’s financial services companies by central treasury
companies (included under other changes).
Financing activities used €341 million in cash, consisting primarily because of €239 million in dividend payments.
Financial Services
Cash and cash equivalents for Financial Services activities totaled €1,448 million at 31 December 2010 substantially in line (+€41 million) with the figure
for 31 December 2009.
Changes in cash were attributable to:
Operating activities, which generated €556 million in cash, principally from income-related cash inflows.
Investing activities (including changes in financial receivables from/payables to industrial companies) absorbed €1,658 million in cash primarily due
to a decrease in funding received from treasury companies (included under other changes);
Financing activities that generated a total of €999 million: new borrowing and capital increases more than offset the amount of dividends distributed
to industrial companies.