Chrysler 2012 Annual Report Download - page 63

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Industrial Activities
For 2012, Industrial Activities absorbed cash and cash equivalents of €18 million. Excluding Chrysler (which generated cash and cash equivalents of
€1,383 million), Fiat absorbed €1,401 million in cash.
Operating activities generated €6,339 million in cash, of which €5,889 million attributable to Chrysler and €450 million attributable to Fiat excluding
Chrysler. Operating cash flow for Fiat excluding Chrysler was impacted by a €581 million increase in working capital.
Investing activities absorbed a total of €7,457 million, primarily for investments in tangible and intangible assets (€7,530 million, of which €3,219
million attributable to Fiat excluding Chrysler).
Financing activities generated €1,500 million in cash related primarily to a net increase in borrowings (approximately €1.1 billion in net bond
proceeds and €0.5 billion in other debt), which was partially offset by dividend payments to Fiat S.p.A. shareholders and minorities in group subsidiaries
(€58 million).
Financial Services
Cash and cash equivalents for Financial Services totaled €246 million at 31 December 2012, increasing €149 million over the beginning of the year.
Changes in cash were attributable to:
Operating activities, which generated €119 million in cash (principally net profit plus amortization and depreciation).
Investing activities (including changes in financial receivables from/debt payable to industrial companies), which absorbed €82 million in cash,
primarily due to an increase in the lending portfolio, net of repayment of loans from treasury companies (included under other changes).
Financing activities, which generated a total of €131 million in cash, consisting of €143 million of net inflows from new financing, net of dividends
paid to companies included under Industrial Activities.
Financial
Review –
Fiat Group
Report on
Operations