Chrysler 2014 Annual Report Download - page 147

2014 | ANNUAL REPORT
Consolidated
Financial Statements
145
Consolidated Statement
of Cash Flows
Consolidated Statement of Cash Flows
for the years ended December 31, 2014, 2013 and 2012
For the years ended December 31,
2014 2013 2012
Note (€ million)
Cash and cash equivalents at beginning of the period (21) 19,455 17,666 17,526
Cash flows provided by operating activities:
Net profit for the period 632 1,951 896
Amortization and depreciation 4,897 4,635 4,201
Net losses on disposal of tangible and intangible assets 831 14
Net (gains)/losses on disposal of investments (10) (8) 91
Other non-cash items (32) 352 535 582
Dividends received 87 92 89
Change in provisions 1,239 457 63
Change in deferred taxes (179) (1,578) (72)
Change in items due to buy-back commitments and GDP vehicles (32) 178 93 (61)
Change in working capital (32) 965 1,410 689
Total 8,169 7,618 6,492
Cash flows used in investing activities:
Investments in property, plant and equipment and intangible assets (32) (8,121) (7,492) (7,564)
Acquisitions and capital increases in joint ventures, associates and
unconsolidated subsidiaries (17) (166) (24)
Net cash acquired in the acquisition of interests in subsidiaries and
joint operations (32) 615 14
Proceeds from the sale of tangible and intangible assets 40 59 118
Proceeds from disposal of other investments 38 5 21
Net change in receivables from financing activities (137) (459) (14)
Change in current securities 43 (10) (64)
Other changes 8(6) (29)
Total (8,140) (8,054) (7,542)
Cash flows provided by financing activities:
Issuance of bonds 4,629 2,866 2,535
Repayment of bonds (2,150) (1,000) (1,450)
Issuance of other medium-term borrowings 4,876 3,188 1,925
Repayment of other medium-term borrowings (5,838) (2,558) (1,535)
Net change in other financial payables and other financial assets/
liabilities 548 677 171
Issuance of Mandatory Convertible Securities and other share
issuances (23) 3,094 - -
Cash Exit Rights following the merger of Fiat into FCA (417) - -
Exercise of stock options 146 4 22
Dividends paid (15) (1) (58)
Distribution of certain tax obligations of the VEBA Trust (32) (45) - -
Acquisition of non-controlling interests (32) (2,691) (34) -
Distribution for tax withholding obligations on behalf of non-
controlling interests -(6) -
Total 2,137 3,136 1,610
Translation exchange differences 1,219 (911) (420)
Total change in Cash and cash equivalents 3,385 1,789 140
Cash and cash equivalents at end of the period (21) 22,840 19,455 17,666
The accompanying notes are an integral part of the Consolidated financial statements.