Chrysler 2015 Annual Report Download - page 137

2015 | ANNUAL REPORT
Consolidated
Financial Statements
137
Consolidated Statement
of Cash Flows
Consolidated Statement of Cash Flows
for the Years Ended December31, 2015, 2014 and 2013
For the Years Ended December 31,
2015 2014 2013
Note (€ million)
Cash and cash equivalents at beginning of the period (18) 22,840 19,455 17,666
Cash flows from operating activities:
Net profit from continuing operations 93 359 1,708
Amortization and depreciation 5,414 4,607 4,364
Net losses on disposal of tangible and intangible assets 18 8 32
Net (gains) on disposal of investments —(9) (8)
Other non-cash items (27) 812 348 531
Dividends received 112 87 92
Change in provisions 3,206 1,169 464
Change in deferred taxes (279) (179) (1,569)
Change due to buy-back commitments and GDP vehicles 6177 92
Change in working capital (27) (158) 779 1,378
Cash flows from operating activities - discontinued operations 527 823 534
Total 9,751 8,169 7,618
Cash flows used in investing activities:
Investments in property, plant and equipment and intangible assets (8,819) (7,804) (7,219)
Investments in joint ventures, associates and unconsolidated
subsidiaries (266) (17) (166)
Proceeds from the sale of tangible and intangible assets 29 38 55
Proceeds from disposal of other investments —38 5
Net change in receivables from financing activities 410 78 (409)
Change in current securities (256) 43 (10)
Other changes 28 16 (9)
Cash flows used in investing activities - discontinued operations (426) (532) (301)
Total (9,300) (8,140) (8,054)
Cash flows from/(used in) financing activities: (27)
Issuance of notes 2,840 4,629 2,866
Repayment of notes (7,241) (2,150) (1,000)
Issuance of other medium-term borrowings 3,061 4,873 3,188
Repayment of other medium-term borrowings (4,412) (5,834) (2,556)
Net change in other financial payables and other financial assets/
liabilities (36) 496 662
Net proceeds from initial public offering of 10 percent of Ferrari N.V. 866 — —
Issuance of Mandatory Convertible Securities and other share issuances (19) —3,094 —
Cash Exit Rights following the merger of Fiat into FCA —(417) —
Exercise of stock options —146 4
Distributions paid (283) — (1)
Distribution of certain tax obligations —(45) (6)
Acquisition of non-controlling interests (27) —(2,691) (34)
Capital increase 10 — —
Cash flows from financing activities - discontinued operations 2,067 36 13
Total (3,128) 2,137 3,136
Translation exchange differences 681 1,219 (911)
Total change in Cash and cash equivalents (1,996) 3,385 1,789
Cash and cash equivalents at end of the period - included within Assets
held for distribution 182 — —
Cash and cash equivalents at end of the period (18) 20,662 22,840 19,455
The accompanying notes are an integral part of the Consolidated Financial Statements.