LensCrafters 2013 Annual Report Download - page 18

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13
Investing Activities. The Company’s net cash used in investing activities was Euro 479.8 million, and
Euro 478.3 million in 2013 and 2012, respectively. The primary investment activities in 2013 were related to: (i) the
acquisition of tangible assets for Euro 274.1 million, (ii) the acquisition of intangible assets for Euro 101.1 million, primarily
related to IT infrastructure, (iii) the acquisition of Alain Mikli for Euro 71.9 million and (iv) the acquisition of 36.33% of the
share capital of Salmoiraghi & Viganò for Euro 45.0 million. The primary investment activities in 2012 were related to (i) the
acquisition of tangible assets for Euro 261.5 million, (ii) the acquisition of intangible assets for Euro 117.0 million, mainly
due to the implementation of a new IT infrastructure, (iii) the acquisition of Tecnol for Euro 66.4 million, (iv) the acquisition
of Sun Planet for Euro 21.9 million and (v) other minor acquisitions for Euro 11.4 million.
Financing Activities. The Company’s net cash used in financing activities was Euro 568.8 million and Euro 668.4
million in 2013 and 2012, respectively. Cash used in financing activities in 2013 mainly related to repayment of maturing
outstanding debt for Euro 327.1, aggregate dividend payments to stockholders of Euro 273.7 which were partially offset by
cash proceeds from the exercise of stock options totaling Euro 75.3 million. Cash used in financing activities in 2012 mainly
related to proceeds received from the issuance of bonds of Euro 500.0 million, offset by the repayment of maturing
outstanding debt of Euro 935.2 million and aggregate dividend payments to stockholders of Euro 227.4 million.