LensCrafters 2013 Annual Report Download - page 95
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Financial statements as of December 31, 2013 Page 5 of 7
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012
(Amounts in thousands of Euro)
Note
2013
2012
Restated (****)
Income before provision for income taxes
956,366
844,447
Stock-based compensation 34 28,078
41,365
Depreciation, amortization and impairment 10/11 366,653
358,281
Net loss on disposals of fixed assets and intangible assets 10/11 15,609
32,700
Financial expenses 100,392
138,140
Other non-cash items
(
*)
—
14,237
Changes in accounts receivable (16,827)
(34,568)
Changes in inventories 11,785
(80,534)
Changes in accounts payable 12,538
61,472
Changes in other assets/liabilities (30,433)
51,303
Total adjustments 487,794
582,395
Cash provided by operating activities 1,444,160
1,426,842
Interest paid (94,456)
(120,762)
Taxes paid (427,857)
(265,651)
Net Cash provided by operating activities 921,847
1,040,430
Additions of property, plant and equipment 10 (274,114)
(261,518)
Disposals of property plant and equipment 2,366
—
Purchases of businesses—net of cash acquired
(*
*)
4 (73,015)
(99,738)
Sale of business 13,553
—
Investments in equity investees
(**
*
)
12 (47,507)
—
Additions to intangible assets 11 (101,085)
(117,005)
Cash used in investing activities (479,801
(478,261)
Long-term debt:
—Proceeds 21 4,504
512,700
—Repayments 21 (327,068)
(935,173)
(Decrease) in short-term lines of credit (44,303)
(102,018)
Exercise of stock options 25 75,266
88,267
Dividends 35 (277,186)
(232,134)
Cash used in financing activities 568,787
(668,358)
Increase/(Decrease) in cash and cash equivalents (126,742)
(106,190)
Cash and cash equivalents, beginning of the period 790,093
905,100
Effect of exchange rate changes on cash and cash equivalents (45,355)
(8,817)
Cash and cash equivalents, end of the period 617,995
790,093