LensCrafters 2015 Annual Report Download - page 91
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Consolidated financial statement as of December 31, 2015 Page 5 di 7
CONSOLIDATED STATEMENT OF CASH FLOWS
(In thousands of Euro) Note
Ref. 2015 2014
Income before provision for income taxes
1,277,914 1,060,080
Stock-based compensation
49,692 31,826
Depreciation and amortization 10/11 476,888 383,996
Net loss on disposals of fixed assets and intangible assets 10/11 22,877 16,339
Financial expenses
106,439 109,659
Other non-cash items
(4,770) (1,295)
Changes in accounts receivable
(108,648) (41,254)
Changes in inventories
(85,217) 7,326
Changes in accounts payable
115,635 24,578
Changes in other assets/liabilities
(7,827) 21,194
Total adjustments
565,069 552,369
Cash provided by operating activities
1,842,983 1,612,449
Interest paid
(79,752) (93,135)
Taxes paid
(565,940) (349,196)
Net cash provided by operating activities
1,197,291 1,170,118
Additions of property, plant and equipment 10 (319,817) (280,779)
Disposals of property plant and equipment
Purchases of businesses—net of cash acquired
(*)
(21,017) (41,091)
Investments in equity investees 12 1,502 1,161
Additions to intangible assets 11 (143,987) (138,547)
Net cash used in investing activities
(483,319) (459,256)