Reebok 2013 Annual Report Download - page 196

Download and view the complete annual report

Please find page 196 of the 2013 Reebok annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 264

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264

7
adidas Group
/
2013 Annual Report
Consolidated Financial Statements
192
2013
Consolidated Statement of Cash Flows
/
04.7
/
..
/
adidas AG Consolidated Statement of Cash Flows (IFRS) (€ in millions)
Note Year ending
Dec. 31, 2013
Year ending
Dec. 31, 2012
Operating activities:
Income before taxes 1,134 851
Adjustments for:
Depreciation, amortisation and impairment losses 11, 12, 13, 30, 32 346 536
Reversals of impairment losses 29 (2) (2)
Unrealised foreign exchange losses/(gains), net 10 (26)
Interest income 32 (25) (35)
Interest expense 32 73 97
Losses on sale of property, plant and equipment, net 7 12
Other non-cash income 29, 30 (1) (3)
Operating profit before working capital changes 1,542 1,430
Increase in receivables and other assets (309) (135)
(Increase)/decrease in inventories (301) 23
Increase in accounts payable and other liabilities 164 94
Cash generated from operations before interest and taxes 1,096 1,412
Interest paid (68) (90)
Income taxes paid (394) (380)
Net cash generated from operating activities 634 942
Investing activities:
Purchase of trademarks and other intangible assets (52) (58)
Proceeds from sale of trademarks and other intangible assets 1 1
Purchase of property, plant and equipment (427) (376)
Proceeds from sale of property, plant and equipment 4 19
Acquisition of subsidiaries and other business units net of cash acquired 3 — (57)
Proceeds from disposal of subsidiaries net of cash — 14
Proceeds from sale of short-term financial assets 226 195
(Purchase of)/proceeds from investments and other long-term assets (20) 10
Interest received 25 35
Net cash used in investing activities (243) (217)
Financing activities:
Repayments of long-term borrowings — (3)
Proceeds from issue of a convertible bond 17 — 496
Repayments of finance lease obligations (2) —
Dividend paid to shareholders of adidas AG 25 (282) (209)
Dividend paid to non-controlling interest shareholders (1) (3)
Acquisition of non-controlling interests — (8)
Proceeds from short-term borrowings 67 —
Repayments of short-term borrowings (221) (231)
Net cash (used in)/generated from financing activities (439) 42
Effect of exchange rates on cash (35) (3)
(Decrease)/increase of cash and cash equivalents (83) 764
Cash and cash equivalents at beginning of the year 4 1,670 906
Cash and cash equivalents at the end of period 4 1,587 1,670
Rounding differences may arise in percentages and totals.
The accompanying notes are an integral part of these consolidated financial statements.
Consolidated Statement of Cash Flows