Volvo 2009 Annual Report Download - page 138

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Eleven-year summary
Consolidated cash-flow statements
SEK bn 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Operating income17.5 6.7 (0.7) 2.8 2.5 14.7 18.2 20.4 22.2 15.9 (17.0)
Depreciation and amortization 5.2 6.3 10.0 10.8 10.2 10.0 9.9 12.4 12.5 13.5 15.2
Other items not affecting cash (0.3) (0.4) 0.5 2.0 4.9 (0.1) 0.4 0.7 (0.5) (0.2) 4.4
Change in working capital (1.0) (3.3) 6.4 1.0 0.4 (1.4) (4.7) (7.7) (9.9) (23.3) 16.9
Customer financing receiv ables, net (7.1) (4.5) (3.7) (5.7) (4.3) (7.4) (7.8) – – – –
Financial items and income tax (1.7) (1.3) (2.1) (1.3) (0.9) (0.5) (2.0) (4.3) (5.9) (5.2) (4.6)
Cash-flow from operating
activities 2.6 3.5 10.4 9.6 12.8 15.3 14.0 21.5 18.4 0.7 14.9
Investments in fixed assets (4.9) (5.4) (8.1) (6.7) (6.0) (7.4) (10.3) (10.0) (10.1) (12.7) (10.5)
Investments in leasing assets (5.6) (5.7) (5.8) (5.2) (5.3) (4.4) (4.5) (4.6) (4.8) (5.4) (4.2)
Disposals of fixed assets and
leasing assets 1.6 2.1 2.6 3.2 2.9 2.4 2.6 3.2 2.9 2.9 3.8
Shares and participations, net (25.9) (1.6) 3.9 (0.1) (0.1) 15.1 0.3 (5.8) 0.4 0.0 0.0
Acquired and divested subsidiaries
and other business units, net 31.0 0.0 13.0 (0.2) 0.0 (0.1) 0.7 0.5 (15.0) (1.3) 0.2
Interest-bearing receivables
including marketable securities (16.9) 11.7 (3.7) (1.5) (2.0) (6.4) (1.3) 7.7 3.6 10.9 (8.9)
Cash-flow after net investments (18.1) 4.6 12.3 (0.9) 2.3 14.5 1.5 12.5 (4.6) (4.9) (4.7)
Increase (decrease) in loans 16.3 8.1 6.2 (0.1) 1.9 (8.8) 3.6 (2.6) 28.7 18.2 12.6
Repurchase of own shares –(11. 8) (8.3) – – (2.5) (1.8) – – – 0.0
Cash dividend/payment to
AB Volvo’s shareholders (2.6) (3.1) (3.4) (3.4) (3.4) (3.4) (5.1) (6.8) (20.3) (11.1) (4.1)
Other (0.1) 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 (0.1)
Change in cash and cash
equivalents excluding
translation differences (4.5) (2.2) 6.9 (4.3) 0.9 (0.2) (1.8) 3.1 3.8 2.2 3.7
Translation differences on cash
and cash equivalents (0.2) 0.3 0.6 (0.7) (0.6) (0.2) 1.1 (0.5) 0.0 1.0 (0.2)
Change in cash and cash
equivalents (4.7) (1.9) 7.5 (5.0) 0.3 (0.4) (0.7) 2.6 3.8 3.2 3.5
1 1999, excluding gain on sale of Volvo Cars of SEK 26.7 billion.
Operating cash-flow Industrial operations
SEK bn 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Operating income 6.4 5.2 (1.0) 2.3 1.6 13.3 16.1 18.7 20.6 14.5 (16.3)
Depreciation and amortization 3.1 3.8 7.0 7.8 7.2 7.1 7.3 9.8 10.3 11. 8 12.4
Other items not affecting cash (0.5) (1.6) 0.0 1.0 4.1 (0.6) 0.2 0.2 (0.4) (0.7) 2.3
Change in working capital (1.6) (3.0) 6.8 0.4 0.7 (1.4) (5.6) (3.1) (0.1) (10.9) 4.7
Financial items and income taxes (1.7) (0.8) (2.3) (1.1) (0.7) (0.2) (1.9) (3.7) (6.0) (5.0) (4.7)
Cash flow from operating
activities 5.7 3.6 10.5 10.4 12.9 18.2 16.1 21.9 24.4 9.7 (1.6)
Investments in fixed assets (4.7) (5.1) (7.7) (6.3) (5.8) (7.2) (9.9) (9.7) (10.1) (12.6) (10.3)
Investments in leasing assets (0.5) (0.6) (0.5) (0.1) (0.1) (0.3) (0.3) (0.5) (0.2) (0.4) (0.2)
Disposals of fixed assets and
leasing assets 0.8 0.7 1.1 1.1 0.6 0.7 0.9 0.9 1.1 0.6 0.7
Operating cash-flow 1.3 (1.4) 3.4 5.1 7.6 11.4 6.8 12.6 15.2 (2.7) (11.4)
FINANCIAL INFORMATION 2009
134