Volvo 2014 Annual Report Download - page 186

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Consolidated cash-fl ow statements
SEK bn 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Operating income (loss) 5.8 7.1 17.6 26.9 18.0 (17.0) 15.9 22.2 20.4 18.2 14.7
Depreciation and amortization 15.9 17.4 14.7 13.9 13.8 15.2 13.5 12.5 12.4 9.9 10.0
Other non-cash items 6.1 2.4 1.4 1.3 1.6 4.4 (0.2) (0.5) 0.7 0.4 (0.1)
Change in working capital (14.1) (10.8) (21.9) (15.1) 4.8 16.9 (23.3) (9.9) (7.7) (4.7) (1.4)
Customer fi nancing receivables, net –––––––––(7.8)(7.4)
Financial items and income tax (5.0) (5.1) (8.0) (7.3) (5.5) (4.6) (5.2) (5.9) (4.3) (2.0) (0.5)
Cash-fl ow from operating
activities 8.7 11.0 3.8 19.7 32.7 14.9 0.7 18.4 21.5 14.0 15.3
Investments in fi xed assets (8.6) (12.2) (14.6) (12.6) (10.4) (10.5) (12.7) (10.1) (10.0) (10.3) (7.4)
Investments in leasing assets (10.1) (8.2) (10.0) (7.4) (4.8) (4.2) (5.4) (4.8) (4.6) (4.5) (4.4)
Disposals of fi xed assets and leasing assets 5.0 3.4 3.1 3.3 3.1 3.8 2.9 2.9 3.2 2.6 2.4
Shares and participations, net 0.1 0.0 (1.2) (0.1) (0.1) 0.0 0.0 0.4 (5.8) 0.3 15.1
Acquired and divested subsidiaries and other
business units, net 7.4 0.9 3.4 (1.6) 0.6 0.2 (1.3) (15.0) 0.5 0.7 (0.1)
Interest-bearing receivables including
marketable securities (4.8) 0.5 3.7 2.6 6.8 (8.9) 10.9 3.6 7.7 (1.3) (6.4)
Cash-fl ow after net investments (2.3) (4.6) (11.8) 3.9 27.9 (4.7) (4.9) (4.6) 12.5 1.5 14.5
Changein loans, net 6.7 13.0 14.1 8.7 (25.7) 12.6 18.2 28.7 (2.6) 3.6 (8.8)
Repurchase of own shares – – – – – 0.0 – – – (1.8) (2.5)
Dividend to AB Volvo’s shareholders (6.1) (6.1) (6.1) (5.1) 0.0 (4.1) (11.1) (20.3) (6.8) (5.1) (3.4)
Dividend to minority shareholder's 0.0(0.2)0.00.0(0.1)––––––
Other (0.1) 0.1 0.0 0.0 0.0 (0.1) 0.0 0.0 0.0 0.0 0.0
Change in cash and cash equivalents
excluding translation differences (1.8) 2.2 (3.8) 7.5 2.1 3.7 2.2 3.8 3.1 (1.8) (0.2)
Translation differences on cash and cash
equivalents 1.1 (0.5) (0.8) (0.1) (0.4) (0.2) 1.0 0.0 (0.5) 1.1 (0.2)
Change in cash and cash
equivalents (0.7) 1.7 (4.6) 7.4 1.7 3.5 3.2 3.8 2.6 (0.7) (0.4)
Operating cash-fl ow Industrial Operations
SEK bn 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Operating income 4.1 5.6 16.1 26.0 17.8 (16.3) 14.5 20.6 18.7 16.1 13.3
Depreciation and amortization 12.7 14.5 12.0 11.4 11.4 12.4 11.8 10.3 9.8 7.3 7.1
Other items not affecting cash 5.3 1.5 0.8 0.6 0.1 2.3 (0.7) (0.4) 0.2 0.2 (0.6)
Change in working capital (3.3) (2.0) (9.2) (4.2) 4.6 4.7 (10.9) (0.1) (3.1) (5.6) (1.4)
Financial items and income taxes (4.5) (4.9) (7.3) (6.9) (5.1) (4.7) (5.0) (6.0) (3.7) (1.9) (0.2)
Cash-fl ow from operating activities 14.3 14.7 12.4 26.9 28.8 (1.6) 9.7 24.4 21.9 16.1 18.2
Investments in fi xed assets (8.6) (12.2) (14.6) (12.6) (10.3) (10.3) (12.6) (10.1) (9.7) (9.9) (7.2)
Investments in leasing assets (0.5) (1.5) (3.6) (1.4) (0.3) (0.2) (0.4) (0.2) (0.5) (0.3) (0.3)
Disposals of fi xed assets and leasing assets 1.1 0.5 0.9 1.2 0.8 0.7 0.6 1.1 0.9 0.9 0.7
Operating cash-fl ow 6.4 1.5 (4.9) 14.1 19.0 (11.4) (2.7) 15.2 12.6 6.8 11.4
FINANCIAL INFORMATION 2014
182