120 / Cash flow Statement of ProSiebenSat.1 Group in EUR m

 

2017

2016

Result from continuing operations

481

452

Result from discontinued operations (net of income taxes)

–/–

–42

Result for the period

481

410

Income taxes

165

206

Financial result

174

119

Depreciation/amortization and impairment of other intangible and tangible assets

263

206

Consumption/reversal of impairment of programming assets

1,140

912

Change in provisions for pensions and other provisions

4

25

Gain/loss on the sale of assets

–303

–7

Other non-cash income/expenses

4

3

Change in working capital

–88

–14

Dividends received

6

6

Income tax paid

–164

–210

Interest paid

–65

–82

Interest received

3

3

Cash flow from operating activities of continuing operations

1,621

1,619

Cash flow from operating activities of discontinued operations

–/–

–42

Cash flow from operating activities total

1,621

1,577

Proceeds from disposal of non-current assets

38

33

Payments for the acquisition of other intangible and tangible assets

–156

–160

Payments for the acquisition of financial assets

–28

–90

Proceeds from disposal of programming assets

23

17

Payments for the acquisition of programming assets

–1,048

–992

Payments for the issuance of loan receivables to external parties

0

0

Proceeds for the issuance of loan repayments from external parties

1

0

Proceeds from the repayment of loans to financial assets

1

–/–

Cash flow from obtaining control of subsidiaries or other business (net of cash and cash equivalents acquired)

–197

–420

Cash flow from losing control of subsidiaries or other business (net of cash and cash equivalents disposed of)

473

–11

Cash flow from investing activities of continuing operations

–894

–1,623

Free cash flow of continuing operations

728

–4

Free cash flow of discontinued operations

–/–

–42

Free cash flow

728

–46

Dividends paid

–435

–386

Repayment of interest-bearing liabilities

–9

–316

Proceeds from issuance of interest-bearing liabilities

7

807

Repayment of finance lease liabilities

–16

–15

Proceeds from the sale of treasury shares

2

6

Proceeds from the share issuance

–/–

512

Proceeds from the sale of shares in other entities without change in control

52

–/–

Payments for shares in other entities without change in control

–9

–1

Proceeds from non-controlling interests

1

1

Payments in connection with refinancing measures

–5

–2

Dividend payments to non-controlling interests

–15

–21

Cash flow from financing activities of continuing operations

–426

584

Effect of foreign exchange rate changes on cash and cash equivalents

–14

0

Change in cash and cash equivalents total

288

537

Cash and cash equivalents at beginning of reporting period

1,271

734

Cash and cash equivalents at end of reporting period

1,559

1,271

Cash and cash equivalents classified under assets held for sale at end of reporting period

7

–/–

Cash and cash equivalents of continuing operations at end of reporting period (statement of financial position)

1,552

1,271