| (in € thousands) | Q2 '13 | Q2 '12 | H1 '13 | H1 '12 | ||||||||||||
| Operating result | 7,648 | 13,934 | 7,695 | 13,789 | ||||||||||||
| Financial (losses)/ gains | -1,610 | 618 | -4,253 | 3,576 | ||||||||||||
| Depreciation and amortisation | 32,212 | 27,329 | 60,920 | 55,566 | ||||||||||||
| Change in provisions | 806 | 3,359 | -1,218 | -1,885 | ||||||||||||
| Equity-settled stock compensation expenses | 1,470 | 1,627 | 2,912 | 3,210 | ||||||||||||
| Changes in working capital: | ||||||||||||||||
| Change in inventories | 5,348 | -10,843 | -2,154 | -2,158 | ||||||||||||
| Change in receivables and prepayments | -23,277 | -53,716 | 10,660 | 25,676 | ||||||||||||
| Change in current liabilities (exc. Provisions) | 4,883 | 36,889 | -20,018 | -62,467 | ||||||||||||
| Cash flow from operations | 27,480 | 19,197 | 54,544 | 35,307 | ||||||||||||
| Interest received | 613 | 121 | 995 | 551 | ||||||||||||
| Interest paid | -635 | -2,093 | -1,507 | -4,727 | ||||||||||||
| Corporate income taxes received/(paid) | 18,030 | -6,954 | 83,678 | -5,318 | ||||||||||||
| Cash flow from operating activities | 45,488 | 10,271 | 137,710 | 25,813 | ||||||||||||
| Investments in intangible assets | -18,101 | -9,738 | -35,800 | -21,072 | ||||||||||||
| Investments in property, plant and equipment | -4,034 | -2,147 | -7,623 | -4,012 | ||||||||||||
| Acquisition of subsidiary | -2,335 | 0 | -2,335 | 0 | ||||||||||||
| Dividend received | 456 | 1,447 | 955 | 1,447 | ||||||||||||
| Cash flow from investing activities | -24,014 | -10,438 | -44,803 | -23,637 | ||||||||||||
| Repayment of borrowings | 0 | -20,000 | -75,000 | -48,000 | ||||||||||||
| Dividends paid | 0 | 0 | -204 | 0 | ||||||||||||
| Proceeds on issue of ordinary shares | 157 | 0 | 157 | 0 | ||||||||||||
| Cash flow from financing activities | 157 | -20,000 | -75,047 | -48,000 | ||||||||||||
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Net increase/(decrease) in cash and cash
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21,631 | -20,167 | 17,860 | -45,824 | ||||||||||||
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Cash and cash equivalents at beginning of
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160,955 | 168,014 | 164,459 | 193,579 | ||||||||||||
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Exchange rate effect on cash balances held in
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-1,447 | 1,063 | -1,180 | 1,155 | ||||||||||||
| Cash and cash equivalents at end of period | 181,139 | 148,910 | 181,139 | 148,910 | ||||||||||||
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TomTom Reports Second Quarter 2013 Results
Consolidated condensed statements of cash flows
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