TomTom Reports Third Quarter 2013 Results
Consolidated condensed statements of cash flows
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(in € thousands)
|
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|
Q3 '13
|
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Q3 '12
|
|
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YTD '13
|
|
|
YTD '12
|
|
|
|
|
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|
|
|
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|
|
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|
Operating result
|
|
|
13,615
|
|
|
31,823
|
|
|
21,310
|
|
|
45,611
|
|
Financial (losses)/ gains
|
|
|
-323
|
|
|
-134
|
|
|
-4,576
|
|
|
3,442
|
|
Depreciation and amortisation
|
|
|
27,416
|
|
|
26,577
|
|
|
88,336
|
|
|
82,142
|
|
Change in provisions
|
|
|
-5,361
|
|
|
-6,615
|
|
|
-6,578
|
|
|
-8,500
|
|
Equity-settled stock compensation expenses
|
|
|
1,557
|
|
|
1,281
|
|
|
4,469
|
|
|
4,490
|
|
Changes in working capital:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in inventories
|
|
|
-6,959
|
|
|
3,116
|
|
|
-9,113
|
|
|
958
|
|
Change in receivables and prepayments
|
|
|
842
|
|
|
-11,074
|
|
|
11,503
|
|
|
14,602
|
|
Change in liabilities (excl. Provisions) 3
|
|
|
44,094
|
|
|
8,009
|
|
|
24,075
|
|
|
-54,458
|
|
Cash flow from operations
|
|
|
74,881
|
|
|
52,983
|
|
|
129,426
|
|
|
88,287
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest received
|
|
|
73
|
|
|
433
|
|
|
1,068
|
|
|
983
|
|
Interest paid
|
|
|
-607
|
|
|
-1,715
|
|
|
-2,114
|
|
|
-6,442
|
|
Corporate income taxes received/(paid)
|
|
|
-3,389
|
|
|
-1,466
|
|
|
80,289
|
|
|
-6,781
|
|
Cash flow from operating activities
|
|
|
70,958
|
|
|
50,235
|
|
|
208,669
|
|
|
76,047
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in intangible assets
|
|
|
-21,841
|
|
|
-10,843
|
|
|
-59,977
|
|
|
-31,915
|
|
Investments in property, plant and equipment
|
|
|
-2,663
|
|
|
-1,779
|
|
|
-10,286
|
|
|
-5,792
|
|
Dividend received
|
|
|
45
|
|
|
0
|
|
|
1,001
|
|
|
1,447
|
|
Cash flow from investing activities
|
|
|
-24,459
|
|
|
-12,622
|
|
|
-69,262
|
|
|
-36,260
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Repayment of borrowings
|
|
|
0
|
|
|
-50,000
|
|
|
-75,000
|
|
|
-98,000
|
|
Dividends paid
|
|
|
0
|
|
|
0
|
|
|
-204
|
|
|
0
|
|
Proceeds on issue of ordinary shares
|
|
|
0
|
|
|
0
|
|
|
157
|
|
|
0
|
|
Cash flow from financing activities
|
|
|
0
|
|
|
-50,000
|
|
|
-75,047
|
|
|
-98,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase/(decrease) in cash and cash equivalents
|
|
|
46,499
|
|
|
-12,387
|
|
|
64,360
|
|
|
-58,213
|
|
Cash and cash equivalents at beginning of period
|
|
|
181,139
|
|
|
148,910
|
|
|
164,459
|
|
|
193,579
|
|
Exchange rate effect on cash balances held in foreign currencies
|
|
|
-100
|
|
|
5
|
|
|
-1,281
|
|
|
1,162
|
|
Cash and cash equivalents at end of period
|
|
|
227,538
|
|
|
136,528
|
|
|
227,538
|
|
|
136,528
|
|
|
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