AIRBUS - 2019 Financial Statements

Airbus SE – IFRS Consolidated Financial Statements / Airbus SE – IFRS Consolidated Statement of Cash Flows for the years ended 31 December 2019 and 2018 (In € million) Note 2019 2018 Operating activities (Loss) Profit for the period attributable to equity owners of the parent (Net income) (1,362) 3,054 (Loss) Profit for the period attributable to non-controlling interests 37 (43) Adjustments to reconcile profit for the period to cash provided by operating activities Interest income (228) (208) Interest expense 339 440 Interest received 151 186 Interest paid (187) (292) Income tax expense 2,389 1,274 Income tax paid (1,476) (897) Depreciation and amortisation 10 2,927 2,444 Valuation adjustments 600 (1,849) Results on disposals of non-current assets (77) (261) Results of investments accounted for under the equity method (299) (330) Change in current and non-current provisions 475 1,952 Contribution to plan assets (1,752) (2,519) Change in other operating assets and liabilities 2,216 (633) Inventories 117 (671) Trade receivables 29 (881) Contract assets and liabilities 1,297 (684) Trade liabilities (1,625) 2,294 Other assets and liabilities and others 2,398 (691) Cash provided by operating activities (1) 3,753 2,318 Investing activities Purchases of intangible assets, property, plant and equipment, investment property (2,340) (2,285) Proceeds from disposals of intangible assets, property, plant and equipment and investment property 112 213 Acquisitions of subsidiaries, joint ventures, businesses and non-controlling interests (net of cash) 8 129 Payments for investments accounted for under the equity method, other investments and other long-term financial assets (952) (707) Proceeds from disposals of investments accounted for under the equity method, other investments and other long-term financial assets 358 597 Dividends paid by companies valued at equity 8 210 191 Disposals of non-current assets and disposal groups classified as assets held for sale and liabilities directly associated 7 137 320 Payments for investments in securities (2,861) (2,010) Proceeds from disposals of securities 2,464 1,917 Cash (used for) investing activities (2,864) (1,635) Financing activities Increase in financing liabilities 36 402 103 Repayment of financing liabilities 36 (562) (2,411) Cash distribution to Airbus SE shareholders 34 (1,280) (1,161) Dividends paid to non-controlling interests 0 0 Payments for liability for puttable instruments 319 179 Changes in capital and non-controlling interests 194 117 Change in treasury shares (31) (49) Cash (used for) financing activities (958) (3,222) Effect of foreign exchange rate changes on cash and cash equivalents (45) (54) Net (decrease) in cash and cash equivalents (114) (2,593) Cash and cash equivalents at beginning of period 9,428 12,021 Cash and cash equivalents at end of period 36 9,314 9,428 thereof presented as cash and cash equivalents 36 9,314 9,413 thereof presented as part of disposal groups classified as held for sale 7 0 15 (1) In 2018, cash provided by operating activities has been positively impacted by certain agreements reached with the Company’s suppliers and customers relating to the settlement of claims and negotiation on payment terms. Such measures do not have a material impact in 2019. The accompanying notes are an integral part of these Consolidated Financial Statements (IFRS). 10 Airbus / Financial Statements 2019