Groupe Renault - 2020 Universal Registration Document

343 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 04 CONSOLIDATED FINANCIAL STATEMENTS GROUPE RENAULT GROUPE RENAULT: A COMPANY THAT ACTS RESPONSIBLY CORPORATE GOVERNANCE FINANCIAL STATEMENTS RENAULT AND ITS SHAREHOLDERS ANNUAL GENERAL MEETING OF RENAULT ON APRIL 23, 2021 ADDITIONAL INFORMATION Consolidated cash flows 4.2.5 (€ million) Notes 2020 2019 Net income (8,046) 19 Cancellation of dividends received from unconsolidated listed investments (11) (46) Cancellation of income and expenses with no impact on cash Depreciation, amortization and impairment 4,750 3,809 Share in net (income) loss of associates and joint ventures 5,145 190 Other income and expenses with no impact on cash before interest and tax 26-A 1,513 1,937 Dividends received from unlisted associates and joint ventures 5 4 Cash flows before interest and tax (1) 3,356 5,913 Dividends received from listed companies (2) 11 625 Net change in financing for final customers 287 (2,612) Net change in renewable dealer financing 2,820 (659) Decrease (increase) in Sales Financing receivables 3,107 (3,271) Bond issuance by the Sales Financing segment 23-C 1,598 3,869 Bond redemption by the Sales Financing segment 23-C (2,621) (4,034) Net change in other debts of the Sales Financing segment 2,195 3,696 Net change in other securities and loans of the Sales Financing segment 884 (428) Net change in financial assets and debts of the Sales Financing segment 2,056 3,103 Change in capitalized leased assets (929) (1,059) Change in working capital before tax 26-B (1,192) 1,214 CASH FLOWS FROM OPERATING ACTIVITIES BEFORE INTEREST AND TAX 6,409 6,525 Interest received 71 78 Interest paid (352) (368) Current taxes (paid)/received (375) (636) CASH FLOWS FROM OPERATING ACTIVITIES 5,753 5,599 Property, plant and equipment and intangible investments 26-C (4,208) (5,022) Disposals of property, plant and equipment and intangible assets 187 31 Acquisitions of investments involving gain of control, net of cash acquired - 5 Acquisitions of other investments (129) (157) Disposals of investments involving loss of control, net of cash transferred - 2 Disposals of other investments (146) 36 Net decrease (increase) in other securities and loans of the Automotive segments 57 (2) CASH FLOWS FROM INVESTING ACTIVITIES (4,239) (5,107) Dividends paid to parent company shareholders 18-D - (1,035) Transactions with non-controlling interests 10 (10) Dividends paid to non-controlling interests 18-H (21) (96) (Acquisitions) sales of treasury shares (44) (36) Cash flows with shareholders (55) (1,177) Bond issuance by the Automotive segments 23-C 1,000 1,557 Bond redemption by the Automotive segments 23-C (590) (574) Net increase (decrease) in other financial liabilities of the Automotive segments 5,250 (59) Net change in financial liabilities of the Automotive segments 23-B 5,660 924 CASH FLOWS FROM FINANCING ACTIVITIES 5,605 (253) INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 7,119 239 Cash flows before interest and tax do not include dividends received from listed companies. (1) Dividends received from Daimler (€11 million in 2020 and €46 million in 2019) and Nissan (€579 million in 2019). (2) (€ million) 2020 2019 Cash and cash equivalents: opening balance 14,982 14,777 Increase (decrease) in cash and cash equivalents 7,119 239 Effect of changes in exchange rate and other changes (404) (34) Cash and cash equivalents: closing balance* 21,697 14,982 Cash subject to restrictions on use is described in note 22-D. *