| (€ in thousands) |
Q3 '14
Unaudited |
Q3 '13
Unaudited |
YTD '14
Unaudited |
YTD '13
Unaudited |
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| Operating result | 7,843 | 13,615 | 19,586 | 21,310 | ||||
| Financial gains/(losses) | 150 | -323 | 497 | -4,576 | ||||
| Depreciation and amortisation | 33,158 | 27,416 | 88,014 | 88,336 | ||||
| Change in provisions | -5,212 | -5,361 | 203 | -6,578 | ||||
| Equity-settled stock compensation expenses | 1,463 | 1,557 | 2,849 | 4,469 | ||||
| Changes in working capital: | ||||||||
| Change in inventories | -13,570 | -6,959 | -11,148 | -9,113 | ||||
| Change in receivables and prepayments | 11,687 | 842 | -15,166 | 11,503 | ||||
|
Change in liabilities (excluding provisions) 7 |
35,443 | 44,094 | 11,778 | 24,075 | ||||
| Cash generated from operations | 70,962 | 74,881 | 96,613 | 129,426 | ||||
| Interest received | 145 | 73 | 1,309 | 1,068 | ||||
| Interest paid | -628 | -607 | -2,347 | -2,114 | ||||
| Corporate income taxes (paid)/received | -2,834 | -3,389 | -9,325 | 80,289 | ||||
| Cash flows from operating activities | 67,645 | 70,958 | 86,250 | 208,669 | ||||
| Investments in intangible assets | -17,019 | -21,841 | -60,676 | -59,977 | ||||
| Investments in property, plant and equipment | -4,723 | -2,663 | -11,972 | -10,286 | ||||
| Dividend received | 0 | 45 | 0 | 1,001 | ||||
| Cash flows from investing activities | -21,742 | -24,459 | -72,648 | -69,262 | ||||
| Repayment of borrowings | 0 | 0 | 0 | -75,000 | ||||
| Dividends paid | 0 | 0 | 0 | -204 | ||||
| Proceeds on issue of ordinary shares | 5,366 | 0 | 5,818 | 157 | ||||
| Cash flows from financing activities | 5,366 | 0 | 5,818 | -75,047 | ||||
| Net increase in cash and cash equivalents | 51,269 | 46,499 | 19,420 | 64,360 | ||||
| Cash and cash equivalents at beginning of period | 226,324 | 181,139 | 257,785 | 164,459 | ||||
| Exchange rate changes on cash balances held in foreign currencies | 1,028 | -100 | 1,416 | -1,281 | ||||
| Cash and cash equivalents at end of period | 278,621 | 227,538 | 278,621 | 227,538 | ||||
|
TomTom Reports Third Quarter 2014 Results
Consolidated condensed statements of cash flows
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