(2) Comparative figures for the three months ended and year ended December 31, 2019 were revised related to the recalculation of the performance participation interest related to the Finance Contract with the EIB. For further information, see Form 20-F filed with the SEC on March 30, 2021 Part III, Item 18. Financial Statements, Note 2 “Preparation of financial statements” to the consolidated financial statements.
voxeljet AG |
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CONSOLIDATED STATEMENTS OF CASH FLOWS |
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|
|
|
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|
Year Ended December 31, |
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|
2020 |
|
2019 (1) (2) |
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|
(€ in thousands) |
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Cash Flow from operating activities |
|
|
|
||
|
|
|
|
||
Loss for the period |
(15,481 |
) |
|
(13,978 |
) |
Depreciation and amortization |
3,442 |
|
|
4,211 |
|
Foreign currency exchange differences on loans to subsidiaries |
1,466 |
|
|
(828 |
) |
Changes in financial assets due to fair value valuation |
11 |
|
|
(174 |
) |
Share-based compensation expense |
671 |
|
|
671 |
|
Change in impairment of trade receivables |
29 |
|
|
15 |
|
Non-cash expense on financial liabilities |
1,505 |
|
|
874 |
|
Change in fair value of derivative equity forward |
715 |
|
|
106 |
|
Change in inventory allowance |
(1 |
) |
|
(21 |
) |
Interest paid |
258 |
|
|
320 |
|
Interest received |
(92 |
) |
|
(93 |
) |
| Loss on disposal of intangibles and property, plant and equipment |
42 |
|
|
354 |
|
| Other |
63 |
|
|
92 |
|
|
|
|
|
|
||
| Change in working capital |
774 |
|
|
1,859 |
|
| Trade and other receivables, inventories and current assets |
1,501 |
|
|
(759 |
) |
| Trade payables |
(781 |
) |
|
358 |
|
| Other liabilities, contract liabilities and provisions |
(417 |
) |
|
2,286 |
|
| Change in restricted cash |
463 |
|
|
-- |
|
| Income tax payable/receivables |
8 |
|
|
(26 |
) |
| Total |
(6,598 |
) |
|
(6,592 |
) |
|
|
|
|
|
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| Cash Flow from investing activities |
|
|
|
||
|
|
|
|
|
||
| Payments to acquire property, plant and equipment and intangible assets |
(139 |
) |
|
(1,100 |
) |
| Proceeds from disposal of financial assets |
4,962 |
|
|
8,373 |
|
| Payments to acquire financial assets |
(994 |
) |
|
(2,725 |
) |
| Interest received |
92 |
|
|
93 |
|
| Total |
3,921 |
|
|
4,641 |
|
|
|
|
|
|
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| Cash Flow from financing activities |
|
|
|
||
|
|
|
|
|
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| Repayment of lease liabilities |
(412 |
) |
|
(397 |
) |
| Repayment of long-term debt |
(863 |
) |
|
(969 |
) |
| Proceeds from issuance of long-term debt |
5,000 |
|
|
529 |
|
| Interest paid |
(258 |
) |
|
(320 |
) |
| Total |
3,467 |
|
|
(1,157 |
) |
|
|
|
|
|
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| Net increase (decrease) in cash and cash equivalents |
790 |
|
|
(3,108 |
) |
|
|
|
|
|
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| Cash and cash equivalents at beginning of period |
4,368 |
|
|
7,402 |
|
| Changes to cash and equivalents due to foreign exchanges rates |
166 |
|
|
74 |
|
| Cash and cash equivalents at end of period |
5,324 |
|
|
4,368 |
|
