ANNUAL REPORT 2017
EXPLORE OUR PERSPECTIVES

CONSOLIDATED STATEMENT OF CASH FLOWS

 Year ended December 31,
(EUR thousand)Notes20162017
Cash flows from operating activities
Net earnings from operations135,471452,402
Adjustments to reconcile net earnings to net cash from operating activities
Depreciation, amortization and impairments3,5,751,69052,097
Share-based compensation128,3877,801
Non-cash financing costs(2,483)29,609
Share in income of investments in associates6(40,488)(89,614)
Gain on sale of ASMPT shares6(284,898)
Income tax2,2894,635
Changes in assets and liabilities
Accounts receivable(43,352)(37,930)
Inventories(9,510)(45,161)
Other current assets(10,212)2,540
Accounts payable and accrued expenses7,04528,449
Income tax paid(7,425)(3,870)
Net cash from operating activities91,412116,060
Cash flows from investing activities
Capital expenditures3(26,890)(44,171)
Proceeds from sale of property, plant and equipment31,147823
Capitalized development expenditure5(27,327)(38,615)
Purchase of intangible assets5(7,024)(2,393)
Dividend received from associates622,08336,458
Proceeds from sale of ASMPT shares6690,660
Net cash from in investing activities(38,011)642,762
Cash flows from financing activities
Debt issuance fees paid(810)(132)
Purchase of treasury shares ASMI11(97,024)(239,555)
Proceeds from issuance of treasury shares1214,70913,292
Dividends to common shareholders of ASMI(42,673)(41,470)
Net cash used in financing activities(125,798)(267,865)
Foreign currency translation effect on cash and cash equivalents3,639(32,653)
Net increase / (decrease) in cash and cash equivalents(68,758)458,304
Cash and cash equivalents at beginning of year10446,915378,157
Cash and cash equivalents at end of year10378,157836,461