PDF (2.63 MB) - Geberit International AG

Consolidated Statements
of Cashflows
Cash provided by operating activities
Note 2004 2003
MCHF MCHF
Net income 193.3 147.0
Adjustments to cashflow from operating activities
Depreciation and amortization 7/9 147.9 123.4
Financial expenses, net 23 30.0 23.4
Income tax expenses 24 81.1 34.1
Other (0.2) 11.6
Operating cashflow before changes in net
working capital and taxes 452.1 339.5
Income taxes paid (62.1) (39.8)
Changes in net working capital 25 8.4 9.2
Net cash provided by operating activities 398.4 308.9
Cash used in investing activities
Acquisitions, net (574.2) (2.6)
Purchase of property, plant & equipment and intangible assets 7/9 (87.8) (69.8)
Proceeds from sale of property, plant & equipment and intangible assets 9.2 1.7
Other, net 2.6 0.2
Net cash used in investing activities (650.2) (70.5)
Cash provided by/(used in) financing activities
Proceeds from short-term borrowings 80,4 0.3
Repayments of short-term borrowings (81.1) (0.4)
Proceeds from long-term borrowings 859.9 152.2
Repayments of long-term borrowings (589.6) (287.6)
Interest paid (23.2) (19.1)
Dividends and repayments of par value (69.6) (56.6)
(Purchase)/sale of treasury shares (17.3) 17.6
Other, net (5.4) (6.1)
Net cash provided by/(used in) financing activities 154.1 (199.7)
Effects of exchange rates on cash (2.0) 5.1
Net increase (decrease) in cash (99.7) 43.8
Cash and cash equivalents at beginning of year 181.3 137.5
Cash and cash equivalents at end of year 81.6 181.3
The accompanying notes on pages 54 to 83 are an integral part
of the consolidated financial statements.
Geberit Group 53