registration document France Telecom 2009 - Orange.com

20 CONSOLIDATED
financial information concerning the issuer’s assets and liabilities, financial position and profits and losses
CONSOLIDATED STATEMENTS
Consolidated statement of cash flows
Z CONSOLIDATED STATEMENT OF CASH FLOWS
(amounts in millions of euros)
Note
At December
31,2009
At December
31,2008
At December
31,2007
OPERATING ACTIVITIES
Consolidated net income 3,465 4,492 6,819
Adjustments to reconcile net income (loss) to funds generated
from operations
Depreciation and amortization 13-14 7,104 7,776 8,111
Impairment of non-current assets 8-13-14 69 9 107
Impairment of goodwill 8-12 450 271 26
Gain on disposals of assets 6 6 (11) (769)
Change in other provisions (27) (591) (945)
Share of profi ts (losses) of associates 15 (23) 211 (4)
Income tax 10 2,338 2,793 1,330
Finance costs, net 9 2,295 2,987 2,650
Operational net foreign exchange and derivatives 99 (33) (7)
Share-based compensation 42 76 234
Change in inventories, trade receivables and trade payables
Decrease (increase) in inventories 236 38 (250)
Decrease (increase) in trade receivables 238 216 121
Increase (decrease) in trade payables (641) 359 190
Other changes in working capital requirements
Decrease (increase) in other receivables 131 (221) (98)
Increase (decrease) in other payables (153) (233) 331
General Court of the European Union ’s ruling of November 30, 2009 30 964 - -
Other net cash out
Dividends and interest income received 169 299 315
Interest paid and interest rates effects on derivatives, net (1,758) (2,561) (2,726)
Income tax paid (620) (878) (791)
Net cash provided by operating activities 14,384 14,999 14,644
Of which net cash provided by operating activities
of discontinued operations 11 941 1,140 1,033
INVESTING ACTIVITIES
Purchases (sales) of property, plant and equipment and intangible assets
Purchases of property, plant and equipment and intangible assets 13-14 (5,717) (7,140) (7,064)
Increase (decrease) in amounts due to fi xed asset suppliers (410) (76) 125
Proceeds from sales of property, plant and equipment and intangible assets 13-14 93 233 113
Cash paid for investment securities, net of cash acquired
FT España 3 (1,387) (169) -
Orange Tunisie 3 (95) - -
Compagnie Européenne de Téléphonie 3 (20) (32) -
Purchase of treasury shares by TP S.A. 3 - (200) (185)
Purchase of treasury shares by Mobistar 3 - (175) -
Orange Uganda Limited 3 - (40) -
Silicomp 3 - (5) (96)
FT España ISP (Ya.com) 3 - - (319)
Telkom Kenya 3 - - (270)
Orange Moldova 3 - - (103)
VOXmobile 3 - - (80)
Other payments for investment securities (30) (140) (64)
Proceeds from sales of investment securities, net of cash transferred
Orange Nederland 3 - - 1,306
Tower Participations 3 - - 254
Bluebirds 3 - - 110
One 3 - - 82
Other proceeds from sales of investment securities 14 56 56
Decrease (increase) in securities and other fi nancial assets
Negotiable debt securities 19 608 (120) 96
Escrow deposit - (207) (757)
Other (87) (20) (85)
Net cash used in investing activities (7,031) (8,035) (6,881)
Of which net cash used in investing activities
of discontinued operations 11 (406) (463) (488)
350
2009 REGISTRATION DOCUMENT / FRANCE TELECOM