registration document France Telecom 2009 - Orange.com

20 NON
financial information concerning the issuer’s assets and liabilities, financial position and profits and losses
CONSOLIDATED STATEMENTS
Z STATEMENT OF CASH FLOW
( in millions of euros) Note At December 31, 2009 At December 31, 2008
OPERATING ACTIVITIES
Net income (1,416) 3,234
Non-cash items
Loss on treasury shares classifi ed as labour expense 203 -
Staff costs relating to AGA (177)
Depreciation and amortization of property, plant & equipment
and intangible assets 2,041 2,146
Net loss/(gain) on asset sales 15,578 (9)
Change in provisions (9,331) 10,932
Accrued interest on TDIRA (74) (33)
Technical merger losses (gains) (8)
Free operating cast flow 6,816 16,270
Decrease/(increase) in inventories 36 43
Decrease/(increase) in trade receivables 1,291 (1,209)
Net impact of sales of trade receivables (49) 201
Decrease/(increase) in other receivables 112 1,342
Increase/(decrease) in trade payables (excluding fi xed assets) (635) (129)
Increase/(decrease) in other payables 501 (31)
General Court of the European Union’s ruling of November 30, 2009 (1) 964 -
Increase/(decrease) in dividends receivable 5.2.4 1,343 (1,343)
Change in working capital requirement 3,563 (1,126)
Net cash provided by/(used in) operating activities 10,379 15,144
INVESTING ACTIVITIES
Acquisitions of property, plant & equipment and intangible assets (2,042) (2,413)
Increase/(decrease) in payables to suppliers of property,
plant & equipment and intangible assets (105) (61)
Proceeds from sales of property, plant and intangible assets 36 67
Subscription to Atlas Services Belgium capital increase (13,703)
Subscription to Wirefree Services Belgium capital increase (11,670)
Subscription to Equant BV capital increase 3 (935) (1,354)
Other acquisitions and capital increases of equity interests
and subsidiaries (541) (824)
Reductions in capital of equity interests and subsidiaries 3 600
Proceeds from the sale of shares in ASB 3 22,955 8
Other proceeds from sales of equity interests and subsidiaries 47
Purcahse of treasury shares 5.5 (38) 15
Receivables related to FT España 5.2.4 3,178
Decrease/(increase) in marketable securities and other long-term assets 151 915
Net cash provided by/(used in) investing activities 20,128 (25,842)
FINANCING ACTIVITIES
Additions to long-term debt 6.5.3 3,959 4,334
Repayment of long-term debt 6.4.3 (3,707) (4,887)
Increase/(decrease) in bank overdrafts and short term borrowings (266) 153
Net decrease/(increase) in cash collateral 5.2.3 (520) 472
Other shareholders’ equity (TDIRA) 6.2 (1,421) (629)
Capital increase (2) 3
Shareholders’ contribution (2) 2 13
Dividends paid in cash 6.1.5 (3,141) (4,949)
Change in Orange SA intercompany account 6.7 (25,505) 18,189
Change in Group intercompany accounts 6.7 (1,519) (1,185)
Net cash provided by/(used in) financing activities (32,118) 11,514
NET CHANGE IN CASH AND CASH EQUIVALENTS (1,611) 816
Cash & cash equivalents at beginning of period 4,019 3,203
Cash & cash equivalents at end of period 2,408 4,019
(1) Following the General Court of the European Union’s ruling of November 30, 2009, regarding special business tax arrangements (see Note 8.1), a charge of 964 million euros was
recognized with no impact on net cash fl ow from operations in 2009. This sum was held in an escrow account in 2007 and 2008 and received interest not recognized on the income
statement of 53 million euros up to November 30, 2009.
The transfer of the sum held in escrow to the French State on January 7, 2010 will have an impact of (964) million euros on cash provided by and increase cash provided by investment
activities by 964 million euros.
(2) Dividends paid in shares have no effect on the Statement of cash fl ow.
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2009 REGISTRATION DOCUMENT / FRANCE TELECOM