PSA COUV page . page RA GB - PEUGEOT Presse

C onsolidated statements of cash flow
(in millions of euros) 2002 2001 2000
MANUFACTURING AND SALES COMPANIES
Net income of fully-consolidated companies 1,643 1,653 1,354
Adjustments to reconcile net income to net cash provided by operations
- Depreciation and amortization 2,165 1,974 1,877
- Net increase (decrease) in allowances and reserves 352 8 (158)
- Change in long-term deferred income taxes (80) (107) (32)
- (Gains) losses on disposals of assets and other (17) (88) 186
Dividends received from companies at equity (4) - (6)
Working capital provided by operations 4,059 3,440 3,221
Change in operating assets and liabilities (note 39) 330 (422) (238)
Net cash provided by operations - manufacturing and sales companies 4,389 3,018 2,983
Proceeds from disposals of investments in non-consolidated companies 5 23 23
Proceeds from disposals of subsidiaries - - 30
Proceeds from disposals of property, plant and equipment 172 443 100
Capital expenditure (2,790) (2,938) (2,898)
Acquisitions of shares in subsidiaries (56) (1,575) (18)
Investments in non-consolidated companies (25) (33) (164)
Effect of changes in scope of consolidation and other (note 40) (268) 54 (134)
Net cash used by investing activities – manufacturing and sales companies (2,962) (4,026) (3,061)
FINANCE COMPANIES
Net income of fully-consolidated companies 205 159 149
Adjustments to reconcile net income to net cash provided by operations 34 1 73
Working capital provided by operations 239 160 222
Change in operating assets and liabilities (note 39) 557 1,660 (887)
Net cash provided (used) by operations - finance companies 796 1,820 (665)
Net cash provided by investing activities – finance companies 80 68 104
GROUP
Dividends paid:
- to Peugeot S.A. stockholders (294) (217) (118)
- to minority stockholders of consolidated companies (43) (13) (12)
Issuance of shares - 109 132
Purchases of treasury stock (517) (458) (257)
Buybacks of convertible debentures - - (555)
Change in other financial assets and liabilities (note 41) (1,666) 3,872 1,468
Others 46 123 38
Net cash provided (used) by financing activities (2,474) 3,416 696
Effect of exchange rate changes (27) (24) (12)
Increase (decrease) in cash and cash equivalents (198) 4,272 45
Cash and cash equivalents at beginning of period 7,666 3,394 3,349
Cash and cash equivalents at period-end 7,468 7,666 3,394
The notes on pages 139 to 179 are an integral part of the consolidated financial statements.
136
PSA PEUGEOT CITROËN - APPENDICES TO THE MANAGING BOARD REPORT