Registration Document 2018 Rubis

Financial statements
2018 consolidated financial statements and Notes
CONSOLIDATED STATEMENT OF CASH FLOWS
(in thousands of euros) 12/31/2018 12/31/2017
2018 Registration Document Rubis
TOTAL CONSOLIDATED NET INCOME FROM CONTINUING OPERATIONS 270,780 282,838
NET INCOME FROM DISCONTINUED OPERATIONS
Adjustments:
Elimination of income of joint ventures (4,811) (3,260)
Elimination of depreciation and provisions 116,551 123,105
Elimination of profit and loss from disposals and dilution 4,859 1,807
Elimination of dividend earnings (401) (271)
Other income and expenditure with no impact on cash and cash equivalents (1) (1,439) (7,154)
CASH FLOW AFTER COST OF NET FINANCIAL DEBT AND TAX 385,539 397,065
Elimination of tax expenses 72,779 79,437
Elimination of cost of net financial debt 20,654 14,331
CASH FLOW BEFORE COST OF NET FINANCIAL DEBT AND TAX 478,972 490,833
Impact of change in working capital (79,491) (70,757)
Tax paid (73,993) (92,254)
CASH FLOWS RELATED TO OPERATING ACTIVITIES 325,488 327,822
Impact of changes to consolidation scope (cash acquired - cash disposed) 4,315 67,932
Acquisition of financial assets: Rubis Énergie division (2) (76,530) (495,179)
Acquisition of financial assets: Rubis Terminal division (17,614)
Disposal of financial assets: Rubis Support and Services division 1,305
Acquisition of property, plant and equipment and intangible assets (232,774) (205,717)
Change in loans and advances granted 3,672 28,630
Disposal of property, plant and equipment and intangible assets 4,787 5,136
(Acquisition)/disposal of other financial assets (81) (26,351)
Dividends received 401 271
Other cash flow from investment operations
CASH FLOWS RELATED TO INVESTING ACTIVITIES (296,210) (641,587)
(1) Including change in fair value of financial instruments, goodwill (impairment, negative goodwill), etc.
(2) See note 3.2 Impact of change in the scope of consolidation and note 11 Post-balance sheet events.
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