LVMH Results Presentation Deck
Operating free cash flow over 4 billion euros
Analysis of free cash flow operations (in million of euros)
Cash from operations before changes
in working capital
32 First half 2022 results
Cost of net financial debt: interest paid
Lease liabilities: interest paid
Tax paid
Change in working capital
Net cash from operating activities
Operating investments
Repayment of lease liabilities
Operating free cash flow**
H1 2021*
10 137
39
(118)
(1 593)
(783)
7 682
(1 181)
(1 202)
5 299
H1 2022
12 932
(24)
(113)
(2 638)
(2 891)
7 266
(1 882)
(1 338)
4 046
Change (M€)
* The financial statements as of June 30, 2021 have been restated to reflect the impact of the final allocation of the purchase price of Tiffany.
** Before available for sale financial assets and investments, transactions relating to equity and financing activities.
2 795
(63)
5
(1 045)
(2 108)
(416)
(701)
(136)
(1 253)
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