Investor Presentaiton
CONSOLIDATED FINANCIAL STATEMENTS | CONSOLIDATED STATEMENT OF CASH FLOWS
CONSOLIDATED STATEMENT OF CASH FLOWS
MEUR
Cash receipts from customers
Cash paid to suppliers and employees
Cash flow from operations before financing items and
taxes
Interest received
Interest paid
Dividends received and capital repayments
Other financing items
Income taxes paid
Cash flow from operating activities
Reconciliation of operating income to cash flow from operations before financing items and
taxes
Jan 1-Dec 31, 2022 Jan 1-Dec 31, 2021
MEUR
Jan 1-Dec 31, 2022 Jan 1-Dec 31, 2021
Operating income
1,031.2
1,295.3
10,666.7
-9,912.0
10,440.4
-8,611.7
Change in working capital before financing items and taxes
Depreciation and amortization
-535.8
289.4
259.3
244.0
754.7
49.4
1,828.7
Cash flow from operations before financing items and
taxes
754.7
1,828.7
38.4
-15.5
-11.6
Change in interest-bearing net debt
0.0
18.3
5.7
51.8
MEUR
-275.4
-328.3
531.5
1,584.8
-101.2
0.2
-31.6
-96.5
10.8
Interest-bearing net debt at beginning of period
Interest-bearing net debt at end of period
Change in interest-bearing net debt
Jan 1-Dec 31, 2022
Jan 1-Dec 31, 2021
-2,164.1
-1,309.0
855.1
-1,953.8
-2,164.1
-210.2
-34.5
14.2
-132.6
-106.0
Capital expenditure
Proceeds from sales of fixed assets
Acquisitions, net of cash
Proceeds from sales of subsidiary shares
Cash flow from investing activities
Cash flow after investing activities
398.9
1,478.8
Change in deposits and loan receivables, net
913.1
-151.7
Change of current creditors
-121.4
-278.1
Change in non-current liabilities
-36.7
181.1
Purchase of own shares
-50.0
-45.8
Profit distribution
-1,087.8
-1,166.3
Changes in non-controlling interests
-7.7
-1.2
Cash flow from financing activities
-390.5
-1,462.0
Change in cash and cash equivalents
8.4
16.8
Cash and cash equivalents at beginning of period
490.4
457.9
Foreign exchange difference, net
-3.3
15.6
Cash and cash equivalents at end of period
495.5
490.4
The impact of changes in exchange rates has been eliminated in the statement of cash flows by translating
the opening balance sheet with the closing rates of the period.
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