Universal Registration Document 2024

6 FINANCIAL INFORMATION

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2024

6.1.4 CONSOLIDATED STATEMENT OF CASH FLOWS

Notes

2024

2023 1,243

(in millions of euros) Operating income

994 959

Income and expense with no cash impact Net financial expense excluding cost of debt

12

685

(7)

(107) 1,821 (62) (171)

Operating cash flow before change in working capital and tax

1,946 (139) (283)

Change in working capital

12

Tax expenses

Impact of discontinued operations Cash flows from operating activities

–

(1)

1,524

1,587

Purchase of property, plant and equipment, intangible assets and investment property Change in payables and advances on acquisitions of non-current assets Acquisitions of subsidiaries and investments (net of cash acquired) Proceeds from the sale of subsidiaries (net of cash sold) and investments

12

(1,089)

(1,009)

(80)

137

12 12

(384)

(158)

(18) (36)

144

Change in other financial assets

(468)

Proceeds from the sale of property, plant and equipment Proceeds from the sale of non-consolidated investments

13

7

12 12

32 101

100 102

Dividends received

Cash flows used in investing activities Proceeds from issues of long-term debt

(1,461)

(1,145)

9 9

1,111

740

Repayment of long-term debt

(939)

(962)

Repayments of lease liabilities and related financial charges

(28)

(18)

Capital grants received in the period

8

18

Dividends paid to owners of the parent company Dividends paid to non-controlling interests in subsidiaries

7

(377)

(309) (16) (24) (291)

(25) (24)

Change in other financial liabilities

Interest paid

(298)

Interest received

114

141

Cash flows from financing activities Impact of currency fluctuations

(458)

(721)

9

(10)

CHANGE IN CASH AND CASH EQUIVALENTS Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period

(386) 2,341 1,955 1,958

(289) 2,630 2,341 2,343

12

of which Cash and cash equivalents

of which Bank overdrafts

(3)

(2)

Cash flows for the period include: u cash flows used in investing activities: €1,169 million in acquisitions of property, plant and equipment and intangible assets (including fixed asset suppliers) and €384 million in financial investments; u cash flows from financing activities: €377 million dividend payment and issue and redemption of bonds for €500 million each.

2024 7,934

2023 7,440

(in millions of euros)

Net debt at beginning of period

Change in cash

396 144

291

(Proceeds from)/repayment of debt

(240)

Other changes

98 70

443

Of which (liabilities)/surpluses transferred during business combinations

12

Change in net debt

638

494

Net debt at end of period

8,572

7,934

556

AÉROPORTS DE PARIS w UNIVERSAL REGISTRATION DOCUMENT 2024