| | Q2 2011 | Q2 2010 | 1-6 M 2011 | 1-6 M 2010 |
|---|
| in EUR million | unaudited | unaudited | unaudited | unaudited |
|---|
| Cash flow from operating activities | | | | |
| Net Income | 20.0 | 68.7 | – 59.2 | 159.9 |
| Depreciation, amortization and impairment charges | 261.3 | 269.6 | 516.2 | 529.2 |
| Employee benefit obligation - non-cash | 5.3 | 2.0 | 4.9 | 3.6 |
| Bad debt expenses | 14.3 | 11.2 | 28.7 | 18.5 |
| Change in deferred taxes | 9.0 | 8.4 | – 28.7 | 21.1 |
| Equity in earnings of affiliates - non-cash | – 0.1 | – 0.1 | – 0.2 | – 0.5 |
| Stock compensation | – 0.3 | 0.9 | 0.4 | 0.5 |
| Asset retirement obligation - accretion expense | 1.6 | 1.3 | 3.3 | 2.7 |
| Provision for restructuring - non-cash | 33.1 | 17.7 | 215.4 | 26.9 |
| Result on disposal / retirement of equipment | 1.7 | 0.6 | 2.5 | – 4.2 |
| Other | 4.6 | 3.3 | 3.1 | 11.6 |
| Gross cash flow | 350.6 | 383.6 | 686.4 | 769.5 |
| Changes in assets and liabilities | | | | |
| Accounts receivable - trade | – 24.5 | – 44.9 | – 34.6 | – 31.0 |
| Receivables due from related parties | 0.0 | – 0.7 | 0.0 | 0.6 |
| Inventories | 4.3 | – 11.5 | – 11.2 | – 12.5 |
| Prepaid expenses and other assets | – 13.3 | 18.8 | – 7.1 | 6.5 |
| Accounts payable - trade | – 0.5 | 27.2 | – 152.3 | – 49.1 |
| Employee benefit obligation | – 0.1 | – 0.1 | – 0.2 | – 0.2 |
| Povisions and accrued liabilities | – 13.1 | – 14.4 | – 33.9 | – 34.5 |
| Other liabilities and deferred income | 7.8 | 0.7 | 21.2 | 16.7 |
| Payables due to related parties | 1.4 | 0.8 | – 5.0 | – 4.3 |
| Changes in working capital | – 38.0 | – 24.0 | – 223.3 | – 107.8 |
| Cash flow from operating activities | 312.5 | 359.6 | 463.1 | 661.7 |
| | | | | |
| Cash flow from investing activities | | | | |
| Capital expenditures, including interest capitalized | – 156.7 | – 160.0 | – 277.1 | – 296.5 |
| Acquisitions of subsidiaries, net of cash acquired | 0.0 | 0.0 | – 68.8 | 0.0 |
| Sale of subsidiary, net of cash | 0.0 | 0.6 | 0.0 | 0.6 |
| Proceeds from sale of equipment | – 0.3 | 0.8 | 1.0 | 9.9 |
| Purchase of investments | – 1.9 | – 50.0 | – 1.9 | – 221.5 |
| Proceeds from sale of investments | – 0.2 | 170.9 | 18.9 | 371.9 |
| Cash flow from investing activities | – 159.2 | – 37.8 | – 327.9 | – 135.6 |
| | | | | |
| Cash flow from financing activities | | | | |
| Proceeds from issuance of long term debt | 210.0 | 0.0 | 710.0 | 0.0 |
| Principal payments on long-term debt | – 216.7 | – 75.0 | – 221.4 | – 579.7 |
| Changes in short-term borrowings | 30.7 | 34.1 | – 205.7 | – 161.7 |
| Dividends paid | – 331.9 | – 331.9 | – 331.9 | – 331.9 |
| Deferred consideration paid for business combinations | 0.0 | 0.0 | – 15.8 | 0.0 |
| Cash flow from financing activities | – 307.9 | – 372.8 | – 64.8 | – 1,073.3 |
| | | | | |
| Effect of exchange rate changes | – 30.4 | – 7.4 | – 22.1 | – 9.6 |
| Change in cash and cash equivalents | – 184.9 | – 58.4 | 48.2 | – 556.8 |
| Cash and cash equivalents at beginning of period | 353.4 | 231.7 | 120.2 | 730.1 |
| Cash and cash equivalents at end of period | 168.4 | 173.3 | 168.4 | 173.3 |
| | | | | |