Groupe Renault - 2020 Universal Registration Document

349 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 04 CONSOLIDATED FINANCIAL STATEMENTS GROUPE RENAULT GROUPE RENAULT: A COMPANY THAT ACTS RESPONSIBLY CORPORATE GOVERNANCE FINANCIAL STATEMENTS RENAULT AND ITS SHAREHOLDERS ANNUAL GENERAL MEETING OF RENAULT ON APRIL 23, 2021 ADDITIONAL INFORMATION Consolidated cash flows by operating segment A3 (€ million) Automotive (excluding AVTOVAZ) AVTOVAZ Intra- Automotive Transactions TOTAL AUTOMOTIVE Sales Financing Mobility Services Inter- segment transactions CONSOLIDATED TOTAL 2020 Net income (1) (8,581) (196) 1 (8,776) 789 (63) 4 (8,046) Cancellation of dividends received from unconsolidated listed investments (11) - - (11) - - - (11) Cancellation of income and expenses with no impact on cash Depreciation, amortization and impairment 4,571 80 - 4,651 83 16 - 4,750 Share in net (income) loss of associates and joint ventures 5,160 - - 5,160 (19) 4 - 5,145 Other income and expenses with no impact on cash, before interest and tax 754 317 - 1,071 452 14 (24) 1,513 Dividends received from unlisted associates and joint ventures 3 2 - 5 - - - 5 Cash flows before interest and tax (2) 1,896 203 1 2,100 1,305 (29) (20) 3,356 Dividends received from listed companies (3) 11 - - 11 - - - 11 Decrease (increase) in Sales Financing receivables - - - - 2,837 - 270 3,107 Net change in financial assets and Sales Financing debts - - - - 2,154 - (98) 2,056 Change in capitalized leased assets (839) - - (839) (90) - - (929) Change in working capital before tax (1,527) 233 (78) (1,372) 180 2 (2) (1,192) CASH FLOWS FROM OPERATING ACTIVITIES BEFORE INTEREST AND TAX (459) 436 (77) (100) 6,386 (27) 150 6,409 Interest received 51 22 (4) 69 - 2 - 71 Interest paid (297) (81) 4 (374) - - 22 (352) Current taxes (paid)/received (127) (8) - (135) (240) - - (375) CASH FLOWS FROM OPERATING ACTIVITIES (832) 369 (77) (540) 6,146 (25) 172 5,753 Dividends paid by the Sales Financing segment to the Automotive segments are included in the net income of the Automotive (excluding AVTOVAZ) segment. No dividend (1) was paid in 2020. Cash flows before interest and tax do not include dividends received from listed companies. (2) Dividends received from Daimler (€11 million). (3) (€ million) Automotive (excluding AVTOVAZ) AVTOVAZ Intra- Automotive Transactions TOTAL AUTOMOTIVE Sales Financing Mobility Services Inter- segment transactions CONSOLIDATED TOTAL 2020 CASH FLOWS FROM OPERATING ACTIVITIES (832) 369 (77) (540) 6,146 (25) 172 5,753 Purchases of intangible assets (1,412) (74) - (1,486) (3) (11) - (1,500) Purchases of property, plant and equipment (2,602) (182) 83 (2,701) (7) - - (2,708) Disposals of property, plant and equipment and intangibles 187 6 (6) 187 - - - 187 Acquisitions and disposals of investments involving gain or loss of control, net of cash acquired - - - - - - - - Acquisitions and disposals of other investments and other (281) - - (281) - (23) 29 (275) Net decrease (increase) in other securities and loans of the Automotive segments 42 2 (2) 42 - (2) 17 57 CASH FLOWS FROM INVESTING ACTIVITIES (4,066) (248) 75 (4,239) (10) (36) 46 (4,239) Cash flows with shareholders (44) - - (44) (11) 29 (29) (55) Net change in financial liabilities of the Automotive segments 5,476 437 (143) 5,770 - 23 (133) 5,660 CASH FLOWS FROM FINANCING ACTIVITIES 5,432 437 (143) 5,726 (11) 52 (162) 5,605 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 534 558 (145) 947 6,125 (9) 56 7,119 (€ million) Automotive (excluding AVTOVAZ) AVTOVAZ Intra- Automotive Transactions TOTAL AUTOMOTIVE Sales Financing Mobility services Inter- segment transactions CONSOLIDATED TOTAL 2020 CASH AND CASH EQUIVALENTS: OPENING BALANCE 12,231 70 (3) 12,298 2,762 - (78) 14,982 Increase (decrease) in cash and cash equivalents 534 558 (145) 947 6,125 (9) 56 7,119 Effect of changes in exchange rate and other changes (241) (70) 15 (296) (149) 24 17 (404) CASH AND CASH EQUIVALENTS: CLOSING BALANCE 12,524 558 (133) 12,949 8,738 15 (5) 21,697