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Consolidated statements of cash flows - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement of cash flows [abstract]      
Cash and cash equivalents at beginning of period [2] € 1,688 [1] € 1,939 [1] € 2,334
Net income (loss) [2],[3] 1,173 [4] 1,097 [4] 1,870
Results of discontinued operations, net of income tax [2] (19) [4],[5] (213) [4],[5] 843 [3],[6]
Depreciation, amortization, and impairment of fixed assets [2] 1,402 1,089 1,025
Impairment of goodwill and other non-current financial assets [2] 97 1 15
Share-based compensation [2] 98 97 116
Net gain on sale of assets [2] 77 71 107
Interest income [2] 27 31 40
Interest expense on debt, borrowings, and other liabilities [2] 174 165 186
Income taxes [2] 337 193 349
Investments in associates, net of income taxes [2] 6 2  
Decrease (increase) in working capital [2] 819 179 (101)
Decrease (increase) in receivables and other current assets [2] (274) (97) 64
Decrease (Increase) in inventories [2] (175) (394) (144)
Increase (decrease) in accounts payable, accrued and other current liabilities [2] (369) 311 181
Decrease (increase) in non-current receivables, other assets and other liabilities [2] 122 (49) (358)
Increase (decrease) in provisions [2] 27 (271) (252)
Other items [2] (5) (59) 261
Interest paid [2] 172 170 215
Interest received [2] 27 35 40
Dividends received from investments in associates [2] 12 20 6
Income taxes paid [2] 363 301 284
Net cash provided by (used for) operating activities [2] 2,031 1,780 1,870
Net capital expenditures [2] 978 796 685
Purchase of intangible assets [2] 156 123 106
Expenditures on development assets [2] 339 298 333
Capital expenditures on property, plant and equipment [2] 518 422 420
Proceeds from sales of property, plant and equipment [2] 35 46 175
Net proceeds from (cash used for) derivatives and current financial assets [2] 385 (175) (198)
Purchase of other non-current financial assets [2] 63 34 42
Proceeds from other non-current financial assets [2] 162 77 6
Purchase of businesses, net of cash acquired [2] 255 628 2,344
Net proceeds from sale of interests in businesses, net of cash disposed of [2] 146 70 64
Net cash provided by (used for) for investing activities [2] (603) (1,486) (3,199)
Proceeds from issuance (payments on) short-term debt [2] 23 34 12
Principal payments on short-term portion of long-term debt [2] 761 1,161 1,332
Proceeds from issuance of long-term debt [2] 847 1,287 1,115
Re-issuance of treasury shares [2] 58 94 227
Purchase of treasury shares [2] 1,376 1,042 642
Proceeds from sale of Signify (Philips Lighting) shares [2]     1,065
Transaction costs paid for sale of Signify (Philips Lighting) shares [2]     5
Dividends paid to shareholders of Koninklijke Philips N.V. [2] 453 401 384
Dividends paid to shareholders of non-controlling interests [2] 2 3 2
Net cash provided by (used for) financing activities [2] (1,665) (1,192) 55
Net cash provided by (used for) continuing operations [2] (237) (898) (1,274)
Net cash provided by (used for) discontinued operations [2] (25) 647 1,063
Net cash provided by (used for) continuing and discontinued operations [2] (262) (251) (211)
Effect of changes in exchange rates on cash and cash equivalents [2] (2) 0 (184)
Cash and cash equivalents at end of period [1],[2] € 1,425 € 1,688 € 1,939
[1] Non-IFRS financial measure. For the definition and reconciliation of the most directly comparable IFRS measure, refer to Reconciliation of non-IFRS information.
[2] The accompanying notes are an integral part of these consolidated financial statements. For a number of reasons, principally the effects of translation differences and consolidation changes, certain items in the statements of cash flows do not correspond to the differences between the balance sheet amounts for the respective items
[3] Non-IFRS financial measure. For the definition and reconciliation of the most directly comparable IFRS measure, refer to Reconciliation of non-IFRS information.
[4] Shareholders in this table refers to shareholders of Koninklijke Philips N.V.
[5] Non-IFRS financial measure. For the definition and reconciliation of the most directly comparable IFRS measure, refer to Reconciliation of non-IFRS information.
[6] Shareholders in this table refers to shareholders of Koninklijke Philips N.V.