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Consolidated statements of cash flows - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Consolidated statements of cash flows [Abstract]      
Profit (loss) [1] € 3,323 [2],[3] € 1,195 [3],[4] € 1,173 [4]
Results of discontinued operations, net of income tax [1] 2,711 [2],[3] 196 [4],[5] 183 [4],[5]
Adjustments to reconcile net income to net cash provided by (used for) operating activities: Depreciation, amortization, and impairment of fixed assets [1] 1,323 1,462 1,343
Adjustments to reconcile net income to net cash provided by (used for) operating activities: Impairment of goodwill and other non-current financial assets [1] 15 144 97
Adjustments to reconcile net income to net cash provided by (used for) operating activities: Share-based compensation [1] 108 112 96
Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net loss (gain) on sale of assets [1] (55) 1 78
Adjustments to reconcile net income to net cash provided by (used for) operating activities: Interest income [1] 18 13 25
Adjustments to reconcile net income to net cash provided by (used for) operating activities: Interest expense on debt, borrowings, and other liabilities [1] 152 159 174
Adjustments to reconcile net income to net cash provided by (used for) operating activities: Income taxes [1] (103) 212 258
Adjustments to reconcile net income to net cash provided by (used for) operating activities: Investments in associates, net of income taxes [1] 4 8 6
Decrease (increase) in working capital [1] 401 98 791
Adjustments to reconcile net income to net cash provided by (used for) operating activities: Decrease (increase) in receivables and other current assets [1] (39) 92 (234)
Adjustments to reconcile net income to net cash provided by (used for) operating activities: Decrease (Increase) in inventories [1] (581) (578) (202)
Adjustments to reconcile net income to net cash provided by (used for) operating activities: Increase (decrease) in accounts payable, accrued and other current liabilities [1] 219 387 (354)
Decrease (increase) in non-current receivables, other assets and other liabilities [1] (13) 41 124
Increase (decrease) in provisions [1] 427 (91) 29
Other items [1] (164) 96 77
Interest paid [1] 151 148 171
Interest received [1] 17 13 25
Dividends received from investments in associates [1] 14 4 12
Income taxes paid [1] 249 390 354
Net cash provided by (used for) operating activities [1] 1,629 2,511 1,813
Cash flows from investing activities - Net capital expenditures [1] 729 876 891
Cash flows from investing activities - Purchase of intangible assets [1] 107 114 138
Cash flows from investing activities - Expenditures on development assets [1] 259 296 327
Cash flows from investing activities - Capital expenditures on property, plant and equipment [1] 397 485 486
Cash flows from investing activities - Proceeds from sales of property, plant and equipment [1] 33 19 60
Cash flows from investing activities - Net proceeds from (cash used for) derivatives and current financial assets [1] 48 (13) 385
Cash flows from investing activities - Purchase of other non-current financial assets [1] 124 131 63
Cash flows from investing activities - Proceeds from other non-current financial assets [1] 124 65 162
Cash flows from investing activities - Purchase of businesses, net of cash acquired [1] 3,098 317 252
Cash flows from investing activities - Net proceeds from sale of interests in businesses, net of cash disposed of [1] 107 4 146
Net cash provided by (used for) for investing activities [1] (3,672) (1,267) (512)
Cash flows from financing activities - Proceeds from issuance (payments on) short-term debt [1] (25) 16 23
Cash flows from financing activities - Principal payments on short-term portion of long-term debt [1] 302 298 756
Cash flows from financing activities - Proceeds from issuance of long-term debt [1] 76 1,065 847
Cash flows from financing activities - Re-issuance of treasury shares [1] 23 46 58
Cash flows from financing activities - Purchase of treasury shares [1] 1,636 343 1,376
Cash flows from financing activities - Dividends paid to shareholders of Koninklijke Philips N.V [1] 482 1 453
Cash flows from financing activities - Dividends paid to shareholders of non-controlling interests [1] 2 2 2
Net cash provided by (used for) financing activities [1] (2,347) 483 (1,660)
Net cash provided by (used for) continuing operations [1] (4,390) 1,727 (359)
Net cash provided by (used for) discontinued operations [1] 3,403 129 98
Net cash provided by (used for) continuing and discontinued operations [1] (986) 1,856 (262)
Effect of changes in exchange rates on cash and cash equivalents [1] 65 (55) (2)
Cash and cash equivalents at the beginning of the year [1] 3,226 [6] 1,425 [6] 1,688
Cash and cash equivalents at the end of the period [1],[6] € 2,303 € 3,226 € 1,425
[1] 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 in the accompanying notes of the consolidated financial statements.
[2] Non-IFRS financial measure. For the definition and reconciliation of the most directly comparable IFRS measure, refer to Reconciliation of non-IFRS information.
[3] Shareholders in this table refers to shareholders of Koninklijke Philips N.V.
[4] Non-IFRS financial measure. For the definition and reconciliation of the most directly comparable IFRS measure, refer to Reconciliation of non-IFRS information.
[5] Shareholders in this table refers to shareholders of Koninklijke Philips N.V.
[6] Non-IFRS financial measure. For the definition and reconciliation of the most directly comparable IFRS measure, refer to Reconciliation of non-IFRS information.