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Consolidated statements of cash flows - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Consolidated statements of cash flows [Abstract]      
Profit (loss) [1] € (1,605) € 3,323 € 1,195
Cash flows from operating activities - Results of discontinued operations, net of income tax 13 [2] 2,711 [1] 196 [1]
Cash flows from operating activities - Depreciation, amortization, and impairment of assets 1,602 1,323 1,462
Cash flows from operating activities - Impairment of goodwill 1,357 15 144
Cash flows from operating activities - Share-based compensation 95 108 112
Cash flows from operating activities - Net loss (gain) on sale of assets (115) (55) (1)
Cash flows from operating activities - Interest income 25 18 13
Cash flows from operating activities - Interest expense on debt, borrowings, and other liabilities 226 152 159
Cash flows from operating activities - Investments in associates, net of income taxes 112 4 9
Cash flows from operating activities - Income taxes (113) (103) 212
Cash flows from operating activities - Decrease (increase) in working capital 862 401 98
Cash flows from operating activities - Decrease (increase) in receivables and other current assets (342) (39) 92
Cash flows from operating activities - Decrease (Increase) in inventories (572) (581) (578)
Cash flows from operating activities - Increase (decrease) in accounts payable, accrued and other current liabilities 52 219 387
Cash flows from operating activities - Decrease (increase) in non-current receivables and other assets 1 (46) (9)
Cash flows from operating activities - Increase (decrease) in other liabilities (84) 33 50
Cash flows from operating activities - Increase (decrease) in provisions (199) 427 (91)
Cash flows from operating activities - Other items (39) (164) 96
Cash flows from operating activities - Interest received 15 17 13
Cash flows from operating activities - Interest paid 205 151 148
Cash flows from operating activities - Dividends received from investments in associates 12 14 4
Cash flows from operating activities - Income taxes paid 333 249 390
Net cash provided by (used for) operating activities (173) 1,629 2,511
Cash flows from investing activities - Net capital expenditures 788 729 876
Cash flows from investing activities - Purchase of intangible assets 105 107 114
Cash flows from investing activities - Expenditures on development assets 257 259 296
Cash flows from investing activities - Capital expenditures on property, plant and equipment 444 397 485
Cash flows from investing activities - Proceeds from sales of property, plant and equipment 18 33 19
Cash flows from investing activities - Net proceeds from (cash used for) derivatives and current financial assets (72) 48 (13)
Cash flows from investing activities - Purchase of other non-current financial assets 116 124 131
Cash flows from investing activities - Proceeds from other non-current financial assets 78 124 65
Cash flows from investing activities - Purchase of businesses, net of cash acquired 712 3,098 317
Cash flows from investing activities - Net proceeds from sale of interests in businesses, net of cash disposed 124 107 4
Net cash provided by (used for) for investing activities (1,487) (3,672) (1,267)
Cash flows from financing activities - Proceeds from issuance (payments on) short-term debt 47 (25) 16
Cash flows from financing activities - Principal payments on current portion of long-term debt 1,472 302 298
Cash flows from financing activities - Proceeds from issuance of long-term debt 2,516 76 1,065
Cash flows from financing activities - Re-issuance of treasury shares 12 23 46
Cash flows from financing activities - Purchase of treasury shares 187 1,636 343
Cash flows from financing activities - Dividends paid to shareholders of Koninklijke Philips N.V 412 482 1
Cash flows from financing activities - Dividends paid to shareholders of non-controlling interests 6 2 2
Net cash provided by (used for) financing activities 500 (2,347) 483
Net cash provided by (used for) continuing operations (1,160) (4,390) 1,727
Net cash provided by (used for) discontinued operations (12) 3,403 129
Net cash provided by (used for) continuing and discontinued operations (1,172) (986) 1,856
Effect of changes in exchange rates on cash and cash equivalents 41 65 (55)
Cash and cash equivalents at the beginning of the period 2,303 3,226 1,425
Cash and cash equivalents at the end of the period € 1,172 € 2,303 € 3,226
[1] Shareholders in this table refers to shareholders of Koninklijke Philips N.V.
[2] Shareholders in this table refers to shareholders of Koninklijke Philips N.V.