Consolidated cash flow statements

Consolidated financial statements

(thousands of €)

2019

2018

Notes

Net profit/loss (-) of the year

149,845

(29,259)

 

 

 

 

 

Adjustment for non-cash transactions

248,027

21,753

25

Adjustment for items to disclose separately under operating cash flow

(7,731)

(4,389)

25

Adjustment for items to disclose under investing and financing cash flows

(5,061)

(668)

25

Change in working capital other than deferred income

12,698

19,922

25

Increase/decrease (-) in deferred income

2,804,202

(153,312)

24

 

 

 

 

Cash generated/used (-) in operations

3,201,980

(145,953)

 

 

 

 

 

Interest paid

(1,158)

(1,063)

 

Interest received

7,852

4,558

 

Corporate taxes paid

(57)

(8)

 

 

 

 

 

Net cash flows generated/used (-) in operating activities

3,208,617

(142,466)

 

 

 

 

 

Purchase of property, plant and equipment

(22,385)

(10,392)

14

Purchase of and expenditure in intangible fixed assets

(23,300)

(3,325)

13

Proceeds from disposal of property, plant and equipment

1

14

Increase in current financial investments

(4,787,284)

18

Interest received related to current financial investments

5,059

18

Decrease in current financial investments

1,063,344

18

Acquisition of financial assets held at fair value through profit or loss

(177)

(4,559)

15

Proceeds from sale of financial assets held at fair value through profit or loss

82

2,361

15

 

 

 

 

Net cash flows used in investing activities

(3,764,660)

(15,914)

 

 

 

 

 

Payment of lease liabilities

(5,091)

(5)

22

Proceeds from capital and share premium increases, gross amount

960,087

296,188

20

Issue costs paid related to capital and share premium increases

(4,447)

(15,964)

20

Proceeds from capital and share premium increases from exercise of warrants

17,167

7,657

20

Proceeds from capital and share premium increases from exercise of warrant A by Gilead

368,035

20

 

 

 

 

Net cash flows generated in financing activities

1,335,751

287,876

 

 

 

 

 

Increase in cash and cash equivalents

779,708

129,497

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents at beginning of year

1,290,796

1,151,211

19

 

 

 

 

Transfer to current financial investments

(198,922)

 

 

 

 

 

Increase in cash and cash equivalents

779,708

129,497

 

 

 

 

 

Effect of exchange rate differences on cash and cash equivalents

(9,966)

10,089

 

 

 

 

 

Cash and cash equivalents at end of the year

1,861,616

1,290,796

19

 

31 December

 

(thousands of €)

2019

2018

Notes

Current financial investments

3,919,216

18

Cash and cash equivalents

1,861,616

1,290,796

19

Current financial investments and cash and cash equivalents

5,780,832

1,290,796

 

The accompanying notes form an integral part of these financial statements.