| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
OPERATING | ||||||
Net income (loss) | ||||||
-514,100 | -576,600 | -1,446,200 | ||||
Depreciation and amortization | ||||||
181,200 | 293,200 | 1,310,600 | ||||
Multi-client surveys depreciation and amortization | ||||||
297,700 | 417,200 | 369,500 | ||||
Depreciation and amortization capitalized in multi-client surveys | ||||||
-30,000 | -42,300 | -72,800 | ||||
Variance on provisions | ||||||
-16,700 | -105,600 | 98,500 | ||||
Stock based compensation expenses | ||||||
700 | 2,000 | 3,100 | ||||
Net (gain) loss on disposal of fixed and financial assets | ||||||
-30,400 | 100 | -27,200 | ||||
Equity (income) loss of investees | ||||||
-20,100 | -8,200 | 21,400 | ||||
Dividends received from investments in companies under equity method | ||||||
-2,000 | -13,000 | -5,100 | ||||
Other non-cash items | ||||||
49,200 | 300 | -3,000 | ||||
Net cash flow including net cost of financial debt and income tax | ||||||
-40,300 | 9,500 | 216,200 | ||||
Less net cost of financial debt | ||||||
211,000 | 174,200 | 178,500 | ||||
Less income tax expense | ||||||
23,700 | -13,700 | 77,000 | ||||
Net cash flow excluding net cost of financial debt and income tax | ||||||
194,400 | 170,000 | 471,700 | ||||
Income tax paid | ||||||
-43,500 | 12,600 | 19,200 | ||||
Net cash flow before changes in working capital | ||||||
237,900 | 157,400 | 452,500 | ||||
- change in trade accounts and notes receivables | ||||||
-97,900 | 320,200 | 76,800 | ||||
- change in inventories and work-in-progress | ||||||
54,500 | 60,200 | 53,200 | ||||
- change in other current assets | ||||||
-15,800 | -27,300 | 25,700 | ||||
- change in trade accounts and notes payable | ||||||
-400 | -98,200 | -144,100 | ||||
- change in other current liabilities | ||||||
19,600 | -58,200 | -33,500 | ||||
Impact of changes in exchange rate on financial items | ||||||
- | 1,000 | -22,500 | ||||
Net cash flow provided by operating activities | ||||||
197,900 | 355,100 | 408,100 | ||||
INVESTING | ||||||
Total capital expenditures (including variation of fixed assets suppliers, excluding multi-client surveys) | ||||||
81,200 | 104,500 | 145,600 | ||||
Investments in multi-client surveys, net cash | ||||||
251,000 | 295,100 | 284,600 | ||||
Proceeds from disposals of tangible and intangible assets | ||||||
22,300 | 12,300 | 46,200 | ||||
Total net proceeds from financial assets | ||||||
4,500 | 6,100 | 4,400 | ||||
Acquisition of investments, net of cash & cash equivalents acquired | ||||||
- | - | 19,300 | ||||
Variation in loans granted | ||||||
-1,500 | 18,300 | -27,800 | ||||
Variation in subsidies for capital expenditures | ||||||
-500 | -600 | -700 | ||||
Variation in other non-current financial assets | ||||||
4,200 | -17,700 | 4,100 | ||||
Net cash flow used in investing activities | ||||||
-303,200 | -381,200 | -423,300 | ||||
FINANCING | ||||||
Repayment of long-term debt | ||||||
26,900 | 496,100 | 231,600 | ||||
Total issuance of long-term debt | ||||||
2,300 | 458,100 | 466,000 | ||||
Lease repayments | ||||||
5,700 | 8,700 | 8,200 | ||||
Change in short-term loans | ||||||
-1,400 | 900 | -2,100 | ||||
Financial expenses paid | ||||||
85,000 | 141,800 | 153,800 | ||||
Net proceeds from capital increase: | ||||||
- from shareholders | ||||||
- | 367,500 | - | ||||
- from non-controlling interests of integrated companies | ||||||
0 | 0 | 0 | ||||
Dividends paid and share capital reimbursements: | ||||||
- to shareholders | ||||||
0 | 0 | 0 | ||||
- to non-controlling interests of integrated companies | ||||||
- | 4,400 | 7,500 | ||||
Acquisition/disposal from treasury shares | ||||||
- | 500 | - | ||||
Net cash flow provided by (used in) financing activities | ||||||
-116,700 | 176,000 | 62,800 | ||||
Effect of exchange rates on cash | ||||||
6,100 | 3,600 | -21,400 | ||||
Impact of changes in consolidation scope | ||||||
7,500 | - | - | ||||
Net increase (decrease) in cash and cash equivalents | ||||||
-223,400 | 153,500 | 26,200 | ||||