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Consolidated Statements of Cash Flows - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Statement of cash flows [abstract]      
Cash generated from operations before tax and exceptional items € 450.3 € 552.0 € 376.9
Cash flows relating to exceptional items (48.8) (12.1) (15.9)
Tax paid (95.2) (82.9) (45.6)
Net cash flows from operating activities 306.3 457.0 315.4
Cash flows from investing activities      
Business combinations, net of cash acquired (597.3) (112.9) (1.5)
Purchase of property, plant and equipment and intangibles (79.2) (58.7) (47.3)
Purchase of investments 0.0 (25.0) (25.0)
Redemption of investments 16.5 25.2 0.0
Net cash used in investing activities (660.0) (171.4) (73.8)
Cash flows from financing activities      
Proceeds from issuance of Ordinary Shares 0.0 0.6 354.1
Share issuance costs 0.0 0.0 (11.1)
Repurchase of ordinary shares (77.6) (608.6) 0.0
Income taxes paid (refund), classified as financing activities (22.6) (19.2) 0.0
Proceeds from new loans and notes 800.0 0.0 2.0
Repayment of loan principal (408.7) (11.7) (22.2)
Payments of lease liabilities, classified as financing activities (19.4) (20.3) (21.8)
Payment of financing fees (18.7) 0.0 0.0
Interest paid (36.7) (50.2) (48.4)
Interest received 0.1 0.7 2.4
Other financing cash flows (2.0) (6.1) (3.6)
Net cash provided by/(used in) financing activities 214.4 (714.8) 251.4
Net (decrease)/increase in cash and cash equivalents (139.3) (429.2) 493.0
Cash and cash equivalents at beginning of period 393.2 824.8 327.6
Effect of exchange rate fluctuations 11.0 (13.1) 4.2
Cash and cash equivalents at end of period 254.2 393.2 824.8
Cash and cash equivalents if different from statement of financial position € 254.2 € 382.5 € 824.8