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v3.23.2

Interim Condensed Consolidated Statements of Cash Flows - EUR (€) € in Thousands | 6 Months Ended
--- | ---
Jun. 30, 2023 | Jun. 30, 2022
Operating activities |  |
Loss before income tax | € (124,806) | € (72,759)
Adjustments to reconcile loss before tax to net cash flows |  |
Finance income | (10,085) | (5,343)
Finance expense | 2,734 | 2,536
Depreciation and impairment of property, plant and equipment and right-of-use assets | 11,489 | 16,651
Loss on disposal of fixed assets | 694 |
Impairment of inventory and prepayments | 6,879 | 25,687
Share-based payment expense | 4,572 | 3,597
Non-cash income from release of provisions | (1,634) | (47,242)
Working capital changes |  |
Decrease / (increase) in assets held for sale | 513 |
Decrease / (increase) in trade receivables and contract assets | 2,440 | 5,164
Decrease / (increase) in inventory | (5,084) | 16,367
Decrease / (increase) in other assets | 18,751 | (14,051)
(Decrease) / increase in trade and other payables, other liabilities and contract liabilities | (76,002) | (129,038)
Decrease / (increase) in deferred taxes | (25) | (10)
Income taxes paid | 18 | (126)
Interest received | 6,838 |
Interest paid | (994) | (2,608)
Net cash flow (used in) operating activities | (163,702) | (201,175)
Investing activities |  |
Purchase of property, plant and equipment | (27,222) | (43,507)
Purchase of intangible assets | (147) | (1,208)
Net cash flow (used in) investing activities | (27,369) | (44,715)
Financing activities |  |
Payments on lease obligations | (2,526) | (1,943)
Proceeds from the issuance of Shares (net of transaction costs) | 235,840 | 4,721
Payment on / proceeds from treasury shares/exercise of options | 199 | 631
Net cash flow provided by financing activities | 233,513 | 3,409
Net increase (decrease) in cash and cash equivalents | 42,442 | (242,481)
Currency translation gains (losses) on cash and cash equivalents | (314) | 4,583
Cash and cash equivalents, beginning of period | 495,797 | 811,464
Cash and cash equivalents, end of period | € 537,925 | € 573,566

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