XML 78 R7.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENT OF CASH FLOWS
€ in Millions
 12 Months Ended
Dec. 31, 2018
EUR (€)
Dec. 31, 2017
EUR (€)
Dec. 31, 2016
EUR (€)
Net profit (loss) of the year – continuing operations € 4,137 € 3,377 € (1,044)
Adjustments to reconcile net profit (loss) to net cash provided by operating activities      
Depreciation and amortization 6,988 7,483 7,559
Net Impairments (reversals) of tangible and intangible assets 866 (225) (475)
Write-off of tangible and intangible assets 100 263 350
Share of (profit) loss of equity-accounted investments 68 267 326
Gain on disposal of assets, net (474) (3,446) (48)
Dividend income (231) (205) (143)
Interest income (185) (283) (209)
Interest expense 614 671 645
Income taxes 5,970 3,467 1,936
Other changes (474) 894 (9)
Changes in working capital:      
- inventories 15 (346) (273)
- trade receivables 334 657 1,286
- trade payables 642 284 1,495
- provisions for contingencies (238) 96 (1,043)
- other assets and liabilities 879 749 647
Cash flow from changes in working capital 1,632 1,440 2,112
Net change in the provisions for employee benefits 109 38 22
Dividends received 275 291 212
Interest received 87 104 160
Interest paid (609) (582) (780)
Income taxes paid, net of tax receivables received (5,226) (3,437) (2,941)
Net cash provided by operating activities 13,647 10,117 7,673
Investing activities:      
- tangible assets (8,778) (8,490) (9,067)
- intangible assets (341) (191) (113)
- consolidated subsidiaries and businesses net of cash and cash equivalent acquired (119)
- investments (125) (510) (1,164)
- securities (432) (316) (1,336)
- financial receivables (554) (657) (1,208)
- change in payables in relation to investing activities and capitalized depreciation 408 152 (8)
Cash flow from investing activities (9,941) (10,012) (12,896)
Disposals:      
- tangible assets 1,089 2,745 19
- intangible assets 5 2  
- consolidated subsidiaries and businesses net of cash and cash equivalent disposed of (47) 2,662 (362)
- tax on disposals   (436)  
- investments 195 482 508
- securities 61 224 20
- financial receivables 496 999 8,063
- change in receivables in relation to disposals 606 (434) 205
Cash flow from disposals 2,405 6,244 8,453
Net cash used in investing activities (7,536) (3,768) (4,443)
Increase in long-term financial debt 3,790 1,842 4,202
Repayments of long-term financial debt (2,757) (2,973) (2,323)
Increase (decrease) in short-term financial debt (713) (581) (2,645)
Cash flows from used in increase (decrease) in borrowings 320 (1,712) (766)
Dividends paid to Eni's shareholders (2,954) (2,880) (2,881)
Dividends paid to non-controlling interest (3) (3) (4)
Net cash used in financing activities (2,637) (4,595) (3,651)
Effect of change in consolidation (inclusion/exclusion of significant/insignificant subsidiaries)   7 (5)
Effect of cash and cash equivalents pertaining to discontinued operations     889
Effect of exchange rate changes and other changes on cash and cash equivalents 18 (72) 2
Net cash flow of the year 3,492 1,689 465
Cash and cash equivalents – beginning of the year 7,363 [1] 5,674 [1] 5,209
Cash and cash equivalents – end of the year [1] 10,836 7,363 5,674
Related parties [member]      
Changes in working capital:      
Net cash provided by operating activities (2,707) (2,843) (3,749)
Disposals:      
Net cash used in investing activities (3,314) (3,115) 3,752
Net cash used in financing activities € 16 € (16) € (192)
[1] Cash and cash equivalents as of December 31, 2018, include €19 million of cash and cash equivalents of consolidated subsidiaries held for sale that were reported in the item Assets held for sale in the balance sheet