XML 20 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Statement of cash flows [abstract]    
Net (loss) $ (479) $ (499)
Adjustments to reconcile net (loss) to net cash flows from operating activities    
Depreciation, amortization, impairments and fair value adjustments 779 709
Equity-based compensation expense 51 28
Non-cash change in provisions and other non-current liabilities 13 15
Losses on disposal and other adjustments on property, plant & equipment and other non-current assets, net 15 4
Interest expense 61 44
Other financial income & expense 16 16
Taxes (92) 338
Interest received 4 1
Interest paid (50) (28)
Other financial payments (3) (13)
Taxes paid (46) (64)
Net cash flows before working capital changes and net payments out of provisions and other non-current liabilities 269 551
Net payments out of provisions and other cash movements in non-current liabilities (58) (68)
Change in net current assets and other operating cash flow items (153) (182)
Net cash flows from operating activities 58 301
Purchase of property, plant & equipment (168) (206)
Purchase of intangible assets (32) (55)
Purchase of financial assets (1) (15)
Proceeds from sales of financial assets 0 1
Acquisition of business, net 0 (283)
Net cash flows used in investing activities (201) (558)
Movements of financing provided by former parent, net 0 (2,658)
Proceeds from non-current financial debts, net of issuance costs 744 1,745
Proceeds from Bridge Facility, net of issuance costs 0 1,495
Change in current financial debts (59) 214
Lease payments (33) (22)
Change in other financial receivables from former parent 0 39
Change in other financial liabilities to former parent 0 (67)
Other financing cash flows (17) 1
Net cash flows from financing activities 635 747
Effect of exchange rate changes on cash and cash equivalents 10 4
Net change in cash and cash equivalents 502 494
Cash and cash equivalents at January 1 822 227
Cash and cash equivalents at June 30 $ 1,324 $ 721