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Consolidated statement of cash flows - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net loss € (581) € (186) € (78)
Adjustments to reconcile net loss to net cash flows      
Depreciation of property and equipment and lease right-of-use assets 86 71 21
Amortization of intangible assets 25 16 11
Share-based compensation expense 176 122 88
Finance income (94) (275) (455)
Finance costs 510 333 584
Income tax (benefit)/expense (128) 55 (95)
Other 7 13 8
Changes in working capital:      
Increase in trade receivables and other assets (187) (27) (61)
Increase in trade and other liabilities 425 454 291
Increase in deferred revenue 73 59 38
Increase/(decrease) in provisions 6 (35) (17)
Interest paid on lease liabilities (55) (37) 0
Interest received 4 14 18
Income tax paid (8) (4) (9)
Net cash flows from operating activities 259 573 344
Investing activities      
Business combinations, net of cash acquired (336) (331) (9)
Purchases of property and equipment (78) (135) (125)
Purchases of short term investments (1,354) (901) (1,069)
Sales and maturities of short term investments 1,421 1,163 1,226
Change in restricted cash 2 2 (10)
Other (27) (16) (35)
Net cash flows used in investing activities (372) (218) (22)
Financing activities      
Payments of lease liabilities (24) (17) 0
Lease incentives received 20 15 0
Repurchases of ordinary shares 0 (438) (72)
Proceeds from exercise of stock options 319 154 163
Proceeds from exercise of warrants 0 74 0
Proceeds from issuance of warrants 0 15 0
Other (30) (6) 1
Net cash flows from/(used in) financing activities 285 (203) 92
Net increase in cash and cash equivalents 172 152 414
Cash and cash equivalents at January 1 1,065 891 477
Net foreign exchange (losses)/gains on cash and cash equivalents (86) 22 0
Cash and cash equivalents at December 31, 1,151 1,065 891
Non-cash investing and financing activities      
Deferred consideration liability recognized in conjunction with business combination 32 2 0
Lease right-of-use assets obtained in exchange for lease liabilities 29 136 0
Purchases of property and equipment in trade and other payables 16 14 23
Issuance of shares upon exercise of, or effective net settlement of, warrants 267 303 0
Issuance of shares upon exchange of Convertible Notes € 0 € 0 € 1,145