Page 170 - 2012 Annual Report

170

VIVENDI

l

2012

l Annual Report

FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE

CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS –

STATUTORY FINANCIAL STATEMENTS

4

SELECTED KEY CONSOLIDATED FINANCIAL DATA

SELECTED KEY CONSOLIDATED FINANCIAL DATA

Year ended December 31,

2012

2011

2010

2009

2008

Consolidated data

Revenues

(a)

28,994

28,813

28,878

27,132

25,392

EBITA

(a) (b)

5,283

5,860

5,726

5,390

4,953

Earnings attributable to Vivendi SA shareowners

164

2,681

2,198

830

2,603

Adjusted net income

(b)

2,550

2,952

2,698

2,585

2,735

Financial Net Debt

(b) (c)

13,419

12,027

8,073

9,566

8,349

Total equity

(d)

21,436

22,070

28,173

25,988

26,626

Of which Vivendi SA shareowners’ equity

(d)

18,465

19,447

24,058

22,017

22,515

Cash flow from operations, before capital expenditures, net (CFFO before capex, net)

7,872

8,034

8,569

7,799

7,056

Capital expenditures, net (capex, net)

(e)

(4,490)

(3,340)

(3,357)

(2,562)

(2,001)

Cash flow from operations (CFFO)

(b)

3,382

4,694

5,212

5,237

5,055

Financial investments

(1,795)

(636)

(1,397)

(3,050)

(3,947)

Financial divestments

239

4,701

1,982

97

352

Dividends paid with respect to previous fiscal year

1,245

1,731

1,721

(f)

1,639

1,515

Per share data

Weighted average number of shares outstanding

(g)

1,298.9

1,281.4

1,273.8

1,244.7

1,208.6

Adjusted net income per share

(g)

1.96

2.30

2.12

2.08

2.26

Number of shares outstanding at the end of the period (excluding treasury shares)

(g)

1,322.5

1,287.4

1,278.7

1,270.3

1,211.6

Equity per share, attributable to Vivendi SA shareowners

(g)

13.96

15.11

18.81

17.33

18.58

Dividends per share paid with respect to previous fiscal year

1.00

1.40

1.30

In millions of euros, number of shares in millions, data per share in euros.

(a)

An analysis of revenues and EBITA by operating segment is presented in Section 4.1 of this Financial Report and in Note 3 to the Consolidated Financial

Statements for the year ended December 31, 2012.

(b)

Vivendi considers that the non-GAAP measures of EBITA, Adjusted net income, Financial Net Debt, and cash flow from operations (CFFO) are relevant

indicators of the group’s operating and financial performance. Each of these indicators is defined in the appropriate section of this Financial Report

or in its Appendix. These indicators should be considered in addition to, and not as a substitute for, other GAAP measures of operating and financial

performance as disclosed in the Consolidated Financial Statements and the related notes, or as described in this Financial Report. It should be noted

that other companies may define and calculate these indicators differently from Vivendi thereby affecting comparability.

(c)

As of December 31, 2009, Vivendi revised its definition of Financial Net Debt to include certain cash management financial assets whose features do

not strictly comply with the definition of cash equivalents as defined by IAS 7 and the AMF’s position n°2011-13 (in particular, these financial assets

may have a maturity of up to 12 months). Considering that no investment in such assets was made prior to 2009, the retroactive application of this

change in presentation would have no impact on Financial Net Debt for the relevant periods and the information presented in respect of the 2008 fiscal

year is therefore consistent.

(d)

With effect from January 1, 2009, Vivendi voluntarily opted for early application of the revised IFRS 3 (

Business Combinations

) and IAS 27 (

Consolidated

and Separate Financial Statements

). As a result, certain reclassifications have been made to the 2008 consolidated statement of changes in equity to

conform to the 2009 financial statements presentation, as prescribed by revised IAS 27.

(e)

Relates to cash used for capital expenditures, net of proceeds from sales of property, plant and equipment, and intangible assets.

(f)

The dividend distribution with respect to fiscal year 2008 totaled €1,639 million, of which €904 million was paid in Vivendi shares (which had no impact

on cash) and €735 million was paid in cash.

(g)

The number of shares, adjusted net income per share, and the equity per share, attributable to Vivendi SA shareowners have been adjusted for all

periods previously published in order to reflect the dilution arising from the grant to each shareowner on May 9, 2012 of one bonus share for each 30

shares held, in accordance with IAS 33 –

Earnings Per Share

.