Key figures and simplified organization chart

Simplified Economic Organization Chart of the Group

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Vivendi - organigramme simplifié VA

Selected key consolidated financial data

Preliminary comments:

As from January 1, 2019, Vivendi applies the new accounting standard IFRS 16 – Leases. In accordance with IFRS 16, the impact of the change of accounting standard was recorded in the opening balance sheet as of January 1, 2019. Moreover, Vivendi applied this change of accounting standard to the Statement of Financial Position, Statement of Earnings and Statement of Cash Flows in 2019; therefore, the data relative to prior years is not comparable. For a detailed description, please refer to Notes 1.1, 1.3.5.7 and 11 to the Consolidated Financial Statements for the year ended December 31, 2019.

As a reminder, in 2018, Vivendi applied two new accounting standards:

  • IFRS 15 – Revenues from Contracts with Customers: in accordance with IFRS 15, as from 2017, Vivendi applied this change of accounting standard to revenues. The data presented below with respect to fiscal years 2015 to 2016 are historical and therefore unrestated; and
  • IFRS 9 – Financial Instruments: in accordance with IFRS 9, as from 2018, Vivendi applied this change of accounting standard to the Statement of Earnings and Statement of Comprehensive Income restating its opening balance sheet as of January 1, 2018; therefore, the data relative to prior years in this report is not comparable.

In addition, Vivendi deconsolidated GVT as from May 28, 2015, the date of its effective sale by Vivendi. In compliance with IFRS 5, this business was reported as a discontinued operation for 2015 as set out in the table of selected key consolidated financial data below in respect of data reflected in the Statement of Earnings and Statement of Cash Flows.

 

Year ended December 31,
2019 2018 2017 2016 2015
Consolidated data
Revenues 15,898 13,932 12,518 10,819 10,762
Income from operations (a) 1,719 1,439 1,098 853 1,061
Adjusted earnings before interest and income taxes (EBITA) (a) 1,526 1,288

969

724 942
Earnings before interest and income taxes (EBIT) 1,381 1,182

1,018

887 521
Earnings attributable to Vivendi shareowners 1,583 127

1,216

1,256 1,932
of which earnings from continuing operations attributable to Vivendi shareowners 1,583 127 1,216 1,236 699
Adjusted net income (a) 1,741 1,157

1,300

755 697
Net Cash Position/(Financial Net Debt) (a) (4,064) 176

(2,340)

1,231 7,172
Total equity 15,575 17,534

17,866

19,612 21,086
of which Vivendi shareowners’ equity 15,353 17,313

17,644

19,383 20,854
Cash flow from operations (CFFO) (a) 903 1,126

989

729 892

Cash flow from operations after interest and income tax paid (CFAIT) (a)

567 822 1,346 341 (69)
Financial investments (2,284) (694)

(3,685)

(4,084) (3,927)
Financial divestments 1,068 2,303

976

1,971 9,013
Dividends paid by Vivendi to its shareholders 636 568

499

(b) 2,588  2,727
Purchases/(sales) of Vivendi’s treasury shares 2,673

203

1,623 492
Per share data
Weighted average number of shares outstanding 1,233.5 1,263.5

1,252.7

1,272.6 1,361.5
Earnings attributable to Vivendi shareowners per share – basic 1.28 0.10

0.97

0.99 1.42
Adjusted net income per share 1.41 0.92

1.04

0.59 0.51
Number of shares outstanding at the end of the period (excluding treasury shares) 1,170.6 1,268.0

1,256.7

1,259.5 1,342.3
Equity per share, attributable to Vivendi shareowners 13.12 13.65

14.04

15.39 15.54
Dividends per share paid 0.50 0.45

0.40

(b) 2.00  2.00

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

na: not applicable.

(a) The non-GAAP measures of Income from operations, EBITA, Adjusted net income, Net Cash Position (or Financial Net Debt), Cash flow from operations (CFFO) and Cash flow from operations after interest and income tax paid (CFAIT) should be considered in addition to, and not as a substitute for, other GAAP measures of operating and financial performance as presented in the Consolidated Financial Statements and the related Notes, or as described in this Financial Report. Vivendi considers these to be relevant indicators of the group’s operating and financial performance. Each of these indicators is defined in the appropriate section of this Financial Report. In addition, it should be noted that other companies may have definitions and calculations for these indicators that differ from those used by Vivendi, thereby affecting comparability.

(b) With respect to fiscal year 2015, Vivendi paid an ordinary dividend of €3 per share, i.e., an aggregate dividend payment of €3,951 million. This amount included €1,363 million paid in 2015 (first interim dividend of €1 per share) and €2,588 million paid in 2016 (€1,318 million for the second interim dividend of €1 per share and €1,270 million representing the balance of €1 per share). In addition, in 2015, Vivendi paid a dividend with respect to fiscal year 2014 of €1 per share, i.e., €1,364 million.