As from September 14, 2021, in accordance with IFRS 5 – Non-current assets held for sale and discontinued operations, Universal Music Group (UMG) was presented as a discontinued operation in Vivendi’s Consolidated Financial Statements. On September 23, 2021, the payment date of the distribution in kind of UMG shares to Vivendi’s shareholders, Vivendi ceded control of UMG and deconsolidated its 70% interest in UMG. For a detailed description of this transaction, please refer to Note 3 to the Consolidated Financial Statements for the year ended December 31, 2021.
The adjustments to previously published data are presented in the Financial Report for the year ended December 31, 2021, and in Note 31 to the Consolidated Financial Statements for the year ended December 31, 2021. These adjustments were made to all periods, as set out in the table of selected key consolidated financial data below, in respect of data from the Consolidated Statements of Earnings and Cash Flows.
As a reminder, in 2019, Vivendi applied a new accounting standard:
As a reminder, in 2018, Vivendi applied two new accounting standards:
|Year ended December 31,|
|Adjusted earnings before interest and income taxes (EBITA) (a)||690||298||
|Earnings before interest and income taxes (EBIT)||404||248||
|Earnings attributable to Vivendi SE shareowners||24,692||1,440||
|Adjusted net income (a)||649||292||
|Net Cash Position/(Financial Net Debt) (a)||348||(4,953)||
|of which Vivendi SE shareowners’ equity||18,981||15,759||
|Cash flow from operations (CFFO) (a)||748||646||
Cash flow from operations after interest and income tax paid (CFAIT) (a)
|Dividends paid by Vivendi SE to its shareholders||653||690||
|Special distribution in kind of 59.87% of UMG to Vivendi SE shareowners||25,284|
|Purchases/(sales) of Vivendi SE’s treasury shares||693||2,157||
|Per share data|
|Weighted average number of shares outstanding||1,076.3||1,140.7||
|Earnings attributable to Vivendi SE shareowners per share||22.94||1.26||
|Adjusted net income per share||0.60||0.26||
|Number of shares outstanding at the end of the period (excluding treasury shares)||1,045.4||1,092.8||
|Equity per share, attributable to Vivendi SE shareowners||18.16||14.42||
|Dividends per share paid||0.60||0.60||
In millions of euros, number of shares in millions, data per share in euros.
(a) The non-GAAP measures of 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.