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Group Cash Flow Statement

For the year ended 31 December 2019
  Note 2019 2018
£m £m
Cash generated from operations 39 438.2 361.2
Tax paid   (25.0) (21.1)
Interest paid   (65.7) (43.0)
Interest received    8.7 9.7
Net cash flow from operating activities   356.2 306.8
Cash flows from investing activities      
Payments to acquire businesses, net of cash acquired 19 (108.3) (107.4)
Deferred consideration for businesses acquired  19 (14.8) (38.5)
Proceeds from the disposal of business, net of cash disposed 19 21.7 -
Purchase of property, plant and equipment   (116.5) (160.6)
Proceeds from disposal of property, plant and equipment   9.7 48.9
Payments to acquire intangible assets   (28.0) (5.8)
Proceeds from disposal of intangible assets   1.5 10.0
Settlement of net investment hedge derivative contracts   (11.0) -
(Payments)/receipts relating to associates and investments   (5.3) 1.1
Net cash flow from investing activities   (251.0) (252.3)
Cash flows from financing activities      
Lease principal payments   (91.1) (49.9)
Increase in borrowings   414.1 -
Repayment of borrowings   - (94.4)
Settlement of foreign exchange forward contracts   20.8 (27.6)
Purchase of own shares   (6.2) (9.7)
Contribution from non-controlling interests   3.1 -
Acquisition of non-controlling interests   (1.8) -
Dividends paid to non-controlling interests   (0.7) (0.6)
Dividends paid to shareholders of the Company 12 (78.3) (70.8)
Net cash flow from financing activities   259.9 (253.0)
Increase/(decrease) in cash and cash equivalents   365.1 (198.5)
Opening cash and cash equivalents   117.7 314.3
Increase/(decrease) in cash and cash equivalents   365.1 (198.5)
Foreign exchange   (4.5) 1.9
Closing cash and cash equivalents   478.3 117.7
Cash and cash equivalents in continuing operations 23 478.3 117.5
Cash and cash equivalents classified in assets held for sale 23 - 0.2
Closing cash and cash equivalents   478.3 117.7

 

Group Statement of Cash Flows in Excel format [11 KB]

Notes to the consolidated accounts in PDF format  [1.7 MB]

 

National Express Group

National Express Group is a leading public transport operator with bus, coach and rail services in the UK, Continental Europe, North Africa, North America and the Middle East. Passengers made 938 million journeys on our services in 2019.

National Express Group PLC is a company registered in England and Wales, whose registered office is National Express House, Birmingham Coach Station, Mill Lane, Digbeth Birmingham, B5 6DD. Registered No: 2590560.

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