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SEC Filings

6-K
INTERXION HOLDING N.V. filed this Form 6-K on 08/02/2018
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Condensed Consolidated Interim Statements of Cash Flows

 

Amounts x €’000

   Three Months Ended     Six Months Ended  
     30 Jun
2018
    30 Jun
2017(1)
    30 Jun
2018
    30 Jun
2017(1)
 

Net income

     582       9,655       12,238       19,914  

Depreciation and amortisation

     32,191       27,209       61,750       51,392  

Share-based payments

     3,646       2,215       6,863       3,809  

Net finance expense

     22,895       10,920       34,299       21,207  

Income tax expense

     2,795       3,727       6,608       7,027  
  

 

 

   

 

 

   

 

 

   

 

 

 
     62,109       53,726       121,758       103,349  
  

 

 

   

 

 

   

 

 

   

 

 

 

Movements in trade receivables and other assets

     (13,858     (16,191     (20,055     (13,388

Movements in trade payables and other liabilities

     6,858       3,051       11,486       13,581  
  

 

 

   

 

 

   

 

 

   

 

 

 

Cash generated from / (used in) operations

     55,109       40,586       113,189       103,542  
  

 

 

   

 

 

   

 

 

   

 

 

 

Interest and fees paid(2)

     (18,600     (2,462     (38,831     (20,912

Interest received

     —         8       —         (53

Income tax paid

     (4,893     (2,474     (8,166     (5,305
  

 

 

   

 

 

   

 

 

   

 

 

 

Net cash flows from / (used in) operating activities

     31,616       35,658       66,192       77,272  
  

 

 

   

 

 

   

 

 

   

 

 

 

Cash flows from / (used in) investing activities

        

Purchase of property, plant and equipment

     (117,534     (53,399     (211,751     (106,322

Financial investments - deposits

     114       (148     280       (366

Acquisition InterXion Science Park B.V.

     —         —         —         (77,517

Purchase of intangible assets

     (2,981     (3,042     (4,958     (4,876

Loans provided

     (834     (1,341     (1,251     (1,341
  

 

 

   

 

 

   

 

 

   

 

 

 

Net cash flows from / (used in) investing activities

     (121,235     (57,930     (217,680     (190,422
  

 

 

   

 

 

   

 

 

   

 

 

 

Cash flows from / (used in) financing activities

        

Proceeds from exercised options

     1,186       541       1,257       4,088  

Repayment of mortgages

     (4,948     (872     (5,496     (1,420

Proceeds from revolving credit facilities

     69,376       —         148,814       74,775  

Repayments revolving credit facilities

     (250,724     —         (250,724     (30,000

Proceeds 4.75% Senior Notes

     990,000       —         990,000       —    

Repayment 6.00% Senior Secured Notes

     (634,375     —         (634,375     —    

Transaction costs 4.75% Senior Notes

     (1,192     —         (1,192     —    

Transaction costs 2018 revolving credit facility

     (1,636     —         (1,636     —    
  

 

 

   

 

 

   

 

 

   

 

 

 

Net cash flows from / (used in) financing activities

     167,687       (331     246,648       47,443  

Effect of exchange rate changes on cash

     159       (695     (81     (943
  

 

 

   

 

 

   

 

 

   

 

 

 

Net movement in cash and cash equivalents

     78,227       (23,298     95,079       (66,650

Cash and cash equivalents, beginning of period

     55,336       72,541       38,484       115,893  
  

 

 

   

 

 

   

 

 

   

 

 

 

Cash and cash equivalents, end of period

     133,563       49,243       133,563       49,243  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Certain comparative figures for the three month and six month periods ended 30 June 2017 have been restated. For further details, see note 12.
(2) Interest and fees paid is reported net of cash interest capitalised, which is reported as part of “Purchase of property, plant and equipment”.

The accompanying notes form an integral part of these Condensed Consolidated Interim Financial Statements.

 

13   

Interim Report: Three-month and six-month period ended 30 June 2018

These Condensed Consolidated Interim Financial Statements are unaudited