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Consolidated statements of cash flows

08/08/2015 - 04:00 PM

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Consolidated statements of cash flows (millions of euros) 1 H 2015 1 H 2014 1 H 2013
       
Cash flows generated (used) by operating activities                    1,768                      1,645                   2,629
Cash flows generated (used) by investing activities                   (2,561)                     (2,324)                  (2,326)
Cash flows generated (used) by financing activities                       856                         (47)                  (3,003)
Cash flows generated (used) by discontinued operations/assets held for sale                         21                       (349)                     113
Net cash and cash equivalents at the beginning of the year                    4,910                      6,296                   7,397
Net effect of foreign currency translation on cash and cash equivalents                      (106)                           (1)                    (104)
Net cash and cash equivalents at the end of the year                    4,888                      5,220                   4,706