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| EUR m | 2012 | 2011 | Change | Change in % | ||
|---|---|---|---|---|---|---|
| CONTINUING OPERATIONS | ||||||
| 1. | Revenues | [8] | 2,356.2 | 2,199.2 | +157.1 | +7 % |
| 2. | Cost of sales | [9] | -1,266.4 | -1,185.4 | -81.0 | -7 % |
| 3. | Gross profit | 1,089.8 | 1,013.8 | +76.0 | +7 % | |
| 4. | Selling expenses | [10] | -229.9 | -208.1 | -21.7 | -10 % |
| 5. | Administrative expenses | [11] | -243.9 | -212.1 | -31.8 | -15 % |
| 6. | Other operating expenses | [12] | -28.6 | -22.4 | -6.2 | -28 % |
| 7. | Other operating income | [13] | 13.4 | 9.3 | +4.2 | + 45 % |
| 8. | Operating profit | 600.9 | 580.5 | +20.4 | +4 % | |
| 9. | Interest and similar income | 3.0 | 8.4 | -5.3 | -64 % | |
| 10. | Interest and similar expenses | -156.2 | -205.5 | +49.2 | +24 % | |
| 11. | Interest result | [14] | -153.2 | -197.1 | + 43.9 | +22 % |
| 12. | Income from investments accounted for using the equity method | [15] | 10.3 | 3.3 | +7.0 | >+100 % |
| 13. | Other financial result | [15] | -1.5 | -38.8 | +37.3 | + 96 % |
| 14. | Financial result | -144.4 | -232.7 | + 88.3 | +38 % | |
| 15. | Profit before income taxes | 456.5 | 347.8 | + 108.7 | +31 % | |
| 16. | Income taxes | [16] | -127.4 | -76.7 | -50.7 | -66 % |
| 17. | Profit for the period from continuing operations | 329.1 | 271.1 | + 58.0 | +21 % | |
| DISCONTINUED OPERATIONS | ||||||
| 18. | Profit from discontinued operations (net of income taxes) | [3] | -30.2 | 373.2 | -403.5 | - / - |
| 19. | Profit for the period | 298.8 | 644.4 | -345.6 | -54 % | |
| Attributable to shareholders of ProSiebenSat.1 Media AG | 295.0 | 637.5 | -342.5 | -54 % | ||
| Non-controlling interests | 3.9 | 6.9 | -3.0 | -44 % | ||
| EUR | ||||||
| Earnings per share | ||||||
| Basic earnings per share of common stock | [17] | 1.38 | 2.99 | -1.61 | -54 % | |
| Basic earnings per share of preferred stock | [17] | 1.40 | 3.01 | -1.61 | -53 % | |
| Diluted earnings per share of common stock | [17] | 1.37 | 2.96 | -1.59 | -54 % | |
| Diluted earnings per share of preferred stock | [17] | 1.39 | 2.98 | -1.59 | -53 % | |
| Earnings per share from continuing operations | ||||||
| Basic earnings per share of common stock | [17] | 1.52 | 1.24 | + 0.28 | +23 % | |
| Basic earnings per share of preferred stock | [17] | 1.54 | 1.25 | + 0.29 | +23 % | |
| Diluted earnings per share of common stock | [17] | 1.51 | 1.23 | + 0.28 | +23 % | |
| Diluted earnings per share of preferred stock | [17] | 1.53 | 1.23 | + 0.30 | +24 % | |
| Earnings per share from discontinued operations | ||||||
| Basic earnings per share of common stock | [17] | -0.14 | 1.75 | -1.89 | - / - | |
| Basic earnings per share of preferred stock | [17] | -0.14 | 1.76 | -1.90 | - / - | |
| Diluted earnings per share of common stock | [17] | -0.14 | 1.73 | -1.87 | - / - | |
| Diluted earnings per share of preferred stock | [17] | -0.14 | 1.74 | -1.88 | - / - | |
| EUR m | 2012 | 2011 | Change | Change in % |
|---|---|---|---|---|
| 1Includes non-controlling interests from change in foreign currency translation adjustment in 2012 of 0.0 EUR m (2011: -0.1 EUR m) as well as amounts associated with assets and liabilities held for sale of 32.8 EUR m (2011: 0.0 EUR m). 2Includes amounts associated with assets and liabilities held for sale of -1.4 EUR m (2011: 0.0 EUR m). 3Includes amounts associated with assets and liabilities held for sale of 0.4 EUR m (2011: 0.0 EUR m). | ||||
| Profit for the period | 298.8 | 644.4 | -345.6 | -54 % |
| Change in foreign currency translation adjustment1 | 45.1 | -9.3 | +54.4 | - / - |
| Changes in fair value of cash flow hedges2 | -27.2 | 77.3 | -104.5 | - / - |
| Deferred tax on other comprehensive income3 | 8.1 | -20.5 | +28.6 | - / - |
| Other comprehensive income for the period | 26.0 | 47.5 | -21.5 | -45 % |
| Total comprehensive income for the period | 324.9 | 691.9 | -367.1 | -53 % |
| Attributable to shareholders of ProSiebenSat.1 Media AG | 321.0 | 685.1 | -364.1 | -53 % |
| Non-controlling interests | 3.9 | 6.8 | -2.9 | -43 % |
| EUR m | 12/31/2012 | 12/31/2011 | Change | ||
|---|---|---|---|---|---|
| A. Non-current assets | |||||
| I. | Intangible assets | [19] | 1,062.6 | 2,169.3 | -1,106.7 |
| II. | Property, plant and equipment | [20] | 198.7 | 221.3 | -22.6 |
| III. | Investments accounted for using the equity method | [21] | 5.3 | 1.0 | + 4.3 |
| IV. | Non-current financial assets | [21] | 61.2 | 56.5 | + 4.7 |
| V. | Programming assets | [22] | 1,110.7 | 1,337.8 | -227.1 |
| VI. | Non-current tax assets | 0.0 | - / - | + 0.0 | |
| VII. | Other receivables and non-current assets | [24] | 2.9 | 2.6 | + 0.3 |
| VIII. | Deferred tax assets | [16] | 25.8 | 78.8 | -53.0 |
| 2,467.1 | 3,867.3 | -1,400.2 | |||
| B. Current assets | |||||
| I. | Programming assets | [22] | 166.2 | 193.5 | -27.3 |
| II. | Inventories | [23] | 0.7 | 1.0 | -0.3 |
| III. | Trade receivables | [24] | 268.7 | 279.4 | -10.7 |
| IV. | Current tax assets | 37.8 | 39.2 | -1.4 | |
| V. | Other receivables and current assets | [24] | 98.4 | 135.3 | -36.9 |
| VI. | Cash and cash equivalents | [25] | 702.3 | 517.9 | + 184.4 |
| VII. | Assets held for sale | 1,671.4 | - / - | + 1,671.4 | |
| 2,945.5 | 1,166.3 | + 1,779.2 | |||
| Total assets | 5,412.6 | 5,033.6 | + 379.0 | ||
| EUR m | 12/31/2012 | 12/31/2011 | Change | ||
|---|---|---|---|---|---|
| A. | Equity | [26] | |||
| I. | Subscribed capital | 218.8 | 218.8 | - / - | |
| II. | Capital reserves | 581.6 | 575.5 | + 6.1 | |
| III. | Retained earnings | 829.6 | 782.3 | + 47.3 | |
| IV. | Treasury shares | -47.4 | -52.5 | + 5.1 | |
| V. | Accumulated other comprehensive income from continuing operations | -98.2 | -92.3 | -5.9 | |
| VI. | Accumulated other comprehensive income associated with assets and liabilities held for sale | 31.8 | - / - | +31.8 | |
| VII. | Sonstiges Eigenkapital | -20.5 | -0.4 | -20.1 | |
| Total equity attributable to shareholders of ProSiebenSat.1 Media AG | 1,495.9 | 1,431.4 | + 64.5 | ||
| VIII. | Non-controlling interests | 5.0 | 10.0 | -5.0 | |
| 1,500.9 | 1,441.4 | + 59.5 | |||
| B. | Non-current liabilities | ||||
| I. | Non-current loans and borrowings | [29] | 2,342.2 | 2,335.6 | + 6.6 |
| II. | Other non-current financial liabilities | [29] | 317.0 | 279.0 | +38.0 |
| III. | Trade payables | [29] | - / - | 46.8 | -46.8 |
| IV. | Other non-current liabilities | [30] | 4.4 | 1.3 | +3.1 |
| V. | Provisions for pensions | [27] | 12.8 | 10.1 | + 2.7 |
| VI. | Other non-current provisions | [28] | 5.3 | 6.4 | -1.1 |
| VII. | Deferred tax liabilities | [16] | 66.7 | 138.7 | -72.0 |
| 2,748.3 | 2,817.9 | -69.6 | |||
| C. | Current liabilities | ||||
| I. | Current loans and borrowings | [29] | 230.9 | 0.1 | + 230.8 |
| II. | Other current financial liabilities | [29] | 36.1 | 47.5 | -11.4 |
| III. | Trade payables | [29] | 322.2 | 410.0 | -87.8 |
| IV. | Other current liabilities | [30] | 202.6 | 188.5 | + 14.1 |
| V. | Provisions for taxes | 20.8 | 49.5 | -28.7 | |
| VI. | Other current provisions | [28] | 52.2 | 78.7 | -26.5 |
| VII. | Liabilities associated with assets held for sale | 298.6 | - / - | +298.6 | |
| 1,163.4 | 774.3 | + 389.1 | |||
| Total equity and liabilities | 5,412.6 | 5,033.6 | + 379.0 | ||
| EUR m | 2012 | 2011 |
|---|---|---|
| Profit from continuing operations | 329.1 | 271.1 |
| Profit from discontinued operations (net of income taxes) | -30.2 | 373.2 |
| of which gain on the sale of discontinued operations (net of tax) | - / - | 335.8 |
| Profit for the period | 298.8 | 644.4 |
| Income taxes | 127.4 | 76.7 |
| Financial result | 144.4 | 232.7 |
| Depreciation/amortization and impairment of intangible and tangible assets | 79.5 | 72.0 |
| Consumption/reversal of impairment of programming assets | 835.9 | 849.2 |
| Change in provisions for pensions and other provisions | 12.1 | 5.5 |
| Gain/loss on the sale of assets | -4.0 | -0.6 |
| Other non-cash income/expenses | -7.4 | -18.3 |
| Cash flow from continuing operations | 1,517.0 | 1,488.3 |
| Cash flow from discontinued operations | 346.2 | 427.9 |
| Cash flow total | 1,863.2 | 1,916.3 |
| Cash flow total | -32.8 | -17.7 |
| Dividends received | 5.5 | 3.3 |
| Income tax paid | -129.1 | -102.1 |
| Interest paid | -160.0 | -204.4 |
| Interest received | 1.6 | 7.1 |
| Cash flow from operating activities of continuing operations | 1,202.1 | 1,174.5 |
| Cash flow from operating activities of discontinued operations | 363.1 | 182.4 |
| Cash flow from operating activities total | 1,565.2 | 1,356.9 |
| Proceeds from disposal of non-current assets | 0.2 | 0.3 |
| Payments for the acquisition of intangible and tangible assets | -88.4 | -55.7 |
| Payments for the acquisition of financial assets | -2.0 | -2.1 |
| Proceeds from disposal of programming assets | 19.9 | 36.8 |
| Payments for the acquisition of programming assets | -843.3 | -938.9 |
| Cash flows from obtaining control of subsidiaries or other business | -27.1 | -16.4 |
| Cash flows from losing control of subsidiaries or other business | -5.2 | 2.6 |
| Cash flow from investing activities of continuing operations | -945.8 | -973.4 |
| Cash flow from investing activities of discontinued operations | -317.9 | 1,122.1 |
| of which proceeds from disposal of discontinued operation (net of cash disposed of) | 9.2 | 1,459.4 |
| Cash flow from investing activities total | -1,263.7 | 148.7 |
| Free cash flow of continuing operations | 256.3 | 201.2 |
| Free cash flow of discontinued operations | 45.2 | 1,304.5 |
| Free cash flow | 301.5 | 1,505.7 |
| Dividends paid | -245.7 | -241.2 |
| Repayment of interest-bearing liabilities | -0.5 | -1,430.7 |
| Proceeds from issuance of interest-bearing liabilities | 230.8 | - / - |
| Repayment of finance lease liabilities | -9.6 | -9.4 |
| Proceeds from the sale of treasury shares | 5.1 | 5.6 |
| Repurchase of treasury shares | - / - | -32.6 |
| Payments for shares in other entities without change in control | 0.1 | -0.1 |
| Proceeds from the issue of share capital from non-controlling interests | 0.2 | - / - |
| Payments in connection with refinancing measures | -2.3 | -10.2 |
| Dividend payments to non-controlling interests | -9.1 | -5.6 |
| Cash flow from financing activities of continuing operations | -30.9 | -1,724.2 |
| Cash flow from financing activities of discontinued operations | -0.8 | -0.4 |
| Cash flow from financing activities total | -31.7 | -1,724.6 |
| Effect of foreign exchange rate changes of continuing operations on cash and cash equivalents | 2.5 | -1.4 |
| Effect of foreign exchange rate changes of discontinued operations on cash and cash equivalents | 2.4 | -2.4 |
| Change in cash and cash equivalents total | 274.8 | -222.8 |
| Cash and cash equivalents at beginning of reporting period | 517.9 | 740.7 |
| Cash and cash equivalents at end of reporting period | 792.6 | 517.9 |
| Cash and cash equivalents classified under assets held for sale at end of reporting period | -90.4 | - / - |
| Cash and cash equivalents of continuing operations at end of reporting period | 702.3 | 517.9 |
| Accumulated other comprehensive income | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subscribed capital | Capital reserves | Retained earnings | Treasury shares | Foreign currency translation adjustment | Fair value changes of cash flow hedges | Deferred taxes | Other equity | Total equity attributable to shareholders of ProsiebenSat.1 Media AG | Noncontrolling interests | Total equity | |
| December 31, 2010 | 218.8 | 577.6 | 386.2 | -25.4 | 0.8 | -193.0 | 52.3 | - / - | 1,017.3 | 8.6 | 1,025.9 |
| Profit for the period | - / - | - / - | 637.5 | - / - | - / - | - / - | - / - | - / - | 637.5 | 6.9 | 644.4 |
| Other comprehensive income | - / - | - / - | - / - | - / - | -9.2 | 77.3 | -20.5 | - / - | 47.6 | -0.1 | 47.5 |
| Total comprehensive income | - / - | - / - | 637.5 | - / - | -9.2 | 77.3 | -20.5 | - / - | 685.1 | 6.8 | 691.9 |
| Dividends paid | - / - | - / - | -241.2 | - / - | - / - | - / - | - / - | - / - | -241.2 | -5.8 | -247.0 |
| Stock option plan | - / - | 4.0 | - / - | - / - | - / - | - / - | - / - | - / - | 4.0 | - / - | 4.0 |
| Repurchase of treasury stock | - / - | - / - | - / - | -32.6 | - / - | - / - | - / - | - / - | -32.6 | - / - | -32.6 |
| Other changes | - / - | -6.1 | -0.2 | 5.5 | - / - | - / - | - / - | -0.4 | -1.2 | 0.4 | -0.8 |
| December 31, 2011 | 218.8 | 575.5 | 782.3 | -52.5 | -8.4 | -115.7 | 31.8 | -0.4 | 1,431.4 | 10.0 | 1,441.4 |
| Accumulated other comprehensive income | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subscribed capital | Capital reserves | Retained earnings | Treasury shares | Foreign currency translation adjustment | Fair value changes of cash flow hedges | Deferred taxes | Other equity | Total equity attributable to shareholders of ProsiebenSat.1 Media AG | Noncontrolling interests | Total equity | |
| 1Includes amounts associated with assets and liabilities held for sale from foreign currency translation (32.8 EUR m), valuation of cash flow hedges (-1.4 EUR m) and from deferred taxes (0.4 EUR m). | |||||||||||
| December 31, 2011 | 218.8 | 575.5 | 782.3 | -52.5 | -8.4 | -115.7 | 31.8 | -0.4 | 1,431.4 | 10.0 | 1,441.4 |
| Profit for the period | - / - | - / - | 295.0 | - / - | - / - | - / - | - / - | - / - | 295.0 | 3.9 | 298.8 |
| Other comprehensive income1 | - / - | - / - | - / - | - / - | 45.0 | -27.2 | 8.1 | - / - | 26.0 | 0.0 | 26.0 |
| Total comprehensive income | - / - | - / - | 295.0 | - / - | 45.0 | -27.2 | 8.1 | - / - | 321.0 | 3.9 | 324.9 |
| Dividends paid | - / - | - / - | -245.7 | - / - | - / - | - / - | - / - | - / - | -245.7 | -9.5 | -255.2 |
| Share-based payments | - / - | 6.3 | - / - | - / - | - / - | - / - | - / - | - / - | 6.3 | - / - | 6.3 |
| Other changes | - / - | -0.2 | -2.0 | 5.1 | - / - | - / - | - / - | -20.1 | -17.1 | 0.6 | -16.5 |
| December 31, 2012 | 218.8 | 581.6 | 829.6 | -47.4 | 36.6 | -142.9 | 39.9 | -20.5 | 1,495.9 | 5.0 | 1,500.9 |
