Historical Summary
Reportofthe Reportofthe Financial Other
Contents Overview Executive Board Supervisory Board Statements Information
2015
2014
2013
20121
2011
Revenue and profit
In millions of EUR
Revenue
20,511
19,257
19,203
18,383
17,123
Results from operating activities
3,075
2,780
2,554
3,697
2,215
Results from operating activities (beia)
3,381
3,129
2,941
2,666
2,458
as of revenue
16.5
16.2
15.3
14.5
14.4
as of total assets
9.0
9.0
8.8
7.4
9.1
Net profit
1,892
1,516
1,364
2,914
1,430
Net profit (beia)
2,048
1,758
1,585
1,661
1,584
as of equity attributable to equity holders of the Company
15.1
14.2
13.9
14.2
16.2
Dividend proposed
741
632
512
512
477
as of net profit (beia)
36.2
35.9
32.3
30.8
30.1
Per share
In millions of EUR
Cash flow from operating activities
6.10
5.32
5.07
4.69
5.05
Net profit (beia) basic
3.58
3.06
2.76
2.89
2.71
Net profit (beia) diluted
3.57
3.05
2.75
2.88
2.7
Dividend proposed
1.30
1.10
0.89
0.89
0.83
Equity attributable to equity holders of the Company
23.65
21.58
19.83
20.41
16.702
Cash flow statement
In millions of EUR
Cash flow from operations
4,486
4,140
3,983
3,518
3,720
Cash flow related to interest, dividend and income tax
(997)
(1,082)
(1,069)
(823)
(809)
Cash flow from operating activities
3,489
3,058
2,914
2,695
2,911
Cash flow (used in)/from operational investing activities
(1,797)
(1,484)
(1,396)
(1,210)
(818)
Free operating cash flow
1,692
1,574
1,518
1,485
2,093
Cash flow (used in)/from acquisitions and disposals
(267)
(189)
555
(4,415)
(937)
Dividend paid
(909)
(723)
(710)
(604)
(580)
Cash flow (used in)/from financing activities, excluding dividend
(264)
(1,730)
(1,042)
3,660
(454)
Net cash flow
252
(1,068)
321
126
122
Cash conversion rate
73.3%
78.9%
84.0%
81.5%
122.1%
Financing ratios
Net debt/EBITDA (beia)
2.44
2.503
2.58
3.09
2.27
1 Restated for the revised IAS 19 as implemented in 2013 and finalisation of the purchase price allocation for APB.
2 Including the effect of the Allotted Share Delivery Instrument (ASDI) as included in the Annual Report 2011
3 Revised for the change in definition of net debt in 2015.
151 Heineken N.V. Annual Report 2015