Historical Summary
Revenue and profit
Per share
Cash flow statement
Financing ratios
C Heineken NV.
I OO Annual Report 2016
Report of the Report of the Financial Sustainability
Introduction Executive Board Supervisory Board Statements Review
Other
Information
2016
2015
2014
2013
2012'
In millions of EUR
Revenue
20,792
20,511
19,257
19,203
18,383
Results from operating activities
2,755
3,075
2,780
2,554
3,697
Results from operating activities (beia)
3,540
3,381
3,129
2,941
2,666
as of revenue
17.0
16.5
16.2
15.3
14.5
as of total assets
9.0
8.43
9.0
8.8
7.4
Net profit
1,540
1,892
1,516
1,364
2,914
Net profit (beia)
2,098
2,048
1,758
1,585
1,661
as of equity attributable to equity holders of the Company
15.8
15.1
14.2
13.9
14.2
Dividend proposed
763
741
632
512
512
as of net profit (beia)
36.4
36.2
35.9
32.3
30.8
In EUR
Cash flow from operating activities
6.53
6.10
5.32
5.07
4.69
Net profit (beia) basic
3.68
3.58
3.06
2.76
2.89
Net profit (beia) diluted
3.68
3.57
3.05
2.75
2.88
Dividend proposed
1.34
1.30
1.10
0.89
0.89
Equity attributable to equity holders of the Company
23.24
23.65
21.58
19.83
20.41
In millions of EUR
Cash flow from operations
4,720
4,486
4,140
3,983
3,518
Cash flow related to interest, dividend and income tax
(1,002)
(997)
(1,082)
(1,069)
(823)
Cash flow from operating activities
3,718
3,489
3,058
2,914
2,695
Cash flow (used in)/from operational investing activities
(1,945)
(1,797)
(1,484)
(1,396)
(1,210)
Free operating cash flow
1,773
1,692
1,574
1,518
1,485
Cash flow (used in)/from acquisitions and disposals
(62)
(267)
(189)
555
(4,415)
Dividend paid
(1,031)
(909)
(723)
(710)
(604)
Cash flow (used in)/from financing activities, excluding dividend
359
(264)
(1,730)
(1,042)
3,660
Net cash flow
1,039
252
(1,068)
321
126
Cash conversion rate
75.0%
73.3%
78.9%
84.0%
81.5%
Net debt/EBITDA (beia)
2.30
2.44
2.502
2.58
3.09
1 Restated for the revised IAS 19 as implemented in 2013 and finalisation of the purchase price allocation for APB.
2 Revised for the change in definition of net debt in 2015.
3 Comparative figure for 2015 has been revised to reflect the change in accounting policy on netting cash and overdraft balances in cash pooling arrangements with legally enforceable
rights to offset.