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Annual Report 2013

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Annual Report 2014

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Annual Report 2015

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q1 2016

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q3 2016

Cash flow, balance sheet, and financing

Wärtsilä’s third quarter cash flow from operating activities amounted to EUR 189 million (-5). For January-September, the operating cash flow totalled EUR 378 million (78). Working capital totalled EUR 540 million (522) at the end of the review period, a decrease of EUR 62 million from the end of the previous quarter. Advances received at the end of the period totalled EUR 626 million (814). At the end of the previous quarter, advances totalled EUR 610 million. Cash and cash equivalents at the end of the period amounted to EUR 345 million (250) and unutilised Committed Credit Facilities totalled EUR 629 million (679).

Wärtsilä had interest-bearing debt totalling EUR 735 million (778) at the end of September 2016. At the end of December, interest-bearing debt totalled EUR 724 million. The total amount of short-term debt maturing within the next 12 months was EUR 203 million. Long-term loans amounted to EUR 532 million. Net interest-bearing debt totalled EUR 384 million (513) and gearing was 0.18 (0.26).

 

Liquidity preparedness
MEUR 30.9.2016 31.12.2015
Cash and cash equivalents 345 334
Unutilised committed credit facilities 629 679
Liquidity preparedness 974 1 013
% of net sales (rolling 12 months) 20 20
Less Commercial Papers 90 130
Liquidity preparedness excluding Commercial Papers 884 883
% of net sales (rolling 12 months) 18 18
On 30 September 2016, the average maturity of the total loan portfolio was 40 months and the average maturity of the long-term debt was 45 months.

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