Cash flow

Cash flow
(€ millions) Note 2015 of wich related parties 2014(restated*) of wich related parties
           
Gross cash flows from operating activities 34 1.680   1.556  
Change in trade receivables/payables, work in progress/progress 34 (637) 72 (605) (62)
Change in other operating assets and liabilities and provisions for risks and charges 34 5 151 (171) 40
Interest paid   (264) 23 (258) (4)
Income taxes paid   (158) - (155) -
Cash flows generated (used) from operating activities   626   367  
           
Sale of Transportation segment   790   -  
Cash in from Avio   -   239  
Investments in property, plant and equipment and intangible assets   (597)   (613)  
Sales of property, plant and equipment and intangible assets   54   11  
Other investing activities   210 - 254 -
Cash flows generated (used) from investing activities   (535)   (349)  
           
Bond issue   -   250  
Bond redemption   (515)   -  
Net change in other loans and borrowings   (20) (61) (599) (266)
Dividends paid   -   -  
Cash flows generated (used) from financing activities   (535)   (349)  
           
Net increase (decrease) in cash and cash equivalents   548   (91)  
Exchange rate differences and other changes   18   34  
Cash and cash equivalents at 1 January   1.485   1.455  
Cash and cash equivalents at 1 January of discontinued operations   (290)   -  
Net increase (decrease) in cash of discontinued operations   -   97  
           
Cash and cash equivalents at 31 December   1.771   1.495  
           
Cash flows from operating activities of discontinued operations   (47)   (188)  
Cash flows from operating activities of discontinued operations   (34)   (41)  
Cash flows from operating activities of discontinued operations   48   326