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Consolidated statement of cash flows

 Year ended December 31,
(EUR thousand)Notes20132014
Cash flows from operating activities
Net income (loss) from continuing operations(342,514)138,160
Adjustments to reconcile net income to net cash from operating activities
Depreciation, amortization and impairments8, 938,38833,008
Share-based compensation174,4397,476
Non cash financing costs(414)(22,265)
Share in income of investments and associates3, 12368,331(39,413)
Deferred income taxes7,4164,850
Changes in assets and liabilities
Accounts receivable(26,487)6,756
Inventories7,733(20,022)
Other current assets(2,578)(7,531)
Accounts payable and accrued expenses12,67120,979
Current income taxes(1,347)2,738
Cash flows from operating activities from continuing operations65,638124,736
Cash flows from operating activities from discontinued operations850
Net cash provided by operating activities66,488124,736
Cash flows from investing activities
Capital expenditures9(10,776)(44,993)
Purchase of intangible assets8(18,239)(1,496)
Proceeds from sale of property, plant and equipment93,832359
Cash flows from investing activities from discontinued operations(25,183)(46,130)
Cash flows from investing activities from discontinued operations3291,930
Net cash (used in) provided by investing activities266,747(46,130)
Cash flows from financing activities
Debt issuance fees paid(1,416)
Purchase of treasury shares ASMI(29,338)
Proceeds from issuance of shares and exercise of stock options5,8414,758
Dividends to common shareholders of ASMI(31,666)(31,828)
Capital repayment(269,542)
Dividend received from ASMPT1210,17119,974
Cash flow from financing activities from continuing operations(285,196)(37,850)
Cash flow from financing activities from discontinued operations(21,909)
Net cash used in financing activities(307,105)(37,850)
Foreign currency translation effect on cash and cash equivalents(4,168)32,584
Net increase in cash and cash equivalents21,96273,340
Cash and cash equivalents at beginning of year4290,475312,437
Cash and cash equivalents at end of year4312,437385,777
Supplemental disclosures of cash flow information
Cash paid during the year for
Interest2,933
Income taxes6,49311,789

The accompanying notes are an integral part of these Consolidated financial statements.

Welcome to our 2014 Corporate reporting site

ASMI has a dual listing on Nasdaq (North America) and Euronext (the Netherlands). Our full 2014 Annual report is prepared in accordance with International Financial Reporting Standards ('IFRS'), as endorsed by the European Union and can be viewed online conveniently. We also file the Annual report on Form 20-F with the US Securities and Exchange Commission, which is available as a PDF. All our 2014 reports can be downloaded quickly and easily.

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STATUTORY
ANNUAL REPORT 2014

Our Statutory annual report provides a comprehensive overview of company developments in 2014. It has been prepared in accordance with International Financial Reporting Standards ('IFRS') as endorsed by the European Union.

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ANNUAL REPORT ON
FORM 20-F 2014

Form 20-F 2014, which is compiled based on US GAAP, has been filed with the Securities and Exchange Commission. It may contain information additional to the Statutory annual report.

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CR REPORT
2014

Our goal is to create better products and add value to the company, our stakeholders and society at large in a responsible, sustainable manner. Our CS report covers all aspects of our efforts to manage our business responsibly.

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REMUNERATION
REPORT 2014

The Remuneration report 2014 provides a breakdown
of our Management Board and Supervisory Board remuneration.

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RECONCILIATION
US GAAP-IFRS 2014

With dual listing in North America and the Netherlands, we report in US GAAP and IFRS. This document outlines the main differences for ASMI relating to US GAAP and IFRS.

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