407 Life Is On | Schneider Electric www.se.com Financial Statements 5. Chapter 5 – Consolidated financial statements at December 31, 2021 Comments to the consolidated Cash-flow The following table sets forth our cash-flow statement for 2021 and 2020: (in millions of euros) Note Full Year 2021 Full Year 2020 Profit for the year 3,273 2,238 Share of (profit)/losses of associates (84) (66) Income and expenses with no effect on cash flow: Depreciation of property, plant and equipment 11 726 698 Amortization of intangible assets other than goodwill 10 688 512 Impairment losses on non-current assets 34 54 Increase/(decrease) in provisions 21 (54) 266 Losses/(gains) on disposals of business and assets (18 4) (10) Difference between tax paid and tax expense (38) (137) Other non-cash adjustments 108 96 Net cash provided by operating activities 4,469 3,651 Decrease/(increase) in accounts receivables (577) 326 Decrease/(increase) in inventories and work in progress (955) (153) (Decrease)/increase in accounts payable 418 344 Decrease/(increase) in other current assets and liabilities 261 267 Change in working capital requirement (853) 784 TOTAL I – CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES 3,616 4,435 Purchases of property, plant and equipment 11 (543) (485) Proceeds from disposals of property, plant and equipment 59 55 Purchases of intangible assets 10 (333) (332) Net cash used by investment in operating assets (817) (762) Acquisitions and disposals of businesses, net of cash acquired & disposed 2 (4,231) (2,393) Other long-term investments 16 11 Increase in long-term pension assets (136) (106) Sub-total (4,351) (2,488) TOTAL II – CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES (5 ,16 8) (3,250) Issuance of bonds 22 – 2,444 Repayment of bonds 22 (600) (500) Sale/(purchase) of own shares (262) (50) Increase/(decrease) in other financial debt (444) 1,032 Increase/(decrease) of share capital 19 216 43 Transaction with non-controlling interests* 2 (418) 1,141 Dividends paid to Schneider Electric’s shareholders 19 (1,4 47) (1,413) Dividends paid to non-controlling interests (138) (112) TOTAL III – CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES (3,093) 2,585 TOTAL IV – NET FOREIGN EXCHANGE DIFFERENCE 346 (403) INCREASE/(DECREASE) IN NET CASH AND CASH EQUIVALENTS: I +II +III +IV (4,299) 3,367 Net cash and cash equivalents, beginning of the year 18 6,762 3,395 Increase/(decrease) in cash and cash equivalents (4,299) 3,367 NET CASH AND CASH EQUIVALENTS, END OF THE YEAR 18 2,463 6,762 * In 2020, the Group received EUR 1,141 million of cash from AVEVA’s minority interests, following the increase of capital realized by the latter, to finance the acquisition of OSIsoft (Note 2). * In 2021, transactions with non-controlling interests mainly relates to RIB Software SE (Note 2). Operating Activities Net cash provided by operating activities before changes in working capital requirement reached EUR 4,469 million for 2021, increasing compared to EUR 3,651 million for 2020. It represented 15.5% of revenues for 2021 (14.5% of revenues from 2020). Change in working capital requirement consumed EUR 853 million in cash in 2021, compared to a positive contribution of EUR 784 million in 2020. In all, net cash provided by operating activities decreased from EUR 4,435 million in 2020 to EUR 3,616 million in 2021.