Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Cash generated from operations

v3.24.1.1.u2
Cash generated from operations
12 Months Ended
Dec. 31, 2023
Statement of cash flows [abstract]  
Cash generated from operations Cash generated from operations
(in €‘000) Notes 2023 2022 2021
Loss before income tax (109,778) (304,656) (319,320)
Adjustments to reconcile loss before income tax to net cash flows:
Loss on modification of old facility 25 —  1,730  — 
Loss on extinguishment of old facility 25 —  2,832  — 
Fair value (gains)/losses on derivatives (purchase options) 7 —  (3,787) (2,900)
Fair value (gains)/losses on derivatives (power purchase agreements) 7 7,442  —  — 
Fair value (gains)/losses on Public and Private warrant liabilities 27 6,273  (27,103) — 
Other finance (income)/costs 12 31,535  12,221  15,340 
Share-based payment expenses 4, 11 21,120  258,089  291,837 
Depreciation, impairments and reversal of impairments of property, plant and equipment 9 , 10 , 15 20,222  16,749  5,596 
Depreciation and impairments of right-of-use of assets 9 , 10 , 17 8,537  6,710  3,408 
Amortization and impairments of intangible assets 9 , 10, 16 3,635  3,691  2,720 
Net (gain)/loss on disposal of property, plant and equipment 7 7,975  10,473  210 
Movements in working capital:
Decrease/(increase) in inventories 18 (8,087) (16,788) (4,306)
Decrease/(increase) in other financial assets 19 (9,491) (3,312) (2,563)
Decrease/(increase) in trade and other receivables, contract assets, and prepayments and other assets 6 , 20 , 21 (20,490) (21,664) (21,315)
Increase/(decrease) in trade and other payables and contract liabilities 6 , 28 7,828  (31,031) 28,562 
Increase/(decrease) in provisions and other liabilities 26 2,597  142  (190)
Cash generated from/(used in) operations (30,681) (95,704) (2,921)