CEZ's operating cash flow stood at CZK 17,952 mil in 2Q2020, up 118% when compared to the previous year. Historically, between 1Q1993 - 2Q2020, the firm’s operating cash flow reached a high of CZK 28,446 mil in 2Q2009 and a low of CZK -1,177 mil in 4Q2018.
CEZ's total investments stood at CZK -8,083 mil and accounted for 13.2% of sales in 2Q2020. This is compared to an average of 13.1% as seen over the last five years.
Cash from financing amounted to CZK -17,579 mil, so the company generated CZK -7,988 mil net cash in 2Q2020.
At the end of 2Q2020, the company had a net debt of CZK 90,112 mil, or 1.45x of EBITDA and 35.8% of equity. Net working capital amounted to CZK 13,221 mil, or 27.4% of sales. Cash conversion cycle is negative and reached days in 2Q2020. This means CEZ generates revenue from customers before it has to pay its suppliers for inventory, among other things.