Consolidated statement of cash flows
in € millions |
Note |
|
2015 |
|
2016 |
Profit for the period |
|
1,066 |
|
1,052 |
|
Income from discontinued operations |
(6) |
|
2 |
|
|
|
|
|
|
|
|
Adjustments to reconcile earnings to cash generated from operating activities |
|
|
|
|
|
Amortization and depreciation |
626 |
|
606 |
|
|
Impairment losses |
22 |
|
63 |
|
|
Financing income and expenses |
114 |
|
114 |
|
|
Results from associates and joint ventures |
(17) |
|
(43) |
|
|
Pre-tax result on acquisitions and divestments |
(70) |
|
(31) |
|
|
Income tax |
416 |
|
394 |
|
|
Changes in working capital |
46 |
|
1 |
|
|
Changes in provisions |
(658) |
|
(504) |
|
|
Interest paid |
|
(151) |
|
(87) |
|
Income tax paid |
|
(261) |
|
(285) |
|
Other changes |
|
9 |
|
15 |
|
Net cash from operating activities |
|
|
1,136 |
|
1,297 |
Capital expenditures |
(651) |
|
(634) |
|
|
Interest received |
|
22 |
|
21 |
|
Dividends from associates and joint ventures |
|
11 |
|
23 |
|
Acquisition of consolidated companies |
(9) |
|
(416) |
|
|
Proceeds from divestments |
|
160 |
|
53 |
|
Other changes |
|
(41) |
|
(26) |
|
Net cash from investing activities |
|
|
(508) |
|
(979) |
Proceeds from borrowings |
829 |
|
916 |
|
|
Borrowings repaid |
(1,518) |
|
(776) |
|
|
Dividends paid |
|
(281) |
|
(336) |
|
Buy-out of non-controlling interests |
|
(2) |
|
(7) |
|
Net cash from financing activities |
|
|
(972) |
|
(203) |
|
|
|
|
|
|
Net cash from continuing operations |
|
|
(344) |
|
115 |
Cash flows from discontinued operations |
|
(6) |
|
(6) |
|
Net change in cash and cash equivalents of continued and discontinued operations |
|
|
(350) |
|
109 |
|
|
|
|
|
|
Cash and cash equivalents at January 1 |
|
1,649 |
|
1,317 |
|
Effect of exchange rate changes on cash and cash equivalents |
|
|
18 |
|
15 |
Net cash and cash equivalents at December 31 |
|
|
1,317 |
|
1,441 |