Condensed consolidated statement of cash flows
Third quarter |
|
January-September |
||
2015 |
2016 |
in € millions |
2015 |
2016 |
922 |
1,254 |
Cash and cash equivalents at beginning of period |
1,649 |
1,317 |
|
|
|
|
|
Adjustments to reconcile earnings to cash generated from operating activities |
||||
300 |
300 |
Profit for the period from continuing operations |
840 |
903 |
154 |
152 |
Amortization and depreciation |
468 |
456 |
166 |
202 |
Changes in working capital |
(450) |
(364) |
(74) |
(137) |
Changes in provisions |
(569) |
(475) |
37 |
83 |
Other changes |
79 |
197 |
583 |
600 |
Net cash from operating activities |
368 |
717 |
(163) |
(128) |
Capital expenditures |
(423) |
(403) |
10 |
8 |
Acquisitions and divestments net of cash acquired |
122 |
31 |
10 |
6 |
Other changes |
(10) |
28 |
(143) |
(114) |
Net cash from investing activities |
(311) |
(344) |
(267) |
(78) |
Changes from borrowings |
(456) |
220 |
(10) |
(22) |
Dividends |
(215) |
(255) |
– |
(6) |
Other changes |
(2) |
(7) |
(277) |
(106) |
Net cash from financing activities |
(673) |
(42) |
163 |
380 |
Net cash used for continuing operations |
(616) |
331 |
– |
– |
Cash flows from discontinued operations |
(2) |
(4) |
163 |
380 |
Net change in cash and cash equivalents of total operations |
(618) |
327 |
(44) |
(2) |
Effect of exchange rate changes on cash and cash equivalents |
10 |
(12) |
1,041 |
1,632 |
Net Cash and cash equivalents at September 30 |
1,041 |
1,632 |
Cash flows and net debt
Operating activities in Q3 2016 resulted in a cash inflow of €600 million, up 3 percent (2015: €583 million).
At September 30, 2016 net debt was €1,119 million, down 35 percent on September 30, 2015 (€1,727 million).