Consolidated statement of cash flows
In € millions |
Note |
|
2016* |
|
2017 |
||||
|
|||||||||
Profit for the period |
|
1,052 |
|
904 |
|
||||
|
|
|
|
|
|
||||
Adjustments to reconcile earnings to cash generated from operating activities |
|
|
|
|
|||||
Amortization and depreciation |
606 |
|
607 |
|
|||||
Impairment losses |
63 |
|
– |
|
|||||
Financing income and expenses |
114 |
|
96 |
|
|||||
Results from associates and joint ventures |
(43) |
|
(25) |
|
|||||
Pre-tax result on acquisitions and divestments |
(31) |
|
(34) |
|
|||||
Income tax |
393 |
|
422 |
|
|||||
Changes in working capital |
1 |
|
(110) |
|
|||||
Changes in provisions |
(507) |
|
(477) |
|
|||||
Interest paid |
|
(87) |
|
(84) |
|
||||
Income tax paid |
|
(285) |
|
(338) |
|
||||
Other changes |
|
15 |
|
8 |
|
||||
Net cash from operating activities |
|
|
1,291 |
|
969 |
||||
Capital expenditures |
(634) |
|
(613) |
|
|||||
Interest received |
|
21 |
|
14 |
|
||||
Dividends from associates and joint ventures |
|
23 |
|
11 |
|
||||
Acquisition of consolidated companies |
(416) |
|
(80) |
|
|||||
Proceeds from divestments |
|
53 |
|
52 |
|
||||
Other changes |
|
(26) |
|
(22) |
|
||||
Net cash from investing activities |
|
|
(979) |
|
(638) |
||||
Proceeds from borrowings |
916 |
|
1,256 |
|
|||||
Borrowings repaid |
(776) |
|
(345) |
|
|||||
Repurchase of shares |
|
– |
|
(160) |
|
||||
Dividends paid |
|
(336) |
|
(1,187) |
|
||||
Buy-out of non-controlling interests |
|
(7) |
|
– |
|
||||
Net cash from financing activities |
|
|
(203) |
|
(436) |
||||
|
|
|
|
|
|
||||
Net change in cash and cash equivalents of continued and discontinued operations |
|
|
109 |
|
(105) |
||||
|
|
|
|
|
|
||||
Net Cash and cash equivalents at January 1 |
|
1,317 |
|
1,441 |
|||||
Effect of exchange rate changes on cash and cash equivalents |
|
|
15 |
|
(58) |
||||
Net cash and cash equivalents at December 31 |
|
|
1,441 |
|
1,278 |
||||