Condensed consolidated statement of cash flows
Second quarter |
|
January–June |
||
2017 |
2018 |
in € millions |
2017 |
2018 |
1,050 |
1,027 |
Net cash and cash equivalents at beginning of period |
1,441 |
1,278 |
|
|
|
|
|
191 |
123 |
Profit for the period |
336 |
255 |
72 |
60 |
Amortization and depreciation |
145 |
120 |
(54) |
(222) |
Changes in working capital |
(387) |
(582) |
(16) |
(18) |
Changes in provisions |
(263) |
(203) |
5 |
72 |
Other changes |
(12) |
(31) |
198 |
15 |
Net cash from operating activities |
(181) |
(441) |
(61) |
(36) |
Capital expenditures |
(106) |
(70) |
(1) |
(4) |
Acquisitions and divestments net of cash acquired |
5 |
19 |
(2) |
35 |
Other changes |
(1) |
35 |
(64) |
(5) |
Net cash from investing activities |
(102) |
(16) |
(62) |
99 |
Changes from borrowings |
91 |
492 |
(210) |
(305) |
Dividend paid |
(211) |
(478) |
(18) |
– |
Share repurchase |
(160) |
– |
1 |
1 |
Other changes |
1 |
1 |
(289) |
(205) |
Net cash from financing activities |
(279) |
15 |
(155) |
(195) |
Net cash used for continuing operations |
(562) |
(442) |
28 |
– |
Cash flows from discontinued operations |
38 |
– |
(127) |
(195) |
Net change in cash and cash equivalents of continued and discontinued operations |
(524) |
(442) |
(46) |
5 |
Effect of exchange rate changes on cash and cash equivalents |
(40) |
1 |
877 |
837 |
Net Cash and cash equivalents at June 30 |
877 |
837 |
Cash flows and net debt
Operating activities in Q2 2018 resulted in an inflow of €15 million (2017: €198 million). This was mainly driven by higher working capital outflow compared to 2017.
Dividend paid of €305 million mainly relates to the final dividend 2017.
At June 30, 2018, net debt was €2,887 million versus €1,951 million at year-end 2017. The increase is mainly due to seasonality of the operating working capital.