Consolidated statement of cash flows
In € millions, for the year ended December 31 |
Note |
|
2020 |
|
2021 |
||
|---|---|---|---|---|---|---|---|
Profit for the period from continuing operations |
|
678 |
|
859 |
|
||
|
|
|
|
|
|
||
Adjustments to reconcile profit for the period to net cash generated from operating activities |
|
|
|
|
|
||
Amortization and depreciation |
361 |
|
351 |
|
|||
Impairment losses |
10 |
|
3 |
|
|||
Financing income and expenses |
69 |
|
39 |
|
|||
Results from associates and joint ventures |
(25) |
|
(26) |
|
|||
Pre-tax result on acquisitions and divestments |
(27) |
|
(14) |
|
|||
Income tax |
241 |
|
246 |
|
|||
Changes in working capital |
184 |
|
(405) |
|
|||
Pension pre-funding |
— |
|
23 |
|
|||
Changes in post-retirement benefit provisions |
(46) |
|
(55) |
|
|||
Changes in other provisions |
(22) |
|
(94) |
|
|||
Interest paid |
|
(47) |
|
(77) |
|
||
Income tax paid |
|
(165) |
|
(222) |
|
||
Other changes |
|
9 |
|
(23) |
|
||
Net cash generated from / (used for) operating activities |
|
|
1,220 |
|
605 |
||
Capital expenditures* |
(258) |
|
(288) |
|
|||
Interest received |
|
8 |
|
10 |
|
||
Dividends from associates and joint ventures |
|
17 |
|
5 |
|
||
Acquisition of consolidated companies |
(113) |
|
(73) |
|
|||
Investments in short-term investments |
(248) |
|
(56) |
|
|||
Repayments of short-term investments |
136 |
|
247 |
|
|||
Proceeds from divestments |
|
31 |
|
22 |
|
||
Other changes |
|
— |
|
(1) |
|
||
Net cash generated from / (used for) investing activities |
|
|
(427) |
|
(134) |
||
Proceeds from borrowings |
970 |
|
1,143 |
|
|||
Borrowings repaid |
(339) |
|
(590) |
|
|||
Share buyback |
(555) |
|
(1,135) |
|
|||
Dividends paid |
(385) |
|
(391) |
|
|||
Buy-out of non-controlling interests |
(44) |
|
(1) |
|
|||
Net cash generated from / (used for) financing activities |
|
|
(353) |
|
(974) |
||
Net cash generated from / (used for) continuing operations |
|
|
440 |
|
(503) |
||
Net cash generated from / (used for) discontinued operations |
|
|
(3) |
|
(1) |
||
Net change in cash and cash equivalents from continued and discontinued operations |
|
|
437 |
|
(504) |
||
Net cash and cash equivalents at January 1 |
|
1,210 |
|
1,581 |
|||
|
|
|
|
|
|
||
Effect of exchange rate changes on cash and cash equivalents |
|
|
(66) |
|
35 |
||
Net cash and cash equivalents at December 31 |
|
|
1,581 |
|
1,112 |
||
|
|||||||