Consolidated statement of cash flows

In € millions

 

Note

 

 

 

2013

 

 

 

2014

Profit for the period

 

 

 

792

 

 

 

618

 

 

Income from discontinued operations

 

2

 

(131)

 

 

 

(18)

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments to reconcile earnings to cash generated from operating activities

 

 

 

 

 

 

 

 

 

 

Amortization/depreciation

 

7, 8

 

616

 

 

 

618

 

 

Impairment losses

 

7, 8

 

139

 

 

 

2

 

 

Financing income and expenses

 

5

 

200

 

 

 

156

 

 

Results from associates and joint ventures

 

9

 

(14)

 

 

 

(21)

 

 

Pre-tax result on divestments

 

2

 

(246)

 

 

 

(8)

 

 

Income tax

 

6

 

111

 

 

 

252

 

 

Changes in working capital

 

13

 

(13)

 

 

 

28

 

 

Changes in provisions

 

13

 

(395)

 

 

 

(406)

 

 

Interest paid

 

 

 

(228)

 

 

 

(206)

 

 

Income tax paid

 

6

 

(230)

 

 

 

(258)

 

 

Other

 

 

 

115

 

 

 

54

 

 

Net cash from operating activities

 

 

 

 

 

716

 

 

 

811

Capital expenditures

 

8

 

(666)

 

 

 

(588)

 

 

Interest received

 

 

 

38

 

 

 

34

 

 

Dividends from associates and joint ventures

 

9

 

10

 

 

 

11

 

 

Acquisition of consolidated companies

 

2

 

(34)

 

 

 

(13)

 

 

Proceeds from divestments

 

2

 

347

 

 

 

51

 

 

Other changes

 

 

 

(24)

 

 

 

(24)

 

 

Net cash from investing activities

 

 

 

 

 

(329)

 

 

 

(529)

Proceeds from borrowings

 

17, 18

 

249

 

 

 

980

 

 

Borrowings repaid

 

18

 

(502)

 

 

 

(1,347)

 

 

Issue of shares for stock option plan

 

4, 14

 

13

 

 

 

12

 

 

Dividends

 

 

 

(286)

 

 

 

(280)

 

 

Net cash from financing activities

 

 

 

 

 

(526)

 

 

 

(635)

 

 

 

 

 

 

 

 

 

 

 

Net cash used for continuing operations

 

 

 

 

 

(139)

 

 

 

(353)

Cash flows from discontinued operations

 

2

 

 

 

675

 

 

 

(88)

Net change in cash and cash equivalents of continued and discontinued operations

 

 

 

 

 

536

 

 

 

(441)

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents at January 1

 

13

 

 

 

1,558

 

 

 

2,020

Effect of exchange rate changes on cash and cash equivalents

 

 

 

 

 

(74)

 

 

 

70

Cash and cash equivalents

 

 

 

 

 

2,020

 

 

 

1,649