Condensed consolidated statement
of cash flows

Fourth quarter

 

 

 

January - December

2013

 

2014

 

in € millions

 

2013

 

2014

2,107

 

1,028

 

Cash and cash equivalents at beginning of period

 

1,558

 

2,020

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments to reconcile earnings to cash generated from operating activities

 

 

 

 

48

 

9

 

Profit for the period from continuing operations

 

661

 

600

152

 

162

 

Amortization and depreciation

 

616

 

618

277

 

364

 

Changes in working capital

 

(13)

 

28

(41)

 

(4)

 

Changes in provisions

 

(395)

 

(406)

(127)

 

(50)

 

Other changes

 

(153)

 

(29)

309

 

481

 

Net cash from operating activities

 

716

 

811

(234)

 

(186)

 

Capital expenditures

 

(666)

 

(588)

309

 

32

 

Acquisitions and divestments net of cash acquired

 

313

 

38

(5)

 

(2)

 

Other changes

 

24

 

21

70

 

(156)

 

Net cash from investing activities

 

(329)

 

(529)

(362)

 

424

 

Changes from borrowings

 

(253)

 

(367)

(70)

 

(84)

 

Dividends

 

(286)

 

(280)

1

 

3

 

Other changes

 

13

 

12

(431)

 

343

 

Net cash from financing activities

 

(526)

 

(635)

(52)

 

668

 

Net cash from continuing operations

 

(139)

 

(353)

(17)

 

(63)

 

Cash flows used for discontinued operations

 

675

 

(88)

(69)

 

605

 

Net change in cash and cash equivalents of total operations

 

536

 

(441)

(18)

 

16

 

Effect of exchange rate changes on cash and cash equivalents

 

(74)

 

70

2,020

 

1,649

 

Cash and cash equivalents at year-end

 

2,020

 

1,649