Consolidated statement of cash flows

In € millions

 

Note

 

 

 

2014

 

 

 

2015

Profit for the period

 

 

 

618

 

 

 

1,066

 

 

Income from discontinued operations

 

2

 

(18)

 

 

 

(6)

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments to reconcile earnings to cash generated from operating activities

 

 

 

 

 

 

 

 

 

 

Amortization/depreciation

 

7, 8

 

618

 

 

 

626

 

 

Impairment losses

 

7, 8

 

2

 

 

 

22

 

 

Financing income and expenses

 

5

 

156

 

 

 

114

 

 

Results from associates and joint ventures

 

9

 

(21)

 

 

 

(17)

 

 

Pre-tax result on acquisitions/divestments

 

2

 

(8)

 

 

 

(70)

 

 

Income tax

 

6

 

252

 

 

 

416

 

 

Changes in working capital

 

18

 

28

 

 

 

46

 

 

Changes in provisions

 

18

 

(406)

 

 

 

(658)

 

 

Interest paid

 

 

 

(206)

 

 

 

(151)

 

 

Income tax paid

 

6

 

(258)

 

 

 

(261)

 

 

Other changes

 

 

 

54

 

 

 

9

 

 

Net cash from operating activities

 

 

 

 

 

811

 

 

 

1,136

Capital expenditures

 

8

 

(588)

 

 

 

(651)

 

 

Interest received

 

 

 

34

 

 

 

22

 

 

Dividends from associates and joint ventures

 

9

 

11

 

 

 

11

 

 

Acquisition of consolidated companies

 

2

 

(13)

 

 

 

(9)

 

 

Proceeds from divestments

 

2

 

51

 

 

 

160

 

 

Other changes

 

 

 

(24)

 

 

 

(41)

 

 

Net cash from investing activities

 

 

 

 

 

(529)

 

 

 

(508)

Proceeds from borrowings

 

16

 

980

 

 

 

829

 

 

Borrowings repaid

 

16

 

(1,347)

 

 

 

(1,518)

 

 

Issue of shares for stock option plan

 

13

 

12

 

 

 

 

 

Dividends

 

 

 

(280)

 

 

 

(281)

 

 

Buy-out of non-controlling interests

 

 

 

 

 

 

(2)

 

 

Net cash from financing activities

 

 

 

 

 

(635)

 

 

 

(972)

 

 

 

 

 

 

 

 

 

 

 

Net cash used for continuing operations

 

 

 

 

 

(353)

 

 

 

(344)

Cash flows from discontinued operations

 

2

 

 

 

(88)

 

 

 

(6)

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

 

 

 

 

 

(441)

 

 

 

(350)

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents at January 1

 

16

 

 

 

2,020

 

 

 

1,649

Effect of exchange rate changes on cash and cash equivalents

 

 

 

 

 

70

 

 

 

18

Cash and cash equivalents

 

 

 

 

 

1,649

 

 

 

1,317