Condensed consolidated statement
of cash flows

First quarter

 

 

 

 

in € millions

 

2014

 

2015

Cash and cash equivalents at beginning of period

 

2,020

 

1,649

 

 

 

 

 

Adjustments to reconcile earnings to cash generated from operating activities

 

 

 

 

Profit for the period from continuing operations

 

142

 

181

Amortization and depreciation

 

148

 

156

Changes in working capital

 

(471)

 

(576)

Changes in provisions

 

(294)

 

(410)

Other changes

 

(77)

 

27

Net cash used for operating activities

 

(552)

 

(622)

Capital expenditures

 

(115)

 

(123)

Acquisitions and divestments net of cash acquired

 

 

(2)

Other changes

 

18

 

(6)

Net cash used for investing activities

 

(97)

 

(131)

Changes from borrowings

 

(492)

 

(14)

Dividends

 

(2)

 

(21)

Other changes

 

9

 

Net cash used for financing activities

 

(485)

 

(35)

Net cash used for continuing operations

 

(1,134)

 

(788)

Cash flows from discontinued operations

 

(3)

 

(1)

Net change in cash and cash equivalents of total operations

 

(1,137)

 

(789)

Effect of exchange rate changes on cash and cash equivalents

 

(4)

 

87

Cash and cash equivalents at March 31

 

879

 

947