Condensed consolidated statement
of cash flows

Third quarter

 

 

 

January-September

2014

 

2015

 

in € millions

 

2014

 

2015

926

 

922

 

Cash and cash equivalents at beginning of period

 

2,020

 

1,649

 

 

 

 

 

 

 

 

 

Adjustments to reconcile earnings to cash generated from operating activities

219

 

300

 

Profit for the period from continuing operations

 

591

 

840

152

 

154

 

Amortization and depreciation

 

456

 

468

137

 

166

 

Changes in working capital

 

(336)

 

(450)

(48)

 

(74)

 

Changes in provisions

 

(402)

 

(569)

29

 

37

 

Other changes

 

21

 

79

489

 

583

 

Net cash from operating activities

 

330

 

368

(137)

 

(163)

 

Capital expenditures

 

(402)

 

(423)

6

 

10

 

Acquisitions and divestments net of cash acquired

 

6

 

122

2

 

10

 

Other changes

 

23

 

(10)

(129)

 

(143)

 

Net cash from investing activities

 

(373)

 

(311)

(277)

 

(267)

 

Changes from borrowings

 

(791)

 

(456)

(19)

 

(10)

 

Dividends

 

(196)

 

(215)

 

 

Other changes

 

9

 

(2)

(296)

 

(277)

 

Net cash from financing activities

 

(978)

 

(673)

64

 

163

 

Net cash used for continuing operations

 

(1,021)

 

(616)

(11)

 

 

Cash flows from discontinued operations

 

(25)

 

(2)

53

 

163

 

Net change in cash and cash equivalents of total operations

 

(1,046)

 

(618)

49

 

(44)

 

Effect of exchange rate changes on cash and cash equivalents

 

54

 

10

1,028

 

1,041

 

Cash and cash equivalents at September 30

 

1,028

 

1,041