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