Consolidated statement of cash flows
In € millions, for the year ended December 31 |
Note |
|
2021 |
|
2022 |
||
|---|---|---|---|---|---|---|---|
Profit for the period from continuing operations |
|
859 |
|
388 |
|
||
|
|
|
|
|
|
||
Adjustments to reconcile profit for the period to net cash generated from operating activities |
|
|
|
|
|
||
Amortization and depreciation |
351 |
|
368 |
|
|||
Impairment losses |
3 |
|
6 |
|
|||
Financing income and expenses |
39 |
|
124 |
|
|||
Results from associates and joint ventures |
(26) |
|
(18) |
|
|||
Pre-tax result on acquisitions and divestments |
(14) |
|
(21) |
|
|||
Income tax |
246 |
|
214 |
|
|||
Changes in working capital |
(405) |
|
(509) |
|
|||
Pension pre-funding |
23 |
|
47 |
|
|||
Changes in post-retirement benefit provisions |
(55) |
|
(31) |
|
|||
Changes in other provisions |
(94) |
|
(33) |
|
|||
Interest paid |
|
(77) |
|
(78) |
|
||
Income tax paid |
|
(222) |
|
(224) |
|
||
Other changes |
|
(23) |
|
30 |
|
||
Net cash generated from / (used for) operating activities |
|
|
605 |
|
263 |
||
Capital expenditures* |
(288) |
|
(292) |
|
|||
Interest received |
|
10 |
|
14 |
|
||
Dividends from associates and joint ventures |
|
5 |
|
14 |
|
||
Acquisition of consolidated companies, net of cash acquired |
(73) |
|
(588) |
|
|||
Investments in short-term investments |
(56) |
|
(1,361) |
|
|||
Repayments of short-term investments |
247 |
|
1,084 |
|
|||
Proceeds from divestments, net of cash divested |
|
22 |
|
36 |
|
||
Other changes |
|
(1) |
|
(2) |
|
||
Net cash generated from / (used for) investing activities |
|
|
(134) |
|
(1,095) |
||
Proceeds from borrowings |
1,143 |
|
9,511 |
|
|||
Borrowings repaid |
(590) |
|
(7,322) |
|
|||
Share buyback |
(1,135) |
|
(669) |
|
|||
Dividends paid |
(391) |
|
(379) |
|
|||
Buy-out of non-controlling interests |
(1) |
|
— |
|
|||
Net cash generated from / (used for) financing activities |
|
|
(974) |
|
1,141 |
||
Net cash generated from / (used for) continuing operations |
|
|
(503) |
|
309 |
||
Net cash generated from / (used for) discontinued operations |
|
|
(1) |
|
(9) |
||
Net change in cash and cash equivalents from continued and discontinued operations |
|
|
(504) |
|
300 |
||
Net cash and cash equivalents at January 1 |
|
1,581 |
|
1,112 |
|||
Effect of exchange rate changes on cash and cash equivalents |
|
|
35 |
|
(14) |
||
Net cash and cash equivalents at December 31 |
|
|
1,112 |
|
1,398 |
||
|
|||||||