Covestro Group Consolidated Statement of Cash Flows
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Note |
20181 |
2019 |
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|
|
€ million |
€ million |
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Income after income taxes |
|
1,829 |
557 |
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Income taxes |
|
647 |
204 |
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Financial result |
|
104 |
91 |
||||||||
Income taxes paid |
|
(574) |
(296) |
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Depreciation, amortization, impairment losses and impairment loss reversals |
|
620 |
752 |
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Change in pension provisions |
|
26 |
49 |
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(Gains)/losses on retirements of noncurrent assets |
|
(45) |
(51) |
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Decrease/(increase) in inventories |
|
(308) |
322 |
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Decrease/(increase) in trade accounts receivable |
|
110 |
238 |
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(Decrease)/increase in trade accounts payable |
|
31 |
(149) |
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Change in other working capital, other noncash items |
|
(64) |
(334) |
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Cash flows from operating activities |
2,376 |
1,383 |
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|
|
|
|
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Cash outflows for additions to property, plant, equipment and intangible assets |
|
(707) |
(910) |
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Cash inflows from sales of property, plant, equipment and other assets |
|
23 |
6 |
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Cash inflows from divestitures |
|
66 |
51 |
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Cash outflows for noncurrent financial assets |
|
(20) |
(15) |
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Cash inflows from noncurrent financial assets |
|
1 |
2 |
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Cash outflows for acquisitions less acquired cash |
|
– |
(11) |
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Interest and dividends received |
|
32 |
40 |
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Cash inflows from/(outflows for) other current financial assets |
|
259 |
(1) |
||||||||
Cash flows from investing activities |
(346) |
(838) |
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|
|
|
|
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Reacquisition of treasury shares |
|
(1,313) |
– |
||||||||
Reissuance of treasury shares |
|
8 |
7 |
||||||||
Dividend payments and withholding tax on dividends |
|
(441) |
(442) |
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Issuances of debt |
|
64 |
444 |
||||||||
Retirements of debt2 |
|
(646) |
(591) |
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Interest paid2 |
|
(74) |
(86) |
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Cash flows from financing activities |
(2,402) |
(668) |
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|
|
|
|
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Change in cash and cash equivalents due to business activities |
|
(372) |
(123) |
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|
|
|
|
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Cash and cash equivalents at beginning of year |
|
1,232 |
865 |
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Change in cash and cash equivalents due to changes in scope of consolidation |
|
– |
(1) |
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Change in cash and cash equivalents due to exchange rate movements |
|
5 |
7 |
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|
|
|
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Cash and cash equivalents at end of year |
|
865 |
748 |