Covestro Group Consolidated Statement of Cash Flows

 

 

 

 

 

 

 

 

 

Note

 

20181

 

2019

 

 

 

 

€ million

 

€ million

1

Reference information was not restated, see note 2.1 “Financial reporting standards applied for the first time in the reporting period.”

2

The figures as of December 31, 2019, include the effects from initial application of IFRS 16, see note 27.3 “Cash flows from financing activities.”

Income after income taxes

 

 

 

1,829

 

557

Income taxes

 

 

 

647

 

204

Financial result

 

 

 

104

 

91

Income taxes paid

 

 

 

(574)

 

(296)

Depreciation, amortization, impairment losses and impairment loss reversals

 

 

 

620

 

752

Change in pension provisions

 

 

 

26

 

49

(Gains)/losses on retirements of noncurrent assets

 

 

 

(45)

 

(51)

Decrease/(increase) in inventories

 

 

 

(308)

 

322

Decrease/(increase) in trade accounts receivable

 

 

 

110

 

238

(Decrease)/increase in trade accounts payable

 

 

 

31

 

(149)

Change in other working capital, other noncash items

 

 

 

(64)

 

(334)

Cash flows from operating activities

 

27.1

 

2,376

 

1,383

 

 

 

 

 

 

 

Cash outflows for additions to property, plant, equipment and intangible assets

 

 

 

(707)

 

(910)

Cash inflows from sales of property, plant, equipment and other assets

 

 

 

23

 

6

Cash inflows from divestitures

 

 

 

66

 

51

Cash outflows for noncurrent financial assets

 

 

 

(20)

 

(15)

Cash inflows from noncurrent financial assets

 

 

 

1

 

2

Cash outflows for acquisitions less acquired cash

 

 

 

 

(11)

Interest and dividends received

 

 

 

32

 

40

Cash inflows from/(outflows for) other current financial assets

 

 

 

259

 

(1)

Cash flows from investing activities

 

27.2

 

(346)

 

(838)

 

 

 

 

 

 

 

Reacquisition of treasury shares

 

 

 

(1,313)

 

Reissuance of treasury shares

 

 

 

8

 

7

Dividend payments and withholding tax on dividends

 

 

 

(441)

 

(442)

Issuances of debt

 

 

 

64

 

444

Retirements of debt2

 

 

 

(646)

 

(591)

Interest paid2

 

 

 

(74)

 

(86)

Cash flows from financing activities

 

27.3

 

(2,402)

 

(668)

 

 

 

 

 

 

 

Change in cash and cash equivalents due to business activities

 

 

 

(372)

 

(123)

 

 

 

 

 

 

 

Cash and cash equivalents at beginning of year

 

 

 

1,232

 

865

Change in cash and cash equivalents due to changes in scope of consolidation

 

 

 

 

(1)

Change in cash and cash equivalents due to exchange rate movements

 

 

 

5

 

7

 

 

 

 

 

 

 

Cash and cash equivalents at end of year

 

 

 

865

 

748