Covestro Group Consolidated Statement of Cash Flows
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Note |
|
2020 |
|
2021 |
|---|---|---|---|---|---|---|
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|
|
|
€ million |
|
€ million |
Income after income taxes |
|
|
|
454 |
|
1,619 |
Income taxes |
|
|
|
151 |
|
566 |
Financial result |
|
|
|
91 |
|
77 |
Income taxes paid |
|
|
|
(155) |
|
(546) |
Depreciation, amortization, impairment losses and impairment loss reversals |
|
|
|
776 |
|
823 |
Change in pension provisions |
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|
|
25 |
|
31 |
(Gains)/losses on retirements of noncurrent assets |
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|
|
8 |
|
(3) |
Decrease/(increase) in inventories |
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|
|
160 |
|
(987) |
Decrease/(increase) in trade accounts receivable |
|
|
|
(106) |
|
(462) |
(Decrease)/increase in trade accounts payable |
|
|
|
(154) |
|
722 |
Change in other working capital/other noncash items |
|
|
|
(16) |
|
353 |
Cash flows from operating activities |
|
|
1,234 |
|
2,193 |
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|
|
|
|
|
|
|
Cash outflows for additions to property, plant, equipment and intangible assets |
|
|
|
(704) |
|
(764) |
Cash inflows from sales of property, plant, equipment and other assets |
|
|
|
6 |
|
11 |
Cash inflows from divestments less divested cash |
|
|
|
(3) |
|
12 |
Cash outflows for noncurrent financial assets |
|
|
|
(16) |
|
(34) |
Cash inflows from noncurrent financial assets |
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|
|
7 |
|
25 |
Cash outflows for acquisitions less acquired cash |
|
|
|
– |
|
(1,469) |
Interest and dividends received |
|
|
|
30 |
|
36 |
Cash outflows for other current financial assets/ Cash inflows from other current financial assets |
|
|
|
(1,089) |
|
188 |
Cash flows from investing activities |
|
|
(1,769) |
|
(1,995) |
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|
|
|
|
|
|
|
Capital contributions |
|
|
|
444 |
|
– |
Reissuance of treasury shares |
|
|
|
4 |
|
2 |
Dividend payments and withholding tax on dividends |
|
|
|
(221) |
|
(262) |
Issuances of debt |
|
|
|
1,775 |
|
51 |
Retirements of debt |
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|
|
(719) |
|
(675) |
Interest paid |
|
|
|
(79) |
|
(81) |
Cash flows from financing activities |
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|
1,204 |
|
(965) |
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|
|
|
|
|
|
|
Change in cash and cash equivalents due to business activities |
|
|
|
669 |
|
(767) |
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of year |
|
|
|
748 |
|
1,404 |
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 |
|
|
|
(14) |
|
12 |
|
|
|
|
|
|
|
Cash and cash equivalents at end of year |
|
|
|
1,404 |
|
649 |