Covestro Group Consolidated Statement of Cash Flows
|
|
|
|
|
|
|
|
|
|
|
2nd quarter |
|
2nd quarter |
|
1st half |
|
1st half |
|---|---|---|---|---|---|---|---|---|
|
|
€ million |
|
€ million |
|
€ million |
|
€ million |
Income after income taxes |
|
198 |
|
45 |
|
615 |
|
18 |
Income taxes |
|
65 |
|
85 |
|
209 |
|
122 |
Financial result |
|
44 |
|
36 |
|
72 |
|
65 |
Income taxes paid |
|
(262) |
|
(95) |
|
(360) |
|
(117) |
Depreciation, amortization and impairment losses and impairment loss reversals |
|
240 |
|
219 |
|
457 |
|
466 |
Change in pension provisions |
|
10 |
|
(7) |
|
12 |
|
(17) |
(Gains)/losses on retirements of noncurrent assets |
|
– |
|
(34) |
|
– |
|
(34) |
Decrease/(increase) in inventories |
|
(341) |
|
(38) |
|
(651) |
|
(119) |
Decrease/(increase) in trade accounts receivable |
|
(23) |
|
47 |
|
(335) |
|
(101) |
(Decrease)/increase in trade accounts payable |
|
296 |
|
(169) |
|
291 |
|
(197) |
Changes in other working capital, other noncash items |
|
(499) |
|
60 |
|
(425) |
|
44 |
Cash flows from operating activities |
|
(272) |
|
149 |
|
(115) |
|
130 |
|
|
|
|
|
|
|
|
|
Cash outflows for additions to property, plant, equipment and intangible assets |
|
(190) |
|
(159) |
|
(330) |
|
(279) |
Cash inflows from sales of property, plant, equipment and other assets |
|
2 |
|
1 |
|
3 |
|
2 |
Cash inflows from divestments less divested cash |
|
5 |
|
51 |
|
6 |
|
51 |
Cash outflows for noncurrent financial assets |
|
(5) |
|
(6) |
|
(7) |
|
(8) |
Cash inflows from noncurrent financial assets |
|
– |
|
41 |
|
1 |
|
41 |
Interest and dividends received |
|
19 |
|
16 |
|
33 |
|
34 |
Cash inflows from/(Cash outflows for) other current financial assets |
|
402 |
|
(123) |
|
448 |
|
(299) |
Cash flows from investing activities |
|
233 |
|
(179) |
|
154 |
|
(458) |
|
|
|
|
|
|
|
|
|
Acquisition of treasury shares |
|
(102) |
|
(49) |
|
(150) |
|
(49) |
Dividend payments |
|
(653) |
|
– |
|
(653) |
|
(2) |
Issuances of debt |
|
565 |
|
31 |
|
579 |
|
302 |
Retirements of debt |
|
(52) |
|
(121) |
|
(90) |
|
(309) |
Interest paid |
|
(34) |
|
(34) |
|
(63) |
|
(68) |
Cash outflows for the purchase of additional interests in subsidiaries |
|
– |
|
– |
|
(4) |
|
– |
Cash flows from financing activities |
|
(276) |
|
(173) |
|
(381) |
|
(126) |
|
|
|
|
|
|
|
|
|
Change in cash and cash equivalents due to business activities |
|
(315) |
|
(203) |
|
(342) |
|
(454) |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
|
623 |
|
949 |
|
649 |
|
1,198 |
Change in cash and cash equivalents due to exchange rate movements |
|
7 |
|
(5) |
|
8 |
|
(3) |
Cash and cash equivalents at end of period |
|
315 |
|
741 |
|
315 |
|
741 |