Covestro Group Consolidated Statement of Cash Flows

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3rd quarter 20181

  

3rd quarter 2019

  

1st nine months 20181

  

1st nine months 2019

 

  

€ million

  

€ million

  

€ million

  

€ million

1

Reference information was not restated; see section “Changes in Accounting as a Result of the Initial Application of IFRS 16.”

Income after income taxes

  

497

  

149

  

1,749

  

519

Income taxes

  

185

  

53

  

611

  

175

Financial result

  

25

  

19

  

80

  

65

Income taxes paid

  

(170)

  

(42)

  

(505)

  

(265)

Depreciation, amortization and impairment losses and impairment loss reversals

  

152

  

204

  

467

  

567

Change in pension provisions

  

10

  

(3)

  

18

  

23

(Gains)/losses on retirements of noncurrent assets

  

(36)

  

1

  

(35)

  

(16)

Decrease/(increase) in inventories

  

(117)

  

52

  

(314)

  

200

Decrease/(increase) in trade accounts receivable

  

61

  

72

  

(238)

  

55

(Decrease)/increase in trade accounts payable

  

113

  

(78)

  

(16)

  

(307)

Changes in other working capital, other noncash items

  

46

  

35

  

(82)

  

(270)

Cash flows from operating activities

  

766

  

462

  

1,735

  

746

 

  

 

  

 

  

 

  

 

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

  

(188)

  

(219)

  

(429)

  

(603)

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

  

1

  

–

  

1

  

4

Cash inflows from divestitures

  

66

  

–

  

66

  

–

Cash outflows for noncurrent financial assets

  

(6)

  

(4)

  

(14)

  

(11)

Cash inflows from noncurrent financial assets

  

–

  

1

  

1

  

2

Cash outflows for acquisitions less acquired cash

  

–

  

(3)

  

–

  

(11)

Interest and dividends received

  

8

  

14

  

20

  

32

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

  

62

  

(2)

  

263

  

1

Cash flows from investing activities

  

(57)

  

(213)

  

(92)

  

(586)

 

  

 

  

 

  

 

  

 

Reacquisition of treasury shares

  

(304)

  

–

  

(974)

  

–

Dividend payments and withholding tax on dividends

  

–

  

(1)

  

(440)

  

(442)

Issuances of debt

  

6

  

61

  

46

  

551

Retirements of debt

  

(19)

  

(503)

  

(608)

  

(656)

Interest paid

  

(20)

  

(25)

  

(53)

  

(64)

Cash flows from financing activities

  

(337)

  

(468)

  

(2,029)

  

(611)

 

  

 

  

 

  

 

  

 

Change in cash and cash equivalents due to business activities

  

372

  

(219)

  

(386)

  

(451)

 

  

 

  

 

  

 

  

 

Cash and cash equivalents at beginning of period

  

475

  

640

  

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

  

(1)

  

1

  

–

  

9

 

  

 

  

 

  

 

  

 

Cash and cash equivalents at end of period

  

846

  

422

  

846

  

422