Covestro Group Consolidated Statement of Cash Flows
|
|
|
|
|
|
|
|
|
|
|
3rd quarter 2019 |
|
3rd quarter 2020 |
|
1st nine months 2019 |
|
1st nine months 2020 |
|---|---|---|---|---|---|---|---|---|
|
|
€ million |
|
€ million |
|
€ million |
|
€ million |
Income after income taxes |
|
149 |
|
180 |
|
519 |
|
148 |
Income taxes |
|
53 |
|
63 |
|
175 |
|
38 |
Financial result |
|
19 |
|
22 |
|
65 |
|
78 |
Income taxes paid |
|
(42) |
|
(13) |
|
(265) |
|
(115) |
Depreciation, amortization and impairment losses and impairment loss reversals |
|
204 |
|
191 |
|
567 |
|
571 |
Change in pension provisions |
|
(3) |
|
9 |
|
23 |
|
26 |
(Gains)/losses on retirements of noncurrent assets |
|
1 |
|
1 |
|
(16) |
|
2 |
Decrease/(increase) in inventories |
|
52 |
|
227 |
|
200 |
|
206 |
Decrease/(increase) in trade accounts receivable |
|
72 |
|
(251) |
|
55 |
|
(12) |
(Decrease)/increase in trade accounts payable |
|
(78) |
|
100 |
|
(307) |
|
(357) |
Changes in other working capital, other noncash items |
|
35 |
|
9 |
|
(270) |
|
14 |
Cash flows from operating activities |
|
462 |
|
538 |
|
746 |
|
599 |
|
|
|
|
|
|
|
|
|
Cash outflows for additions to property, plant, equipment and intangible assets |
|
(219) |
|
(177) |
|
(603) |
|
(463) |
Cash inflows from sales of property, plant, equipment and other assets |
|
– |
|
– |
|
4 |
|
– |
Cash inflows from divestments less divested cash |
|
– |
|
– |
|
– |
|
(3) |
Cash outflows for noncurrent financial assets |
|
(4) |
|
(2) |
|
(11) |
|
(11) |
Cash inflows from noncurrent financial assets |
|
1 |
|
– |
|
2 |
|
1 |
Cash outflows for acquisitions less acquired cash |
|
(3) |
|
– |
|
(11) |
|
– |
Interest and dividends received |
|
14 |
|
6 |
|
32 |
|
23 |
Cash inflows from/(outflows for) other current financial assets |
|
(2) |
|
(40) |
|
1 |
|
(552) |
Cash flows from investing activities |
|
(213) |
|
(213) |
|
(586) |
|
(1,005) |
|
|
|
|
|
|
|
|
|
Dividend payments and withholding tax on dividends |
|
(1) |
|
(219) |
|
(442) |
|
(221) |
Issuances of debt |
|
11 |
|
6 |
|
439 |
|
1,774 |
Retirements of debt |
|
(453) |
|
(431) |
|
(544) |
|
(665) |
Interest paid |
|
(25) |
|
(23) |
|
(64) |
|
(61) |
Cash flows from financing activities |
|
(468) |
|
(667) |
|
(611) |
|
827 |
|
|
|
|
|
|
|
|
|
Change in cash and cash equivalents due to business activities |
|
(219) |
|
(342) |
|
(451) |
|
421 |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
|
640 |
|
1,504 |
|
865 |
|
748 |
|
|
|
|
|
|
|
|
|
Change in cash and cash equivalents due to changes in scope of consolidation |
|
– |
|
– |
|
(1) |
|
1 |
Change in cash and cash equivalents due to exchange rate movements |
|
1 |
|
(5) |
|
9 |
|
(13) |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
|
422 |
|
1,157 |
|
422 |
|
1,157 |