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