Covestro Group Consolidated Statement of Cash Flows
|
|
|
|
|
||||
|
|
1st quarter 2020 |
|
1st quarter 2021 |
||||
|---|---|---|---|---|---|---|---|---|
|
|
€ million |
|
€ million |
||||
Income after income taxes |
|
21 |
|
395 |
||||
Income taxes |
|
7 |
|
132 |
||||
Financial result |
|
39 |
|
29 |
||||
Income taxes paid |
|
(90) |
|
(50) |
||||
Depreciation, amortization and impairment losses and impairment loss reversals |
|
187 |
|
187 |
||||
Change in pension provisions |
|
11 |
|
9 |
||||
(Gains)/losses on retirements of noncurrent assets |
|
2 |
|
– |
||||
Decrease/(increase) in inventories |
|
(115) |
|
(230) |
||||
Decrease/(increase) in trade accounts receivable |
|
(69) |
|
(255) |
||||
(Decrease)/increase in trade accounts payable1 |
|
(58) |
|
139 |
||||
Changes in other working capital, other noncash items1 |
|
(45) |
|
72 |
||||
Cash flows from operating activities |
|
(110) |
|
428 |
||||
|
|
|
|
|
||||
Cash outflows for additions to property, plant, equipment and intangible assets |
|
(139) |
|
(110) |
||||
Cash inflows from divestments less divested cash |
|
(3) |
|
– |
||||
Cash outflows for noncurrent financial assets |
|
(7) |
|
– |
||||
Interest and dividends received |
|
10 |
|
6 |
||||
Cash inflows from/(outflows for) other current financial assets |
|
7 |
|
431 |
||||
Cash flows from investing activities |
|
(132) |
|
327 |
||||
|
|
|
|
|
||||
Issuances of debt |
|
757 |
|
1 |
||||
Retirements of debt |
|
(36) |
|
(35) |
||||
Interest paid |
|
(22) |
|
(20) |
||||
Cash flows from financing activities |
|
699 |
|
(54) |
||||
|
|
|
|
|
||||
Change in cash and cash equivalents due to business activities |
|
457 |
|
701 |
||||
|
|
|
|
|
||||
Cash and cash equivalents at beginning of period |
|
748 |
|
1,404 |
||||
|
|
|
|
|
||||
Change in cash and cash equivalents due to changes in scope of consolidation |
|
1 |
|
0 |
||||
Change in cash and cash equivalents due to exchange rate movements |
|
(6) |
|
1 |
||||
|
|
|
|
|
||||
Cash and cash equivalents at end of period |
|
1,200 |
|
2,106 |
||||
|
||||||||