Covestro Group Consolidated Statement of Cash Flows
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3rd quarter 2020 |
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3rd quarter 2021 |
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1st nine months 2020 |
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1st nine months 2021 |
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€ million |
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€ million |
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€ million |
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€ million |
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Income after income taxes |
|
180 |
|
473 |
|
148 |
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1,318 |
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Income taxes |
|
63 |
|
161 |
|
38 |
|
432 |
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Financial result |
|
22 |
|
20 |
|
78 |
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67 |
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Income taxes paid |
|
(13) |
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(133) |
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(115) |
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(309) |
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Depreciation, amortization and impairment losses and impairment loss reversals |
|
191 |
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208 |
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571 |
|
605 |
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Change in pension provisions |
|
9 |
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9 |
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26 |
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30 |
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(Gains)/losses on retirements of noncurrent assets |
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1 |
|
4 |
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2 |
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(4) |
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Decrease/(increase) in inventories |
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227 |
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(245) |
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206 |
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(773) |
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Decrease/(increase) in trade accounts receivable |
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(251) |
|
(52) |
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(12) |
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(498) |
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(Decrease)/increase in trade accounts payable1 |
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92 |
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(59) |
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(313) |
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335 |
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Changes in other working capital, other noncash items1 |
|
17 |
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178 |
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(30) |
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342 |
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Cash flows from operating activities |
|
538 |
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564 |
|
599 |
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1,545 |
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Cash outflows for additions to property, plant, equipment and intangible assets |
|
(177) |
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(183) |
|
(463) |
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(472) |
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Cash inflows from sales of property, plant, equipment and other assets |
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– |
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– |
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– |
|
10 |
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Cash inflows from divestments less divested cash |
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– |
|
12 |
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(3) |
|
12 |
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Cash outflows for noncurrent financial assets |
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(2) |
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(7) |
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(11) |
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(29) |
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Cash inflows from noncurrent financial assets |
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– |
|
20 |
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1 |
|
22 |
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Cash outflows for acquisitions less acquired cash |
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– |
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– |
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– |
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(1,469) |
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Interest and dividends received |
|
6 |
|
10 |
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23 |
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27 |
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Cash inflows from other current financial assets/cash outflows for other current financial assets |
|
(40) |
|
(204) |
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(552) |
|
402 |
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Cash flows from investing activities |
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(213) |
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(352) |
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(1,005) |
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(1,497) |
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Dividend payments and withholding tax on dividends |
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(219) |
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(2) |
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(221) |
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(259) |
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Issuances of debt |
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6 |
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(1) |
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1,774 |
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1 |
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Retirements of debt |
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(431) |
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(538) |
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(665) |
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(636) |
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Interest paid |
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(23) |
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(27) |
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(61) |
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(69) |
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Cash flows from financing activities |
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(667) |
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(568) |
|
827 |
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(963) |
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Change in cash and cash equivalents due to business activities |
|
(342) |
|
(356) |
|
421 |
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(915) |
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Cash and cash equivalents at beginning of period |
|
1,504 |
|
856 |
|
748 |
|
1,404 |
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|
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Change in cash and cash equivalents due to changes in scope of consolidation |
|
– |
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– |
|
1 |
|
– |
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Change in cash and cash equivalents due to exchange rate movements |
|
(5) |
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(4) |
|
(13) |
|
7 |
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Cash and cash equivalents at end of period |
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1,157 |
|
496 |
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1,157 |
|
496 |
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