Covestro Group Consolidated Statement of Cash Flows
|
|
|
|
|
|
|
|
|
|
|
3rd quarter 2021 |
|
3rd quarter 2022 |
|
1st nine months 2021 |
|
1st nine months 2022 |
|---|---|---|---|---|---|---|---|---|
|
|
€ million |
|
€ million |
|
€ million |
|
€ million |
Income after income taxes |
|
473 |
|
11 |
|
1,318 |
|
626 |
Income taxes |
|
161 |
|
15 |
|
432 |
|
224 |
Financial result |
|
20 |
|
40 |
|
67 |
|
112 |
Income taxes paid |
|
(133) |
|
(86) |
|
(309) |
|
(446) |
Depreciation, amortization and impairment losses and impairment loss reversals |
|
208 |
|
236 |
|
605 |
|
693 |
Change in pension provisions |
|
9 |
|
6 |
|
30 |
|
18 |
(Gains)/losses on retirements of noncurrent assets |
|
4 |
|
– |
|
(4) |
|
– |
Decrease/(increase) in inventories |
|
(245) |
|
(21) |
|
(773) |
|
(672) |
Decrease/(increase) in trade accounts receivable |
|
(52) |
|
284 |
|
(498) |
|
(51) |
(Decrease)/increase in trade accounts payable |
|
(59) |
|
(139) |
|
335 |
|
152 |
Changes in other working capital, other noncash items |
|
178 |
|
(100) |
|
342 |
|
(525) |
Cash flows from operating activities |
|
564 |
|
246 |
|
1,545 |
|
131 |
|
|
|
|
|
|
|
|
|
Cash outflows for additions to property, plant, equipment and intangible assets |
|
(183) |
|
(213) |
|
(472) |
|
(543) |
Cash inflows from sales of property, plant, equipment and other assets |
|
– |
|
2 |
|
10 |
|
5 |
Cash inflows from divestments less divested cash |
|
12 |
|
– |
|
12 |
|
6 |
Cash outflows for noncurrent financial assets |
|
(7) |
|
(3) |
|
(29) |
|
(10) |
Cash inflows from noncurrent financial assets |
|
20 |
|
1 |
|
22 |
|
2 |
Cash outflows for acquisitions less acquired cash |
|
– |
|
– |
|
(1,469) |
|
– |
Interest and dividends received |
|
10 |
|
23 |
|
27 |
|
56 |
Cash inflows from/(Cash outflows for) other current financial assets |
|
(204) |
|
(34) |
|
402 |
|
414 |
Cash flows from investing activities |
|
(352) |
|
(224) |
|
(1,497) |
|
(70) |
|
|
|
|
|
|
|
|
|
Reacquisition of treasury shares |
|
– |
|
– |
|
– |
|
(150) |
Dividend payments and withholding tax on dividends |
|
(2) |
|
– |
|
(259) |
|
(653) |
Issuances of debt |
|
(1) |
|
436 |
|
1 |
|
1,015 |
Retirements of debt |
|
(538) |
|
(441) |
|
(636) |
|
(531) |
Interest paid |
|
(27) |
|
(42) |
|
(69) |
|
(105) |
Cash outflows for the purchase of additional interests in subsidiaries |
|
– |
|
– |
|
– |
|
(4) |
Cash flows from financing activities |
|
(568) |
|
(47) |
|
(963) |
|
(428) |
|
|
|
|
|
|
|
|
|
Change in cash and cash equivalents due to business activities |
|
(356) |
|
(25) |
|
(915) |
|
(367) |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
|
856 |
|
315 |
|
1,404 |
|
649 |
Change in cash and cash equivalents due to exchange rate movements |
|
(4) |
|
2 |
|
7 |
|
10 |
Cash and cash equivalents at end of period |
|
496 |
|
292 |
|
496 |
|
292 |