Covestro Group Consolidated Statement of Cash Flows
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|
3rd quarter 2022 |
|
3rd quarter 2023 |
|
1st nine months 2022 |
|
1st nine months 2023 |
|---|---|---|---|---|---|---|---|---|
|
|
€ million |
|
€ million |
|
€ million |
|
€ million |
Income after income taxes |
|
11 |
|
(31) |
|
626 |
|
(13) |
Income taxes |
|
15 |
|
67 |
|
224 |
|
189 |
Financial result |
|
40 |
|
35 |
|
112 |
|
100 |
Income taxes paid |
|
(86) |
|
(130) |
|
(446) |
|
(247) |
Depreciation, amortization and impairment losses and impairment loss reversals |
|
236 |
|
206 |
|
693 |
|
672 |
Change in pension provisions |
|
6 |
|
(7) |
|
18 |
|
(24) |
(Gains)/losses on retirements of noncurrent assets |
|
– |
|
1 |
|
– |
|
(33) |
Decrease/(increase) in inventories |
|
(21) |
|
298 |
|
(672) |
|
179 |
Decrease/(increase) in trade accounts receivable |
|
284 |
|
86 |
|
(51) |
|
(15) |
(Decrease)/increase in trade accounts payable |
|
(139) |
|
(52) |
|
152 |
|
(249) |
Changes in other working capital, other noncash items |
|
(100) |
|
17 |
|
(525) |
|
61 |
Cash flows from operating activities |
|
246 |
|
490 |
|
131 |
|
620 |
|
|
|
|
|
|
|
|
|
Cash outflows for additions to property, plant, equipment and intangible assets |
|
(213) |
|
(182) |
|
(543) |
|
(461) |
Cash inflows from sales of property, plant, equipment and other assets |
|
2 |
|
– |
|
5 |
|
2 |
Cash inflows from divestments less divested cash |
|
– |
|
– |
|
6 |
|
51 |
Cash outflows for noncurrent financial assets |
|
(3) |
|
(7) |
|
(10) |
|
(15) |
Cash inflows from noncurrent financial assets |
|
1 |
|
– |
|
2 |
|
41 |
Interest and dividends received |
|
23 |
|
20 |
|
56 |
|
54 |
Cash inflows from/(Cash outflows for) other current financial assets |
|
(34) |
|
139 |
|
414 |
|
(160) |
Cash flows from investing activities |
|
(224) |
|
(30) |
|
(70) |
|
(488) |
|
|
|
|
|
|
|
|
|
Acquisition of treasury shares |
|
– |
|
– |
|
(150) |
|
(49) |
Dividend payments |
|
– |
|
– |
|
(653) |
|
(2) |
Issuances of debt |
|
436 |
|
25 |
|
1,015 |
|
327 |
Retirements of debt |
|
(441) |
|
(138) |
|
(531) |
|
(447) |
Interest paid |
|
(42) |
|
(37) |
|
(105) |
|
(105) |
Cash outflows for the purchase of additional interests in subsidiaries |
|
– |
|
– |
|
(4) |
|
– |
Cash flows from financing activities |
|
(47) |
|
(150) |
|
(428) |
|
(276) |
|
|
|
|
|
|
|
|
|
Change in cash and cash equivalents due to business activities |
|
(25) |
|
310 |
|
(367) |
|
(144) |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
|
315 |
|
741 |
|
649 |
|
1,198 |
Change in cash and cash equivalents due to exchange rate movements |
|
2 |
|
1 |
|
10 |
|
(2) |
Cash and cash equivalents at end of period |
|
292 |
|
1,052 |
|
292 |
|
1,052 |