Cash Flow Statement

for the Financial Year from 1 January to 31 December 2018
in million €20182017
Results from continuing operations429.8341.8
Financial result14.616.6
Income tax expense153.7133.0
Depreciation/amortisation and retroactive capitalisations on intangible assets, property, plant and equipment and financial assets1,244.01,102.5
Decrease in provisions-243.6-92.8
Losses on the disposal of intangible assets, property, plant and equipment and financial assets19.88.1
Other non-cash expenses16.2-11.4
Increase in inventories, trade receivables and other assets not attributable to investing or financing activities-612.9-211.2
Increase in trade payables and other liabilities not attributable to investing or financing activities658.6204.3
Income taxes paid-202.7-184.8
Dividends received40.441.0
Sub-total1,517.91,347.1
Interest received19.316.3
Interest paid-51.1-63.2
Cash flows from operating activities, continuing operations1,486.11,300.2
Cash flows from operating activities, discontinued operations0.0-10.2
Proceeds from disposals of intangible assets, property, plant and equipment and investment properties81.478.8
Proceeds from disposals of financial assets and companies accounted for using the equity method203.0359.0
Payments for/proceeds from the disposal of shares in consolidated companies-0.80.0
Purchase of intangible assets, property, plant and equipment and investment properties-1,793.7-1,856.3
Purchase of financial assets and companies accounted for using the equity method-271.3-429.0
Excess proceeds from business combinations and the acquisition of shares in consolidated companies20.80.8
Payments for business combinations and the acquisition of shares in consolidated companies-25.7-56.8
Cash flows from investing activities, continuing operations-1,786.3-1,903.5
Cash flows from investing activities, discontinued operations0.073.8
Paid dividends and other interests-41.8-8.4
Proceeds from equity contributions3.60.0
Payments from changes in non-controlling interests-45.5-6.0
Cash proceeds from borrowings1,595.8825.6
Cash repayments of borrowings-1,160.7-144.6
Cash payments of finance lease liabilities-66.9-46.9
Cash flows from financing activities, continuing operations284.5619.7
Cash flows from financing activities, discontinued operations0.0-0.1
Change of affecting payment in cash funds-15.779.9
Change in cash funds related to changes in the scope of consolidation0.40.0
Currency translation differences-1.5-4.1
Total change in cash funds-16.875.8
Cash funds at beginning of the period651.6575.8
Cash funds at end of the period634.8651.6
Cash funds at the end of the period, discontinued operations0.00.0
Cash funds at the end of the period, continuing operations634.8651.6