Cash Flow Statement

Net income

438.3

422.2

Write-downs and impairments/write-ups of noncurrent assets

407.3

351.9

Change in provisions

59.6

69.1

Change in deferred taxes

3.2

17.1

Other non-cash expenses and income

8.8

15.3

Result from disposal of noncurrent assets

–13.0

–0.3

Result from equity accounting and joint venture dividends

36.2

9.7

Change in inventories

–71.5

–3.7

Change in trade receivables

25.7

–4.0

Change in other assets

–108.1

–23.1

Change in other liabilities

21.8

55.1

Change in advance payments made and received

197.7

413.2

Cash flow from operating activity (gross cash flow)

21

1,005.4

1,322.5

Investment in intangible assets, property, plant, and equipment as well as investment property

–747.1
 

–562.5
 

Investment in financial assets

–30.8

–120.4

Payments for loans at joint ventures

–60.3

–

Proceeds from the disposal of intangible assets, property, plant, and equipment

22.3
 

3.7
 

Proceeds from the disposal of associates/financial assets

3.4

0.4

Cash outflows for acquisitions

–171.2

–

Cash flow from noncurrent investment activity

–983.7

–678.8

Acquisition of current securities

–101.1

–

Cash flow from investment activity

21

–1,084.8

–678.8

Dividends paid

–149.1

–124.2

Capital contributions from minority interests

2.4

–

Dividends paid to minority interests

–0.3

–0.3

Withdrawal of limited partnership capital

–

–13.9

Bank loans raised

73.6

19.6

Bank loans repaid

–20.0

–189.1

Other financial liabilities incurred

21.9

6.0

Other financial liabilities repaid

–16.2

–17.0

Cash flow from financing activity

21

–87.7

–318.9

Change due to exchange rate fluctuations

4.8

–1.2

Change in cash and cash equivalents

11

–162.3

323.6

At beginning of year

366.5

42.9

At year-end

204.2

366.5

Additional Information

Cash flow from operating activity (gross cash flow)

1,005.4

1,322.5

Cash flow from noncurrent investment activity

–983.7

–678.8

Net cash flow

21.7

643.7