Consolidated Statement of Cash Flows 2019

IN EUR M

Jan 1 – Dec 31, 2019

Jan 1 – Dec 31, 2018

1.         Net income for the period

99.7

51.2

2.   +    Non-cash expenses from share-based payments

46.0

43.3

3.   +    Depreciation of property, plant and equipment and amortization of intangible assets

194.8

86.5

4.   +    Income taxes

45.2

54.4

5.   −    Income taxes paid, less refunds

–96.5

–42.2

6.  + / − Increase / decrease in provisions

6.1

0.3

7.  − / + Other non-cash income / expenses

5.0

4.2

8.  + / − Decrease / increase in inventories

–278.8

–40.6

9.  + / − Decrease / increase in trade and other receivables

–67.2

–116.4

10. + / − Increase / decrease in trade payables and similar liabilities

403.6

180.6

11. + / − Increase / decrease in other assets / liabilities

–30.7

–8.5

12.   =    Cash flow from operating activities

327.2

212.8

13.   +    Proceeds from disposal of non-current assets

22.5

58.9

14.   –    Cash paid for investments in property, plant and equipment

–233.7

–226.1

15.   −    Cash paid for investments in intangible assets

–72.8

–52.3

16.   −   Cash paid for acquisitions of  shares in  associated companies and acquisition of companies and prepayments for such acquisitions

–1.7

–7.1

17. + / − Cash received / paid for investments in term deposits

–5.0

20.0

18. + / − Change in restricted cash

0.4

–0.4

19.   =    Cash flow from investing activities

–290.3

–207.0

20.   +    Cash received from capital increases by the shareholders less transaction costs

38.5

38.2

21.   −    Repurchase of treasury shares

–38.8

–110.9

22.   −    Payments for shares in other entities without change in control

–0.4

23.   −    Cash repayments of loans

–2.8

–2.8

24.   −    Cash payments for the principal portion of lease liabilities –54.2 n.a.

25.   =    Cash flow from financing activities

–57.3

–75.9

26.   =    Net change in cash and cash equivalents from cash relevant transactions

–20.4

–70.1

27. + / − Change in cash and cash equivalents due to exchange rate movements

1.9

0.3

28.   +    Cash and cash equivalents at the beginning of the period

995.0

1,064.7

29.   =    Cash and cash equivalents as of Dec 31

976.5

995.0