Consolidated Statement of Cash Flows 2020

IN EUR M

Jan 1 – Dec 31, 2020

Jan 1 – Dec 31, 2019

1.         Net income for the period

226.1 99.7

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

53.8 46.0
3.   -    Cash paid for settlement of claims from share-based payments –3.5

4.   +    Depreciation of property, plant and equipment, right-of-use assets and amortization of intangible assets

214.5 194.8

5.   +    Income taxes

92.4 45.2

6.   −    Income taxes paid, less refunds

–116.7 –96.5

7.  + / − Increase / decrease in provisions

–2.1 6.1

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

4.3 5.0

9.  + / − Decrease / increase in inventories

–262.9 –278.8

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

–139.6 –67.2

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

329.2 403.6

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

132.1 –30.7

13.   =    Cash flow from operating activities

527.4

327.2

14.   +    Proceeds from disposal of property, plant and equipment, intangible assets and financial assets

32.7 22.5
15.   +    Payments received from the sale of shares in associated and other companies 6.0

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

–177.6 –233.7

17.   −    Cash paid for investments in intangible assets

–72.5 –72.8

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

–31.5 –1.7

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

25.0 –5.0

20. + / − Change in restricted cash

0.4

21.   =    Cash flow from investing activities

–217.8

–290.3

22.   +    Cash received from capital increases by the shareholders and stockoption exercises less transaction costs

55.1 38.5

23.   −    Repurchase of treasury shares

–38.8
24.   −    Cash repayments of loans –2.8 –2.8

25.   +    Cash received from loans

375.0
26.   +    Cash received from the issue of convertible bonds less transaction costs 994.0
27.   −    Cash payments for the principal portion of lease liabilities –67.2 –54.2

28.   =    Cash flow from financing activities

1,354.1

–57.3

29.   =    Net change in cash and cash equivalents from cash-relevant transactions

1,663.6 –20.4

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

3.9 1.9

31.   +    Cash and cash equivalents at the beginning of the year

976.5 995.0

32.   =    Cash and cash equivalents as of Dec 31

2,644.0

976.5