Consolidated statement of cash flows 2022

March 7, 2023

Investor Relations

Financials

IN EUR M	Jan 1 – Dec 31, 2022	Jan 1 – Dec 31, 2021
1. Net income for the period	16.8	234.5
2. + Non-cash expenses from share-based payments	72.5	57.3
3 + Depreciation of property, plant and equipment, right-of-use assets and amortization of intangible assets	312.4	235.4
4 +/- Income taxes	22.0	119.7
5 - Income taxes paid, less refunds	-64.1	-106.3
6 +/- Increase/decrease in provisions	7.2	-0.5
7 -/+ Other non-cash income/expenses	13.8	-2.7
8 +/- Decrease/increase in inventories	-260.1	-186.3
9 +/- Decrease/increase in trade and other receivables	-169.5	-125.5
10 +/- Increase/decrease in trade payables and similar liabilities	489.9	391.7
11 +/- Increase/decrease in other assets/liabilities	19.1	-1.1
12 = Cash flow from operating activities	459.9	616.2
13 - Cash paid for investments in property, plant and equipment	-274.5	-240.4
14 - Cash paid for investments in intangible assets	-77.1	-92.5
15 - Cash paid for acquisition of shares in associated companies and subsidiaries less cash acquired	-127.0	0.0
16 +/- Cash received from /paid for investments in term deposits	0.0	-3.0
17 +/- Change in restricted cash	2.5	0.0
18 = Cash flow from investing activities	-476.2	-335.9
19 + Cash received from capital increases by the shareholders and stock option exercises less transaction costs	4.4	22.5
20 - Repurchase of treasury shares	-136.2	-200.0
21 - Cash repayments of loans and similar payments	-3.3	-377.7
22 - Cash payments for the principal portion of lease liabilities	-110.8	-84.5
23 = Cash flow from financing activities	-245.9	-639.8
24 = Net change in cash and cash equivalents from cash relevant transactions	-262.2	-359.6
25 +/- Exchange-rate related and other changes in cash and cash equivalents	-0.9	3.5
26 + Cash and cash equivalents at the beginning of the period	2,287.9	2,644.0
27 = Cash and cash equivalents as of December 31	2,024.8	2,287.9