Consolidated statement of cash flows 2018

Investor Relations

Financials

IN EUR M	Jan 1 – Dec 31, 2018	Jan 1 – Dec 31, 2017
1. Net income for the period	51.2	101.6
2. + Non-cash expenses from share-based payments	43.3	27.5
3. + Depreciation of property, plant and equipment and amortization of intangible assets	86.5	58.7
4. + / − Income taxes	54.4	73.6
5. − Income taxes paid, less refunds	–42.2	–49.4
6. + / − Increase / decrease in provisions	0.3	–1.5
7. − / + Other non-cash income / expenses	4.2	6.5
8. + / − Decrease / increase in inventories	–40.6	–189.4
9. + / − Decrease / increase in trade and other receivables	–116.4	–61.6
10. + / − Increase / decrease in trade payables and similar liabilities	180.6	198.4
11. + / − Increase / decrease in other assets / liabilities	–8.5	29.2
12. = Cash flow from operating activities	212.8	193.7
13. + Proceeds from disposal of non-current assets	58.9	0.0
14. – Cash paid for investments in property, plant and equipment	–226.1	–189.1
15. − Cash paid for investments in intangible assets	–52.3	–54.8
16. − Cash paid for acquisitions of shares in associated companies and acquisition of companies and prepayments for such acquisitions	–7.1	–34.9
17. + / − Cash received / paid for investments in term deposits	20.0	180.0
18. + / − Change in restricted cash	–0.4	10.4
19. = Cash flow from investing activities	–207.0	–88.3
20. + Cash received from capital increases by the shareholders less transaction costs	38.2	3.9
21. − Repurchase of treasury shares	–110.9	–6.7
22. − Payments for shares in other entities without change in control	–0.4	–4.6
23. − Cash repayments of loans	–2.8	–3.2
24. = Cash flow from financing activities	–75.9	–10.6
25. = Net change in cash and cash equivalents from cash relevant transactions	–70.1	94.8
26. + / − Change in cash and cash equivalents due to exchange rate movements	0.3	–1.9
27. + Cash and cash equivalents at the beginning of the period	1,064.7*	972.6
28. = Cash and cash equivalents as of Dec 31	995.0	1,065.5

*) Cash and cash equivalents at the beginning of the period include the effect from the initial application of IFRS 9 of EUR -0.8m. See section 3.5.3 New Accounting Standards in the Notes to the Consolidated Financial Statements in the 2018 annual report for details.