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Consolidated statement of cash flows

Consolidated statement of cash flows

FOR THE PERIOD JAN 1 THROUGH JUN 30 / € million

H 1

2021

2022

2021

Profit/loss before taxes on income

682

–‍1,306

–‍788

Depreciation on property, plant and equipment and intangible assets

1,946

1,876

3,804

Write-ups/write-downs on non-current financial assets

–‍27

1

–‍32

Result of disposal of property, plant and equipment and intangible assets

–‍126

–‍14

123

Result of disposal of financial assets

6

0

–‍4

Result of the sale of consolidated companies

0

Interest and dividend income

–‍62

–‍34

–‍57

Interest expenses

246

268

583

Foreign currency result

–‍67

–‍11

–‍27

Result of investments accounted for using the equity method

2

4

10

Other non-cash expenses and income 1)

573

708

2,786

Changes in inventories, receivables and other assets

–‍1,648

–‍1,001

–‍2,372

Changes in liabilities, provisions and deferred items

332

–‍189

616

Cash generated from operating activities

1,857

302

4,642

Interest received

26

18

40

Received (+)/paid (–) dividends and capital distribution

6

6

–‍3

Interest paid

–‍185

–‍219

–‍524

Paid (–)/reimbursed (+) taxes on income

–‍206

–‍97

–‍255

Cash flow from operating activities

1,498

10

3,900

    

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

197

116

213

Payments for capital expenditures in property, plant and equipment and intangible assets

–‍5,165

–‍5,228

–‍14,182

Proceeds from investment grants

2,662

2,891

9,045

Payments for repaid investment grants

–‍81

–‍37

–‍43

Receipts of payment from the sale and disposal of financial assets

25

0

82

Payments for investments in financial assets

–‍164

–‍12

–‍185

Proceeds from sale of shares in consolidated companies less net cash and cash equivalents sold

0

Payments for acquisition of shares in consolidated companies less net cash and cash equivalents acquired

–‍5

–‍21

–‍45

Proceeds from disposal of investments accounted for using the equity method

0

0

0

Payments for additions of investments accounted for using the equity method

–1

–1

–1

Cash flow from investing activities

–‍2,532

–‍2,292

–‍5,116

    

Proceeds from capital injections

0

2,675

Distribution of profits to non-controlling interests and hybrid capital investors

–‍15

–‍12

–‍33

Payments for redemption of leasing liabilities

–‍526

–‍581

–‍1,164

Payments for the settlement of IFRIC 12 leasing liabilities

–‍8

–‍25

Proceeds from issue of senior bonds

2,027

2,648

4,860

Payments for redemption of senior bonds

–‍796

–‍882

–‍1,832

Payments for redemption and repayment of interest-free loans

–‍156

–‍157

–‍157

Proceeds from borrowings and commercial paper 2)

3

1,265

187

Payments for redemption of borrowings and commercial paper 2)

–‍273

–‍17

–‍2,202

Cash flow from financing activities

256

2,264

2,309

    

Net changes in cash and cash equivalents

–‍778

–‍18

1,093

Cash and cash equivalents as of Jan 1

4,591

3,411

3,411

Change in cash and cash equivalents of non-current assets for sale

–‍14

Changes in cash and cash equivalents due to changes in exchange rates

28

41

87

Cash and cash equivalents as of Jun 30/Dec 31

3,827

3,434

4,591

1) Including additions to other provisions.
2) Including changes in current bank debt between reporting dates.

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