Statement of cash flows
SUMMARY STATEMENT OF CASH FLOWS
Cash flow from operating activities
Cash flow from investing activities
Cash flow from financing activities
Net change in cash and cash equivalents
Cash and cash equivalents
- The very significant increase in cash flow from operating activities was mainly due to the improved profit development. Negative working capital effects had a partially offsetting effect.
- The slight increase in cash outflow from investing activities resulted mainly from higher net capital expenditures. Increased cash outflows for investments in financial assets, in particular for the leasing of rail vehicles from contracting organizations under service concession agreements, had a supporting effect. In contrast, higher proceeds from the sale and disposal of property, plant and equipment (including real estate at DB Netze Track, among others) had a partially compensating effect.
- Cash inflow from financing activities decreased significantly:
- The lower borrowing out of financial loans essentially led to a net outflow of funds (€ –270 million; in the first half of 2021: net inflow of € 1,248 million). This was due in particular to the issuance of commercial paper for short-term Group financing in the first half of 2021. In addition, the decline in net inflow of funds from senior bonds (€ –535 million) reduced the inflow.
- This was partly counteracted by the decline in cash outflow for lease repayments (€ +55 million).
- On balance, as of June 30, 2022, cash and cash equivalents were down compared to the end of the previous year.