Statement of cash flows
Summary statement of cash flows / € million | H1 | Change | ||
2024 | 2023 | absolute | % | |
Cash flow from operating activities | 946 | 1,930 | –984 | –51.0 |
Cash flow from investing activities | –2,727 | –3,085 | +358 | –11.6 |
Cash flow from financing activities | 3,614 | 696 | +2,918 | – |
Net changes in cash and cash equivalents as of Jun 30/Dec 31 | 1,942 | –2,507 | +4,449 | – |
Cash and cash equivalents as of Jun 30/Dec 31 | 4,573 | 2,631 | +1,942 | +73.8 |
- The very significant decrease in cash flow from operating activities was mainly due to weak profit development.
- The decrease in cash outflow from investing activities was mainly due to the cash inflow in connection with the sale of DB Arriva (€ +1,225 million) and lower payments for investments in financial assets (€ +147 million; in particular for the rental of rolling stock with contracting organizations under service concession agreements). This more than offset the increase in cash outflow for net capital expenditures.
- Cash inflow from financing activities increased significantly:
- The cash inflow from Government equity injections (€ +3,020 million) and the higher net cash inflow from the taking out and redemption of financial loans (€ +800 million) had a positive impact, mainly as a result of the issuance of commercial paper for short-term Group financing.
- In part, the lower net cash inflow from senior bonds (€ –914 million) had an adverse effect.
- On balance, as of June 30, 2024, cash and cash equivalents had increased significantly.