Cash and cash equivalents increased significantly
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
- Above all, the omission of the one-off effect from the payment due to the Disposal Fund Act in the first half of 2017 was decisive for the significant increase in cash flow from operating activities.
- The cash outflow from investing activities also rose significantly. This was essentially the result of higher payments for net capital expenditures (€+446 million), in connection with ICE 4 trains, among other things. This was partly offset, among other things, by the decline in cash outflows for the acquisition of shares in companies (€–24 million), mainly due to the acquisition of shares in uShip at DB Schenker in the first half of 2017. In addition, cash inflow from the disposal of assets (€+33 million) increased, among other things, as a result of real estate sales at DB Netze Track.
- Cash flow from financing activities increased markedly. This development was mainly driven by higher cash inflows from the issue of commercial paper (€+1,139 million).
Lower cash outflows for the repayments of interest-free loans (€–206 million) as well as the dividend reduction implemented within the scope of the capital measures put in place by the Federal Government had a supporting effect.
- As of June 30, 2018, DB Group held a higher amount of cash and cash equivalents compared to the end of the previous year.