Topics filter

Results

Consolidated Statement of Cash Flows for 2021

Consolidated Statement of Cash Flows

In EUR mn

 

 

 

 

Note

2021

2020

Net income for the year

 

2,804

1,478

Depreciation, amortization, impairments and write ups

7

3,935

3,197

Deferred taxes

12

10

(846)

Current taxes

12

2,056

244

Income taxes paid

 

(1,135)

(402)

Tax refunds

 

24

45

Losses/(gains) from disposal of non-current assets and businesses

6, 9

(267)

(12)

Income from equity-accounted investments and other dividend income

6, 18, 31

(619)

(57)

Dividends received from equity-accounted investments and other companies

16, 35

2,007

228

Interest expense

11, 31

175

168

Interest paid

 

(207)

(164)

Interest income

11, 31

(156)

(160)

Interest received

 

78

53

Increase/(decrease) in personnel provisions

23

(13)

(60)

Increase/(decrease) in provisions

23

(16)

21

Other changes

26

221

(948)

Cash flow from operating activities excluding net working capital effects

 

8,897

2,786

Decrease/(increase) in inventories

17

(1,084)

288

Decrease/(increase) in receivables

18, 19

(1,932)

145

Increase/(decrease) in liabilities

24

1,136

(82)

Changes in net working capital components

 

(1,881)

351

Cash flow from operating activities

 

7,017

3,137

Investments

 

 

 

Intangible assets and property, plant and equipment

14, 15

(2,497)

(1,960)

Investments, loans and other financial assets

18

(382)

(194)

Acquisitions of subsidiaries and businesses net of cash acquired

3

(3,880)

Disposals

 

 

 

Proceeds in relation to non-current assets

 

397

72

Proceeds from the sale of subsidiaries and businesses, net of cash disposed

 

661

15

Cash flow from investing activities

 

(1,820)

(5,948)

Increase in long-term borrowings

26

250

3,338

Repayments of long-term borrowings

26

(2,287)

(797)

Increase/(decrease) in short-term borrowings

26

61

(96)

Decrease in non-controlling interest

 

(4)

Dividends paid to stockholders of the parent (incl. hybrid coupons)

21

(733)

(673)

Dividends paid to non-controlling interests

22

(265)

(206)

Increase hybrid bond

21

1,241

Cash flow from financing activities

 

(2,977)

2,808

Effect of foreign exchange rate changes on cash and cash equivalents

 

(25)

(66)

Net increase/(decrease) in cash and cash equivalents

 

2,195

(69)

Cash and cash equivalents at beginning of year

26

2,869

2,938

Cash and cash equivalents at end of year

26

5,064

2,869

Thereof cash disclosed within Assets held for sale

 

14

15

Cash and cash equivalents presented in the consolidated statement of financial position

26

5,050

2,854