Bayer Group
Consolidated Statements of Cash Flows

 

 

Q2 2016

Q2 2017

 

H1 2016

H1 2017

 

 

€ million

€ million

 

€ million

€ million

2016 figures restated

Income from continuing operations after income taxes

 

1,393

1,329

 

2,924

3,501

Income taxes

 

431

417

 

905

1,012

Financial result

 

314

405

 

629

754

Income taxes paid

 

(621)

(524)

 

(1,099)

(1,046)

Depreciation, amortization and impairments

 

814

832

 

1,853

1,562

Change in pension provisions

 

(112)

(65)

 

(211)

(119)

(Gains) losses on retirements of noncurrent assets

 

(3)

(24)

 

(5)

(81)

Decrease (increase) in inventories

 

190

(12)

 

71

(269)

Decrease (increase) in trade accounts receivable

 

170

280

 

(1,498)

(1,690)

(Decrease) increase in trade accounts payable

 

39

(290)

 

(854)

(984)

Changes in other working capital, other noncash items

 

(623)

(32)

 

(171)

502

Net cash provided by (used in) operating activities from continuing operations

 

1,992

2,316

 

2,544

3,142

Net cash provided by (used in) operating activities from discontinued operations

 

(10)

(3)

 

760

12

Net cash provided by (used in) operating activities (total)

 

1,982

2,313

 

3,304

3,154

Cash outflows for additions to property, plant, equipment and intangible assets

 

(589)

(476)

 

(952)

(891)

Cash inflows from the sale of property, plant, equipment and other assets

 

18

19

 

39

73

Cash inflows from divestitures

 

8

54

 

8

54

Cash inflows from (outflows for) noncurrent financial assets

 

(356)

(42)

 

(608)

(96)

Cash outflows for acquisitions less acquired cash

 

 

2

(158)

Interest and dividends received

 

15

43

 

37

63

Cash inflows from (outflows for) current financial assets

 

(341)

(776)

 

(233)

(1,359)

Net cash provided by (used in) investing activities (total)

 

(1,245)

(1,178)

 

(1,707)

(2,314)

Proceeds from shares of Covestro AG

 

1,045

 

2,505

Dividend payments

 

(2,120)

(2,361)

 

(2,120)

(2,361)

Issuances of debt

 

3,346

1,424

 

7,668

1,716

Retirements of debt

 

(4,296)

(410)

 

(7,709)

(1,446)

Interest paid including interest-rate swaps

 

(199)

(275)

 

(300)

(389)

Interest received from interest-rate swaps

 

34

28

 

49

37

Cash outflows for the purchase of additional interests in subsidiaries

 

 

Net cash provided by (used in) financing activities (total)

 

(3,235)

(549)

 

(2,412)

62

Change in cash and cash equivalents due to business activities (total)

 

(2,498)

586

 

(815)

902

Cash and cash equivalents at beginning of period

 

3,552

2,224

 

1,859

1,899

Change in cash and cash equivalents due to changes in scope of consolidation

 

(1)

 

(2)

Change in cash and cash equivalents due to exchange rate movements

 

2

(37)

 

13

(28)

Cash and cash equivalents at end of period

 

1,055

2,773

 

1,055

2,773