Bayer Group Consoli­dated State­ments of Cash Flows

 

 

Note

 

2016

 

2017

 

 

 

 

€ million

 

€ million

2016 figures restated

Income from continuing operations after income taxes

 

 

 

3,756

 

3,248

Income taxes

 

 

 

1,017

 

1,329

Financial result

 

 

 

965

 

1,326

Income taxes paid

 

 

 

(1,701)

 

(1,821)

Depreciation, amortization and impairments

 

 

 

3,063

 

2,660

Change in pension provisions

 

 

 

(297)

 

(227)

(Gains) losses on retirements of noncurrent assets

 

 

 

(45)

 

(133)

Decrease (increase) in inventories

 

 

 

(78)

 

(293)

Decrease (increase) in trade accounts receivable

 

 

 

(385)

 

(18)

(Decrease) increase in trade accounts payable

 

 

 

310

 

265

Changes in other working capital, other noncash items

 

 

 

(170)

 

275

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

 

 

 

6,435

 

6,611

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

 

 

 

2,654

 

1,523

Net cash provided by (used in) operating activities

 

[33]

 

9,089

 

8,134

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

 

 

 

(2,578)

 

(2,366)

Cash inflows from sales of property, plant, equipment and other assets

 

 

 

111

 

241

Cash inflows from (outflows for) divestments

 

 

 

(18)

 

453

Cash outflows for noncurrent financial assets

 

 

 

(690)

 

(313)

Cash inflows from (outflows for) acquisitions less acquired cash

 

 

 

2

 

(158)

Interest and dividends received

 

 

 

89

 

168

Cash inflows from (outflows for) current financial assets

 

 

 

(5,645)

 

1,543

Net cash provided by (used in) investing activities

 

[34]

 

(8,729)

 

(432)

Capital contributions

 

 

 

3,300

 

Proceeds from shares of Covestro AG

 

 

 

 

3,717

Dividend payments

 

 

 

(2,126)

 

(2,364)

Issuances of debt

 

 

 

15,190

 

10,369

Retirements of debt

 

 

 

(15,920)

 

(12,848)

Interest paid including interest-rate swaps

 

 

 

(853)

 

(801)

Interest received from interest-rate swaps

 

 

 

59

 

69

Cash outflows for the purchase of additional interests in subsidiaries

 

 

 

 

(23)

Net cash provided by (used in) financing activities

 

[35]

 

(350)

 

(1,881)

Change in cash and cash equivalents due to business activities

 

 

 

10

 

5,821

Cash and cash equivalents at beginning of year

 

 

 

1,859

 

1,899

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

 

 

 

3

 

Change in cash and cash equivalents due to exchange rate movements

 

 

 

27

 

(139)

Cash and cash equivalents at end of year

 

 

 

1,899

 

7,581

Compare to Last Year