Consolidated statement of cash flows
millions of € |
|
|
|
|
||
|---|---|---|---|---|---|---|
|
Note |
2021 |
2020 |
2019 |
||
Profit (loss) before income taxes |
7,918 |
8,677 |
7,260 |
|||
Depreciation, amortization and impairment losses |
|
27,482 |
25,829 |
17,663 |
||
(Profit) loss from financial activities |
|
5,139 |
4,128 |
2,197 |
||
(Profit) loss on the disposal of fully consolidated subsidiaries |
|
(130) |
(10) |
9 |
||
(Income) loss from the sale of stakes accounted for using the equity method |
|
(13) |
0 |
(143) |
||
Other non-cash transactions |
|
226 |
(857) |
569 |
||
(Gains) losses from the disposal of intangible assets and property, plant and equipment |
|
161 |
368 |
112 |
||
Change in assets carried as operating working capital |
|
(1,475) |
(2,702) |
(814) |
||
Change in other operating assets |
|
(1,059) |
(509) |
(248) |
||
Change in provisions |
|
(152) |
20 |
203 |
||
Change in liabilities carried as operating working capital |
|
241 |
(2,108) |
(440) |
||
Change in other operating liabilities |
|
(260) |
(239) |
(325) |
||
Income taxes received (paid) |
|
(893) |
(690) |
(758) |
||
Dividends received |
|
8 |
6 |
15 |
||
Net payments from entering into, canceling or changing the terms and conditions of interest rate derivatives |
|
(1) |
(2,207) |
(3) |
||
Cash generated from operations |
|
37,191 |
29,706 |
25,297 |
||
Interest paid |
|
(6,158) |
(7,252) |
(3,924) |
||
Interest received |
|
1,138 |
1,289 |
1,701 |
||
Net cash from operating activities |
|
32,171 |
23,743 |
23,074 |
||
Cash outflows for investments in |
|
|
|
|
||
Intangible assets |
|
(12,749) |
(5,756) |
(4,375) |
||
Property, plant and equipment |
|
(13,616) |
(12,938) |
(9,982) |
||
Non-current financial assets |
|
(336) |
(566) |
(417) |
||
Payments for publicly funded investments in the broadband build-outa |
|
(436) |
(507) |
(401) |
||
Proceeds from public funds for investments in the broadband build-outa |
|
420 |
431 |
341 |
||
Changes in cash and cash equivalents in connection with the acquisition of control of subsidiaries and associates |
|
(1,617) |
(5,028) |
(261) |
||
Proceeds from disposal of |
|
|
|
|
||
Intangible assets |
|
2 |
3 |
0 |
||
Property, plant and equipment |
|
137 |
233 |
176 |
||
Non-current financial assets |
|
352 |
112 |
251 |
||
Changes in cash and cash equivalents in connection with the loss of control of subsidiaries and associates |
|
352 |
1,094 |
62 |
||
Net change in short-term investments and marketable securities and receivables |
|
89 |
273 |
376 |
||
Other |
|
0 |
(2) |
(1) |
||
Net cash (used in) from investing activities |
|
(27,403) |
(22,649) |
(14,230) |
||
Proceeds from issue of current financial liabilities |
|
4,431 |
19,018 |
10,778 |
||
Repayment of current financial liabilities |
|
(18,040) |
(34,939) |
(16,533) |
||
Proceeds from issue of non-current financial liabilities |
|
12,925 |
34,131 |
6,278 |
||
Repayment of non-current financial liabilities |
|
0 |
(1,699) |
(21) |
||
Dividend payments (including to other shareholders of subsidiaries) |
|
(3,145) |
(3,067) |
(3,561) |
||
Principal portion of repayment of lease liabilities |
|
(6,458) |
(5,371) |
(3,835) |
||
Cash inflows from transactions with non-controlling entities |
|
14 |
53 |
13 |
||
Cash outflows from transactions with non-controlling entities |
|
(506) |
(565) |
(261) |
||
Other |
|
0 |
0 |
0 |
||
Net cash (used in) from financing activities |
|
(10,779) |
7,561 |
(7,141) |
||
Effect of exchange rate changes on cash and cash equivalents |
|
620 |
(1,036) |
11 |
||
Changes in cash and cash equivalents associated with non-current assets and disposal groups held for sale |
|
68 |
(73) |
0 |
||
Net increase (decrease) in cash and cash equivalents |
|
(5,323) |
7,547 |
1,713 |
||
Cash and cash equivalents, at the beginning of the year |
|
12,939 |
5,393 |
3,679 |
||
Cash and cash equivalents, at the end of the year |
|
7,617 |
12,939 |
5,393 |
||
|
||||||