Consolidated statement of cash flows
millions of € |
|
|
|
|
||
|---|---|---|---|---|---|---|
|
Q1 2021 |
Q1 2020 |
Change |
FY 2020 |
||
Profit (loss) before income taxes |
1,844 |
1,546 |
298 |
8,677 |
||
Depreciation, amortization and impairment losses |
6,842 |
4,429 |
2,413 |
25,829 |
||
(Profit) loss from financial activities |
1,675 |
965 |
710 |
4,128 |
||
(Profit) loss on the disposal of fully consolidated subsidiaries |
0 |
0 |
0 |
(10) |
||
(Income) loss from the sale of stakes accounted for using the equity method |
0 |
0 |
0 |
0 |
||
Other non-cash transactions |
97 |
230 |
(133) |
(857) |
||
(Gains) losses from the disposal of intangible assets and property, plant and equipment |
5 |
(22) |
27 |
368 |
||
Change in assets carried as operating working capital |
678 |
(265) |
943 |
(2,702) |
||
Change in other operating assets |
(339) |
(489) |
150 |
(509) |
||
Change in provisions |
(420) |
(100) |
(320) |
20 |
||
Change in liabilities carried as operating working capital |
(800) |
(207) |
(593) |
(2,108) |
||
Change in other operating liabilities |
251 |
145 |
106 |
(239) |
||
Income taxes received (paid) |
(255) |
(144) |
(111) |
(690) |
||
Dividends received |
1 |
3 |
(2) |
6 |
||
Net payments from entering into, canceling or changing the terms and conditions of interest rate derivatives |
0 |
0 |
0 |
(2,207) |
||
Cash generated from operations |
9,581 |
6,090 |
3,491 |
29,706 |
||
Interest paid |
(1,488) |
(2,477) |
989 |
(7,252) |
||
Interest received |
213 |
347 |
(134) |
1,289 |
||
Net cash from operating activities |
8,307 |
3,960 |
4,347 |
23,743 |
||
Cash outflows for investments in |
|
|
|
|
||
Intangible assets |
(9,073) |
(1,156) |
(7,917) |
(5,756) |
||
Property, plant and equipment |
(3,199) |
(2,414) |
(785) |
(12,938) |
||
Non-current financial assets |
(65) |
(138) |
73 |
(566) |
||
Payments for publicly funded investments in the broadband build-out |
(84) |
(102) |
18 |
(507) |
||
Proceeds from public funds for investments in the broadband build-out |
26 |
23 |
3 |
431 |
||
Changes in cash and cash equivalents in connection with the acquisition of control of subsidiaries and associates |
(23) |
(1) |
(22) |
(5,028) |
||
Proceeds from disposal of |
|
|
|
|
||
Intangible assets |
0 |
1 |
(1) |
3 |
||
Property, plant and equipment |
48 |
86 |
(38) |
233 |
||
Non-current financial assets |
62 |
19 |
43 |
112 |
||
Changes in cash and cash equivalents in connection with the loss of control of subsidiaries and associates |
0 |
0 |
0 |
1,094 |
||
Net change in short-term investments and marketable securities and receivables |
(65) |
964 |
(1,029) |
273 |
||
Other |
0 |
11 |
(11) |
(2) |
||
Net cash used in investing activities |
(12,373) |
(2,706) |
(9,667) |
(22,649) |
||
Proceeds from issue of current financial liabilities |
625 |
1,321 |
(696) |
19,018 |
||
Repayment of current financial liabilities |
(3,774) |
(4,066) |
292 |
(34,939) |
||
Proceeds from issue of non-current financial liabilities |
5,666 |
1,609 |
4,057 |
34,131 |
||
Repayment of non-current financial liabilities |
0 |
(2) |
2 |
(1,699) |
||
Dividend payments (including to other shareholders of subsidiaries) |
0 |
0 |
0 |
(3,067) |
||
Principal portion of repayment of lease liabilities |
(1,724) |
(1,263) |
(461) |
(5,371) |
||
Cash inflows from transactions with non-controlling entities |
3 |
4 |
(1) |
53 |
||
Cash outflows from transactions with non-controlling entities |
(208) |
(165) |
(43) |
(565) |
||
Other |
0 |
0 |
0 |
0 |
||
Net cash from (used in) financing activities |
588 |
(2,562) |
3,150 |
7,561 |
||
Effect of exchange rate changes on cash and cash equivalents |
414 |
(6) |
420 |
(1,036) |
||
Changes in cash and cash equivalents associated with non-current assets and disposal groups held for sale |
0 |
0 |
0 |
(73) |
||
Net increase (decrease) in cash and cash equivalents |
(3,065) |
(1,315) |
(1,750) |
7,547 |
||
Cash and cash equivalents, at the beginning of the period |
12,939 |
5,393 |
7,546 |
5,393 |
||
Cash and cash equivalents, at the end of the period |
9,872 |
4,078 |
5,794 |
12,939 |
||
|
||||||