Consolidated statement of cash flows
millions of € |
|
|
|
|
||
|---|---|---|---|---|---|---|
|
Q1 2023 |
Q1 2022 |
Change |
FY 2022 |
||
Profit (loss) before income taxes |
16,685 |
5,438 |
11,247 |
11,703 |
||
Depreciation, amortization and impairment losses |
6,030 |
6,765 |
(735) |
27,827 |
||
(Profit) loss from financial activities |
1,331 |
890 |
441 |
4,455 |
||
(Profit) loss on the disposal of fully consolidated subsidiaries |
(12,928) |
(2,553) |
(10,375) |
(2,661) |
||
(Income) loss from the sale of stakes accounted for using the equity method |
(15) |
0 |
(15) |
(71) |
||
Other non-cash transactions |
232 |
82 |
150 |
1,508 |
||
(Gains) losses from the disposal of intangible assets and property, plant and equipment |
(7) |
18 |
(25) |
(76) |
||
Change in assets carried as operating working capital |
729 |
(298) |
1,027 |
(600) |
||
Change in other operating assets |
(578) |
(82) |
(496) |
(813) |
||
Change in provisions |
(467) |
(643) |
176 |
117 |
||
Change in liabilities carried as operating working capital |
(360) |
535 |
(895) |
789 |
||
Change in other operating liabilities |
501 |
388 |
113 |
(60) |
||
Income taxes received (paid) |
(169) |
(48) |
(121) |
(902) |
||
Dividends received |
0 |
2 |
(2) |
11 |
||
Net payments from entering into, canceling or changing the terms and conditions of interest rate derivatives |
(31) |
0 |
(31) |
0 |
||
Cash generated from operations |
10,952 |
10,494 |
458 |
41,228 |
||
Interest paid |
(1,802) |
(1,372) |
(430) |
(6,756) |
||
Interest received |
407 |
236 |
171 |
1,347 |
||
Net cash from operating activities |
9,558 |
9,358 |
200 |
35,819 |
||
Of which: from discontinued operation |
80 |
259 |
(179) |
712 |
||
Cash outflows for investments in |
|
|
|
|
||
Intangible assets |
(1,187) |
(3,551) |
2,364 |
(7,551) |
||
Property, plant and equipment |
(3,639) |
(3,621) |
(18) |
(16,563) |
||
Non-current financial assets |
(158) |
(276) |
118 |
(683) |
||
Payments for publicly funded investments in the broadband build-out |
(66) |
(73) |
7 |
(377) |
||
Proceeds from public funds for investments in the broadband build-out |
51 |
44 |
7 |
435 |
||
Changes in cash and cash equivalents in connection with the acquisition of control of subsidiaries and associates |
0 |
(51) |
51 |
(52) |
||
Proceeds from disposal of |
|
|
|
|
||
Intangible assets |
0 |
1 |
(1) |
3 |
||
Property, plant and equipment |
23 |
50 |
(27) |
436 |
||
Non-current financial assets |
36 |
41 |
(5) |
173 |
||
Changes in cash and cash equivalents in connection with the loss of control of subsidiaries and associates |
7,608 |
4,089 |
3,519 |
4,208 |
||
Net change in short-term investments and marketable securities and receivables |
(664) |
(1,165) |
501 |
(2,335) |
||
Other |
0 |
1 |
(1) |
1 |
||
Net cash from (used in) investing activities |
2,005 |
(4,512) |
6,517 |
(22,306) |
||
Of which: from discontinued operation |
(17) |
(39) |
22 |
(277) |
||
Proceeds from issue of current financial liabilities |
770 |
32 |
738 |
9,686 |
||
Repayment of current financial liabilities |
(4,992) |
(1,200) |
(3,792) |
(15,528) |
||
Proceeds from issue of non-current financial liabilities |
5,888 |
0 |
5,888 |
4,534 |
||
Repayment of non-current financial liabilities |
(1,976) |
0 |
(1,976) |
0 |
||
Dividend payments (including to other shareholders of subsidiaries) |
(5) |
0 |
(5) |
(3,385) |
||
Principal portion of repayment of lease liabilities |
(1,529) |
(1,235) |
(294) |
(4,951) |
||
Cash inflows from transactions with non-controlling entities |
5 |
3 |
2 |
29 |
||
Cash outflows from transactions with non-controlling entities |
(4,502) |
(252) |
(4,250) |
(5,823) |
||
Net cash (used in) from financing activities |
(6,340) |
(2,653) |
(3,687) |
(15,438) |
||
Of which: from discontinued operation |
(74) |
(92) |
18 |
(192) |
||
Effect of exchange rate changes on cash and cash equivalents |
(74) |
57 |
(131) |
93 |
||
Changes in cash and cash equivalents associated with non-current assets and disposal groups held for sale |
(3) |
8 |
(11) |
(18) |
||
Net increase (decrease) in cash and cash equivalents |
5,146 |
2,258 |
2,888 |
(1,850) |
||
Cash and cash equivalents, at the beginning of the period |
5,767 |
7,617 |
(1,850) |
7,617 |
||
Cash and cash equivalents, at the end of the period |
10,913 |
9,875 |
1,038 |
5,767 |
||
|
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