Consolidated statement of cash flows
millions of € |
|
|
|
|
|
Q1 2026 |
Q1 2025 |
Change |
FY 2025 |
|---|---|---|---|---|
Profit (loss) before income taxes |
4,232 |
5,849 |
(1,617) |
19,499 |
Depreciation, amortization and impairment losses |
6,436 |
6,013 |
423 |
24,009 |
(Profit) loss from financial activities |
1,611 |
917 |
694 |
5,323 |
(Profit) loss on the disposal of fully consolidated subsidiaries |
0 |
0 |
0 |
20 |
(Income) loss from the sale of stakes accounted for using the equity method |
5 |
0 |
5 |
0 |
Other non-cash transactions |
267 |
329 |
(62) |
1,125 |
(Gains) losses from the disposal of intangible assets and property, plant and equipment |
(71) |
(11) |
(60) |
65 |
Change in assets carried as operating working capital |
396 |
113 |
283 |
(1,245) |
Change in other operating assets |
(574) |
(546) |
(28) |
(1,540) |
Change in provisions |
(119) |
(562) |
443 |
(306) |
Change in liabilities carried as operating working capital |
(24) |
236 |
(260) |
985 |
Change in other operating liabilities |
452 |
568 |
(116) |
(157) |
Income taxes received (paid) |
(180) |
(166) |
(15) |
(1,652) |
Dividends received |
25 |
1 |
25 |
237 |
Net payments from entering into, canceling or changing the terms and conditions of interest rate derivatives |
9 |
0 |
9 |
0 |
Cash generated from operations |
12,465 |
12,741 |
(276) |
46,363 |
Interest paid |
(1,954) |
(2,027) |
73 |
(7,618) |
Interest received |
364 |
458 |
(93) |
1,882 |
Net cash from operating activities |
10,875 |
11,172 |
(297) |
40,627 |
Cash outflows for investments in |
|
|
|
|
Intangible assets |
(1,289) |
(1,289) |
0 |
(6,942) |
Property, plant and equipment |
(2,641) |
(3,191) |
550 |
(12,314) |
Non-current financial assets |
(217) |
(147) |
(70) |
(3,911) |
Payments for publicly funded investments in the broadband build-out |
(74) |
(90) |
16 |
(454) |
Proceeds from public funds for investments in the broadband build-out |
31 |
52 |
(20) |
428 |
Changes in cash and cash equivalents in connection with the acquisition of control of subsidiaries |
(8) |
(700) |
692 |
(3,186) |
Proceeds from disposal of |
|
|
|
|
Intangible assets |
78 |
1 |
77 |
1,891 |
Property, plant and equipment |
19 |
28 |
(9) |
184 |
Non-current financial assets |
249 |
16 |
233 |
342 |
Changes in cash and cash equivalents in connection with the loss of control of subsidiaries |
0 |
0 |
0 |
109 |
Net change in short-term investments and marketable securities and receivables |
99 |
(20) |
119 |
57 |
Other |
(6) |
0 |
(6) |
4 |
Net cash (used in) from investing activities |
(3,759) |
(5,341) |
1,581 |
(23,793) |
Proceeds from issue of current financial liabilities |
122 |
31 |
91 |
3,939 |
Repayment of current financial liabilities |
(5,067) |
(766) |
(4,302) |
(11,973) |
Proceeds from issue of non-current financial liabilities |
5,762 |
8,871 |
(3,110) |
14,034 |
Repayment of non-current financial liabilities |
0 |
0 |
0 |
0 |
Dividend payments (including to other shareholders of subsidiaries) |
(456) |
(449) |
(7) |
(6,438) |
Principal portion of repayment of lease liabilities |
(1,736) |
(1,511) |
(225) |
(5,633) |
Deutsche Telekom AG share buy-back |
(471) |
(418) |
(53) |
(2,000) |
Cash inflows from transactions with non-controlling entities |
1 |
9 |
(7) |
1,327 |
Cash outflows from transactions with non-controlling entities |
(4,314) |
(2,671) |
(1,642) |
(9,548) |
Net cash (used in) from financing activities |
(6,160) |
3,095 |
(9,255) |
(16,293) |
Effect of exchange rate changes on cash and cash equivalents |
113 |
(389) |
502 |
(1,196) |
Changes in cash and cash equivalents associated with non-current assets and disposal groups held for sale |
0 |
(2) |
2 |
0 |
Net increase (decrease) in cash and cash equivalents |
1,069 |
8,536 |
(7,467) |
(654) |
Cash and cash equivalents, at the beginning of the period |
7,818 |
8,472 |
(654) |
8,472 |
Cash and cash equivalents, at the end of the period |
8,887 |
17,008 |
(8,121) |
7,818 |