Consolidated statement of cash flows
millions of € |
|
|
|
|
|
|---|---|---|---|---|---|
|
Q2 2019 |
Q2 2018 |
H1 2019 |
H1 2018 |
FY 2018 |
PROFIT (LOSS) BEFORE INCOME TAXES |
1,883 |
1,167 |
3,735 |
2,927 |
5,153 |
Depreciation, amortization and impairment losses |
4,351 |
3,204 |
8,555 |
6,302 |
13,836 |
(Profit) loss from financial activities |
466 |
1,185 |
872 |
1,596 |
2,848 |
(Profit) loss on the disposal of fully consolidated subsidiaries |
0 |
0 |
0 |
0 |
0 |
(Income) loss from the sale of stakes accounted for using the equity method |
0 |
0 |
0 |
0 |
0 |
Other non-cash transactions |
125 |
118 |
314 |
230 |
430 |
(Gains) losses from the disposal of intangible assets and property, plant and equipment |
15 |
(26) |
41 |
(91) |
(126) |
Change in assets carried as operating working capital |
260 |
38 |
346 |
363 |
(998) |
Change in other operating assets |
(63) |
(53) |
(392) |
(52) |
(337) |
Change in provisions |
(297) |
(386) |
(396) |
(667) |
(100) |
Change in liabilities carried as operating working capital |
(483) |
(215) |
(426) |
(1,254) |
(515) |
Change in other operating liabilities |
66 |
3 |
463 |
448 |
(11) |
Income taxes received (paid) |
(193) |
(98) |
(371) |
(222) |
(697) |
Dividends received |
13 |
11 |
13 |
173 |
181 |
Net payments from entering into, canceling or changing the terms and conditions of interest rate derivatives |
0 |
0 |
0 |
0 |
0 |
CASH GENERATED FROM OPERATIONS |
6,157 |
4,947 |
12,765 |
9,753 |
19,663 |
Interest paid |
(1,113) |
(1,020) |
(2,068) |
(1,843) |
(3,307) |
Interest received |
554 |
465 |
909 |
779 |
1,592 |
NET CASH FROM OPERATING ACTIVITIES |
5,598 |
4,392 |
11,607 |
8,689 |
17,948 |
Cash outflows for investments in |
|
|
|
|
|
Intangible assets |
(1,808) |
(880) |
(2,838) |
(1,689) |
(3,353) |
Property, plant and equipment |
(2,391) |
(2,215) |
(5,188) |
(4,545) |
(9,139) |
Non-current financial assets |
(53) |
(95) |
(79) |
(203) |
(639) |
Payments to acquire control of subsidiaries and associates |
(12) |
(6) |
(249) |
(282) |
(2,080) |
Proceeds from disposal of |
|
|
|
|
|
Intangible assets |
0 |
0 |
0 |
1 |
2 |
Property, plant and equipment |
38 |
143 |
82 |
304 |
523 |
Non-current financial assets |
23 |
275 |
35 |
299 |
596 |
Proceeds from the loss of control of subsidiaries and associates |
31 |
0 |
31 |
(62) |
(67) |
Net change in short-term investments and marketable securities and receivables |
418 |
183 |
858 |
(60) |
(144) |
Other |
0 |
5 |
(2) |
5 |
5 |
NET CASH USED IN INVESTING ACTIVITIES |
(3,754) |
(2,589) |
(7,350) |
(6,233) |
(14,297) |
Proceeds from issue of current financial liabilities |
4,804 |
20,750 |
10,746 |
34,153 |
51,597 |
Repayment of current financial liabilities |
(4,924) |
(23,700) |
(12,420) |
(38,868) |
(57,253) |
Proceeds from issue of non-current financial liabilities |
450 |
4,442 |
3,033 |
6,908 |
8,375 |
Repayment of non-current financial liabilities |
(2) |
0 |
(4) |
(21) |
(23) |
Dividends (including to non-controlling interests) |
(3,409) |
(3,148) |
(3,409) |
(3,148) |
(3,254) |
Principal portion of repayment of lease liabilities |
(967) |
(197) |
(1,860) |
(402) |
(1,174) |
Cash inflows from transactions with non-controlling entities |
0 |
1 |
1 |
2 |
29 |
Cash outflows from transactions with non-controlling entities |
(38) |
(646) |
(145) |
(1,417) |
(1,557) |
Other |
0 |
0 |
0 |
0 |
0 |
NET CASH USED IN FINANCING ACTIVITIES |
(4,086) |
(2,499) |
(4,058) |
(2,794) |
(3,259) |
Effect of exchange rate changes on cash and cash equivalents |
(9) |
22 |
16 |
(31) |
(17) |
Changes in cash and cash equivalents associated with non-current assets and disposal groups held for sale |
0 |
0 |
0 |
0 |
(8) |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
(2,250) |
(675) |
214 |
(369) |
367 |
CASH AND CASH EQUIVALENTS, |
6,144 |
3,618 |
3,679 |
3,312 |
3,312 |
CASH AND CASH EQUIVALENTS, |
3,894 |
2,943 |
3,894 |
2,943 |
3,679 |