Consolidated statement of cash flows (XLS:) Download 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, AT THE BEGINNING OF THE PERIOD 6,144 3,618 3,679 3,312 3,312 CASH AND CASH EQUIVALENTS, AT THE END OF THE PERIOD 3,894 2,943 3,894 2,943 3,679
