Consolidated statement of cash flows
millions of € |
|
|
|
|
|
||
|---|---|---|---|---|---|---|---|
|
Q2 2021 |
Q2 2020 |
H1 2021 |
H1 2020 |
FY 2020 |
||
Profit (loss) before income taxes |
3,193 |
1,838 |
5,037 |
3,384 |
8,677 |
||
Depreciation, amortization and impairment losses |
6,781 |
6,939 |
13,623 |
11,368 |
25,829 |
||
(Profit) loss from financial activities |
495 |
1,249 |
2,170 |
2,213 |
4,128 |
||
(Profit) loss on the disposal of fully consolidated subsidiaries |
(163) |
(9) |
(163) |
(9) |
(10) |
||
(Income) loss from the sale of stakes accounted for using the equity method |
0 |
0 |
0 |
0 |
0 |
||
Other non-cash transactions |
(92) |
164 |
5 |
394 |
(857) |
||
(Gains) losses from the disposal of intangible assets and property, plant and equipment |
(7) |
199 |
(2) |
178 |
368 |
||
Change in assets carried as operating working capital |
(242) |
(95) |
436 |
(361) |
(2,702) |
||
Change in other operating assets |
(203) |
226 |
(542) |
(263) |
(509) |
||
Change in provisions |
(80) |
(162) |
(499) |
(263) |
20 |
||
Change in liabilities carried as operating working capital |
(330) |
(1,667) |
(1,130) |
(1,875) |
(2,108) |
||
Change in other operating liabilities |
145 |
37 |
397 |
182 |
(239) |
||
Income taxes received (paid) |
(102) |
70 |
(357) |
(74) |
(690) |
||
Dividends received |
1 |
1 |
2 |
4 |
6 |
||
Net payments from entering into, canceling or changing the terms and conditions of interest rate derivatives |
0 |
(2,189) |
0 |
(2,189) |
(2,207) |
||
Cash generated from operations |
9,396 |
6,600 |
18,977 |
12,690 |
29,706 |
||
Interest paid |
(1,718) |
(1,917) |
(3,206) |
(4,394) |
(7,252) |
||
Interest received |
402 |
464 |
615 |
811 |
1,289 |
||
Net cash from operating activities |
8,080 |
5,148 |
16,387 |
9,107 |
23,743 |
||
Cash outflows for investments in |
|
|
|
|
|
||
Intangible assets |
(1,016) |
(1,900) |
(10,089) |
(3,055) |
(5,756) |
||
Property, plant and equipment |
(3,306) |
(2,648) |
(6,505) |
(5,061) |
(12,938) |
||
Non-current financial assets |
(111) |
(237) |
(176) |
(374) |
(566) |
||
Payments for publicly funded investments in the broadband build-out |
(95) |
(112) |
(179) |
(214) |
(507) |
||
Proceeds from public funds for investments in the broadband build-out |
77 |
53 |
103 |
76 |
431 |
||
Changes in cash and cash equivalents in connection with the acquisition of control of subsidiaries and associates |
(1) |
(4,647) |
(25) |
(4,648) |
(5,028) |
||
Proceeds from disposal of |
|
|
|
|
|
||
Intangible assets |
1 |
0 |
1 |
1 |
3 |
||
Property, plant and equipment |
57 |
40 |
105 |
126 |
233 |
||
Non-current financial assets |
128 |
54 |
190 |
73 |
112 |
||
Changes in cash and cash equivalents in connection with the loss of control of subsidiaries and associates |
145 |
22 |
145 |
22 |
1,094 |
||
Net change in short-term investments and marketable securities and receivables |
187 |
826 |
122 |
1,790 |
273 |
||
Other |
0 |
0 |
0 |
11 |
(2) |
||
Net cash used in investing activities |
(3,934) |
(8,548) |
(16,307) |
(11,254) |
(22,649) |
||
Proceeds from issue of current financial liabilities |
3,673 |
17,597 |
4,297 |
18,918 |
19,018 |
||
Repayment of current financial liabilities |
(7,331) |
(22,109) |
(11,105) |
(26,175) |
(34,939) |
||
Proceeds from issue of non-current financial liabilities |
2,909 |
24,506 |
8,575 |
26,114 |
34,131 |
||
Repayment of non-current financial liabilities |
0 |
(1,697) |
0 |
(1,699) |
(1,699) |
||
Dividend payments (including to other shareholders of subsidiaries) |
(2,909) |
(2,874) |
(2,909) |
(2,874) |
(3,067) |
||
Principal portion of repayment of lease liabilities |
(1,311) |
(1,467) |
(3,035) |
(2,730) |
(5,371) |
||
Cash inflows from transactions with non-controlling entities |
8 |
20 |
11 |
24 |
53 |
||
Cash outflows from transactions with non-controlling entities |
(140) |
(179) |
(347) |
(344) |
(565) |
||
Other |
0 |
0 |
0 |
0 |
0 |
||
Net cash from (used in) financing activities |
(5,100) |
13,797 |
(4,513) |
11,234 |
7,561 |
||
Effect of exchange rate changes on cash and cash equivalents |
(58) |
63 |
356 |
57 |
(1,036) |
||
Changes in cash and cash equivalents associated with non-current assets and disposal groups held for sale |
(1) |
0 |
(1) |
0 |
(73) |
||
Net increase (decrease) in cash and cash equivalents |
(1,014) |
10,459 |
(4,078) |
9,144 |
7,547 |
||
Cash and cash equivalents, at the beginning of the period |
9,872 |
4,078 |
12,939 |
5,393 |
5,393 |
||
Cash and cash equivalents, at the end of the period |
8,861 |
14,537 |
8,861 |
14,537 |
12,939 |
||
|
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