Consolidated statement of cash flows
millions of € |
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|
|
H1 2022 |
H1 |
Change |
Q2 2022 |
Q2 2021 |
Change |
FY 2021 |
Profit (loss) before income taxes |
7,160 |
5,037 |
2,123 |
1,723 |
3,193 |
(1,470) |
7,918 |
Depreciation, amortization and impairment losses |
14,335 |
13,623 |
712 |
7,570 |
6,781 |
789 |
27,482 |
(Profit) loss from financial activities |
1,523 |
2,170 |
(647) |
634 |
495 |
139 |
5,139 |
(Profit) loss on the disposal of fully consolidated subsidiaries |
(2,553) |
(163) |
(2,390) |
0 |
(163) |
163 |
(130) |
(Income) loss from the sale of stakes accounted for using the equity method |
(66) |
0 |
(66) |
(66) |
0 |
(66) |
(13) |
Other non-cash transactions |
315 |
5 |
310 |
233 |
(92) |
325 |
226 |
(Gains) losses from the disposal of intangible assets and property, plant and equipment |
56 |
(2) |
58 |
38 |
(7) |
45 |
161 |
Change in assets carried as operating working capital |
(433) |
436 |
(869) |
(135) |
(242) |
107 |
(1,475) |
Change in other operating assets |
(73) |
(542) |
469 |
9 |
(203) |
212 |
(1,059) |
Change in provisions |
(354) |
(499) |
145 |
289 |
(80) |
369 |
(152) |
Change in liabilities carried as operating working capital |
372 |
(1,130) |
1,502 |
(163) |
(330) |
167 |
241 |
Change in other operating liabilities |
643 |
397 |
246 |
254 |
145 |
109 |
(260) |
Income taxes received (paid) |
(257) |
(357) |
100 |
(209) |
(102) |
(107) |
(893) |
Dividends received |
3 |
2 |
1 |
1 |
1 |
0 |
8 |
Net payments from entering into, canceling or changing the terms and conditions of interest rate derivatives |
0 |
0 |
0 |
0 |
0 |
0 |
(1) |
Cash generated from operations |
20,671 |
18,977 |
1,694 |
10,177 |
9,396 |
781 |
37,191 |
Interest paid |
(3,360) |
(3,206) |
(154) |
(1,987) |
(1,718) |
(269) |
(6,158) |
Interest received |
668 |
615 |
53 |
431 |
402 |
29 |
1,138 |
Net cash from operating activities |
17,979 |
16,387 |
1,592 |
8,621 |
8,080 |
541 |
32,171 |
Cash outflows for investments in |
|
|
|
|
|
|
|
Intangible assets |
(4,679) |
(10,089) |
5,410 |
(1,128) |
(1,016) |
(112) |
(12,749) |
Property, plant and equipment |
(7,579) |
(6,505) |
(1,074) |
(3,958) |
(3,306) |
(652) |
(13,616) |
Non-current financial assets |
(501) |
(176) |
(325) |
(225) |
(111) |
(114) |
(336) |
Payments for publicly funded investments in the broadband build-out |
(162) |
(179) |
17 |
(90) |
(95) |
5 |
(436) |
Proceeds from public funds for investments in the broadband build-out |
129 |
103 |
26 |
85 |
77 |
8 |
420 |
Changes in cash and cash equivalents in connection with the acquisition of control of subsidiaries and associates |
(52) |
(25) |
(27) |
(1) |
(1) |
0 |
(1,617) |
Proceeds from disposal of |
|
|
|
|
|
|
|
Intangible assets |
2 |
1 |
1 |
1 |
1 |
0 |
2 |
Property, plant and equipment |
82 |
105 |
(23) |
33 |
57 |
(24) |
137 |
Non-current financial assets |
156 |
190 |
(34) |
115 |
128 |
(13) |
352 |
Changes in cash and cash equivalents in connection with the loss of control of subsidiaries and associates |
4,089 |
145 |
3,944 |
0 |
145 |
(145) |
352 |
Net change in short-term investments and marketable securities and receivables |
(1,633) |
122 |
(1,755) |
(467) |
187 |
(654) |
89 |
Other |
1 |
0 |
1 |
0 |
0 |
0 |
0 |
Net cash used in investing activities |
(10,148) |
(16,307) |
6,159 |
(5,636) |
(3,934) |
(1,702) |
(27,403) |
Proceeds from issue of current financial liabilities |
1,212 |
4,297 |
(3,085) |
1,180 |
3,673 |
(2,493) |
4,431 |
Repayment of current financial liabilities |
(3,438) |
(11,105) |
7,667 |
(2,238) |
(7,331) |
5,093 |
(18,040) |
Proceeds from issue of non-current financial liabilities |
1 |
8,575 |
(8,574) |
1 |
2,909 |
(2,908) |
12,925 |
Repayment of non-current financial liabilities |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Dividend payments (including to other shareholders of subsidiaries) |
(3,247) |
(2,909) |
(338) |
(3,247) |
(2,909) |
(338) |
(3,145) |
Principal portion of repayment of lease liabilities |
(2,415) |
(3,035) |
620 |
(1,180) |
(1,311) |
131 |
(6,458) |
Cash inflows from transactions with non-controlling entities |
25 |
11 |
14 |
22 |
8 |
14 |
14 |
Cash outflows from transactions with non-controlling entities |
(2,629) |
(347) |
(2,282) |
(2,377) |
(140) |
(2,237) |
(506) |
Net cash used in financing activities |
(10,491) |
(4,513) |
(5,978) |
(7,838) |
(5,100) |
(2,738) |
(10,779) |
Effect of exchange rate changes on cash and cash equivalents |
316 |
356 |
(40) |
259 |
(58) |
317 |
620 |
Changes in cash and cash equivalents associated with non-current assets and disposal groups held for sale |
8 |
(1) |
9 |
0 |
(1) |
1 |
68 |
Net increase (decrease) in cash and cash equivalents |
(2,336) |
(4,078) |
1,742 |
(4,594) |
(1,014) |
(3,580) |
(5,323) |
Cash and cash equivalents, at the beginning of the period |
7,617 |
12,939 |
(5,322) |
9,875 |
9,872 |
3 |
12,939 |
Cash and cash equivalents, at the end of the period |
5,281 |
8,861 |
(3,580) |
5,281 |
8,861 |
(3,580) |
7,617 |