Consolidated statement of cash flows
millions of € |
|
|
|
|
|
|
|
||
|---|---|---|---|---|---|---|---|---|---|
|
H1 2023 |
H1 2022 |
Change |
Q2 2023 |
Q2 2022 |
Change |
FY 2022 |
||
Profit (loss) before income taxes |
20,269 |
7,160 |
13,109 |
3,584 |
1,723 |
1,861 |
11,703 |
||
Depreciation, amortization and impairment losses |
11,900 |
14,335 |
(2,435) |
5,869 |
7,570 |
(1,701) |
27,827 |
||
(Profit) loss from financial activities |
2,954 |
1,523 |
1,431 |
1,623 |
634 |
989 |
4,455 |
||
(Profit) loss on the disposal of fully consolidated subsidiaries |
(12,924) |
(2,553) |
(10,371) |
4 |
0 |
4 |
(2,661) |
||
(Income) loss from the sale of stakes accounted for using the equity method |
(15) |
(66) |
51 |
0 |
(66) |
66 |
(71) |
||
Other non-cash transactions |
348 |
315 |
33 |
116 |
233 |
(117) |
1,508 |
||
(Gains) losses from the disposal of intangible assets and property, plant and equipment |
2 |
56 |
(54) |
9 |
38 |
(29) |
(76) |
||
Change in assets carried as operating working capital |
1,313 |
(433) |
1,746 |
584 |
(135) |
719 |
(600) |
||
Change in other operating assets |
(352) |
(73) |
(279) |
226 |
9 |
217 |
(813) |
||
Change in provisions |
(1,235) |
(354) |
(881) |
(768) |
289 |
(1,057) |
117 |
||
Change in liabilities carried as operating working capital |
(804) |
372 |
(1,176) |
(443) |
(163) |
(280) |
789 |
||
Change in other operating liabilities |
765 |
643 |
122 |
264 |
254 |
10 |
(60) |
||
Income taxes received (paid) |
(468) |
(257) |
(211) |
(299) |
(209) |
(90) |
(902) |
||
Dividends received |
4 |
3 |
1 |
3 |
1 |
2 |
11 |
||
Net payments from entering into, canceling or changing the terms and conditions of interest rate derivatives |
(31) |
0 |
(31) |
0 |
0 |
0 |
0 |
||
Cash generated from operations |
21,725 |
20,671 |
1,054 |
10,773 |
10,177 |
596 |
41,228 |
||
Interest paid |
(3,883) |
(3,360) |
(523) |
(2,082) |
(1,987) |
(95) |
(6,756) |
||
Interest received |
1,022 |
668 |
354 |
615 |
431 |
184 |
1,347 |
||
Net cash from operating activities |
18,864 |
17,979 |
885 |
9,306 |
8,621 |
685 |
35,819 |
||
Of which: from discontinued operation |
80 |
457 |
(377) |
0 |
198 |
(198) |
712 |
||
Cash outflows for investments in |
|
|
|
|
|
|
|
||
Intangible assets |
(2,441) |
(4,679) |
2,238 |
(1,254) |
(1,128) |
(126) |
(7,551) |
||
Property, plant and equipment |
(6,995) |
(7,579) |
584 |
(3,356) |
(3,958) |
602 |
(16,563) |
||
Non-current financial assets |
(203) |
(501) |
298 |
(45) |
(225) |
180 |
(683) |
||
Payments for publicly funded investments in the broadband build-out |
(147) |
(162) |
15 |
(81) |
(90) |
9 |
(377) |
||
Proceeds from public funds for investments in the broadband build-out |
117 |
129 |
(12) |
67 |
85 |
(18) |
435 |
||
Changes in cash and cash equivalents in connection with the acquisition of control of subsidiaries and associates |
(4) |
(52) |
48 |
(4) |
(1) |
(3) |
(52) |
||
Proceeds from disposal of |
|
|
|
|
|
|
|
||
Intangible assets |
0 |
2 |
(2) |
0 |
1 |
(1) |
3 |
||
Property, plant and equipment |
57 |
82 |
(25) |
34 |
33 |
1 |
436 |
||
Non-current financial assets |
143 |
156 |
(13) |
107 |
115 |
(8) |
173 |
||
Changes in cash and cash equivalents in connection with the loss of control of subsidiaries and associates |
7,624 |
4,089 |
3,535 |
15 |
0 |
15 |
4,208 |
||
Net change in short-term investments and marketable securities and receivables |
(423) |
(1,633) |
1,210 |
241 |
(467) |
708 |
(2,335) |
||
Other |
(1) |
1 |
(2) |
(1) |
0 |
(1) |
1 |
||
Net cash (used in) from investing activities |
(2,274) |
(10,148) |
7,874 |
(4,278) |
(5,636) |
1,358 |
(22,306) |
||
Of which: from discontinued operation |
(17) |
(99) |
82 |
0 |
(59) |
59 |
(277) |
||
Proceeds from issue of current financial liabilities |
813 |
1,212 |
(399) |
44 |
1,180 |
(1,136) |
9,686 |
||
Repayment of current financial liabilities |
(6,738) |
(3,438) |
(3,300) |
(1,747) |
(2,238) |
491 |
(15,528) |
||
Proceeds from issue of non-current financial liabilities |
9,097 |
1 |
9,096 |
3,209 |
1 |
3,208 |
4,534 |
||
Repayment of non-current financial liabilities |
(1,976) |
0 |
(1,976) |
0 |
0 |
0 |
0 |
||
Dividend payments (including to other shareholders of subsidiaries) |
(3,564) |
(3,247) |
(317) |
(3,558) |
(3,247) |
(311) |
(3,385) |
||
Principal portion of repayment of lease liabilities |
(3,201) |
(2,415) |
(786) |
(1,673) |
(1,180) |
(493) |
(4,951) |
||
Cash inflows from transactions with non-controlling entities |
14 |
25 |
(11) |
9 |
22 |
(13) |
29 |
||
Cash outflows from transactions with non-controlling entities |
(8,015) |
(2,629) |
(5,386) |
(3,513) |
(2,377) |
(1,136) |
(5,823) |
||
Net cash (used in) from financing activities |
(13,570) |
(10,491) |
(3,079) |
(7,230) |
(7,838) |
608 |
(15,438) |
||
Of which: from discontinued operation |
(74) |
(140) |
66 |
0 |
(48) |
48 |
(192) |
||
Effect of exchange rate changes on cash and cash equivalents |
(71) |
316 |
(387) |
3 |
259 |
(256) |
93 |
||
Changes in cash and cash equivalents associated with non-current assets and disposal groups held for sale |
25 |
8 |
17 |
28 |
0 |
28 |
(18) |
||
Net increase (decrease) in cash and cash equivalents |
2,975 |
(2,336) |
5,311 |
(2,171) |
(4,594) |
2,423 |
(1,850) |
||
Cash and cash equivalents, at the beginning of the period |
5,767 |
7,617 |
(1,850) |
10,913 |
9,875 |
1,038 |
7,617 |
||
Cash and cash equivalents, at the end of the period |
8,742 |
5,281 |
3,461 |
8,742 |
5,281 |
3,461 |
5,767 |
||
|
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