Consolidated statement of cash flows
millions of € |
|
|
|
|
|
|
|
||
|---|---|---|---|---|---|---|---|---|---|
|
H1 2024 |
H1 2023 |
Change |
Q2 2024 |
Q2 2023 |
Change |
FY 2023 |
||
Profit (loss) before income taxes |
8,965 |
20,269 |
(11,304) |
4,646 |
3,584 |
1,062 |
24,957 |
||
Depreciation, amortization and impairment losses |
12,070 |
11,900 |
170 |
5,996 |
5,869 |
127 |
23,975 |
||
(Profit) loss from financial activities |
2,701 |
2,954 |
(253) |
1,334 |
1,623 |
(289) |
8,845 |
||
(Profit) loss on the disposal of fully consolidated subsidiaries |
0 |
(12,924) |
12,924 |
0 |
4 |
(4) |
(12,927) |
||
(Income) loss from the sale of stakes accounted for using the equity method |
0 |
(15) |
15 |
0 |
0 |
0 |
(235) |
||
Other non-cash transactions |
378 |
348 |
30 |
249 |
116 |
133 |
543 |
||
(Gains) losses from the disposal of intangible assets and property, plant and equipment |
13 |
2 |
11 |
11 |
9 |
1 |
43 |
||
Change in assets carried as operating working capital |
1,526 |
1,313 |
213 |
252 |
584 |
(332) |
720 |
||
Change in other operating assets |
(520) |
(352) |
(168) |
(398) |
226 |
(624) |
(611) |
||
Change in provisions |
(966) |
(1,235) |
268 |
(364) |
(768) |
403 |
(821) |
||
Change in liabilities carried as operating working capital |
(1,159) |
(804) |
(355) |
189 |
(443) |
633 |
(500) |
||
Change in other operating liabilities |
532 |
765 |
(233) |
265 |
264 |
1 |
212 |
||
Income taxes received (paid) |
(702) |
(468) |
(234) |
(379) |
(299) |
(80) |
(1,312) |
||
Dividends received |
3 |
4 |
(1) |
3 |
3 |
(1) |
31 |
||
Net payments from entering into, canceling or changing the terms and conditions of interest rate derivatives |
7 |
(31) |
38 |
0 |
0 |
0 |
(94) |
||
Cash generated from operations |
22,848 |
21,725 |
1,123 |
11,803 |
10,773 |
1,031 |
42,826 |
||
Interest paid |
(4,230) |
(3,883) |
(346) |
(2,235) |
(2,082) |
(153) |
(7,729) |
||
Interest received |
1,276 |
1,022 |
253 |
712 |
615 |
97 |
2,201 |
||
Net cash from operating activities |
19,894 |
18,864 |
1,030 |
10,280 |
9,306 |
974 |
37,298 |
||
Of which: from discontinued operation |
0 |
80 |
(80) |
0 |
0 |
0 |
80 |
||
Cash outflows for investments in |
|
|
|
|
|
|
|
||
Intangible assets |
(2,681) |
(2,441) |
(239) |
(1,303) |
(1,254) |
(48) |
(5,560) |
||
Property, plant and equipment |
(5,897) |
(6,995) |
1,098 |
(2,557) |
(3,356) |
800 |
(12,306) |
||
Non-current financial assets |
(303) |
(203) |
(100) |
(189) |
(45) |
(144) |
(326) |
||
Payments for publicly funded investments in the broadband build-out |
(177) |
(147) |
(30) |
(88) |
(81) |
(7) |
(338) |
||
Proceeds from public funds for investments in the broadband build-out |
108 |
117 |
(9) |
82 |
67 |
16 |
444 |
||
Changes in cash and cash equivalents in connection with the acquisition of control of subsidiaries and associates |
(361) |
(4) |
(356) |
(361) |
(4) |
(357) |
(4) |
||
Proceeds from disposal of |
|
|
|
|
|
|
|
||
Intangible assets |
0 |
0 |
0 |
0 |
0 |
0 |
95 |
||
Property, plant and equipment |
61 |
57 |
5 |
28 |
34 |
(5) |
110 |
||
Non-current financial assets |
291 |
143 |
148 |
270 |
107 |
163 |
473 |
||
Changes in cash and cash equivalents in connection with the loss of control of subsidiaries and associates |
(3) |
7,624 |
(7,627) |
1 |
15 |
(14) |
7,629 |
||
Net change in short-term investments and marketable securities and receivables |
442 |
(423) |
865 |
227 |
241 |
(14) |
(430) |
||
Other |
(7) |
(1) |
(6) |
(7) |
(1) |
(6) |
(1) |
||
Net cash (used in) from investing activities |
(8,525) |
(2,274) |
(6,252) |
(3,895) |
(4,278) |
383 |
(10,213) |
||
Of which: from discontinued operation |
0 |
(17) |
17 |
0 |
0 |
0 |
(17) |
||
Proceeds from issue of current financial liabilities |
1,384 |
813 |
570 |
1,370 |
44 |
1,326 |
816 |
||
Repayment of current financial liabilities |
(5,829) |
(6,738) |
909 |
(4,463) |
(1,747) |
(2,716) |
(12,700) |
||
Proceeds from issue of non-current financial liabilities |
5,941 |
9,097 |
(3,156) |
1,975 |
3,209 |
(1,234) |
10,973 |
||
Repayment of non-current financial liabilities |
0 |
(1,976) |
1,976 |
0 |
0 |
0 |
(1,992) |
||
Dividend payments (including to other shareholders of subsidiaries) |
(4,623) |
(3,564) |
(1,059) |
(4,272) |
(3,558) |
(714) |
(4,027) |
||
Principal portion of repayment of lease liabilities |
(3,301) |
(3,201) |
(100) |
(1,722) |
(1,673) |
(49) |
(5,904) |
||
Deutsche Telekom AG share buy-back |
(933) |
0 |
(933) |
(481) |
0 |
(481) |
0 |
||
Cash inflows from transactions with non-controlling entities |
3,565 |
14 |
3,551 |
1,843 |
9 |
1,834 |
30 |
||
Cash outflows from transactions with non-controlling entities |
(6,458) |
(8,015) |
1,557 |
(2,952) |
(3,513) |
561 |
(12,730) |
||
Net cash (used in) from financing activities |
(10,254) |
(13,570) |
3,316 |
(8,702) |
(7,230) |
(1,472) |
(25,534) |
||
Of which: from discontinued operation |
0 |
(74) |
74 |
0 |
0 |
0 |
(74) |
||
Effect of exchange rate changes on cash and cash equivalents |
202 |
(71) |
273 |
81 |
3 |
78 |
(68) |
||
Changes in cash and cash equivalents associated with non-current assets and disposal groups held for sale |
0 |
25 |
(25) |
0 |
28 |
(28) |
25 |
||
Net increase (decrease) in cash and cash equivalents |
1,317 |
2,975 |
(1,658) |
(2,235) |
(2,171) |
(65) |
1,507 |
||
Cash and cash equivalents, at the beginning of the period |
7,274 |
5,767 |
1,507 |
10,827 |
10,913 |
(86) |
5,767 |
||
Cash and cash equivalents, at the end of the period |
8,591 |
8,742 |
(151) |
8,591 |
8,742 |
(151) |
7,274 |
||
|
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