Consolidated statement of cash flows
millions of € |
|
|
|
|
|
|
|
|
H1 2025 |
H1 2024 |
Change |
Q2 2025 |
Q2 2024 |
Change |
FY 2024 |
|---|---|---|---|---|---|---|---|
Profit (loss) before income taxes |
11,213 |
8,965 |
2,248 |
5,364 |
4,646 |
718 |
22,958 |
Depreciation, amortization and impairment losses |
11,777 |
12,070 |
(293) |
5,764 |
5,996 |
(233) |
24,027 |
(Profit) loss from financial activities |
2,195 |
2,701 |
(506) |
1,278 |
1,334 |
(56) |
3,319 |
(Profit) loss on the disposal of fully consolidated subsidiaries |
(4) |
0 |
(4) |
(4) |
0 |
(4) |
2 |
Other non-cash transactions |
549 |
378 |
171 |
220 |
249 |
(29) |
(1,457) |
(Gains) losses from the disposal of intangible assets and property, plant and equipment |
(209) |
13 |
(222) |
(199) |
11 |
(209) |
(189) |
Change in assets carried as operating working capital |
256 |
1,526 |
(1,270) |
143 |
252 |
(109) |
941 |
Change in other operating assets |
(963) |
(520) |
(443) |
(417) |
(398) |
(19) |
(259) |
Change in provisions |
(795) |
(966) |
172 |
(233) |
(364) |
131 |
(760) |
Change in liabilities carried as operating working capital |
507 |
(1,159) |
1,665 |
271 |
189 |
81 |
(1,612) |
Change in other operating liabilities |
271 |
532 |
(261) |
(297) |
265 |
(562) |
(24) |
Income taxes received (paid) |
(744) |
(702) |
(41) |
(578) |
(379) |
(199) |
(1,504) |
Dividends received |
3 |
3 |
0 |
3 |
3 |
0 |
9 |
Net payments from entering into, canceling or changing the terms and conditions of interest rate derivatives |
0 |
7 |
(7) |
0 |
0 |
0 |
7 |
Cash generated from operations |
24,056 |
22,848 |
1,208 |
11,315 |
11,803 |
(489) |
45,460 |
Interest paid |
(4,159) |
(4,230) |
71 |
(2,131) |
(2,235) |
103 |
(8,013) |
Interest received |
1,042 |
1,276 |
(234) |
584 |
712 |
(128) |
2,427 |
Net cash from operating activities |
20,939 |
19,894 |
1,045 |
9,767 |
10,280 |
(513) |
39,874 |
Cash outflows for investments in |
|
|
|
|
|
|
|
Intangible assets |
(3,355) |
(2,681) |
(674) |
(2,065) |
(1,303) |
(763) |
(7,973) |
Property, plant and equipment |
(5,850) |
(5,897) |
47 |
(2,659) |
(2,557) |
(103) |
(11,198) |
Non-current financial assets |
(1,107) |
(303) |
(804) |
(961) |
(189) |
(771) |
(485) |
Payments for publicly funded investments in the broadband build-out |
(177) |
(177) |
0 |
(86) |
(88) |
1 |
(402) |
Proceeds from public funds for investments in the broadband build-out |
150 |
108 |
41 |
98 |
82 |
16 |
469 |
Changes in cash and cash equivalents in connection with the acquisition of control of subsidiaries and associates |
(713) |
(361) |
(353) |
(13) |
(361) |
348 |
(357) |
Proceeds from disposal of |
|
|
|
|
|
|
|
Intangible assets |
1,841 |
0 |
1,841 |
1,840 |
0 |
1,840 |
46 |
Property, plant and equipment |
66 |
61 |
4 |
37 |
28 |
9 |
143 |
Non-current financial assets |
163 |
291 |
(128) |
146 |
270 |
(124) |
589 |
Changes in cash and cash equivalents in connection with the loss of control of subsidiaries and associates |
47 |
(3) |
50 |
47 |
1 |
46 |
1 |
Net change in short-term investments and marketable securities and receivables |
106 |
442 |
(336) |
125 |
227 |
(102) |
273 |
Other |
6 |
(7) |
13 |
6 |
(7) |
13 |
(7) |
Net cash (used in) from investing activities |
(8,824) |
(8,525) |
(299) |
(3,484) |
(3,895) |
411 |
(18,900) |
Proceeds from issue of current financial liabilities |
3,236 |
1,384 |
1,852 |
3,205 |
1,370 |
1,835 |
1,407 |
Repayment of current financial liabilities |
(6,858) |
(5,829) |
(1,029) |
(6,092) |
(4,463) |
(1,630) |
(9,622) |
Proceeds from issue of non-current financial liabilities |
8,871 |
5,941 |
2,930 |
0 |
1,975 |
(1,975) |
9,638 |
Repayment of non-current financial liabilities |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Dividend payments (including to other shareholders of subsidiaries) |
(5,398) |
(4,623) |
(775) |
(4,949) |
(4,272) |
(677) |
(5,592) |
Principal portion of repayment of lease liabilities |
(2,927) |
(3,301) |
374 |
(1,415) |
(1,722) |
307 |
(6,209) |
Deutsche Telekom AG share buy-back |
(890) |
(933) |
43 |
(472) |
(481) |
9 |
(1,974) |
Cash inflows from transactions with non-controlling entities |
175 |
3,565 |
(3,390) |
167 |
1,843 |
(1,676) |
3,600 |
Cash outflows from transactions with non-controlling entities |
(5,113) |
(6,458) |
1,344 |
(2,442) |
(2,952) |
510 |
(11,530) |
Net cash (used in) from financing activities |
(8,904) |
(10,254) |
1,350 |
(11,999) |
(8,702) |
(3,297) |
(20,282) |
Effect of exchange rate changes on cash and cash equivalents |
(1,242) |
202 |
(1,444) |
(853) |
81 |
(934) |
506 |
Changes in cash and cash equivalents associated with non-current assets and disposal groups held for sale |
0 |
0 |
0 |
2 |
0 |
2 |
0 |
Net increase (decrease) in cash and cash equivalents |
1,969 |
1,317 |
652 |
(6,567) |
(2,235) |
(4,331) |
1,198 |
Cash and cash equivalents, at the beginning of the period |
8,472 |
7,274 |
1,198 |
17,008 |
10,827 |
6,181 |
7,274 |
Cash and cash equivalents, at the end of the period |
10,441 |
8,591 |
1,850 |
10,441 |
8,591 |
1,850 |
8,472 |