Consolidated statement of cash flows
millions of € |
|
|
|
|
|
|
|
||
|---|---|---|---|---|---|---|---|---|---|
|
Q1-Q3 2023 |
Q1-Q3 2022 |
Change |
Q3 2023 |
Q3 2022 |
Change |
FY 2022 |
||
Profit (loss) before income taxes |
24,205 |
9,510 |
14,695 |
3,937 |
2,350 |
1,587 |
11,703 |
||
Depreciation, amortization and impairment losses |
17,804 |
21,357 |
(3,553) |
5,904 |
7,021 |
(1,117) |
27,827 |
||
(Profit) loss from financial activities |
4,446 |
2,574 |
1,872 |
1,492 |
1,051 |
441 |
4,455 |
||
(Profit) loss on the disposal of fully consolidated subsidiaries |
(12,927) |
(2,655) |
(10,272) |
(3) |
(102) |
99 |
(2,661) |
||
(Income) loss from the sale of stakes accounted for using the equity method |
(15) |
(71) |
56 |
0 |
(4) |
4 |
(71) |
||
Other non-cash transactions |
485 |
1,261 |
(776) |
137 |
946 |
(809) |
1,508 |
||
(Gains) losses from the disposal of intangible assets and property, plant and equipment |
15 |
29 |
(14) |
12 |
(27) |
39 |
(76) |
||
Change in assets carried as operating working capital |
1,206 |
(167) |
1,373 |
(106) |
267 |
(373) |
(600) |
||
Change in other operating assets |
(452) |
(431) |
(21) |
(100) |
(358) |
258 |
(813) |
||
Change in provisions |
(845) |
(250) |
(595) |
390 |
104 |
286 |
117 |
||
Change in liabilities carried as operating working capital |
(1,206) |
61 |
(1,267) |
(403) |
(311) |
(92) |
789 |
||
Change in other operating liabilities |
816 |
661 |
155 |
51 |
18 |
33 |
(60) |
||
Income taxes received (paid) |
(785) |
(590) |
(195) |
(317) |
(333) |
16 |
(902) |
||
Dividends received |
9 |
7 |
2 |
5 |
4 |
1 |
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 |
32,725 |
31,296 |
1,429 |
11,000 |
10,625 |
375 |
41,228 |
||
Interest paid |
(5,706) |
(4,884) |
(822) |
(1,823) |
(1,524) |
(299) |
(6,756) |
||
Interest received |
1,537 |
890 |
647 |
514 |
222 |
292 |
1,347 |
||
Net cash from operating activities |
28,556 |
27,302 |
1,254 |
9,692 |
9,323 |
369 |
35,819 |
||
Of which: from discontinued operation |
80 |
536 |
(456) |
0 |
79 |
(79) |
712 |
||
Cash outflows for investments in |
|
|
|
|
|
|
|
||
Intangible assets |
(3,711) |
(6,204) |
2,493 |
(1,270) |
(1,525) |
255 |
(7,551) |
||
Property, plant and equipment |
(9,990) |
(12,004) |
2,014 |
(2,995) |
(4,425) |
1,430 |
(16,563) |
||
Non-current financial assets |
(230) |
(635) |
405 |
(26) |
(134) |
108 |
(683) |
||
Payments for publicly funded investments in the broadband build-out |
(237) |
(267) |
30 |
(91) |
(105) |
14 |
(377) |
||
Proceeds from public funds for investments in the broadband build-out |
244 |
249 |
(5) |
126 |
121 |
5 |
435 |
||
Changes in cash and cash equivalents in connection with the acquisition of control of subsidiaries and associates |
(4) |
(52) |
48 |
0 |
0 |
0 |
(52) |
||
Proceeds from disposal of |
|
|
|
|
|
|
|
||
Intangible assets |
0 |
2 |
(2) |
0 |
0 |
0 |
3 |
||
Property, plant and equipment |
81 |
241 |
(160) |
25 |
158 |
(133) |
436 |
||
Non-current financial assets |
160 |
210 |
(50) |
18 |
54 |
(36) |
173 |
||
Changes in cash and cash equivalents in connection with the loss of control of subsidiaries and associates |
7,625 |
4,189 |
3,436 |
2 |
100 |
(98) |
4,208 |
||
Net change in short-term investments and marketable securities and receivables |
(38) |
(1,241) |
1,203 |
386 |
392 |
(6) |
(2,335) |
||
Other |
(1) |
1 |
(2) |
0 |
0 |
0 |
1 |
||
Net cash (used in) from investing activities |
(6,100) |
(15,511) |
9,411 |
(3,827) |
(5,364) |
1,537 |
(22,306) |
||
Of which: from discontinued operation |
(17) |
(168) |
151 |
0 |
(70) |
70 |
(277) |
||
Proceeds from issue of current financial liabilities |
783 |
2,933 |
(2,150) |
(30) |
1,721 |
(1,751) |
9,686 |
||
Repayment of current financial liabilities |
(11,986) |
(7,250) |
(4,736) |
(5,248) |
(3,812) |
(1,436) |
(15,528) |
||
Proceeds from issue of non-current financial liabilities |
10,973 |
3,172 |
7,801 |
1,876 |
3,171 |
(1,295) |
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) |
(3,701) |
(3,385) |
(316) |
(138) |
(138) |
0 |
(3,385) |
||
Principal portion of repayment of lease liabilities |
(4,442) |
(3,715) |
(727) |
(1,241) |
(1,300) |
59 |
(4,951) |
||
Cash inflows from transactions with non-controlling entities |
22 |
27 |
(5) |
9 |
2 |
7 |
29 |
||
Cash outflows from transactions with non-controlling entities |
(10,572) |
(3,287) |
(7,285) |
(2,557) |
(658) |
(1,899) |
(5,823) |
||
Net cash (used in) from financing activities |
(20,899) |
(11,505) |
(9,394) |
(7,329) |
(1,014) |
(6,315) |
(15,438) |
||
Of which: from discontinued operation |
(74) |
(177) |
103 |
0 |
(36) |
36 |
(192) |
||
Effect of exchange rate changes on cash and cash equivalents |
121 |
616 |
(495) |
192 |
300 |
(108) |
93 |
||
Changes in cash and cash equivalents associated with non-current assets and disposal groups held for sale |
25 |
(21) |
46 |
0 |
(28) |
28 |
(18) |
||
Net increase (decrease) in cash and cash equivalents |
1,703 |
880 |
823 |
(1,272) |
3,216 |
(4,488) |
(1,850) |
||
Cash and cash equivalents, at the beginning of the period |
5,767 |
7,617 |
(1,850) |
8,742 |
5,281 |
3,461 |
7,617 |
||
Cash and cash equivalents, at the end of the period |
7,470 |
8,497 |
(1,027) |
7,470 |
8,497 |
(1,027) |
5,767 |
||
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