Condensed Consolidated Interim Financial Statements as of June 30, 2018

Bayer Group
Consolidated Statements of Cash Flows

 

 

Q2 2017

 

Q2 2018

 

H1 2017

 

H1 2018

 

 

€ million

 

€ million

 

€ million

 

€ million

2017 figures restated

Income from continuing operations after income taxes

 

836

 

813

 

2,543

 

2,759

Income taxes

 

258

 

216

 

682

 

710

Financial result

 

369

 

322

 

665

 

192

Income taxes paid

 

(491)

 

(540)

 

(984)

 

(928)

Depreciation, amortization and impairments

 

672

 

666

 

1,244

 

1,174

Change in pension provisions

 

(82)

 

(73)

 

(145)

 

(171)

(Gains) losses on retirements of noncurrent assets

 

14

 

(40)

 

(36)

 

(60)

Decrease (increase) in inventories

 

31

 

267

 

(69)

 

183

Decrease (increase) in trade accounts receivable

 

334

 

1,458

 

(1,311)

 

109

(Decrease) increase in trade accounts payable

 

(117)

 

(106)

 

(845)

 

(542)

Changes in other working capital, other noncash items

 

77

 

(743)

 

708

 

(528)

Net cash provided by (used in) operating activities from continuing operations

 

1,901

 

2,240

 

2,452

 

2,898

Net cash provided by (used in) operating activities from discontinued operations

 

412

 

 

702

 

Net cash provided by (used in) operating activities (total)

 

2,313

 

2,240

 

3,154

 

2,898

Cash outflows for additions to property, plant, equipment and intangible assets

 

(476)

 

(459)

 

(891)

 

(808)

Cash inflows from the sale of property, plant, equipment and other assets

 

19

 

23

 

73

 

82

Cash inflows from divestments

 

54

 

69

 

54

 

214

Cash inflows from (outflows for) noncurrent financial assets

 

(42)

 

1,211

 

(96)

 

2,988

Cash outflows for acquisitions less acquired cash

 

 

(45,316)

 

(158)

 

(45,316)

Interest and dividends received

 

43

 

123

 

63

 

145

Cash inflows from (outflows for) current financial assets

 

(776)

 

6,424

 

(1,359)

 

2,712

Net cash provided by (used in) investing activities (total)

 

(1,178)

 

(37,925)

 

(2,314)

 

(39,983)

Capital contributions

 

 

8,986

 

 

8,986

Proceeds from shares of Covestro AG

 

1,045

 

 

2,505

 

Dividend payments

 

(2,361)

 

(2,403)

 

(2,361)

 

(2,403)

Issuances of debt

 

1,424

 

56,307

 

1,716

 

57,328

Retirements of debt

 

(410)

 

(27,156)

 

(1,446)

 

(28,684)

Interest paid including interest-rate swaps

 

(275)

 

(361)

 

(389)

 

(444)

Interest received from interest-rate swaps

 

28

 

373

 

37

 

382

Cash outflows for the purchase of additional interests in subsidiaries

 

 

 

 

Net cash provided by (used in) financing activities (total)

 

(549)

 

35,746

 

62

 

35,165

Change in cash and cash equivalents due to business activities (total)

 

586

 

61

 

902

 

(1,920)

Cash and cash equivalents at beginning of year

 

2,224

 

5,338

 

1,899

 

7,436

Change in cash and cash equivalents due to changes in scope of consolidation

 

 

 

 

1

Change in cash and cash equivalents due to exchange rate movements

 

(37)

 

(388)

 

(28)

 

(506)

Cash and cash equivalents at end of year

 

2,773

 

5,011

 

2,773

 

5,011

Compare to Last Year