Consolidated Financial Statements

Bayer Group Consolidated Statements of Cash Flows

 

 

Note

 

2017

 

2018

 

 

 

 

€ million

 

€ million

The difference in cash and cash equivalents at the beginning of 2018 and the end of 2017 is due to the first-time application of IFRS 9.

Income from continuing operations after income taxes

 

 

 

3,248

 

1,711

Income taxes

 

 

 

1,329

 

607

Financial result

 

 

 

1,326

 

1,596

Income taxes paid

 

 

 

(1,821)

 

(2,143)

Depreciation, amortization and impairments

 

 

 

2,660

 

6,352

Change in pension provisions

 

 

 

(227)

 

(322)

(Gains) losses on retirements of noncurrent assets

 

 

 

(133)

 

(4,247)

Decrease (increase) in inventories

 

 

 

(293)

 

615

Decrease (increase) in trade accounts receivable

 

 

 

(18)

 

2,476

(Decrease) increase in trade accounts payable

 

 

 

265

 

(44)

Changes in other working capital, other noncash items

 

 

 

275

 

1,316

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

 

 

 

6,611

 

7,917

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

 

 

 

1,523

 

Net cash provided by (used in) operating activities

 

 

 

8,134

 

7,917

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

 

 

 

(2,366)

 

(2,593)

Cash inflows from sales of property, plant, equipment and other assets

 

 

 

241

 

230

Cash inflows from divestments

 

 

 

453

 

7,563

Cash inflows from (outflows for) noncurrent financial assets

 

 

 

(313)

 

2,879

Cash outflows for acquisitions less acquired cash

 

 

 

(158)

 

(45,316)

Interest and dividends received

 

 

 

168

 

247

Cash inflows from (outflows for) current financial assets

 

 

 

1,543

 

2,838

Net cash provided by (used in) investing activities

 

 

 

(432)

 

(34,152)

Capital contributions

 

 

 

 

8,986

Proceeds from shares of Covestro AG

 

 

 

3,717

 

Dividend payments

 

 

 

(2,364)

 

(2,407)

Issuances of debt

 

 

 

10,369

 

65,090

Retirements of debt

 

 

 

(12,848)

 

(47,271)

Interest paid including interest-rate swaps

 

 

 

(801)

 

(1,331)

Interest received from interest-rate swaps

 

 

 

69

 

412

Cash outflows for the purchase of additional interests in subsidiaries

 

 

 

(23)

 

(47)

Net cash provided by (used in) financing activities

 

 

 

(1,881)

 

23,432

Change in cash and cash equivalents due to business activities

 

[30]

 

5,821

 

(2,803)

Cash and cash equivalents at beginning of year

 

 

 

1,899

 

7,435

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

 

 

 

(139)

 

(581)

Cash and cash equivalents at end of year

 

 

 

7,581

 

4,052

Compare to Last Year