Consolidated statement of cash flows

Consolidated statement of cash flows

17

in € million

Q1 2019

Q1 2018

1

Last year figures were adjusted due to a change in presentation

2

Net Working Capital comprises inventories, contract assets, trade receivables less contract liabilities and trade payables

Earnings before interest and taxes

158.7

125.8

 

 

 

Amortisation, depreciation and impairment charges of non-current assets

219.0

215.9

Non-cash reversals of deferred revenues from leases

–55.5

–58.6

Other non-cash income (–) / expenses (+)

7.9

10.4

Gains (–) / losses (+) on disposal of non-current assets

–0.7

1.4

Change in leased assets (excluding depreciation) and receivables / liabilities from leasing business1

–39.1

26.3

Change in rental assets (excluding depreciation) and liabilities from rental business

–49.3

–89.4

Change in net working capital2

–43.4

–94.7

Cash payments for defined benefit obligations

–5.4

–5.5

Change in other provisions

–1.3

–14.0

Change in other operating assets / liabilities1

–24.1

–14.7

Taxes paid

–34.8

–40.0

Cash flow from operating activities

132.0

63.0

 

 

 

Cash payments for purchase of non-current assets

–55.6

–48.9

Cash receipts from disposal of non-current assets

0.9

1.8

Dividends received

0.1

0.8

Acquisition of subsidiaries / other businesses (net of cash acquired)

0.0

–1.1

Cash receipts / payments for sundry assets

4.6

–2.9

Cash flow from investing activities

–50.0

–50.2

 

 

 

Capital increase from issuing of employee shares

0.7

0.0

Cash receipts / payments for changes in ownership interests in subsidiaries without change of control

0.0

0.1

Financing costs paid

–1.1

–1.6

Proceeds from borrowings

622.0

451.6

Repayment of borrowings

–681.9

–385.8

Interest received

0.7

0.7

Interest paid

–5.4

–8.6

Interest and principal portion from procurement leases

–30.2

–28.4

Cash receipts / payments from other financing activities

–1.8

7.5

Cash flow from financing activities

–97.0

35.5

 

 

 

Effect of exchange rate changes on cash and cash equivalents

3.7

–1.2

 

 

 

Change in cash and cash equivalents

–11.3

47.0

 

 

 

Cash and cash equivalents at the beginning of the period

175.3

173.2

Cash and cash equivalents at the end of the period

164.0

220.2