Consolidated statement of cash flows

Condensed consolidated statement of cash flows

in € million

Note

2020

2019

Earnings before interest and tax

 

389.9

716.6

 

 

 

 

Amortization, depreciation and impairment minus reversals of impairment on non-current assets without lease and rental assets

[9]

419.5

369.2

Depreciation and impairment minus reversals of impairment on lease and rental assets

[9]

518.3

528.8

Non-cash reversals of deferred revenue from lease business

 

–184.5

–212.5

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

 

55.2

27.0

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

[10], [11]

–4.9

–3.6

Change in leased assets (excluding depreciation) and receivables / liabilities from lease business

[18], [22], [31]

–147.7

–122.1

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

[19], [32]

–203.6

–146.6

Change in net working capital

 

–150.3

–146.8

thereof inventories

[25]

–35.1

–79.0

thereof trade receivables and trade payables

[26],[35]

–133.1

50.9

thereof contract assets and contract liabilities

[34]

18.0

–118.6

Cash payments for defined benefit obligations

[29]

–27.8

–22.0

Change in other provisions

[33]

59.8

22.5

Change in other operating assets / liabilities

 

19.9

27.3

Taxes paid

 

–216.8

–191.6

Cash flow from operating activities

[39]

527.1

846.3

 

 

 

 

Cash payments for purchase of non-current assets

[39]

–283.8

–287.4

Cash receipts from disposal of non-current assets

 

5.7

3.6

Dividends received

 

5.6

12.2

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

 

–133.5

–10.0

Cash receipts / payments for sundry assets

 

–0.3

3.8

Cash flow from investing activities

[39]

–406.3

–277.9

 

 

 

 

Capital increase from issuing of employee shares

[28]

0.3

3.7

Acquisition of treasury shares

[39]

0.0

–2.9

Capital contribution from shareholders for the carried out capital increase

[28]

813.3

0.0

Dividend of KION GROUP AG

[28]

–4.7

–141.5

Dividends paid to non-controlling interests

 

–3.4

–3.1

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

 

–7.5

0.0

Financing costs paid

 

–18.0

–3.8

Transactions costs for carrying out the approved capital increase

[28]

–12.6

0.0

Proceeds from borrowings

[39]

3,650.5

2,940.1

Repayment of borrowings

[39]

–4,260.0

–3,166.2

Interest received

 

1.5

3.1

Interest paid

[39]

–33.8

–36.7

Interest and principal portion from procurement leases

[39]

–133.3

–126.5

Cash receipts / payments from other financing activities

 

3.3

–1.1

Cash flow from financing activities

[39]

–4.5

–534.9

 

 

 

 

Effect of exchange rate changes on cash and cash equivalents

 

–13.1

2.4

 

 

 

 

Change in cash and cash equivalents

 

103.3

35.9

 

 

 

 

Cash and cash equivalents at the beginning of the year

[39]

211.2

175.3

Cash and cash equivalents at the end of the year

[39]

314.4

211.2