Bayer Group
Consolidated Statements of Cash Flows

 

 

Q1 2015

 

Q1 2016

 

 

€ million

 

€ million

2015 figures restated

Income from continuing operations after income taxes

 

1,295

 

1,542

Income taxes

 

375

 

478

Financial result

 

274

 

315

Income taxes paid or accrued

 

(633)

 

(698)

Depreciation, amortization and impairments

 

801

 

1,041

Change in pension provisions

 

(87)

 

(100)

(Gains) losses on retirements of noncurrent assets

 

(14)

 

(2)

Gross cash flow

 

2,011

 

2,576

Decrease (increase) in inventories

 

61

 

(130)

Decrease (increase) in trade accounts receivable

 

(1,949)

 

(1,731)

(Decrease) increase in trade accounts payable

 

(491)

 

(889)

Changes in other working capital, other noncash items

 

1,045

 

677

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

 

677

 

503

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

 

47

 

819

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

 

724

 

1,322

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

 

(345)

 

(363)

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

 

25

 

21

Cash inflows from divestitures

 

 

Cash inflows from (outflows for) noncurrent financial assets

 

(259)

 

(252)

Cash outflows for acquisitions less acquired cash

 

(33)

 

2

Interest and dividends received

 

11

 

22

Cash inflows from (outflows for) current financial assets

 

6

 

108

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

 

(595)

 

(462)

Dividend payments and withholding tax on dividends

 

(5)

 

Issuances of debt

 

2,521

 

4,322

Retirements of debt

 

(2,844)

 

(3,413)

Interest paid including interest-rate swaps

 

(92)

 

(101)

Interest received from interest-rate swaps

 

10

 

15

Cash outflows for the purchase of additional interests in subsidiaries

 

 

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

 

(410)

 

823

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

 

(281)

 

1,683

Cash and cash equivalents at beginning of period

 

1,853

 

1,859

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

 

3

 

(1)

Change in cash and cash equivalents due to exchange rate movements

 

32

 

11

Cash and cash equivalents at end of period

 

1,607

 

3,552