Bayer Group
Consolidated Statements of Cash Flows

 

 

Q3 2016

Q3 2017

 

9M 2016

9M 2017

 

 

€ million

€ million

 

€ million

€ million

2016 figures restated

Income from continuing operations after income taxes

 

957

773

 

3,457

3,316

Income taxes

 

207

212

 

954

894

Financial result

 

233

403

 

741

1,068

Income taxes paid

 

(237)

(546)

 

(1,125)

(1,530)

Depreciation, amortization and impairments

 

599

581

 

2,108

1,825

Change in pension provisions

 

(100)

(114)

 

(312)

(259)

(Gains) losses on retirements of noncurrent assets

 

(12)

(64)

 

(15)

(100)

Decrease (increase) in inventories

 

(80)

(314)

 

(87)

(383)

Decrease (increase) in trade accounts receivable

 

884

1,274

 

(338)

(37)

(Decrease) increase in trade accounts payable

 

(178)

(25)

 

(925)

(870)

Changes in other working capital, other noncash items

 

96

(277)

 

(23)

431

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

 

2,369

1,903

 

4,435

4,355

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

 

684

808

 

1,922

1,510

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

 

3,053

2,711

 

6,357

5,865

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

 

(656)

(557)

 

(1,608)

(1,448)

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

 

14

96

 

53

169

Cash inflows from divestitures

 

362

 

8

416

Cash inflows from (outflows for) noncurrent financial assets

 

(41)

(96)

 

(649)

(192)

Cash outflows for acquisitions less acquired cash

 

 

2

(158)

Interest and dividends received

 

38

66

 

75

129

Cash inflows from (outflows for) current financial assets

 

(1,394)

302

 

(1,627)

(1,057)

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

 

(2,039)

173

 

(3,746)

(2,141)

Proceeds from shares of Covestro AG

 

1,212

 

3,717

Dividend payments

 

(2)

(3)

 

(2,122)

(2,364)

Issuances of debt

 

4,454

3,479

 

12,122

5,195

Retirements of debt

 

(5,008)

(4,383)

 

(12,717)

(5,829)

Interest paid including interest-rate swaps

 

(290)

(338)

 

(590)

(727)

Interest received from interest-rate swaps

 

19

 

49

56

Cash outflows for the purchase of additional interests in subsidiaries

 

(23)

 

(23)

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

 

(846)

(37)

 

(3,258)

25

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

 

168

2,847

 

(647)

3,749

Cash and cash equivalents at beginning of period

 

1,055

2,773

 

1,859

1,899

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

 

 

(2)

Change in cash and cash equivalents due to exchange rate movements

 

9

(65)

 

22

(93)

Cash and cash equivalents at end of period

 

1,232

5,555

 

1,232

5,555