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Statement of Cash Flows

Quarterly Statement 3rd Quarter 2018

Million € 3rd quarter January – September
  2018 2017 2018 2017
Net income 1,200 1,336 4,359 4,541
Amortization and depreciation of intangible assets and property, plant and equipment 1,015 1,049 2,883 3,152
Changes in net working capital 568 1,778 (653) 94
Miscellaneous items 147 (368) (204) 190
Cash flows from operating activities 2,930 3,795 6,385 7,597
         
Payments for property, plant and equipment and intangible assets (979) (964) (2,428) (2,606)
Acquisitions/divestitures (7,184) 21 (7,120) 44
Financial assets and miscellaneous items (138) (105) (488) 763
Cash flows from investing activities (8,301) (1,048) (10,036) (3,413)
         
Capital increases/repayments and other equity transactions 4 4 19
Changes in financial liabilities 400 (656) 2,926 1,276
Dividends (13) (4) (3,057) (2,841)
Cash flows from financing activities 391 (660) (127) (1,546)
         
Changes in cash and cash equivalents affecting liquidity (4,980) 2,087 (3,778) 2,638
Cash and cash equivalents at the beginning of the period and other changes 7,624 1,832 6,422 1,281
Cash and cash equivalents at the end of the period1 2,644 3,919 2,644 3,919

1 In 2018, cash and cash equivalents presented in the statement of cash flows deviate from the figure in the balance sheet, as cash and cash equivalents in the balance sheet have been reclassified to the oil and gas business disposal group.

Last Update 26 October 2018