Statement of Cash Flowsa
| Million € | 2019 | 2018 |
| Net income | 8,421 | 4,707 |
| Depreciation and amortization of intangible assets and property, plant and equipment | 4,218 | 3,750 |
| Changes in inventories | 479 | (1,249) |
| Changes in receivables | 25 | (394) |
| Changes in operating liabilities and other provisions | 906 | 1,113 |
| Changes in pension provisions, defined benefit assets and other items | (5,941) | 78 |
| Gains (–) / losses (+) from the disposal of noncurrent assets and securities | (634) | (66) |
| Cash flows from operating activities | 7,474 | 7,939 |
| Payments made for intangible assets and property, plant and equipment | (3,824) | (3,894) |
| Payments made for financial assets and securities | (1,126) | (1,210) |
| Payments made for acquisitions | (239) | (7,362) |
| Payments received for divestitures | 2,600 | 107 |
| Payments received from the disposal of noncurrent assets and securities | 1,399 | 555 |
| Cash flows from investing activities | (1,190) | (11,804) |
| Capital increases/repayments and other equity transactions | 1 | 3 |
| Additions to financial and similar liabilities | 10,357 | 6,355 |
| Repayment of financial and similar liabilities | (13,699) | (3,389) |
| Dividends paid | ||
To shareholders of BASF SE |
(2,939) | (2,847) |
noncontrolling interests |
(125) | (174) |
| Cash flows from financing activities | (6,405) | (52) |
| Net changes in cash and cash equivalents | (121) | (3,917) |
| Changes in cash and cash equivalents | ||
From foreign exchange rates |
37 | (59) |
changes in the scope of consolidation |
20 | – |
| Cash and cash equivalents at the beginning of the yearb | 2,519 | 6,495 |
| Cash and cash equivalents at the end of the yearb | 2,455 | 2,519 |
a More information on the statement of cash flows can be found in the Management’s Report (Financial Position). Other information on cash flows can be found in Note 29.
b In 2019 and 2018, cash and cash equivalents presented in the statement of cash flows deviate from the figures in the balance sheet due to the reclassification of cash and cash equivalents to disposal groups: for the construction chemicals business (€21 million) and the pigments business (€7 million) in 2019, and for the oil and gas business (€219 million) in 2018.