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Statement of Cash Flowsa

 BASF Report 2019

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.

Last Update February 28, 2020