Investors

Statement of Cash Flows

Quarterly Statement Q3 2023

  Q3 January – September
Million € 2023 2022 2023 2022
Net income –249 909 1,812 4,220
Depreciation and amortization of property, plant and equipment and intangible assets 969 960 2,846 2,930
Changes in net working capitala 1,899 670 –420 –4.172
Miscellaneous items 67 –238 –391 261
Cash flows from operating activities   2,686   2,301  3,848  3,239
         
Payments made for property, plant and equipment and intangible assets –1.221 –1.006 –3.361 –2.501
Acquisitions/divestitures –8 222 14 601
Changes in financial assets and miscellaneous items 4 104 144 2
Cash flows from investing activities –1.225 –680 –3.202 –1.899
         
Capital increases/repayments and other equity transactions –233 –70 –1.308
Changes in financial and similar liabilities –1.667 –1.938 2,356 3,627
Dividends 0 –16 –3.079 –3.208
Cash flows from financing activities –1.667 –2.188 –793 –889
         
Cash-effective changes in cash and cash equivalents –206 –567 –147 452
Changes in cash and cash equivalents from foreign exchange rates and changes in the scope of consolidation 23 –31 –77 107
Cash and cash equivalents at the beginning of the period 2,474 3,780 2,516 2,624
Cash and cash equivalents at the end of the period 2,291 3,183 2,291 3,183

a In order to optimize precious metal stocks, the Group sells precious metals and concurrently enters into agreements to repurchase them at a set price. The cash flows resulting from the sale and repurchase are reported in cash flows from operating activities. Liabilities to repurchase precious metals amounted to €123 million as of September 30, 2023.

Last Update October 31, 2023