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Statement of Cash Flows

Half-Year Financial Report 2021

Million € Q2 H1
  2021 2020
2021 2020
Net income 1,654 –878 3,372 7
Depreciation and amortization of property, plant and equipment and intangible assets 883 1,050 1,748 2,049
Changes in net working capital 9 1,190 –2,764 –1,810
Miscellaneous items –9 880 –344 966
Cash flows from operating activities 2,537 2,242 2,012 1,212
         
Payments made for property, plant and equipment and intangible assets –767 –726 –1,223 –1,295
Acquisitions/divestitures 1,125 −  1,118 –1,245
Changes in financial assets and miscellaneous items –35 21 –7 15
Cash flows from investing activities 323 –705 –112 –2,525
         
Capital increases/repayments and other equity transactions −  3 −  4
Changes in financial and similar liabilities –999  3,470 –282  7,799
Dividends –3,145  –3,100  –3,152  –3,136 
Cash flows from financing activities –4,144  373 –3,434  4,667
         
Cash-effective changes in cash and cash equivalentsa –1,284  1,910 –1,534  3,354
Cash and cash equivalents at the beginning of the period and other changesb 4,153 3,852 4,403 2,408
Cash and cash equivalents at the end of the periodb    2,869    5,762    2,869    5,762

a In the first quarter of 2020, BASF SE transferred securities in the amount of €80 million to BASF Pensionstreuhand e.V., Ludwigshafen am Rhein, Germany. This transfer was not cash effective and therefore had no effect on the statement of cash flows.

b In 2021 and 2020, cash and cash equivalents presented in the statement of cash flows deviate from the figures in the balance sheet, as the relevant amounts were reclassified in the balance sheet to assets of disposal groups. The disposal group for the pigments business contained cash and cash equivalents of €5 million as of January 1, 2021, and March 31, 2021. As of January 1, 2020, cash and cash equivalents deviate from the figure in the balance sheet due to the reclassification of cash and cash equivalents to the disposal groups for the construction chemicals business (€21 million) and the pigments business (€7 million). As of March 31, 2020, €24 million was reclassified in the balance sheet to the disposal group for the construction chemicals business, and €12 million to the disposal group for the pigments business.

Last Update July 28, 2021