Global
Investors

Statement of Cash Flows

Quarterly Statement Q3 2022

Million € Q3 January – September
  2022 2021
2022 2021
Net income

909

1,253

4,220

4,625

Depreciation and amortization of property, plant and equipment and intangible assets

960

907

2,930

2,655

Changes in net working capitala

670

–44

–4,172

–2,808

Miscellaneous items

–238

–220

261

–564

Cash flows from operating activities

  2,301

  1,896

 3,239

 3,908

 

 

 

 

 

Payments made for property, plant and equipment and intangible assets

–1,006

–819

–2,501

–2,042

Acquisitions/divestitures

222

–627

601

491

Changes in financial assets and miscellaneous items

104

–372

2

–379

Cash flows from investing activities

–680

–1,818

–1,899

–1,930

 

 

 

 

 

Capital increases/repayments and other equity transactions

–233

–1,308

Changes in financial and similar liabilities

–1,938

53

3,627

–229

Dividends

–16

–109

–3,208

–3,261

Cash flows from financing activities

–2,188

–56

–889

–3,490

 

 

 

 

 

Cash-effective changes in cash and cash equivalents

–567

22

452

–1,512

Cash and cash equivalents at the beginning of the period and other changesb

3,750

2,877

2,731

4,411

Cash and cash equivalents at the end of the period

3,183

2,899

3,183

2,899

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 €734 million as of September 30, 2022.

b In 2021, 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.

Last Update October 26, 2022