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Statement of Cash Flows

Quarterly Statement Q1 2020

Million € Q1
  2020 2019
Net income

885

1,406

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

999

1,031

Changes in net working capital

(3,000)

(1,758)

Miscellaneous items

86

(306)

Cash flows from operating activities

(1,030)

373

 

 

 

Payments made for intangible assets and property, plant and equipment

(569)

(741)

Acquisitions/divestitures

(1,245)

118

Changes in financial assets and miscellaneous items

(6)

(214)

Cash flows from investing activities

(1,820)

(837)

 

 

 

Capital increases/repayments and other equity transactions

1

Changes in financial and similar liabilities

4,329

620

Dividends

(36)

Cash flows from financing activities

4,294

620

 

 

 

Changes in cash and cash equivalents affecting liquiditya

1,444

156

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

2,421

2,594

Cash and cash equivalents at the end of the periodb

3,865

2,750

a In the first quarter of 2020, BASF SE transferred securities in the amount of €80 million (first quarter of 2019: €300 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.

In 2020 and 2019, 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 oil and gas business contained cash and cash equivalents of €219 million as of January 1, 2019, and €447 million as of March 31, 2019. 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 April 30, 2020