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Statement of Cash Flows

Quarterly Statement Q1 2022

  1st Quarter
Million € 2022 2021
Net income 1,221 1,718
Depreciation and amortization of property, plant and equipment and intangible assets 924 865
Changes in net working capitala –3,182 –2,773
Miscellaneous items 746 –335
Cash flows from operating activities –290 –525
     
Payments made for property, plant and equipment and intangible assets –603 –456
Acquisitions/divestitures 10 –7
Changes in financial assets and miscellaneous items 15 28
Cash flows from investing activities –579 –435
     
Capital increases/repayments and other equity transactions –820
Changes in financial and similar liabilities 3,504 717
Dividends –7
Cash flows from financing activities 2,685 710
     
Cash-effective changes in cash and cash equivalents 1,816 –250
Cash and cash equivalents at the beginning of the period and other changesb 2,679 4,382
Cash and cash equivalents at the end of the periodb 4,494 4,132

a In order to optimize precious metal stocks, BASF 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 €780 million as of March 31, 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, and
March 31, 2021.

Last Update April 29, 2022