Statement of Cash Flows

BASF Group

Statement of cash flows1 (Million €)

 

 

2018

2017

1

More information on the statement of cash flows can be found in the Management’s Report (Financial Position). Other information on cash flows can be found in Note 29.

2

From the third quarter of 2018 onward, cash and cash equivalents presented in the statement of cash flows deviate from the figure in the balance sheet, as cash and cash equivalents of the oil and gas business in the balance sheet have been reclassified to the disposal group.

Net income

 

4,707

6,078

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

 

3,750

4,213

Changes in inventories

 

(1,249)

(915)

Changes in receivables

 

(394)

(870)

Changes in operating liabilities and other provisions

 

1,113

618

Changes in pension provisions, defined benefit assets and other items

 

78

(227)

Gains (–) / losses (+) from the disposal of noncurrent assets and securities

 

(66)

(112)

Cash flows from operating activities

 

7,939

8,785

 

 

 

 

Payments made for property, plant and equipment and intangible assets

 

(3,894)

(3,996)

Payments made for financial assets and securities

 

(1,210)

(748)

Payments made for acquisitions

 

(7,362)

(150)

Payments received for divestitures

 

107

177

Payments received from the disposal of noncurrent assets and securities

 

555

759

Cash flows from investing activities

 

(11,804)

(3,958)

 

 

 

 

Capital increases/repayments and other equity transactions

 

3

19

Additions to financial and similar liabilities

 

6,355

8,572

Repayment of financial and similar liabilities

 

(3,389)

(5,324)

Dividends paid

 

 

 

To shareholders of BASF SE

 

(2,847)

(2,755)

noncontrolling interests

 

(174)

(118)

Cash flows from financing activities

 

(52)

394

Net changes in cash and cash equivalents

 

(3,917)

5,221

 

 

 

 

Changes in cash and cash equivalents

 

 

 

From foreign exchange rates

 

(59)

(110)

changes in the scope of consolidation

 

9

Cash and cash equivalents at the beginning of the year

 

6,495

1,375

Cash and cash equivalents at the end of the year2

 

2,519

6,495