BASF Group 1st Quarter 2018 (XLS:) Download 1st quarter 2018 2017 Change in % 1 Amortization of intangible assets and depreciation of property, plant and equipment (including impairments and reversals of impairments) 2 Additions to intangible assets and property, plant and equipment Sales million € 16,646 16,857 (1) Income from operations before depreciation, amortization and special items million € 3,439 3,507 (2) Income from operations before depreciation and amortization (EBITDA) million € 3,448 3,502 (2) Amortization and depreciation1 million € 927 1,051 (12) Income from operations (EBIT) million € 2,521 2,451 3 Special items million € 9 (6) . EBIT before special items million € 2,512 2,457 2 Financial result million € (186) (152) (22) Income before taxes and minority interests million € 2,335 2,299 2 Net income million € 1,679 1,709 (2) EBIT after cost of capital million € 1,120 987 13 Earnings per share € 1.83 1.86 (2) Adjusted earnings per share € 1.93 1.97 (2) Research and development expenses million € 428 424 1 Personnel expenses million € 2,616 2,641 (1) Number of employees (March 31) 115,770 113,873 2 Assets (March 31) million € 80,453 79,074 2 Investments including acquisitions2 million € 666 806 (17) Equity ratio (March 31) % 45.2 43.7 3 Net debt (March 31) million € 10,482 14,933 (30) Cash flows from operating activities million € 1,231 833 48 Free cash flow million € 604 66 . forward