Statement of Cash Flows

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Statement of cash flows (million €)

 

 

2nd quarter

1st half

 

 

2018

2017

2018

2017

Net income

 

1,480

1,496

3,159

3,205

Amortization and depreciation of intangible assets and property, plant and equipment

 

941

1,052

1,868

2,103

Changes in net working capital

 

124

301

(1,221)

(1,684)

Miscellaneous items

 

(321)

120

(351)

178

Cash flows from operating activities

 

2,224

2,969

3,455

3,802

 

 

 

 

 

 

Payments made for property, plant and equipment and intangible assets

 

(822)

(875)

(1,449)

(1,642)

Acquisitions/divestitures

 

30

(43)

64

(65)

Financial assets and miscellaneous items

 

(309)

(232)

(350)

(658)

Cash flows from investing activities

 

(1,101)

(1,150)

(1,735)

(2,365)

 

 

 

 

 

 

Capital increases/repayments and other equity transactions

 

−

5

−

19

Changes in financial liabilities

 

2,306

1,121

2,526

1,932

Dividends

 

(3,025)

(2,843)

(3,044)

(2,837)

Cash flows from financing activities

 

(719)

(1,717)

(518)

(886)

 

 

 

 

 

 

Changes in cash and cash equivalents affecting liquidity

 

404

102

1,202

551

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

 

7,259

1,747

6,461

1,298

Cash and cash equivalents at the end of the period

 

7,663

1,849

7,663

1,849