Statement of Cash Flows

BASF Group

Statement of cash flowsa (Million €)

 

2019

2018

a

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.

b

In 2019 and 2018, cash and cash equivalents presented in the statement of cash flows deviate from the figures in the balance sheet due to the reclassification of cash and cash equivalents to disposal groups: for the construction chemicals business (€21 million) and the pigments business (€7 million) in 2019, and for the oil and gas business (€219 million) in 2018.

Net income

8,421

4,707

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

4,218

3,750

Changes in inventories

479

(1,249)

Changes in receivables

25

(394)

Changes in operating liabilities and other provisions

906

1,113

Changes in pension provisions, defined benefit assets and other items

(5,941)

78

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

(634)

(66)

Cash flows from operating activities

7,474

7,939

 

 

 

Payments made for intangible assets and property, plant and equipment

(3,824)

(3,894)

Payments made for financial assets and securities

(1,126)

(1,210)

Payments made for acquisitions

(239)

(7,362)

Payments received for divestitures

2,600

107

Payments received from the disposal of noncurrent assets and securities

1,399

555

Cash flows from investing activities

(1,190)

(11,804)

 

 

 

Capital increases/repayments and other equity transactions

1

3

Additions to financial and similar liabilities

10,357

6,355

Repayment of financial and similar liabilities

(13,699)

(3,389)

Dividends paid

 

 

To shareholders of BASF SE

(2,939)

(2,847)

noncontrolling interests

(125)

(174)

Cash flows from financing activities

(6,405)

(52)

Net changes in cash and cash equivalents

(121)

(3,917)

 

 

 

Changes in cash and cash equivalents

 

 

From foreign exchange rates

37

(59)

changes in the scope of consolidation

20

Cash and cash equivalents at the beginning of the yearb

2,519

6,495

Cash and cash equivalents at the end of the yearb

2,455

2,519