Statement of Cash Flows (XLS:) Download Statement of cash flows (Million €) Q1 2019 2018 a In the first quarter of 2019, BASF SE transferred securities in the amount of €300 million to BASF Pensionstreuhand e.V., Ludwigshafen am Rhein, Germany. This transfer was not cash effective and therefore had no effect on the statement of cash flows. b Since September 30, 2018, the balances of cash and cash equivalents presented in the statement of cash flows have deviated from the figures 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. Cash and cash equivalents included in the disposal group amounted to €219 million as of January 1, 2019, and €447 million as of March 31, 2019. Net income 1,406 1,679 Depreciation and amortization of intangible assets and property, plant and equipment 1,031 927 Changes in net working capital (1,758) (1,345) Miscellaneous items (306) (30) Cash flows from operating activities 373 1,231 Payments made for intangible assets and property, plant and equipment (741) (627) Acquisitions/divestitures 118 34 Changes in financial assets and miscellaneous items (214) (41) Cash flows from investing activities (837) (634) Capital increases/repayments and other equity transactions − − Changes in financial and similar liabilities 620 220 Dividends 0 (19) Cash flows from financing activities 620 201 Changes in cash and cash equivalents affecting liquiditya 156 798 Cash and cash equivalents at the beginning of the period and other changesb 2,594 6,475 Cash and cash equivalents at the end of the periodb 2,750 7,273 back