BASF Group Q3 2019 (XLS:) Download Q3 January–September 2019 2018 +/– 2019 2018 +/– a Amortization of intangible assets and depreciation of property, plant and equipment (including impairments and reversals of impairments) b Additions to intangible assets and property, plant and equipment Sales million € 15,231 15,606 (2%) 46,566 47,089 (1%) Income from operations before depreciation, amortization and special items million € 2,084 2,263 (8%) 6,722 7,985 (16%) Income from operations before depreciation and amortization (EBITDA) million € 2,339 2,190 7% 6,754 7,830 (14%) Depreciation and amortizationa million € 963 795 21% 3,072 2,266 36% Income from operations (EBIT) million € 1,376 1,395 (1%) 3,682 5,564 (34%) Special items million € 257 (75) . (214) (159) (35%) EBIT before special items million € 1,119 1,470 (24%) 3,896 5,723 (32%) Financial result million € (170) (138) (23%) (570) (511) (12%) Income before income taxes million € 1,206 1,257 (4%) 3,112 5,053 (38%) Income after taxes from continuing operations million € 935 1,032 (9%) 2,383 3,974 (40%) Income after taxes from discontinued operations million € − 235 − 6,427 574 . Net income million € 911 1,200 (24%) 8,777 4,359 101% Earnings per share € 1.00 1.31 (24%) 9.56 4.75 101% Adjusted earnings per share € 0.86 1.51 (43%) 3.33 5.21 (36%) Research and development expenses million € 540 509 6% 1,577 1,377 15% Personnel expenses million € 2,584 2,633 (2%) 8,352 7,940 5% Number of employees (September 30) 118,648 122,230 (3%) 118,648 122,230 (3%) Assets (September 30) million € 89,591 85,579 5% 89,591 85,579 5% Investments including acquisitionsb million € 1,018 8,053 (87%) 2,793 9,548 (71%) Equity ratio (September 30) % 46.2 42.8 . 46.2 42.8 . Net debt (September 30) million € 17,804 18,026 (1%) 17,804 18,026 (1%) Cash flows from operating activities million € 1,998 2,930 (32%) 4,317 6,385 (32%) Free cash flow million € 1,072 1,951 (45%) 1,669 3,957 (58%) next