Statement of Cash Flows

BASF Group

Statement of cash flowsa (Million €)

 

2020

2019

Net income

–1,060

8,421

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

6,751

4,218

Changes in inventories

849

479

Changes in receivables

–2,176

25

Changes in operating liabilities and other provisions

927

906

Changes in pension provisions, defined benefit assets and other items

137

–5,941

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

–15

–634

Cash flows from operating activities

5,413

7,474

 

 

 

Payments made for property, plant and equipment and intangible assets

–3,129

–3,824

Payments made for financial assets and securities

–877

–1,126

Payments made for acquisitions

–1,240

–239

Payments received for divestitures

2,520

2,600

Payments received from the disposal of noncurrent assets and securities

822

1,399

Cash flows from investing activities

–1,904

–1,190

 

 

 

Capital increases/repayments and other equity transactions

3

1

Additions to financial and similar liabilities

15,135

10,357

Repayment of financial and similar liabilities

–13,555

–13,699

Dividends paid

 

 

To shareholders of BASF SE

–3,031

–2,939

noncontrolling interests

–108

–125

Cash flows from financing activities

–1,556

–6,405

Cash-effective changes in cash and cash equivalents

1,953

–121

 

 

 

Changes in cash and cash equivalents

 

 

From foreign exchange rates

–81

37

changes in the scope of consolidation

8

20

Cash and cash equivalents at the beginning of the yearb

2,455

2,519

Cash and cash equivalents at the end of the yearb

4,335

2,455

a

The statement of cash flows is explained in the Management’s Report (Financial Position).

b

In 2020 and 2019, cash and cash equivalents presented in the statement of cash flows deviate from the figures in the balance sheet. For explanations and other disclosures on the statement of cash flows, see Note 27.