Statement of Cash Flows

(XLSX:) XLS

Statement of cash flows (Million €)

 

Q3

January–September

 

2020

2019

2020

2019

Net income

(2,122)

911

(2,115)

8,271

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

3,682

963

5,731

3,072

Changes in net working capital

767

727

(1,043)

(177)

Miscellaneous items

(227)

(603)

739

(6,849)

Cash flows from operating activities

2,100

1,998

3,312

4,317

 

 

 

 

 

Payments made for property, plant and equipment and intangible assets

(736)

(926)

(2,031)

(2,648)

Acquisitions/divestitures

2,697

(38)

1,452

2,254

Changes in financial assets and miscellaneous items

(110)

559

(95)

441

Cash flows from investing activities

1,851

(405)

(674)

47

 

 

 

 

 

Capital increases/repayments and other equity transactions

–

–

4

1

Changes in financial and similar liabilities

(3,886)

(1,516)

3,913

(1,730)

Dividends

(3)

(2)

(3,139)

(3,016)

Cash flows from financing activities

(3,889)

(1,518)

778

(4,745)

 

 

 

 

 

Cash-effective changes in cash and cash equivalentsa

62

75

3,416

(381)

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

5,716

2,123

2,362

2,579

Cash and cash equivalents at the end of the periodb

5,778

2,198

5,778

2,198

a

In the first quarter of 2020, BASF SE transferred securities in the amount of €80 million (first quarter of 2019: €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

In 2020 and 2019, cash and cash equivalents presented in the statement of cash flows deviate from the figures in the balance sheet, as the relevant amounts were reclassified in the balance sheet to assets of disposal groups. At the beginning of the 2019 reporting period, the cash and cash equivalents of the oil and gas business (€219 million) were reclassified to the disposal group. There was no deviation from the figure in the balance sheet as of June 30, 2019. There is a deviation as of September 30, 2019, due to the reclassification of cash and cash equivalents in the amount of €8 million to the disposal group for the pigments business. As of January 1, 2020, cash and cash equivalents deviate from the figure in the balance sheet due to the reclassification of cash and cash equivalents to the disposal groups for the construction chemicals business (€21 million) and the pigments business (€7 million). In the balance sheet, €538 million was reclassified to the disposal group for the construction chemicals business, and €12 million to the disposal group for the pigments business as of June 30, 2020. As of September 30, 2020, €258 million was reclassified to the disposal group for the construction chemicals business, and €6 million to the disposal group for the pigments business.