BASF Report 2021

Statement of Cash Flows

BASF Group

Statement of cash flowsa (Million €)

 

2021

2020

Net income

5,523

–1,060

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

3,687

6,751

Changes in inventories

–3,304

849

Changes in receivables

–1,272

–2,176

Changes in operating liabilities and other provisions

3,010

927

Changes in pension provisions, defined benefit assets and other items

213

137

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

–611

–15

Cash flows from operating activities

7,245

5,413

 

 

 

Payments made for property, plant and equipment and intangible assets

–3,532

–3,129

Payments made for financial assets and securities

–994

–877

Payments made for acquisitions

–600

–1,240

Payments received for divestitures

1,030

2,520

Payments received from the disposal of noncurrent assets and securities

1,474

822

Cash flows from investing activities

–2,622

–1,904

 

 

 

Capital increases/repayments and other equity transactions

3

Additions to financial and similar liabilities

7,627

15,135

Repayment of financial and similar liabilities

–10,772

–13,555

Dividends paid

 

 

To shareholders of BASF SE

–3,031

–3,031

noncontrolling interests

–281

–108

Cash flows from financing activities

–6,457

–1,556

Cash-effective changes in cash and cash equivalents

–1,834

1,953

 

 

 

Changes in cash and cash equivalents

 

 

From foreign exchange rates

131

–81

changes in the scope of consolidation

–7

8

Cash and cash equivalents at the beginning of the yearb

4,335

2,455

Cash and cash equivalents at the end of the yearb

2,624

4,335

a

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

b

In 2021 and 2020, 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.