Statement of Cash Flows

(XLSX:) XLS

Statement of cash flows (Million €)

 

Q2

H1

 

2021

2020

2021

2020

Net income

1,654

–878

3,372

7

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

883

1,050

1,748

2,049

Changes in net working capital

9

1,190

–2,764

–1,810

Miscellaneous items

–9

880

–344

966

Cash flows from operating activities

2,537

2,242

2,012

1,212

 

 

 

 

 

Payments made for property, plant and equipment and intangible assets

–767

–726

–1,223

–1,295

Acquisitions/divestitures

1,125

−

1,118

–1,245

Changes in financial assets and miscellaneous items

–35

21

–7

15

Cash flows from investing activities

323

–705

–112

–2,525

 

 

 

 

 

Capital increases/repayments and other equity transactions

−

3

−

4

Changes in financial and similar liabilities

–999

3,470

–282

7,799

Dividends

–3,145

–3,100

–3,152

–3,136

Cash flows from financing activities

–4,144

373

–3,434

4,667

 

 

 

 

 

Cash-effective changes in cash and cash equivalentsa

–1,284

1,910

–1,534

3,354

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

4,153

3,852

4,403

2,408

Cash and cash equivalents at the end of the periodb

2,869

5,762

2,869

5,762

a

In the first quarter of 2020, BASF SE transferred securities in the amount of €80 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 2021 and 2020, 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. The disposal group for the pigments business contained cash and cash equivalents of €5 million as of January 1, 2021, and March 31, 2021. Due to the derecognition of the disposal group of the pigments business, cash and cash equivalents as of June 30, 2021 correspond to the value in the balance sheet. 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). As of March 31, 2020, €24 million was reclassified in the balance sheet 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, €538 million was reclassified to the disposal group for the construction chemicals business, and €12 million to the disposal group for the pigments business.