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. back next