Statement of Cash Flows

(XLSX:) XLS

Statement of cash flows (Million €)

 

Q3

January–September

 

2021

2020

2021

2020

Net income

1,253

–2,122

4,625

–2,115

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

907

3,682

2,655

5,731

Changes in net working capital

–44

767

–2,808

–1,043

Miscellaneous items

–220

–227

–564

739

Cash flows from operating activities

1,896

2,100

3,908

3,312

 

 

 

 

 

Payments made for property, plant and equipment and intangible assets

–819

–736

–2,042

–2,031

Acquisitions/divestitures

–627

2,697

491

1,452

Changes in financial assets and miscellaneous items

–372

–110

–379

–95

Cash flows from investing activities

–1,818

1,851

–1,930

–674

 

 

 

 

 

Capital increases/repayments and other equity transactions

−

−

−

4

Changes in financial and similar liabilities

53

–3,886

–229

3,913

Dividends

–109

–3

–3,261

–3,139

Cash flows from financing activities

–56

–3,889

–3,490

778

 

 

 

 

 

Cash-effective changes in cash and cash equivalentsa

22

62

–1,512

3,416

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

2,877

5,716

4,411

2,362

Cash and cash equivalents at the end of the periodb

2,899

5,778

2,899

5,778

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. Due to the derecognition of the disposal group of the pigments business, cash and cash equivalents since 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). 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.