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2019 Annual Report

 

TRANSFORMATION

2019 Annual Report

Continental Corporation - 2018 Annual Report
 

Consolidated Statement of Cash Flows

1 2 3 4 5
€ millions See Note 2019 2018
Net income   -1,171.0 2,958.3
Income tax expense 12 582.4 891.6
Financial result 11 320.3 177.8
EBIT   -268.3 4,027.7
Interest paid1   -157.9 -130.4
Interest received1   75.0 39.1
Income tax paid1 12, 28 -866.0 -848.1
Dividends received   67.3 45.0
Depreciation, amortization, impairment and reversal of impairment losses 8, 13, 14, 16 5,245.5 2,208.0
Income from equity-accounted investees and other investments, incl. impairment and reversal of impairment losses 10, 17 123.8 -70.4
Gains/losses from the disposal of assets, companies and business operations   -15.5 -176.0
Changes in  
   inventories 22 -49.1 -358.4
   trade accounts receivable1 23 337.8 -11.5
   trade accounts payable1 33 -544.7 430.1
   employee benefits and other provisions 27 658.3 -232.1
   other assets and liabilities1   -191.8 54.2
Cash flow arising from operating activities   4,414.4 4,977.2
       
Cash flow from the disposal of assets 13, 14 53.9 64.0
Capital expenditure on property, plant and equipment, and software 13, 14 -2,977.5 -3,124.4
Capital expenditure on intangible assets from development projects and miscellaneous 13 -242.8 -161.0
Cash flow from the disposal of companies and business operations 5 1.3 13.1
Acquisition of companies and business operations 5 -487.6 -417.9
Cash flow arising from investing activities   -3,652.7 -3,626.2
   
Cash flow before financing activities (free cash flow)   761.7 1,351.0
Net cash change in short-term indebtedness 30 -1,049.5 453.7
Cash change in long-term indebtedness 30 1,907.5 13.9
Other cash changes   -24.9 23.7
Successive purchases   -71.0 -19.2
Dividends paid   -950.0 -900.0
Dividends paid to and cash changes from equity transactions with non-controlling interests   -32.5 -45.4
Cash and cash equivalents arising from the first-time consolidation of subsidiaries   0.4 2.0
Cash flow arising from financing activities   -220.0 -471.3
   
Change in cash and cash equivalents   541.7 879.7
Cash and cash equivalents as at January 1   2,761.4 1,881.5
Effect of exchange-rate changes on cash and cash equivalents   38.7 0.2
Cash and cash equivalents as at December 31 24 3,341.8 2,761.4
Download Tabellenübersicht (MS-Excel)

IFRS 16, Leases, was adopted on and has been applied since January 1, 2019. It is applied using the modified retrospective approach, under which the previous year’s figures are not adjusted. As a result, some of these figures are not comparable with the prior-year period.

1 The previous year’s figures have been adjusted due to the change in recognition of interest and penalties on income taxes. To increase transparency, receivables from and liabilities to related parties have been reclassified from changes in other assets and liabilities to changes in trade accounts receivable and payable, beginning in the 2019 fiscal year. The figures from the comparative period have been adjusted accordingly.

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