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2021 Annual Report

Progress Arises from Change.

2021 Annual Report

 

Consolidated Statement of Cash Flows

1 2 3 4 5

The spin-off of parts of the former Powertrain segment has resulted in the application of IFRS 5, Non-current Assets Held for Sale and Discontinued Operations. These parts make up most of the discontinued operations.

The items in the consolidated statement of cash flows show the figures for the Continental Group as a whole in the reporting and comparative periods. In addition, cash flow arising from operating activities, investing activities and financing activities is shown separately for continuing operations and discontinued operations.

€ millions See Note 2021 2020
Net income   1,506.9 -918.8
Income tax expense 13 521.9 -11.3
Financial result 12 131.0 212.0
EBIT   2,159.8 -718.1
Interest paid   -165.4 -169.4
Interest received   46.8 32.8
Income tax paid 13, 32 -751.2 -885.5
Dividends received   31.0 31.3
Depreciation, amortization, impairment and reversal of impairment losses 9, 15, 16, 17 2,415.0 3,751.91
Income from equity-accounted investees and other investments, incl. impairment and reversal of impairment losses 11, 19 -10.6 22.9
Gains/losses from the disposal of assets, companies and business operations   -295.6 -187.7
Changes in  
   inventories 24 -1,417.7 205.6
   trade accounts receivable 25 31.2 140.2
   trade accounts payable 36 941.4 -925.0
   employee benefits and other provisions 30, 31 146.8 1,121.5
   other assets and liabilities   -177.1 293.5
Cash flow arising from operating activities   2,954.4 2,714.0
Cash flow arising from operating activities – continuing operations   2,490.5 2,718.9
Cash flow arising from operating activities – discontinued operations   463.9 -4.9
       
Cash flow from the disposal of assets 15, 16 77.7 57.6
Capital expenditure on property, plant and equipment, and software 15, 16 -1,825.8 -1,942.4
Capital expenditure on intangible assets from development projects and miscellaneous 15 -52.0 -183.7
Cash flow from the disposal of companies and business operations 5 342.8 304.3
Acquisition of companies and business operations 5 -124.7 -71.1
Cash flow arising from investing activities   -1,582.0 -1,835.3
Cash flow arising from investing activities – continuing operations   -1,420.2 -1,401.9
Cash flow arising from investing activities – discontinued operations   -161.8 -433.4
   
Cash flow before financing activities (free cash flow)   1,372.4 878.7
Net cash change in short-term indebtedness 33 -1,099.1 -2,557.7
Cash change in long-term indebtedness 33 16.6 2,160.7
Other cash changes   -44.9 81.9
Successive purchases 5 -172.8
Dividends paid   -600.0
Dividends paid to and cash changes from equity transactions with non-controlling interests   -29.3 -52.7
Cash flow arising from financing activities   -1,156.7 -1,140.6
Cash flow arising from financing activities – continuing operations   -1,134.0 -1,136.2
Cash flow arising from financing activities – discontinued operations   -22.7 -4.4
   
Change in cash and cash equivalents   215.7 -261.9
Cash and cash equivalents at the beginning of the reporting period   2,938.7 3,341.8
Effect of exchange-rate changes on cash and cash equivalents   96.1 -141.2
Cash and cash equivalents from continuing and discontinued operations   3,250.5 2,938.7
Less cash and cash equivalents from discontinued operations at the time of disposal   -981.4 n. a.
Cash and cash equivalents from continuing operations at the end of the reporting period 26 2,269.1 n. a.
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1 Includes expenses from derecognitions of brand values.