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. |
1 Includes expenses from derecognitions of brand values.
