Statement of Cash Flows

LANXESS Group

 
 
€ million Note 2012 2013
       
Income (loss) before income taxes   660 (239)
Amortization, depreciation and write-downs of intangible assets and property, plant and equipment   378 717
Gains on disposals of intangible assets and property, plant and equipment   0 (2)
Income from investments accounted for using the equity method   (1) 0
Financial losses   113 111
Income taxes paid   (109) (41)
Changes in inventories   (164) 186
Changes in trade receivables   8 5
Changes in trade payables   38 (81)
Changes in other assets and liabilities   (85) (15)
Net cash provided by operating activities   838 641
       
Cash outflows for purchases of intangible assets and property, plant and equipment   (696) (624)
Cash inflows from financial assets   41 290
Cash outflows for the acquisition of subsidiaries and other businesses, less acquired cash and cash equivalents and net of subsequent purchase price adjustments   (44) (15)
Cash inflows from sales of intangible assets and property, plant and equipment   5 5
Interest and dividends received   20 2
Net cash used in investing activities (36) (674) (342)
       
Proceeds from borrowings   893 105
Repayments of borrowings   (652) (163)
Interest paid and other financial disbursements   (123) (119)
Dividend payments   (72) (83)
Net cash provided by (used in) financing activities (36) 46 (260)
       
Change in cash and cash equivalents from business activities   210 39
Cash and cash equivalents as of January 1   178 386
Exchange differences and other changes in cash and cash equivalents   (2) 2
Cash and cash equivalents as of December 31 (36) 386 427
2012 figures restated