Covestro Group Consolidated Statement of Cash Flows – Covestro Annual Financial Report on February 26th 2025

Covestro Group Consolidated Statement of Cash Flows

Note 2023 2024
€ million € million
Income after income taxes (202) (272)
Income taxes 11 275 245
Financial result 10 113 114
Income taxes paid (383) (219)
Depreciation, amortization, impairment losses and impairment loss reversals 13 894 984
Change in pension provisions (33) 47
(Gains)/losses on retirements of noncurrent assets (33) (65)
Decrease/(increase) in inventories 278 (322)
Decrease/(increase) in trade accounts receivable 76 184
(Decrease)/increase in trade accounts payable (104) 181
Change in other working capital, other noncash items 116 (7)
Cash flows from operating activities 27.1 997 870
Cash outflows for additions to property, plant, equipment and intangible assets (765) (781)
Cash inflows from sales of property, plant, equipment and other assets 2 76
Cash inflows from divestments less divested cash 55
Cash outflows for noncurrent financial assets (23) (81)
Cash inflows from noncurrent financial assets 41 6
Interest and dividends received 70 61
Cash inflows from other current financial assets /
Cash outflows for other current financial assets
(305) 296
Cash flows from investing activities 27.2 (925) (423)
Acquisition of treasury shares 18 (49)
Dividend payments 18 (4) (1)
Issuances of debt 419 1,195
Repayments of debt (836) (1,609)
Interest paid (169) (150)
Cash flows from financing activities 27.3 (639) (565)
Change in cash and cash equivalents due to business activities (567) (118)
Cash and cash equivalents at beginning of year 1,198 625
Change in cash and cash equivalents due to exchange rate movements (6) 2
Cash and cash equivalents at end of year 625 509