Covestro Group Consolidated Statement of Cash Flows
| 2nd quarter 2023 | 2nd quarter 2024 | 1st half 2023 |
1st half 2024 | |
| € million | € million | € million | € million | |
| Income after income taxes | 45 | (74) | 18 | (111) |
| Income taxes | 85 | 126 | 122 | 194 |
| Financial result | 36 | 29 | 65 | 59 |
| Income taxes paid | (95) | (42) | (117) | (80) |
| Depreciation, amortization and impairment losses and impairment loss reversals | 219 | 239 | 466 | 451 |
| Change in pension provisions | (7) | (8) | (17) | (19) |
| (Gains)/losses on retirements of noncurrent assets | (34) | (4) | (34) | (7) |
| Decrease/(increase) in inventories | (38) | (67) | (119) | (251) |
| Decrease/(increase) in trade accounts receivable | 47 | (69) | (101) | (154) |
| (Decrease)/increase in trade accounts payable | (169) | 15 | (197) | 55 |
| Changes in other working capital, other noncash items | 60 | (126) | 44 | (141) |
| Cash flows from operating activities | 149 | 19 | 130 | (4) |
| Cash outflows for additions to property, plant, equipment and intangible assets | (159) | (166) | (279) | (272) |
| Cash inflows from sales of property, plant, equipment and other assets | 1 | 11 | 2 | 15 |
| Cash inflows from divestments less divested cash | 51 | – | 51 | – |
| Cash outflows for noncurrent financial assets | (6) | (40) | (8) | (44) |
| Cash inflows from noncurrent financial assets | 41 | – | 41 | – |
| Interest and dividends received | 16 | 13 | 34 | 30 |
| Cash inflows from/(Cash outflows for) other current financial assets | (123) | (193) | (299) | 53 |
| Cash flows from investing activities | (179) | (375) | (458) | (218) |
| Acquisition of treasury shares | (49) | – | (49) | – |
| Dividend payments | – | – | (2) | – |
| Issuances of debt | 31 | 381 | 302 | 409 |
| Retirements of debt | (121) | (103) | (309) | (180) |
| Interest paid | (34) | (34) | (68) | (60) |
| Cash flows from financing activities | (173) | 244 | (126) | 169 |
| Change in cash and cash equivalents due to business activities | (203) | (112) | (454) | (53) |
| Cash and cash equivalents at beginning of period | 949 | 684 | 1,198 | 625 |
| Change in cash and cash equivalents due to exchange rate movements | (5) | (3) | (3) | (3) |
| Cash and cash equivalents at end of period | 741 | 569 | 741 | 569 |