Covestro Group Consolidated Statement of Cash Flows – Covestro Half Year Financial Report on July 30th 2024

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