Covestro Group Consolidated Statement of Cash Flows

2nd quarter 2024 2nd quarter 2025 1st half
2024
1st half
2025
€ million € million € million € million
Income after income taxes (74) (59) (111) (220)
Income taxes 126 70 194 90
Financial result 29 38 59 82
Income taxes paid (42) (51) (80) (85)
Depreciation, amortization and impairment losses and impairment loss reversals 239 221 451 455
Change in pension provisions (8) 16 (19) (2)
(Gains)/losses on retirements of noncurrent assets (4) (20) (7) (21)
Decrease/(increase) in inventories (67) 176 (251) 41
Decrease/(increase) in trade accounts receivable (69) 21 (154) (237)
(Decrease)/increase in trade accounts payable 15 (339) 55 (118)
Changes in other working capital, other noncash items (126) (116) (141) (101)
Cash flows from operating activities 19 (43) (4) (116)
Cash outflows for additions to property, plant, equipment and intangible assets (166) (185) (272) (365)
Cash inflows from sales of property, plant, equipment and other assets 11 21 15 21
Cash inflows from divestments less divested cash 6 6
Cash outflows for noncurrent financial assets (40) (5) (44) (10)
Interest and dividends received 13 13 30 23
Cash inflows from/(Cash outflows for) other current financial assets (193) 53 19
Cash flows from investing activities (375) (150) (218) (306)
Issuances of debt 381 449 409 1,054
Retirements of debt (103) (470) (180) (580)
Interest paid (34) (31) (60) (58)
Cash flows from financing activities 244 (52) 169 416
Change in cash and cash equivalents due to business activities (112) (245) (53) (6)
Cash and cash equivalents at beginning of period 684 742 625 509
Change in cash and cash equivalents due to exchange rate movements (3) (8) (3) (14)
Cash and cash equivalents at end of period 569 489 569 489