Covestro Group Consolidated Statement of Cash Flows
| 1st quarter 2023 |
1st quarter 2024 |
|
| € million | € million | |
| Income after income taxes | (27) | (37) |
| Income taxes | 37 | 68 |
| Financial result | 29 | 30 |
| Income taxes paid | (22) | (38) |
| Depreciation, amortization and impairment losses and impairment loss reversals | 247 | 212 |
| Change in pension provisions | (10) | (11) |
| (Gains)/losses on retirements of noncurrent assets | – | (3) |
| Decrease/(increase) in inventories | (81) | (184) |
| Decrease/(increase) in trade accounts receivable | (148) | (85) |
| (Decrease)/increase in trade accounts payable | (28) | 40 |
| Changes in other working capital, other noncash items | (16) | (15) |
| Cash flows from operating activities | (19) | (23) |
| Cash outflows for additions to property, plant, equipment and intangible assets | (120) | (106) |
| Cash inflows from sales of property, plant, equipment and other assets | 1 | 4 |
| Cash outflows for noncurrent financial assets | (2) | (4) |
| Interest and dividends received | 18 | 17 |
| Cash inflows from/(Cash outflows for) other current financial assets | (176) | 246 |
| Cash flows from investing activities | (279) | 157 |
| Dividend payments | (2) | – |
| Issuances of debt | 271 | 28 |
| Retirements of debt | (188) | (77) |
| Interest paid | (34) | (26) |
| Cash flows from financing activities | 47 | (75) |
| Change in cash and cash equivalents due to business activities | (251) | 59 |
| Cash and cash equivalents at beginning of period | 1,198 | 625 |
| Change in cash and cash equivalents due to exchange rate movements | 2 | – |
| Cash and cash equivalents at end of period | 949 | 684 |