Covestro Group Consolidated Statement of Cash Flows

3rd quarter 2024 3rd quarter 2025 1st nine months
2024
1st nine months
2025
€ million € million € million € million
Income after income taxes 31 (46) (80) (266)
Income taxes 21 37 215 127
Financial result 24 34 83 116
Income taxes paid (73) (60) (153) (145)
Depreciation, amortization and impairment losses and impairment loss reversals 211 217 662 672
Change in pension provisions (8) (10) (27) (12)
(Gains)/losses on retirements of noncurrent assets (6) (25) (13) (46)
Gain on bargain purchase acquisition (11) (11)
Decrease/(increase) in inventories (21) 43 (272) 84
Decrease/(increase) in trade accounts receivable 77 151 (77) (86)
(Decrease)/increase in trade accounts payable 29 (46) 84 (164)
Changes in other working capital, other noncash items (23) 18 (164) (83)
Cash flows from operating activities 262 302 258 186
Cash outflows for additions to property, plant, equipment and intangible assets (150) (191) (422) (556)
Cash inflows from sales of property, plant, equipment and other assets 7 28 22 49
Cash inflows from divestments less divested cash 2 8
Cash outflows for noncurrent financial assets (18) (3) (62) (13)
Cash outflows for acquisitions less acquired cash (27) (27)
Interest and dividends received 19 9 49 32
Cash inflows from other current financial assets 48 18 101 37
Cash flows from investing activities (94) (164) (312) (470)
Issuances of debt 585 492 994 1,546
Retirements of debt (747) (492) (927) (1,072)
Interest paid (30) (20) (90) (78)
Cash flows from financing activities (192) (20) (23) 396
Change in cash and cash equivalents due to business activities (24) 118 (77) 112
Cash and cash equivalents at beginning of period 569 489 625 509
Change in cash and cash equivalents due to exchange rate movements (6) (3) (9) (17)
Cash and cash equivalents at end of period 539 604 539 604