Annual Report 2022

Pink patterns (graphic)

Covestro Group Consolidated Statement of Cash Flows

 

 

 

 

 

 

 

 

 

Note

 

2021

 

2022

 

 

 

 

€ million

 

€ million

Income after income taxes

 

 

 

1,619

 

(281)

Income taxes

 

11

 

566

 

411

Financial result

 

10

 

77

 

137

Income taxes paid

 

 

 

(546)

 

(538)

Depreciation, amortization, impairment losses and impairment loss reversals

 

13, 14

 

823

 

1,350

Change in pension provisions

 

 

 

31

 

54

(Gains)/losses on retirements of noncurrent assets

 

 

 

(3)

 

(3)

Decrease/(increase) in inventories

 

 

 

(987)

 

148

Decrease/(increase) in trade accounts receivable

 

 

 

(462)

 

377

(Decrease)/increase in trade accounts payable

 

 

 

722

 

(213)

Change in other working capital, other noncash items

 

 

 

353

 

(472)

Cash flows from operating activities

 

27.1

 

2,193

 

970

 

 

 

 

 

 

 

Cash outflows for additions to property, plant, equipment and intangible assets

 

 

 

(764)

 

(832)

Cash inflows from sales of property, plant, equipment and other assets

 

 

 

11

 

21

Cash inflows from divestments less divested cash

 

 

 

12

 

6

Cash outflows for noncurrent financial assets

 

 

 

(34)

 

(124)

Cash inflows from noncurrent financial assets

 

 

 

25

 

3

Cash outflows for acquisitions less acquired cash

 

 

 

(1,469)

 

Interest and dividends received

 

 

 

36

 

75

Cash inflows from other current financial assets

 

 

 

188

 

374

Cash flows from investing activities

 

27.2

 

(1,995)

 

(477)

 

 

 

 

 

 

 

Acquisition of treasury shares

 

19

 

 

(150)

Issuance of treasury shares

 

19

 

2

 

8

Dividend payments and withholding tax on dividends

 

19

 

(262)

 

(654)

Issuances of debt

 

 

 

51

 

2,069

Retirements of debt

 

 

 

(675)

 

(1,074)

Interest paid

 

 

 

(81)

 

(131)

Cash outflows for the purchase of additional interests in subsidiaries

 

 

 

 

(4)

Cash flows from financing activities

 

27.3

 

(965)

 

64

 

 

 

 

 

 

 

Change in cash and cash equivalents due to business activities

 

 

 

(767)

 

557

 

 

 

 

 

 

 

Cash and cash equivalents at beginning of year

 

 

 

1,404

 

649

Change in cash and cash equivalents due to exchange rate movements

 

 

 

12

 

(8)

Cash and cash equivalents at end of year

 

 

 

649

 

1,198

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