THYSSENKRUPP AG
CONSOLIDATED CASH FLOW STATEMENT


million €
See Note (35) to the consolidated financial statements.

 

 

  

Year ended
Sept. 30, 2005

  

Year ended
Sept. 30, 2006

Operating:

 

  

 

  

 

Net income

 

  

1,079

  

1,704

Adjustments to reconcile net income to operating cash flows:

 

  

 

  

 

Deferred income taxes (net)

 

  

371

  

320

Depreciation, amortization and impairment of non-current assets

 

  

2,107

  

1,655

Reversals of impairment losses of non-current assets

 

  

0

  

(7)

(Earnings)/losses from companies accounted for using the equity method, net of dividends received

 

  

(30)

  

(21)

(Gain)/loss on disposal of assets

 

  

(2)

  

(35)

(Gain)/loss on disposal of discontinued operations

 

  

(877)

  

(0)

Changes in assets and liabilities, net of effects of acquisitions and divestitures:

 

  

 

  

 

- inventories

 

  

(1,314)

  

(595)

- trade accounts receivable

 

  

(219)

  

(603)

- accrued pensions and similar obligations

 

  

(2)

  

(17)

- other accrued liabilities

 

  

156

  

130

- trade accounts payable

 

  

397

  

717

- other assets/liabilities not related to investing or financing activities

 

  

685

  

219

Operating Cash-Flow

 

  

2,351

  

3,467

 

 

  

 

  

 

Investing:

 

  

 

  

 

Purchase of investments accounted for using the equity method and financial assets

 

  

(42)

  

(214)

Expenditures for acquisitions of consolidated companies

 

  

(294)

  

(242)

Cash acquired from acquisitions

 

  

344

  

37

Capital expenditures for property, plant and equipment and investment property

 

  

(1,463)

  

(1,473)

Capital expenditures for intangible assets

 

  

(104)

  

(148)

Proceeds from disposals of investments accounted for using the equity method and financial assets

 

  

106

  

59

Proceeds from disposals of previously consolidated companies

 

  

2,229

  

119

Cash of disposed businesses

 

  

(11)

  

(27)

Proceeds from disposals of property, plant and equipment and investment property

 

  

147

  

172

Proceeds from disposals of intangible assets

 

  

9

  

21

Cash flows from investing activities

 

  

921

  

(1,696)

 

 

  

 

  

 

Financing:

 

  

 

  

 

Proceeds from issuance of bonds

 

  

754

  

0

Repayment of bonds

 

  

(9)

  

(810)

Proceeds from liabilities to financial institutions

 

  

692

  

697

Repayments of liabilties to financial institutions

 

  

(885)

  

(963)

Repayments on notes payable and other loans

 

  

(19)

  

(2)

Increase/(decrease) in bills of exchange

 

  

(24)

  

3

Decrease of liabilities due to sales of receivables not derecognized from the balance sheet

 

  

(126)

  

(90)

Decrease/(increase) in current securities

 

  

(61)

  

5

Proceeds from treasury shares sold

 

  

12

  

268

Payments to repurchase shares

 

  

0

  

(697)

Payment of ThyssenKrupp AG dividend from the preceding year

 

  

(299)

  

(412)

Profit distributions to entities outside the Group

 

  

(36)

  

(27)

Other financing activities

 

  

(2)

  

16

Cash flows from financing activities

 

  

(3)

  

(2,012)

 

 

  

 

  

 

Effect of exchange rate changes on cash and cash equivalents

 

  

51

  

(27)

Net increase/(decrease) in cash and cash equivalents

 

  

3,320

  

(268)

 

 

  

 

  

 

Cash and cash equivalents at beginning of year

 

  

1,395

  

4,715

Cash and cash equivalents at end of year

 

  

4,715

  

4,447

[thereof cash and cash equivalents within the disposal groups/discontinued operations]

 

  

[90]

  

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