| Operating: |
|
|
|
|
| Net income |
|
1,704 |
|
2,190 |
| Adjustments to reconcile net income to operating cash flows: |
|
|
|
|
| Deferred income taxes (net) |
|
320 |
|
218 |
| Depreciation, amortization and impairment of non-current assets |
|
1,655 |
|
1,534 |
| Reversals of impairment losses of non-current assets |
|
(7) |
|
(7) |
| (Earnings)/losses from companies accounted for using the equity method, net of dividends received |
|
(21) |
|
(46) |
| (Gain)/loss on disposal of assets |
|
(35) |
|
(68) |
| Changes in assets and liabilities, net of effects of acquisitions and divestitures: |
|
|
|
|
| -inventories |
|
(606) |
|
(1,374) |
| -trade accounts receivable |
|
(603) |
|
(397) |
| -accrued pensions and similar obligations |
|
(17) |
|
(284) |
| -other accrued liabilities |
|
130 |
|
31 |
| -trade accounts payable |
|
717 |
|
321 |
| -other assets/liabilities not related to investing or financing activities |
|
230 |
|
102 |
| Operating cash flows |
|
3,467 |
|
2,220 |
| |
|
|
|
|
| Investing: |
|
|
|
|
| Purchase of investments accounted for using the equity method and financial assets |
|
(214) |
|
(37) |
| Expenditures for acquisitions of consolidated companies |
|
(242) |
|
(91) |
| Cash acquired from acquisitions |
|
37 |
|
4 |
| Capital expenditures for property, plant and equipment and investment property |
|
(1,473) |
|
(2,700) |
| Capital expenditures for intangible assets |
|
(148) |
|
(173) |
| Proceeds from disposals of investments accounted for using the equity method and financial assets |
|
59 |
|
111 |
| Proceeds from disposals of previously consolidated companies |
|
119 |
|
143 |
| Cash of disposed businesses |
|
(27) |
|
(20) |
| Proceeds from disposals of property, plant and equipment and investment property |
|
172 |
|
414 |
| Proceeds from disposals of intangible assets |
|
21 |
|
25 |
| Cash flows from investing activities |
|
(1,696) |
|
(2,324) |
| |
|
|
|
|
| Financing: |
|
|
|
|
| Repayment of bonds |
|
(810) |
|
0 |
| Proceeds from liabilities to financial institutions |
|
697 |
|
1,016 |
| Repayments of liabilities to financial institutions |
|
(963) |
|
(968) |
| Repayments on notes payable and other loans |
|
(2) |
|
(142) |
| Increase in bills of exchange |
|
3 |
|
5 |
| Decrease of liabilities due to sales of receivables not derecognized from the balance sheet |
|
(90) |
|
(31) |
| Decrease/(increase) in current securities |
|
5 |
|
(30) |
| Proceeds from treasury shares sold |
|
268 |
|
0 |
| Payments to repurchase shares |
|
(697) |
|
0 |
| Payment of ThyssenKrupp AG dividend |
|
(412) |
|
(489) |
| Profit distributions to entities outside the Group |
|
(27) |
|
(32) |
| Other financing activities |
|
16 |
|
1 |
| Cash flows from financing activities |
|
(2,012) |
|
(670) |
| Net decrease in cash and cash equivalents |
|
(241) |
|
(774) |
| |
|
|
|
|
| Effect of exchange rate changes on cash and cash equivalents |
|
(27) |
|
(15) |
| |
|
|
|
|
| Cash and cash equivalents at beginning of year |
|
4,715 |
|
4,447 |
| Cash and cash equivalents at end of year |
|
4,447 |
|
3,658 |
| [thereof cash and cash equivalents within the disposal groups] |
|
[1] |
|
[0] |
| |
|
|
|
|
| Additional information regarding cash flows from interest, dividends and income taxes which are included in operating cash flows: |
|
|
|
|
| Interest received |
|
128 |
|
149 |
| Interest paid |
|
279 |
|
242 |
| Dividends received |
|
8 |
|
21 |
| Income taxes paid |
|
405 |
|
1,048 |