Condensed consolidated cash flow statement
| 1st half ended March 31, 2007 |
1st half ended March 31, 2008 |
|||
|---|---|---|---|---|
| Operating: | ||||
| Net income | 905 | 937 | ||
| Adjustments to reconcile net income to operating cash flows: | ||||
| Deferred income taxes (net) | 137 | 59 | ||
| Depreciation, amortization and impairment of non-current assets | 710 | 700 | ||
| Reversals of impairment losses of non-current assets | (10) | (16) | ||
| (Earnings)/losses from companies accounted for using the equity method, net of dividends received | (25) | (31) | ||
| (Gain)/loss on disposal of non-current assets | (21) | (36) | ||
| Changes in assets and liabilities, net of effects of acquisitions and divestitures: | ||||
| - inventories | (1,604) | (245) | ||
| - trade accounts receivable | (796) | (145) | ||
| - accrued pension and similar obligations | (280) | (109) | ||
| - other provisions | (131) | (207) | ||
| - trade accounts payable | 183 | (127) | ||
| - other assets/liabilities not related to investing or financing activities | 864 | 53 | ||
| Operating cash flows | (68) | 833 | ||
| Investing: | ||||
| Purchase of investments accounted for using the equity method and financial assets | (45) | (19) | ||
| Expenditures for acquisitions of consolidated companies | (41) | (177) | ||
| Cash acquired from acquisitions | 2 | 54 | ||
| Capital expenditures for property, plant and equipment and investment property | (1,248) | (1,689) | ||
| Capital expenditures for intangible assets | (49) | (72) | ||
| Proceeds from disposals of investments accounted for using the equity method and financial assets | 36 | 2 | ||
| Proceeds from disposals of previously consolidated companies | 138 | 88 | ||
| Cash of disposed businesses | (19) | (16) | ||
| Proceeds from disposals of property, plant and equipment and investment property | 136 | 42 | ||
| Proceeds from disposals of intangible assets | 21 | 4 | ||
| Cash flows from investing activities | (1,069) | (1,783) | ||
| Financing: | ||||
| Proceeds from liabilities to financial institutions | 509 | 699 | ||
| Repayments of liabilities to financial institutions | (627) | (462) | ||
| Proceeds from notes payable and other loans | 1 | 219 | ||
| Increase in bills of exchange | 8 | 9 | ||
| Decrease of liabilities due to sales of receivables not derecognized from the balance sheet | (15) | (4) | ||
| (Increase)/decrease in current securities | (67) | 30 | ||
| Payments to repurchase shares | 0 | (523) | ||
| Payment of ThyssenKrupp AG dividend | (489) | (635) | ||
| Profit attributable to minority interest | (17) | (25) | ||
| Other financing activities | 12 | (8) | ||
| Cash flows from financing activities | (685) | (700) | ||
| Net decrease in cash and cash equivalents | (1,822) | (1,650) | ||
| Effect of exchange rate changes on cash and cash equivalents | (9) | (38) | ||
| Cash and cash equivalents at beginning of reporting period | 4,447 | 3,658 | ||
| Cash and cash equivalents at end of reporting period | 2,616 | 1,970 | ||
| Additional information regarding cash flows from interest, dividends and income taxes which are included in operating cash flows: | ||||
| Interest received | 67 | 68 | ||
| Interest paid | 185 | 181 | ||
| Dividends received | 16 | 18 | ||
| Income taxes paid | 430 | 369 |