Annual Report 2020

Consolidated Statement of Cash Flows

for the period from January 1 to December 31, 2020

Consolidated statement of cash flows (in EUR thousand)

 

 

Notes

 

2020

 

2019

 

 

(23)

 

 

 

 

Net income

 

 

 

(219,182)

 

205,243

Depreciation/amortization

 

(8)

 

465,327

 

362,463

Unrealized net foreign exchange gain/loss

 

 

 

20,635

 

(3,687)

Other non-cash transactions

 

 

 

(984)

 

1,093

Income tax expense/refund

 

(5)

 

(54,054)

 

100,350

Interest income and expenses

 

(4)

 

26,167

 

31,465

Change in inventories

 

 

 

(5,410)

 

3,514

Change in receivables and other assets

 

 

 

64,983

 

8,666

Change in trade payables and other liabilities

 

 

 

(44,233)

 

37,767

Result from disposal of non-current assets

 

 

 

(1,651)

 

(1,192)

Change in provisions for pensions

 

(19)

 

(7,527)

 

(11,838)

Change in other provisions

 

 

 

27,454

 

(5,218)

Income taxes paid

 

 

 

(31,613)

 

(76,909)

Cash flow from operating activities

 

 

 

239,912

 

651,717

Investments in property, plant and equipment

 

(8)

 

(58,469)

 

(157,633)

Investments in intangible assets

 

(8)

 

(19,611)

 

(33,680)

Acquisition of subsidiaries and other business entities

 

 

 

1,961

 

0

Acquisition of groups of assets

 

 

 

0

 

(3,872)

Cash receipts from sales of property, plant and equipment and intangible assets

 

 

 

370

 

435

Cash flow from investing activities

 

 

 

(75,749)

 

(194,750)

Dividends paid to equity holders of the parent company

 

(16)

 

(2,761)

 

(186,344)

Change in current financial liabilities

 

(22)

 

(56,632)

 

(107)

Cash receipts from non-current financial liabilities

 

(22)

 

104,793

 

0

Repayment of non-current financial liabilities

 

(22)

 

0

 

(35,000)

Cash outflows of rent payments

 

 

 

(187,466)

 

(227,394)

Interest paid

 

 

 

(27,512)

 

(24,926)

Interest received

 

 

 

2,284

 

1,623

Cash flow from financing activities

 

 

 

(167,294)

 

(472,148)

Exchange-rate related changes in cash and cash equivalents

 

 

 

(4,218)

 

1,089

Change in cash and cash equivalents

 

 

 

(7,349)

 

(14,092)

Cash and cash equivalents at the beginning of the period

 

 

 

132,626

 

146,717

Cash and cash equivalents at the end of the period

 

(14)

 

125,277

 

132,625

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