Cash Flow Statement
Download Cash Flow Statement (Cash_Flow_Statement.xls)
| Note | 2005 | 2006 | |
|---|---|---|---|
€ million |
|
|
|
Income (loss) before income taxes |
| (117) | 287 |
Depreciation and amortization |
| 313 | 262 |
Loss from investment in associate |
| 35 | 16 |
Gains on retirements of property, plant and equipment |
| (1) | (2) |
Financial losses |
| 72 | 21 |
Income taxes paid |
| (25) | (68) |
Change in inventories |
| 141 | (83) |
Changes in trade receivables |
| 121 | 15 |
Changes in trade payables |
| (156) | (50) |
Changes in other assets and liabilities |
| 241 | 11 |
Net cash provided by operating activities | [33] | 624 | 409 |
|
|
|
|
Cash outflow for additions to intangible assets, property, plant and equipment |
| (251) | (267) |
Cash outflows for financial assets |
| (8) | (78) |
Cash inflow from sales of intangible assets, property, plant and equipment |
| 8 | 13 |
Cash inflows from divestments of subsidiaries and other businesses, less divested cash |
| (5) | 104 |
Interest and dividends received |
| 10 | 21 |
Net cash used in investing activities | [33] | (246) | (207) |
|
|
|
|
Dividend payments to minority stockholders |
| (2) | (1) |
Proceeds from borrowings |
| 666 | 18 |
Repayments of borrowings |
| (907) | (142) |
Interest paid and other financial disbursements |
| (76) | (39) |
Net cash used in financing activities | [33] | (319) | (164) |
|
|
|
|
Change in cash and cash equivalents from business activities |
| 59 | 38 |
Cash and cash equivalents as of January 1 |
| 72 | 136 |
Other changes in cash and cash equivalents |
| 5 | (3) |
Cash and cash equivalents as of December 31 | [33] | 136 | 171 |