Statement of Cash Flows

LANXESS Group Statement of Cash Flows
 
€ million Q2 2013 Q2 2014 H1 2013 H1 2014
  
Income before income taxes 11 94 42 132
Depreciation and amortization 116 99 218 202
Gains on disposals of intangible assets and property, plant and equipment (1) 0 (1) 0
Income from investments accounted for using the equity method 0 (4) 0 (5)
Financial losses 28 13 53 38
Income taxes paid/refunded (7) 9 (41) 19
Changes in inventories 85 (106) 4 (175)
Changes in trade receivables 10 31 (99) (77)
Changes in trade payables (40) 33 (135) 2
Changes in other assets and liabilities (109) 9 (108) 51
Net cash provided by (used in) operating activities 93 178 (67) 187
  
Cash outflows for purchases of intangible assets, property, plant and equipment (159) (154) (252) (262)
Cash inflows from/outflows for financial assets 80 (146) 315 (163)
Cash outflows for the acquisition of subsidiaries and other businesses, less acquired cash and cash equivalents (15) 0 (15) 0
Cash inflows from sales of intangible assets, property, plant and equipment 1 2 2 2
Cash inflows from divestments of subsidiaries and other businesses, less divested cash and cash equivalents 0 0 0 3
Interest and dividends received 0 5 1 5
Net cash provided by (used in) investing activities (93) (293) 51 (415)
  
Cash inflow from capital increase 0 433 0 433
Proceeds from borrowings 82 201 101 317
Repayments of borrowings (7) (499) (37) (519)
Interest paid and other financial disbursements (72) (78) (80) (85)
Dividend payments (83) (46) (83) (46)
Net cash provided by (used in) financing activities (80) 11 (99) 100
  
Change in cash and cash equivalents from business activities (80) (104) (115) (128)
Cash and cash equivalents at beginning of period 353 405 386 427
Other changes in cash and cash equivalents 1 0 3 2
Cash and cash equivalents at end of period 274 301 274 301