| Cash flow statement |
|
|
| € million |
Q3/08 |
Q3/07 |
9M/08 |
9M/07 |
| Operating earnings (EBIT I) |
502.2 |
79.4 |
1,054.9 |
252.1 |
| Depreciation on fixed assets* |
39.1 |
31.2 |
105.4 |
93.2 |
Increase(+)/decrease(-) in non-current provisions
(without interest rate effects) |
35.3 |
(1.5) |
21.6 |
(13.5) |
| Interest, dividends and similar income received |
0.7 |
0.4 |
2.5 |
5.3 |
| Realised gains(+)/losses(-) on the disposal of financial assets and securities |
0.2 |
0.1 |
11.5 |
0.2 |
| Interest paid |
(4.8) |
(5.7) |
(22.9) |
(16.0) |
| Other financing income(+)/expenses(-) |
(0.5) |
0.7 |
(0.5) |
– |
| Income tax received(+)/paid(-) |
(120.4) |
11.9 |
(193.2) |
(33.1) |
| Other non-cash expenses(+)/income(-) |
5.0 |
– |
2.0 |
(0.5) |
| Gross cash flow |
456.8 |
116.5 |
981.3 |
287.7 |
| Gain(-)/loss(+) on the disposal of fixed assets and securities |
0.1 |
(3.1) |
(10.5) |
(4.4) |
| Increase(-)/decrease(+) in inventories |
(130.0) |
(54.2) |
(185.9) |
17.7 |
Increase(-)/decrease(+) in receivables and
other assets from operating activities |
(148.7) |
(158.2) |
(380.8) |
(342.9) |
| - of which: premium volume for derivatives |
(8.3) |
(209.5) |
(24.1) |
(284.6) |
| Payments from the exercise and sale of options |
(17.9) |
– |
37.6 |
– |
| Increase(+)/decrease(-) in liabilities from operating activities |
170.3 |
69.8 |
225.6 |
114.7 |
| - of which: premium volume for derivatives |
0.8 |
86.6 |
0.8 |
81.8 |
| Increase(+)/decrease(-) of current provisions |
27.7 |
(4.7) |
64.8 |
11.6 |
| Out-financing of provisions |
(2.9) |
(3.1) |
(5.9) |
(7.7) |
| Cash flow from operating activities |
355.4 |
(37.0) |
726.2 |
76.7 |
| Proceeds from disposals of fixed assets |
0.6 |
0.8 |
1.9 |
3.5 |
| Disbursements for intangible assets |
(1.4) |
(4.6) |
(3.8) |
(9.8) |
| Disbursements for property, plant and equipment |
(47.0) |
(40.8) |
(129.3) |
(86.9) |
| Disbursements for financial assets |
(0.3) |
(1.5) |
(2.4) |
(1.6) |
| Proceeds from the sale of consolidated companies |
– |
3.6 |
– |
3.6 |
| Disbursements for the acquisition of consolidated companies |
– |
– |
– |
(0.5) |
| Proceeds from/disbursements for securities included in current assets |
– |
0.1 |
– |
0.1 |
| Cash flow for investing activities |
(48.1) |
(42.4) |
(133.6) |
(91.6) |
| Free cash flow |
307.3 |
(79.4) |
592.6 |
(14.9) |
| Dividends paid |
– |
– |
(82.5) |
(82.5) |
| Purchase of own shares |
– |
– |
(6.1) |
(5.2) |
| Sale of own shares |
– |
– |
0.7 |
– |
| Payments from allocations to equity |
– |
– |
3.2 |
2.7 |
| Increase(+)/decrease(-) in liabilities from finance leases |
– |
– |
(0.1) |
– |
| Taking out(+)/repayment (-) of loans |
1.1 |
36.7 |
(290.7) |
8.5 |
| Cash flow from/for financing activities |
1.1 |
36.7 |
(375.5) |
(76.5) |
| |
|
|
|
|
| Change in cash and cash equivalents affecting cash flow |
308.4 |
(42.7) |
217.1 |
(91.4) |
| Change in value of cash and cash equivalents |
3.9 |
(0.6) |
(0.7) |
(0.9) |
| Consolidation-related changes |
– |
(0.3) |
(2.4) |
(0.3) |
| Change in cash and cash equivalents |
312.3 |
(43.6) |
214.0 |
(92.6) |
| |
|
|
|
|
| Net cash and cash equivalents as of 1 January |
– |
– |
(151.4) |
16.4 |
| Net cash and cash equivalents as of 30 September |
– |
– |
62.6 |
(76.2) |
| |
|
|
|
|
