Cash Flow Statement

Profit after tax

Income taxes

Financial result

Income taxes paid

Depreciation and amortization

Change in non-current provisions (excluding interest components and changes recognized in OCI)

Gain/loss on disposal of property, plant, and equipment, and intangible assets

Other non-cash items

Gross cash flow

Change in inventories

Change in receivables and other assets

Change in liabilities and current provisions

Net cash flow from operating activities

Investments in property, plant, and equipment, and intangible assets

Payments for acquisitions and other investments (net of cash acquired)

Payments for investments in associated companies and other investments

Payments to acquire securities

Proceeds from the sale of property, plant, and equipment, and intangible assets

Proceeds from the sale/final maturity of securities

Interest received

Proceeds from finance leases

Proceeds from dividends and other financing activities

Net cash flow from investing activities

Free cash flow

Proceeds from loans

Loan repayments

Repayments of lease liabilities

Payments for the acquisition of own shares

Interest paid

Other financing expenses paid

Cash dividends paid (Beiersdorf AG)

Cash dividends paid (non-controlling interests)

Net cash flow from financing activities

Effect of exchange rate fluctuations and other changes on cash held

Net change in cash and cash equivalents

Cash and cash equivalents as of Jan. 1

Cash and cash equivalents as of Dec. 31