Consolidated statement of cash flows
millions of € |
|
|
|
|
|---|---|---|---|---|
|
Q1 2022 |
Q1 2021 |
Change |
FY 2021 |
Profit (loss) before income taxes |
5,438 |
1,844 |
3,594 |
7,918 |
Depreciation, amortization and impairment losses |
6,765 |
6,842 |
(77) |
27,482 |
(Profit) loss from financial activities |
890 |
1,675 |
(785) |
5,139 |
(Profit) loss on the disposal of fully consolidated subsidiaries |
(2,553) |
0 |
(2,553) |
(130) |
(Income) loss from the sale of stakes accounted for using the equity method |
0 |
0 |
0 |
(13) |
Other non-cash transactions |
82 |
97 |
(15) |
226 |
(Gains) losses from the disposal of intangible assets and property, plant and equipment |
18 |
5 |
13 |
161 |
Change in assets carried as operating working capital |
(298) |
678 |
(976) |
(1,475) |
Change in other operating assets |
(82) |
(339) |
257 |
(1,059) |
Change in provisions |
(643) |
(420) |
(223) |
(152) |
Change in liabilities carried as operating working capital |
535 |
(800) |
1,335 |
241 |
Change in other operating liabilities |
388 |
251 |
137 |
(260) |
Income taxes received (paid) |
(48) |
(255) |
207 |
(893) |
Dividends received |
2 |
1 |
1 |
8 |
Net payments from entering into, canceling or changing the terms and conditions of interest rate derivatives |
0 |
0 |
0 |
(1) |
Cash generated from operations |
10,494 |
9,581 |
913 |
37,191 |
Interest paid |
(1,372) |
(1,488) |
116 |
(6,158) |
Interest received |
236 |
213 |
23 |
1,138 |
Net cash from operating activities |
9,358 |
8,307 |
1,051 |
32,171 |
Cash outflows for investments in |
|
|
|
|
Intangible assets |
(3,551) |
(9,073) |
5,522 |
(12,749) |
Property, plant and equipment |
(3,621) |
(3,199) |
(422) |
(13,616) |
Non-current financial assets |
(276) |
(65) |
(211) |
(336) |
Payments for publicly funded investments in the broadband build-out |
(73) |
(84) |
11 |
(436) |
Proceeds from public funds for investments in the broadband build-out |
44 |
26 |
18 |
420 |
Changes in cash and cash equivalents in connection with the acquisition of control of subsidiaries and associates |
(51) |
(23) |
(28) |
(1,617) |
Proceeds from disposal of |
|
|
|
|
Intangible assets |
1 |
0 |
1 |
2 |
Property, plant and equipment |
50 |
48 |
2 |
137 |
Non-current financial assets |
41 |
62 |
(21) |
352 |
Changes in cash and cash equivalents in connection with the loss of control of subsidiaries and associates |
4,089 |
0 |
4,089 |
352 |
Net change in short-term investments and marketable securities and receivables |
(1,165) |
(65) |
(1,100) |
89 |
Other |
1 |
0 |
1 |
0 |
Net cash (used in) from investing activities |
(4,512) |
(12,373) |
7,861 |
(27,403) |
Proceeds from issue of current financial liabilities |
32 |
625 |
(593) |
4,431 |
Repayment of current financial liabilities |
(1,200) |
(3,774) |
2,574 |
(18,040) |
Proceeds from issue of non-current financial liabilities |
0 |
5,666 |
(5,666) |
12,925 |
Repayment of non-current financial liabilities |
0 |
0 |
0 |
0 |
Dividend payments (including to other shareholders of subsidiaries) |
0 |
0 |
0 |
(3,145) |
Principal portion of repayment of lease liabilities |
(1,235) |
(1,724) |
489 |
(6,458) |
Cash inflows from transactions with non-controlling entities |
3 |
3 |
0 |
14 |
Cash outflows from transactions with non-controlling entities |
(252) |
(208) |
(44) |
(506) |
Other |
0 |
0 |
0 |
0 |
Net cash (used in) from financing activities |
(2,653) |
588 |
(3,241) |
(10,779) |
Effect of exchange rate changes on cash and cash equivalents |
57 |
414 |
(357) |
620 |
Changes in cash and cash equivalents associated with non-current assets and disposal groups held for sale |
8 |
0 |
8 |
68 |
Net increase (decrease) in cash and cash equivalents |
2,258 |
(3,065) |
5,323 |
(5,323) |
Cash and cash equivalents, at the beginning of the period |
7,617 |
12,939 |
(5,322) |
12,939 |
Cash and cash equivalents, at the end of the period |
9,875 |
9,872 |
3 |
7,617 |