Statement of cash flow
|Summary statement of cash flows|
Cash flow from operating activities
|Cash flow from investing activities|
|Cash flow from financing activities|
|Net change in cash and cash equivalents|
|Cash and cash equivalents as of Dec 31|
The first-time application of IFRS 16
also had an effect on the statement of cash flows. The increase in depreciation, which was due to IFRS 16, resulted in a positive one-off effect on cash flow from ordinary business operations. This was offset by an increase in the reported payments for leasing agreements, which resulted in a negative one-off effect on cash flow from financing activities.
- In cash flow from operating activities, negative effects for reasons including the development of profit, one-time allocations to plan assets of individual benefit plans by DB Arriva in Great Britain and working capital changes, were largely offset by the IFRS 16 effect.
- Cash outflow from investing activities continued to increase, mainly driven by the development of net capital expenditures an even higher level.
- Cash inflow from financing activities increased as a result of the first-time issue of hybrid bonds (€ +1,992 million) and higher net cash inflows from the taking on and redemption of financial loans (€ +581 million). This was offset by a significant increase in payments for leasing contracts, mainly as a result of the first-time application of IFRS 16 (€ –912 million), a lower net cash inflow from the issue and redemption of senior bonds (€ –945 million) and the increased dividend payment (€ –200 million).
- In the balance as of December 31, 2019, DB Group held significantly more cash and cash equivalents compared with the end of the previous year.