Statement of cash flows
Summary statement of cash flows (€ million)
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 significant decline in cash flow from ordinary business operations was mainly due to negative income development due to Covid-19. Working capital effects and the absence of one-time allocations to plan assets at DB Arriva in the United Kingdom in the previous year had a partially compensating effect.
- The outflow of funds from investing activities continued to increase, driven mainly by the development of net capital expenditures. In addition, the decline in cash inflow from the sale of property, plant and equipmenthad an impact because of the absence of one-time effects from the previous year.
- The inflow of funds from financing activities increased significantly mainly due to a highernet inflow of funds from senior bonds (€ +3,167 million). An increased net inflow of funds from the taking out and redemption of financial loans (€ +574 million) had a supporting effect; in this, the inflow of funds from the bridge financing was partially offset by a cash outflow for the redemption of commercial papers. This was counteracted by the absence of cash inflow from the issue of hybrid bonds in the previous year (€ –1,993 million).
- On balance, as of December 31, 2020, cash and cash equivalents had declined significantly.