Consolidated statement of cash flows
JAN 1 THROUGH DEC 31 / € million | Note | 2024 | 2023 1) |
---|---|---|---|
Loss before taxes on income | –1,367 | –2,854 | |
Depreciation on property, plant and equipment and intangible assets | (8) | 3,218 | 3,124 |
Write-ups/write-downs on non-current financial assets | (9) | – | 5 |
Result of the disposal of property, plant and equipment and intangible assets | (3), (7) | 110 | 37 |
Result of the disposal of financial assets | (3), (7) | 0 | –3 |
Result of the disposal of consolidated companies | (3), (7) | –1 | 16 |
Interest and dividend income | (9), (10) | –171 | –169 |
Interest expenses | (9) | 935 | 721 |
Foreign currency result | –4 | –36 | |
Result of investments accounted for using the equity method | –13 | –8 | |
Other non-cash expenses and income 2) | 2,875 | 2,251 | |
Changes in inventories, receivables and other assets | –1,283 | –599 | |
Changes in liabilities, provisions and deferred items | 207 | –891 | |
Cash generated from operating activities | 4,506 | 1,594 | |
Interest received | 127 | 117 | |
Received dividends and capital distributions | 12 | 669 | |
Interest paid | –707 | –540 | |
Paid (–)/reimbursed (+) taxes on income | –39 | –44 | |
Cash flow from operating activities (continuing operations) | 3,899 | 1,796 | |
Cash flow from operating activities (discontinued operations) | 668 | 1,248 | |
Cash flow from operating activities | 4,567 | 3,044 | |
Proceeds from the disposal of property, plant and equipment and intangible assets | 149 | 143 | |
Payments for capital expenditures in property, plant and equipment and intangible assets | –17,874 | –15,743 | |
Proceeds from investment grants | 9,218 | 9,286 | |
Payments for repaid investment grants | –48 | –105 | |
Proceeds from the sale and disposal of financial assets | 88 | 77 | |
Payments for investments in financial assets | –37 | –332 | |
Proceeds from the sale of shares in consolidated companies less net cash and cash equivalents sold | 1,225 | – | |
Payments for the acquisition of shares in consolidated companies less net cash and cash equivalents acquired as well as for the acquisition of share in companies | –9 | – | |
Proceeds from the disposal of investments accounted for using the equity method | 0 | 0 | |
Payments for additions of investments accounted for using the equity method | 0 | –1 | |
Cash flow from investing activities (continuing operations) | –7,288 | –6,675 | |
Cash flow from investing activities (discontinued operations) | –469 | –705 | |
Cash flow from investing activities | –7,757 | –7,380 | |
Proceeds from capital injections | (25) | 5,500 | 1,125 |
Profit distribution to shareholder | (26) | – | –650 |
Distribution of profits to non-controlling interests and hybrid capital investors | –33 | –28 | |
Payments for redemption of leasing liabilities | –503 | –507 | |
Payments for redemption of IFRIC 12 leasing liabilities | –19 | –17 | |
Proceeds from issue of senior bonds | 1,107 | 3,010 | |
Payments for redemption of senior bonds | –1,913 | –1,886 | |
Payments for redemption and repayment of interest-free loans from the Federal Government | –155 | –155 | |
Proceeds from taking out financial loans and commercial paper 3) | 3,531 | 2,370 | |
Payments for redemption of financial loans and commercial paper 3) | –1,157 | –270 | |
Cash flow from financing activities (continuing operations) | 6,358 | 2,992 | |
Cash flow from financing activities (discontinued operations) | –606 | –663 | |
Cash flow from financing activities | 5,752 | 2,329 | |
Net change in cash and cash equivalents | 2,562 | –2,007 | |
Cash and cash equivalents as of Jan 1 | (22) | 2,631 | 5,138 |
Changes in cash and cash equivalents due to changes in the scope of consolidation | – | 0 | |
Changes in cash and cash equivalents of non-current assets held for sale | (23) | –1,037 | –431 |
Changes in cash and cash equivalents due to changes in exchange rates | 14 | –69 | |
Cash and cash equivalents as of Dec 31 | (22) | 4,170 | 2,631 |
1) Figures for 2023 adjusted due to classification of DB Schenker as discontinued operation.
2) Including additions to other provisions.
3) Including change in short-term bank borrowings between reporting dates.