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Consolidated statements of cash flows - EUR (€)
€ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net income € 1,438,500 € 2,225,657 € 1,554,534
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and impairment loss 1,593,160 789,566 735,479
Change in deferred taxes, net 64,266 89,171 (203,046)
(Gain) loss from the sale of fixed assets, right-of-use assets, investments and divestitures (99,074) (807,106) (94,123)
Compensation expense related to share-based plans 1,992 10,745 46,811
Cash inflow (outflow) from hedging (12,744)    
Investments in equity method investees, net (27,657) (28,369) (57,009)
Interest expense, net 429,444 301,062 364,824
Changes in assets and liabilities, net of amounts from businesses acquired:      
Trade accounts and other receivables (105,828) (164,685) (131,676)
Inventories (117,504) (157,092) (62,692)
Other current and non-current assets (46,132) (12,561) 227,490
Accounts receivable from related parties 41,717 (5,805) 32,614
Accounts payable to related parties (35,861) 4,480 (110,375)
Accounts payable, provisions and other current and non-current liabilities (128,906) (84,561) 222,302
Paid interest (470,223) (311,971) (340,632)
Received interest 49,453 56,809 37,601
Income tax payable 380,067 514,957 644,866
Paid income taxes (387,719) (358,386) (675,157)
Net cash provided by (used in) operating activities 2,566,951 2,061,911 2,191,811
Investing activities      
Purchases of property, plant and equipment (1,124,791) (1,057,276) (944,460)
Proceeds from sale of property, plant and equipment 11,535 54,529 103,225
Acquisitions and investments, net of cash acquired, and purchases of intangible assets (2,232,671) (925,267) (565,694)
Proceeds from divestitures 59,940 1,682,975 415,388
Net cash provided by (used in) investing activities (3,285,987) (245,039) (991,541)
Financing activities      
Proceeds from short-term debt 737,409 650,634 443,996
Repayments of short-term debt (807,807) (205,790) (241,309)
Proceeds from short-term debt from related parties 281,200 217,646 122,079
Repayments of short-term debt from related parties (448,311) (37,746) (116,079)
Proceeds from long-term debt 3,460,805 612,388 582,311
Repayments of long-term debt (2,217,005) (1,076,204) (1,099,329)
Repayments of lease liabilities (671,403)    
Repayments of lease liabilities from related parties (16,340)    
Increase (decrease) of accounts receivable securitization program 381,430 (298,912) 157,564
Proceeds from exercise of stock options 15,864 47,404 47,591
Purchase of treasury stock (599,796) (37,221) (57,938)
Dividends paid (354,636) (324,838) (293,973)
Distributions to noncontrolling interests (296,168) (296,293) (386,340)
Contributions from noncontrolling interests 68,125 67,196 42,797
Net cash provided by (used in) financing activities (466,633) (681,736) (798,630)
Effect of exchange rate changes on cash and cash equivalents 47,760 32,387 (132,413)
Cash and cash equivalents:      
Net increase (decrease) in cash and cash equivalents (1,137,909) 1,167,523 269,227
Cash and cash equivalents at beginning of period 2,145,632 978,109 708,882
Cash and cash equivalents at end of period € 1,007,723 € 2,145,632 € 978,109