Financial instruments (Tables)

3 Months Ended

Mar. 31, 2020

Financial instruments

Schedule of carrying amount and fair value of financial instruments

Carrying amount and fair value of financial instruments

in € THOUS

March 31, 2020	Carrying amount					Fair value
	Amortized
	cost	FVPL	FVOCI	Not classified	Total	Level 1	Level 2	Level 3
Cash and cash equivalents (1)	1,253,385	151,667	—	—	1,405,052	151,667	—	—
Trade accounts and other receivables	3,634,068	—	—	73,960	3,708,028	—	—	—
Accounts receivable from related parties	128,033	—	—	—	128,033	—	—	—
Derivatives - cash flow hedging instruments	—	—	—	9,084	9,084	—	9,084	—
Derivatives - not designated as hedging instruments	—	24,204	—	—	24,204	—	24,204	—
Equity investments	—	170,519	47,095	—	217,614	9,434	41,458	166,722
Debt securities	—	84,091	271,462	—	355,553	350,770	4,783	—
Other financial assets	161,408	—	—	104,070	265,478	—	—	—
Other current and non-current assets	161,408	278,814	318,557	113,154	871,933	—	—	—
Financial assets	5,176,894	430,481	318,557	187,114	6,113,046	—	—	—
Accounts payable	762,384	—	—	—	762,384	—	—	—
Accounts payable to related parties	134,159	—	—	—	134,159	—	—	—
Short-term debt and short-term debt from related parties	2,027,511	—	—	—	2,027,511	—	—	—
Long-term debt	7,768,094	—	—	—	7,768,094	5,073,510	2,692,280	—
Long-term lease liabilities and long-term lease liabilities from related parties	—	—	—	4,781,629	4,781,629	—	—	—
Derivatives - cash flow hedging instruments	—	—	—	1,248	1,248	—	1,248	—
Derivatives - not designated as hedging instruments	—	12,530	—	—	12,530	—	12,530	—
Variable payments outstanding for acquisitions	—	74,194	—	—	74,194	—	—	74,194
Noncontrolling interest subject to put provisions	—	—	—	953,719	953,719	—	—	953,719
Other financial liabilities	1,471,320	—	—	—	1,471,320	—	—	—
Other current and non-current liabilities	1,471,320	86,724	—	954,967	2,513,011	—	—	—
Financial liabilities	12,163,468	86,724	—	5,736,596	17,986,788	—	—	—

(1) Highly liquid short-term investments are categorized in level 1 of the fair value hierarchy. Cash and cash equivalents measured at amortized cost is not categorized.

Carrying amount and fair value of financial instruments

in € THOUS

December 31, 2019	Carrying amount					Fair value
	Amortized
	cost	FVPL	FVOCI	Not classified	Total	Level 1	Level 2	Level 3
Cash and cash equivalents (1)	841,046	166,677	—	—	1,007,723	166,677	—	—
Trade accounts and other receivables	3,343,873	—	—	77,473	3,421,346	—	—	—
Accounts receivable from related parties	159,196	—	—	—	159,196	—	—	—
Derivatives - cash flow hedging instruments	—	—	—	107	107	—	107	—
Derivatives - not designated as hedging instruments	—	2,406	—	—	2,406	—	2,406	—
Equity investments	—	186,273	50,975	—	237,248	13,110	41,084	183,054
Debt securities	—	107,988	261,833	—	369,821	365,170	4,651	-
Other financial assets	141,355	—	—	111,649	253,004	—	—	—
Other current and non-current assets	141,355	296,667	312,808	111,756	862,586	—	—	—
Financial assets	4,485,470	463,344	312,808	189,229	5,450,851	—	—	—
Accounts payable	716,526	—	—	—	716,526	—	—	—
Accounts payable to related parties	118,663	—	—	—	118,663	—	—	—
Short-term debt and short-term debt from related parties	1,171,853	—	—	—	1,171,853	—	—	—
Long-term debt	7,905,557	—	—	—	7,905,557	5,555,475	2,537,932	—
Long-term lease liabilities and long-term lease liabilities from related parties	—	—	—	4,705,038	4,705,038	—	—	—
Derivatives - cash flow hedging instruments	—	—	—	2,534	2,534	—	2,534	—
Derivatives - not designated as hedging instruments	—	10,762	—	—	10,762	—	10,762	—
Variable payments outstanding for acquisitions	—	89,677	—	—	89,677	—	—	89,677
Noncontrolling interest subject to put provisions	—	—	—	934,425	934,425	—	—	934,425
Other financial liabilities	1,414,464	—	—	—	1,414,464	—	—	—
Other current and non-current liabilities	1,414,464	100,439	—	936,959	2,451,862	—	—	—
Financial liabilities	11,327,063	100,439	—	5,641,997	17,069,499	—	—	—

(1) Highly liquid short-term investments are categorized in level 1 of the fair value hierarchy. Cash and cash equivalents measured at amortized cost is not categorized.

Schedule of reconciliation of level 3 financial instruments

Reconciliation from beginning to ending balance of level 3 financial instruments

in € THOUS

	2020			2019
		Variable			Variable
		payments	Noncontrolling		payments	Noncontrolling
	Equity	outstanding for	interests subject	Equity	outstanding for	interests subject
	investments	acquisitions	to put provisions	investments	acquisitions	to put provisions
Beginning balance at January 1,	183,054	89,677	934,425	—	172,278	818,871
Transfer from Level 2	—	—	—	186,427	—	—
Increase	—	11,886	5,234	2,233	4,828	109,109
Decrease	—	(26,229)	(8,720)	—	(43,941)	(20,269)
(Gain) loss recognized in profit or loss	(20,843)	12	—	128	(41,537)	—
(Gain) loss recognized in equity	—	—	12,963	—	—	14,523
Foreign currency translation and other changes	4,511	(1,152)	9,817	(5,734)	(1,951)	12,191
Ending balance at March 31, and December 31,	166,722	74,194	953,719	183,054	89,677	934,425