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Consolidated statement of cash flows - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flow from operating activities      
(Loss)/profit for the year € (2,516) € 11 € (335)
Adjustments, total 5,267 2,627 2,093
Change in net working capital      
(Increase)/decrease in receivables (418) 159 246
Decrease/(increase) in inventories 553 285 (544)
Decrease in non-interest-bearing liabilities (845) (2,232) (645)
Cash from operations 2,041 850 815
Interest received 33 57 68
Interest paid (35) (1) (159)
Income taxes paid, net (280) (516) (364)
Net cash from operating activities 1,759 390 360
Cash flow from investing activities      
Purchase of property, plant and equipment and intangible assets (479) (690) (672)
Proceeds from sale of property, plant and equipment and intangible assets 13 39 88
Acquisition of businesses, net of cash acquired (104)   (31)
Proceeds from disposal of businesses, net of disposed cash 11 19 (18)
Purchase of current financial investments (1,154) (473) (2,104)
Proceeds from maturities and sale of current financial investments 123 991 2,397
Purchase of non-current financial investments (59) (180) (145)
Proceeds from sale of non-current financial investments 122 144 170
Other 10 (17)  
Net cash used in investing activities (1,517) (167) (315)
Cash flow from financing activities      
Proceeds from stock option exercises     1
Purchase of sale of equity instruments of subsidiaries (1) (1)  
Proceeds from sale of equity instruments of subsidiaries     1
Proceeds from long-term borrowings 1,595 1,039 139
Repayment of long-term borrowings (246) (766) (29)
(Repayment of)/proceeds from short-term borrowings (83) 40 2
Payment of principal portion of lease liabilities (234) (221) (2)
Dividends paid (148) (570) (1,081)
Net cash from/(used in) financing activities 883 (479) (969)
Translation differences (95) (95) (184)
Net increase/(decrease) in cash and cash equivalents 1,030 (351) (1,108)
Cash and cash equivalents as of January 1 5,910 6,261 7,369
Cash and cash equivalents as of December 31 € 6,940 € 5,910 € 6,261