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Consolidated statement of cash flows - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flow from operating activities      
Profit/(loss) for the year € 1,645 € (2,516) € 11
Adjustments, total 1,713 5,267 2,627
Change in net working capital      
Decrease/(Increase) in receivables 239 (418) 159
(Increase)/Decrease in inventories (48) 553 285
Decrease in non-interest-bearing liabilities (459) (845) (2,232)
Cash from operations 3,090 2,041 850
Interest received 41 33 57
Interest paid (192) (35) (1)
Income taxes paid, net (314) (280) (516)
Net cash from operating activities 2,625 1,759 390
Cash flow from investing activities      
Purchase of property, plant and equipment and intangible assets (560) (479) (690)
Proceeds from sale of property, plant and equipment and intangible assets 103 13 39
Acquisition of businesses, net of cash acquired (33) (104)  
Proceeds from disposal of businesses, net of disposed cash   11 19
Purchase of current financial investments (1,845) (1,154) (473)
Proceeds from maturities and sale of current financial investments 398 123 991
Purchase of non-current financial investments (77) (59) (180)
Proceeds from sale of non-current financial investments 277 122 144
Foreign exchange hedging of cash and cash equivalents (77) 79 (123)
Other 19 10 (17)
Net cash used in investing activities (1,795) (1,438) (290)
Cash flow from financing activities      
Purchase of equity instruments of subsidiaries   (1) (1)
Proceeds from long-term borrowings 17 1,595 1,039
Repayment of long-term borrowings (927) (246) (766)
(Repayment of)/proceeds from short-term borrowings (67) (83) 40
Payment of principal portion of lease liabilities (226) (234) (221)
Dividends paid (9) (148) (570)
Net cash from/(used in) financing activities (1,212) 883 (479)
Translation differences 133 (174) 28
Net increase/(decrease) in cash and cash equivalents (249) 1,030 (351)
Cash and cash equivalents as of 1 January 6,940 5,910 6,261
Cash and cash equivalents as of 31 December € 6,691 € 6,940 € 5,910