Consolidated statement of cash flows

Consolidated statement of cash flows

23

in € million

Q1 – Q2 2018

Q1 – Q2 2017*

*

Consolidated statement of cash flows for 2017 was restated due to the initial application of IFRS 15 and IFRS 16

**

Net Working Capital comprises inventories, contract assets, trade receivables less contract liabilities and trade payables

Earnings before interest and taxes

268.0

255.2

 

 

 

Amortisation, depreciation and impairment charges and reversal of impairment losses of non-current assets

448.4

439.3

Non-cash reversals of deferred revenues from leases

–115.3

–127.4

Other non-cash income (–) / expenses (+)

10.4

5.6

Gains (–) / losses (+) on disposal of non-current assets

2.3

0.0

Change in leased assets (excluding depreciation) and receivables / liabilities from leasing business

–46.9

–39.8

Change in rental assets (excluding depreciation) and liabilities from rental business

–120.9

–96.5

Change in net working capital**

–196.0

–96.7

Cash payments for defined benefit obligations

–9.9

–16.7

Change in other provisions

–13.0

–12.1

Change in other operating assets / liabilities

–31.4

–18.7

Taxes paid

–91.1

–53.8

Cash flow from operating activities

104.6

238.4

 

 

 

Cash payments for purchase of non-current assets

–103.9

–87.5

Cash receipts from disposal of non-current assets

2.4

2.3

Dividends received

9.2

7.0

Acquisition of subsidiaries / other businesses (net of cash acquired)

–1.1

0.0

Cash receipts / payments for sundry assets

–2.1

–17.2

Cash flow from investing activities

–95.5

–95.4

 

 

 

Capital contribution from shareholders for the carried out capital increase

0.0

599.4

Dividend of KION GROUP AG

–116.8

–86.9

Dividends paid to non-controlling interests

0.0

–2.1

Cash receipts / payments for changes in ownership interests in subsidiaries without change of control

0.4

0.2

Financing costs paid

–3.0

–6.0

Proceeds from borrowings

1,215.8

1,699.3

Repayment of borrowings

–1,022.4

–2,390.6

Interest received

1.3

2.9

Interest paid

–25.7

–28.8

Interest and principal portion from procurement leases

–55.6

–43.0

Cash receipts / payments from other financing activities

5.7

–2.6

Cash flow from financing activities

–0.4

–258.4

 

 

 

Effect of exchange rate changes on cash and cash equivalents

–1.4

–7.2

 

 

 

Change in cash and cash equivalents

7.2

–122.6

Cash and cash equivalents at the beginning of the period

173.2

279.6

Cash and cash equivalents at the end of the period

180.4

157.0