|
Condensed cash flow statement | |||||||||||||
|
€ million |
Q3 |
Q3 |
Change |
Q1-Q3 |
Q1-Q3 |
Change | |||||||
| |||||||||||||
|
|
|
|
|
|
|
| |||||||
|
EBIT |
80 |
63 |
25.9% |
276 |
222 |
24.2% | |||||||
|
Cash flow from operating activities |
66 |
56 |
19.5% |
135 |
146 |
-7.6% | |||||||
|
Cash flow from investing activities |
-36 |
-25 |
-40.1% |
-96 |
-96 |
-0.1% | |||||||
|
Free cash flow |
31 |
30 |
2.1% |
39 |
50 |
-22.5% | |||||||
|
Cash flow from financing activities |
-55 |
-37 |
-48.4% |
-257 |
-150 |
-71.1% | |||||||
|
Currency effects on cash |
1 |
0 |
>100% |
3 |
-1 |
>100% | |||||||
|
Change in cash and cash equivalents |
-23 |
-7 |
<-100% |
-215 |
-101 |
<-100% | |||||||
|
|
|
|
|
|
|
| |||||||
|
Net financial debt1 |
2,744 |
2,749 |
-0.2% |
2,744 |
2,749 |
-0.2% | |||||||
Q3/2012
Cash Flow from Operating Activities
Cash flow from operating activities includes all cash generated from operations and also reflects cash paid for taxes. Due to the improved EBIT, the cash inflow from operations amounted to €66 million in Q3/2012 compared to €56 million in Q3/2011. Income tax payments in Q3/2012 amounted to €10 million compared to €13 million in Q3/2011.
Cash Flow from Investing Activities
Our net cash outflow from investing activities amounted to €36 million in Q3/2012 compared to an outflow of €25 million in Q3/2011. Capital expenditures on non-current assets increased by €10 million to €38 million in Q3/2012.
Free Cash Flow
In Q3/2012, our free cash flow, defined as cash flow from operating activities minus cash flow from investing activities, amounted to a cash inflow of €31 million compared to a cash inflow of €30 million in Q3/2011.
Cash Flow from Financing Activities
Cash flow from financing activities amounted to a total net cash outflow of €55 million in Q3/2012 compared to a net cash outflow of €37 million in Q3/2011. The amendment and the maturity extension of our credit facilities in Q2/2012 led to a cash outflow of €13 million in Q3/2012 for the loan financing costs. Interest payments amounted to €30 million in Q3/2012 compared to €36 million in the prior year period.