Consolidated statement of cash flows

Consolidated statement of cash flows

042

in € million

Note

2018

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

 

642.8

561.0

 

 

 

 

Amortisation, depreciation and impairment charges of non-current assets

[14]

897.9

896.6

Non-cash reversals of deferred revenues from leases

 

–238.7

–256.0

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

 

29.2

24.6

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

[8][9]

–1.2

–0.2

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

[17][21][31]

–137.5

–74.7

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

[18][35]

–188.5

–196.3

Change in net working capital**

[24] [25][33] [34]

–54.3

–113.2

Cash payments for defined benefit obligations

[28]

–37.3

–28.2

Change in other provisions

[32]

–19.0

–4.0

Change in other operating assets / liabilities

 

65.4

38.5

Taxes paid

 

–193.2

–136.3

Cash flow from operating activities

[38]

765.5

711.9

 

 

 

 

Cash payments for purchase of non-current assets

[38]

–258.5

–218.3

Cash receipts from disposal of non-current assets

[38]

5.1

4.0

Dividends received

 

14.2

9.3

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

 

–1.6

–13.3

Cash receipts / payments for sundry assets

 

–4.7

–19.3

Cash flow from investing activities

[38]

–245.6

–237.6

 

 

 

 

Capital contribution from shareholders for the carried out capital increase

[38]

0.0

598.6

Capital increase from issuing of employee shares

[27]

1.7

2.3

Acquisition of treasury shares

 

–3.6

–4.3

Dividend of KION GROUP AG

 

–116.8

–86.9

Dividends paid to non-controlling interests

 

–2.8

–2.7

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

 

0.6

0.5

Financing costs paid

[38]

–5.0

–7.4

Proceeds from borrowings

[38]

1,811.7

2,425.3

Repayment of borrowings

[38]

–2,042.6

–3,340.0

Interest received

 

2.5

7.5

Interest paid

[38]

–42.9

–58.1

Interest and principal portion from procurement leases

 

–114.0

–109.0

Cash receipts / payments from other financing activities

 

–3.4

5.7

Cash flow from financing activities

[38]

–514.5

–568.5

 

 

 

 

Effect of exchange rate changes on cash and cash equivalents

 

–3.2

–12.2

 

 

 

 

Change in cash and cash equivalents

 

2.2

–106.4

 

 

 

 

Cash and cash equivalents at the beginning of the year

[38]

173.2

279.6

Cash and cash equivalents at the end of the year

[38]

175.3

173.2