Consolidated statement of cash flows

Consolidated statement of cash flows17

in € million

 

Q1 – Q3 2019

 

Q1 – Q3 2018

*

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

Earnings before interest and taxes

 

554.1

 

436.6

 

 

 

 

 

Amortisation, depreciation and impairment charges of non-current assets

 

664.6

 

658.6

Non-cash reversals of deferred revenues from leases

 

–161.3

 

–177.1

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

 

17.8

 

20.2

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

 

–4.2

 

0.2

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

 

–90.6

 

–111.9

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

 

–124.6

 

–149.4

Change in net working capital*

 

–470.7

 

–232.4

Cash payments for defined benefit obligations

 

–15.2

 

–27.8

Change in other provisions

 

6.1

 

–25.1

Change in other operating assets / liabilities

 

–25.6

 

9.5

Taxes paid

 

–112.4

 

–141.7

Cash flow from operating activities

 

238.0

 

259.6

 

 

 

 

 

Cash payments for purchase of non-current assets

 

–187.8

 

–164.1

Cash receipts from disposal of non-current assets

 

3.5

 

2.3

Dividends received

 

10.6

 

11.7

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

 

–10.0

 

–1.6

Cash receipts / payments for sundry assets

 

–1.2

 

–1.3

Cash flow from investing activities

 

–185.0

 

–153.1

 

 

 

 

 

Capital increase from issuing of employee shares

 

0.7

 

0.0

Acquisition of treasury shares

 

–2.9

 

–3.6

Dividend of KION GROUP AG

 

–141.5

 

–116.8

Dividends paid to non-controlling interests

 

–2.7

 

–2.4

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

 

0.0

 

0.4

Financing costs paid

 

–2.9

 

–3.9

Proceeds from borrowings

 

2,000.6

 

1,448.0

Repayment of borrowings

 

–1,821.9

 

–1,318.5

Interest received

 

1.6

 

1.7

Interest paid

 

–25.2

 

–29.3

Interest and principal portion from procurement leases

 

–91.8

 

–82.4

Cash receipts / payments from other financing activities

 

–0.4

 

–4.6

Cash flow from financing activities

 

–86.5

 

–111.4

 

 

 

 

 

Effect of exchange rate changes on cash and cash equivalents

 

2.4

 

–3.1

 

 

 

 

 

Change in cash and cash equivalents

 

–31.0

 

–7.9

Cash and cash equivalents at the beginning of the period

 

175.3

 

173.2

Cash and cash equivalents at the end of the period

 

144.3

 

165.2