Consolidated statement of cash flows
in € million |
Note |
2023 |
2022 |
|---|---|---|---|
Earnings before interest and tax |
|
660.6 |
168.3 |
|
|
|
|
Amortization, depreciation and impairment minus reversals of impairment on non-current assets without lease and rental assets |
485.5 |
469.7 |
|
Depreciation and impairment minus reversals of impairment on lease and rental assets |
567.5 |
563.8 |
|
Non-cash reversals of deferred revenue from lease business |
|
–91.8 |
–115.3 |
Other non-cash income (–) / expenses (+) |
|
16.6 |
26.7 |
Gains (–) / losses (+) on disposal of non-current assets |
–5.9 |
–4.9 |
|
Change in assets/liabilities from lease and short-term rental business |
|
–461.8 |
–483.5 |
thereof change in leased assets (excluding depreciation and interest) and receivables/liabilities from lease business |
–214.1 |
–272.1 |
|
thereof change in rental assets (excluding depreciation and interest) and liabilities from short-term rental business |
–186.8 |
–222.0 |
|
thereof interest received from lease business |
|
102.0 |
80.6 |
thereof interest paid from lease and short-term rental business |
|
–162.9 |
–69.9 |
Change in net working capital |
|
27.5 |
–804.5 |
thereof inventories |
–31.7 |
–163.2 |
|
thereof trade receivables and trade payables |
–22.3 |
–590.9 |
|
thereof contract assets and contract liabilities |
81.4 |
–50.3 |
|
Cash payments for defined benefit obligations |
–85.9 |
–35.5 |
|
Change in other provisions |
81.1 |
30.9 |
|
Change in other operating assets/liabilities |
|
130.5 |
–1.5 |
Taxes paid |
|
–180.0 |
–160.0 |
Cash flow from operating activities |
1,144.0 |
–345.9 |
|
|
|
|
|
Cash payments for purchase of non-current assets (excluding leased and rental assets) |
–442.8 |
–382.7 |
|
Cash receipts from disposal of non-current assets (excluding leased and rental assets) |
|
15.2 |
7.5 |
Dividends received |
|
9.9 |
10.5 |
Acquisition of subsidiaries / other businesses (net of cash acquired) |
|
–2.8 |
–4.9 |
Cash receipts / payments for sundry assets |
|
–8.3 |
–0.1 |
Cash flow from investing activities |
–428.8 |
–369.7 |
|
|
|
|
|
Dividend of KION GROUP AG |
–24.9 |
–196.7 |
|
Dividends paid to non-controlling interests |
|
–1.6 |
–2.5 |
Financing costs paid |
|
–7.4 |
–3.2 |
Proceeds from borrowings |
1,147.5 |
2,699.7 |
|
Repayment of borrowings |
–1,621.7 |
–1,757.3 |
|
Interest received |
|
9.7 |
4.5 |
Interest paid |
–69.7 |
–32.6 |
|
Interest portion from procurement leases |
–22.1 |
–16.1 |
|
Principal portion from procurement leases |
–135.8 |
–135.6 |
|
Cash receipts / payments from other financing activities |
|
4.2 |
2.5 |
Cash flow from financing activities |
–721.7 |
562.8 |
|
|
|
|
|
Effect of exchange rate changes on cash and cash equivalents |
|
–5.0 |
2.1 |
|
|
|
|
Change in cash and cash equivalents |
|
–11.5 |
–150.8 |
|
|
|
|
Cash and cash equivalents at the beginning of the year |
318.1 |
483.0 |
|
Cash and cash equivalents at the end of the year |
306.6 |
332.2 |
|
In addition cash and cash equivalents included in assets held for sale at the beginning of the year |
14.1 |
– |
|
Less cash and cash equivalents included in assets held for sale at the end of the year |
–8.9 |
–14.1 |
|
Cash and cash equivalents at the end of the year (Consolidated statement of financial position) |
311.8 |
318.1 |