Consolidated statement of cash flows
in € million |
Q1 2024 |
Q1 2023 |
|---|---|---|
Earnings before interest and tax |
210.9 |
129.4 |
|
|
|
Amortization, depreciation and impairment minus reversals of impairment on non-current assets without lease and rental assets |
121.2 |
118.5 |
Depreciation and impairment minus reversals of impairment on lease and rental assets |
146.2 |
139.1 |
Non-cash reversals of deferred revenue from lease business |
–20.1 |
–24.7 |
Other non-cash income (–)/expenses (+) |
6.1 |
6.7 |
Gains (–)/losses (+) on disposal of non-current assets |
–1.5 |
–2.4 |
Change in assets/liabilities from lease and short-term rental business |
–178.1 |
–128.6 |
thereof change in leased assets (excluding depreciation and interest) and receivables/liabilities from lease business |
–86.8 |
–61.5 |
thereof change in rental assets (excluding depreciation and interest) and liabilities from short-term rental business |
–68.6 |
–58.8 |
thereof interest received from lease business |
31.8 |
24.6 |
thereof interest paid from lease and short-term rental business |
–54.5 |
–32.9 |
Change in net working capital |
–1.2 |
–11.4 |
thereof inventories |
–132.8 |
–148.1 |
thereof trade receivables and trade payables |
155.4 |
154.7 |
thereof contract assets and contract liabilities |
–23.8 |
–18.0 |
Cash payments for defined benefit obligations |
–7.1 |
–6.6 |
Change in other provisions |
–3.7 |
–2.3 |
Change in other operating assets/liabilities |
–100.4 |
–9.1 |
Taxes paid |
–33.4 |
–35.8 |
Cash flow from operating activities |
138.8 |
172.9 |
|
|
|
Cash payments for purchase of non-current assets |
–87.7 |
–75.4 |
Cash receipts from disposal of non-current assets |
3.7 |
4.6 |
Dividends received |
0.1 |
0.0 |
Sale of subsidiaries/other businesses (net of cash) |
10.5 |
– |
Cash receipts/payments for sundry assets |
0.5 |
2.8 |
Cash flow from investing activities |
–73.1 |
–68.0 |
|
|
|
Financing costs paid |
–0.8 |
–0.7 |
Proceeds from borrowings |
24.3 |
178.9 |
Repayment of borrowings |
–68.9 |
–201.1 |
Interest received |
1.7 |
1.6 |
Interest paid |
–5.2 |
–8.0 |
Interest portion from procurement leases |
–6.7 |
–4.8 |
Principal portion from procurement leases |
–34.1 |
–37.1 |
Cash receipts/payments from other financing activities |
–36.1 |
0.0 |
Cash flow from financing activities |
–125.8 |
–71.2 |
|
|
|
Effect of exchange rate changes on cash and cash equivalents |
–0.4 |
–2.0 |
|
|
|
Change in cash and cash equivalents |
–60.4 |
31.7 |
Cash and cash equivalents as at Jan. 1 |
311.8 |
318.1 |
Cash and cash equivalents as at Mar. 31 |
251.4 |
349.8 |
Change in cash and cash equivalents in connection with assets held for sale |
– |
2.9 |
Cash and cash equivalents as at Mar. 31 (Consolidated statement of financial position) |
251.4 |
352.7 |