Statement of Cash Flows

LANXESS Group Statement of Cash Flows
 
€ million Q3 2013 Q3 2014 9M 2013 9M 2014
 
Income before income taxes 20 55 62 187
Depreciation and amortization 114 100 332 302
Gains on disposals of intangible assets and property, plant and equipment 0 0 (1) 0
Income from investments accounted for using the equity method 0 (1) 0 (6)
Financial losses 29 15 82 53
Income taxes paid/refunded 3 (36) (38) (17)
Changes in inventories 112 (17) 116 (192)
Changes in trade receivables 56 26 (43) (51)
Changes in trade payables 6 (20) (129) (18)
Changes in other assets and liabilities 38 79 (70) 130
Net cash provided by operating activities 378 201 311 388
         
Cash outflows for purchases of intangible assets, property, plant and equipment (146) (112) (398) (374)
Cash inflows from/outflows for financial assets (69) 29 246 (134)
Cash outflows for the acquisition of subsidiaries and other businesses, less acquired cash and cash equivalents 0 0 (15) 0
Cash inflows from sales of intangible assets, property, plant and equipment 0 1 2 3
Cash inflows from divestments of subsidiaries and other businesses, less divested cash and cash equivalents 0 0 0 3
Interest and dividends received 0 1 1 6
Net cash used in investing activities (215) (81) (164) (496)
         
Cash inflow from capital increase 0 0 0 433
Proceeds from borrowings 0 0 101 317
Repayments of borrowings (45) (127) (82) (646)
Interest paid and other financial disbursements (17) (20) (97) (105)
Dividend payments 0 0 (83) (46)
Net cash used in financing activities (62) (147) (161) (47)
         
Change in cash and cash equivalents from business activities 101 (27) (14) (155)
Cash and cash equivalents at beginning of period 274 301 386 427
Other changes in cash and cash equivalents (7) 1 (4) 3
Cash and cash equivalents at end of period 368 275 368 275