LANXESS Group Statement of Cash Flows

LANXESS Group Statement of Cash Flows
 
€ million Q1 2013 Q1 2014
 
Income before income taxes 31 38
Depreciation and amortization 102 103
Income from investments accounted for using the equity method 0 (1)
Financial losses 25 25
Income taxes paid/refunded (34) 10
Changes in inventories (81) (69)
Changes in trade receivables (109) (108)
Changes in trade payables (95) (31)
Changes in other assets and liabilities 1 42
Net cash provided by (used in) operating activities (160) 9
     
Cash outflows for purchases of intangible assets, property, plant and equipment (93) (108)
Cash inflows from/outflows for financial assets 235 (17)
Cash inflows from sales of intangible assets, property, plant and equipment 1 0
Cash inflows from divestments of subsidiaries and other businesses, less divested cash and cash equivalents 0 3
Interest and dividends received 1 0
Net cash provided by (used in) investing activities 144 (122)
     
Proceeds from borrowings 19 116
Repayments of borrowings (30) (20)
Interest paid and other financial disbursements (8) (7)
Net cash provided by (used in) financing activities (19) 89
     
Change in cash and cash equivalents from business activities (35) (24)
Cash and cash equivalents at beginning of period 386 427
Other changes in cash and cash equivalents 2 2
Cash and cash equivalents at end of period 353 405