Cash Flow Statement

(all amounts in € thousands) 2021 2020 * 2019
Cash flows from operating activities      
Profit after taxes 91,555 1,160 53,155
Adjustments before changes in working capital 183,186 302,968 232,067
Changes in working capital -43,978 5,474 -1,045
Cash generated from operations 230,763 309,602 284,177
Income tax paid -12,172 -10,176 -9,817
Net cash generated from operating activities (a) 218,591 299,426 274,360
Cash flows from investing activities      
Payments for intangible assets, property, plant & equipment -126,044 -84,296 -109,313
Proceeds from sale of PPE, intangible assets and investment property 8,694 3,110 6,824
Proceeds from dividends 0,934 2,449 3,335
Net proceeds/(payments) from changes in investments to afliates and other investing activities 0,826 -0,126 1,401
Net cash flows used in investing activities (b) -115,590 -78,863 -97,753
Net cash flows after investing activities (a)+(b) 103,001 220,563 176,607
Cash flows from financing activities      
Acquisition of non-controlling interests -40,814 -21,795 -20,376
Net payment due to change of parent company to TCI - - -52,219
Payments due to share capital decreases -0,767 - -1,266
Dividends paid -31,985 -17,615 -13,690
Payments for shares bought back -3,230 -8,816 -6,855
Other proceeds from financing activities 1,181 0,779 3,276
Interest and other related charges paid -36,153 -49,917 -63,914
Net (payments of)/proceeds from financial and lease liabilities -121,148 2,499 -105,030
Net cash flows used in financing activities (c ) -232,916 -94,865 -260,074
Net (decrease)/increase in cash and cash equivalents (a)+(b)+(c) -129,915 125,698 -83,467
Cash and cash equivalents at beginning of the year 206,438 90,388 171,000
Effects of exchange rate changes 3,359 -9,648 2,855
Cash and cash equivalents at end of the year 79,882 206,438 90,388

 

*  Restated due to application of IFRIC Agenda Decision IAS 19