Cash Flow Statement


€ million

Jan – Sep
2009

Jan – Sep
2008

1

In the first three quarters of 2009 after funding the contractual trust arrangement (€ 40 million).

Income

2,967

2,459

Depreciation, amortisation, impairment losses, write backs

1,754

1,612

Changes in provisions

–1,058

–123

Deferred taxes / non-cash income and expenses / income from disposal of non-current assets and marketable securities

256

1,577

Changes in working capital

207

–1,176

Cash flows from operating activities of continuing operations

4,126

4,349

Cash flows from operating activities of discontinued operations

11

288

Cash flows from operating activities

4,137

4,637

Capital expenditure on non-current assets / acquisitions

–12,223

–3,339

Proceeds from disposal of assets / divestitures

1,098

1,091

Changes in marketable securities and cash investments

1,921

3,909

Cash flows from investing activities of continuing operations1

–9,204

1,661

Cash flows from investing activities of discontinued operations

–78

–487

Cash flows from investing activities

–9,282

1,174

Cash flows from financing activities of continuing operations

7,144

–5,387

Cash flows from financing activities of discontinued operations

65

195

Cash flows from financing activities

7,209

–5,192

Net cash change in cash and cash equivalents

2,064

619

Effects of changes in foreign exchange rates and other changes in value on cash and cash equivalents

12

4

Net cash change in cash and cash equivalents from discontinued operations

2

4

Net change in cash and cash equivalents

2,078

627

Cash and cash equivalents at beginning of the reporting period

1,249

1,922

Cash and cash equivalents at end of the reporting period

3,327

2,549