Consolidated Statement of Cash Flows

Consolidated Statement of Cash Flows

in € million

Jan. 1-Mar. 31, 2021

Jan. 1-Mar. 31, 2022

Profit for the period

247.0

-29.1

Net income from fair value adjustments of investment properties

-2.4

-404.8

Revaluation of assets held for sale

-16.0

-14.0

Depreciation and amortization

21.2

1,114.0

Interest expenses/income and other financial result

82.3

39.8

Income taxes

127.4

-25.6

Profit on disposal of investment properties

-18.3

-27.1

Results from disposals of other non-current assets

0.2

0.4

Other expenses/income not affecting cash

-3.4

-15.1

Change in working capital

-107.6

-113.5

Income tax paid

-30.5

-11.2

Cash flow from operating activities

299.9

513.8

Proceeds from disposals of investment properties and assets held for sale

213.6

2,548.9

Proceeds from disposals of other assets

0.3

11.8

Proceeds from disposal of other financial assets

499.6

Payments for investments in investment properties

-309.6

-628.2

Payments for investments in other assets

-15.6

-19.8

Payments for acquisition of other financial assets

-700.0

Interest received

4.2

4.3

Cash flow from investing activities

-107.1

1,716.6

Cash paid to non-controlling interests

-3.8

-5.0

Proceeds from issuing financial liabilities

1,641.9

4,636.2

Cash repayments of financial liabilities

-152.6

-4,525.4

Cash repayments of lease liabilities

-7.0

-12.4

Payments for transaction costs in connection with capital measures

-23.6

-35.0

Payments for other financing costs

-1.4

-5.6

Payments in connection with the disposal of shares in non-controlling interests

-52.2

Interest paid

-106.1

-139.3

Cash flow from financing activities

1,347.4

-138.7

Influence of changes in foreign exchange rates on cash and cash equivalents

-3.0

-1.1

Net changes in cash and cash equivalents

1,537.2

2,090.6

Cash and cash equivalents at the beginning of the period

613.3

1,432.8

Cash and cash equivalents at the end of the period*

2,150.5

3,523.4

  1. * Includes € - million (Mar. 31, 2021: € 1,278.0 million) in current securities classified as cash equivalents and total restricted cash of € 72.2 million (Mar. 31, 2021: € 128.3 million).