Consolidated Statement of Cash Flows
in € million | Jan. 1– Sep. 30, 2020 | Jan. 1– Sep. 30, 2021 | |||
Profit for the period | 1,891.6 | 3,869.1 | |||
Net income from fair value adjustments of investment properties | -1,830.2 | -5,073.0 | |||
Revaluation of assets held for sale | -42.7 | -21.8 | |||
Depreciation and amortization | 66.4 | 255.8 | |||
Interest expenses/income and other financial result | 312.6 | 410.9 | |||
Income taxes | 940.1 | 1,964.1 | |||
Results from disposals of investment properties | -84.9 | -68.3 | |||
Results from disposals of other non-current assets | -0.1 | 0.5 | |||
Other expenses/income not affecting cash | 5.9 | -95.4 | |||
Change in working capital | -174.2 | -133.2 | |||
Income tax paid | -67.8 | -82.4 | |||
Cash flow from operating activities | 1,016.7 | 1,026.3 | |||
Proceeds from disposals of investment properties and assets held for sale | 435.7 | 481.3 | |||
Proceeds from disposals of other assets | 0.3 | 0.7 | |||
Payments for investments in investment properties | -1,183.2 | -1,148.9 | |||
Payments for investments in other assets | -238.4 | -473.2 | |||
Payments for acquisition of shares in consolidated companies, in due consideration of liquid funds | -226.0 | -6,490.9 | |||
Payments for cash investments held as financial assets | – | -999.9 | |||
Interest received | 7.1 | 5.8 | |||
Cash flow from investing activities | -1,204.5 | -8,625.1 | |||
Capital contributions on the issue of new shares (including premium) | 1,003.0 | – | |||
Cash paid to shareholders of Vonovia SE and non-controlling interests | -506.7 | -493.0 | |||
Proceeds from issuing financial liabilities | 3,890.3 | 12,314.3 | |||
Cash repayments of financial liabilities | -2,635.1 | -2,165.7 | |||
Cash repayments of lease liabilities | -17.8 | -15.7 | |||
Payments for transaction costs in connection with capital measures | -38.8 | -197.3 | |||
Payments for other financing costs | -9.9 | -6.5 | |||
Payments in connection with the disposal of shares in non-controlling interests | -10.8 | -7.6 | |||
Interest paid | -272.2 | -267.0 | |||
Cash flow from financing activities | 1,402.0 | 9,161.5 | |||
Influence of changes in foreign exchange rates on cash and cash equivalents | -1.3 | -1.6 | |||
Change in cash and cash equivalents related to assets held for sale | – | -1.1 | |||
Net changes in cash and cash equivalents | 1,212.9 | 1,560.0 | |||
Cash and cash equivalents at the beginning of the period | 500.7 | 613.3 | |||
Cash and cash equivalents at the end of the period* | 1,713.6 | 2,173.3 | |||
- * Includes € 898.5 million (Sep. 30, 2020: € 650.0 million) in current securities classified as cash equivalents and total restricted cash of € 75.7 million (Sep. 30, 2020: € 91.3 million).