Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows
in € million | Jan. 1- Mar. 31, 2022* | Jan. 1- Mar. 31, 2023 | |||
Profit for the period* | 58.3 | -2,088.1 | |||
Net income from fair value adjustments of investment properties | -404.8 | 3,612.2 | |||
Change in value from properties sold | -14.0 | -7.2 | |||
Depreciation and amortization* | 949.7 | 29.9 | |||
Interest expenses/income and other financial result | 39.8 | 152.0 | |||
Income taxes* | 51.3 | -1,095.9 | |||
Profit on the disposal of investment properties | -27.1 | -20.2 | |||
Results from disposals of other non-current assets | 0.4 | -1.7 | |||
Other expenses/income not affecting cash | -15.1 | 0.1 | |||
Change in working capital | -113.5 | -68.3 | |||
Income tax paid | -11.2 | 3.6 | |||
Cash flow from operating activities | 513.8 | 516.4 | |||
Proceeds from disposals of investment properties and assets held for sale | 2,548.9 | 134.5 | |||
Proceeds from disposals of other assets | 11.8 | 576.4 | |||
Proceeds from the disposal of other financial assets | 499.6 | – | |||
Payments for investments in investment properties | -628.2 | -247.3 | |||
Payments for investments in other assets | -19.8 | -542.1 | |||
Payments for acquisition of other financial assets | -700.0 | – | |||
Interest received | 4.3 | 17.4 | |||
Cash flow from investing activities | 1,716.6 | -61.1 | |||
Cash paid to non-controlling interests | -5.0 | -0.2 | |||
Proceeds from issuing financial liabilities | 4,636.2 | 256.2 | |||
Cash repayments of financial liabilities | -4,525.4 | -516.3 | |||
Cash repayments of lease liabilities | -12.4 | -11.6 | |||
Payments for transaction costs in connection with capital measures | -35.0 | -2.6 | |||
Payments for other financing costs | -5.6 | -0.5 | |||
Payments in connection with the disposal of shares in non-controlling interests | -52.2 | -0.1 | |||
Interest paid | -139.3 | -185.2 | |||
Cash flow from financing activities | -138.7 | -460.3 | |||
Influence of changes in foreign exchange rates on cash and cash equivalents | -1.1 | -0.9 | |||
Net changes in cash and cash equivalents | 2,090.6 | -5.9 | |||
Cash and cash equivalents at the beginning of the period | 1,432.8 | 1,302.4 | |||
Cash and cash equivalents at the end of the period** | 3,523.4 | 1,296.5 | |||
- *The impairment test for goodwill was recalculated due to the conclusion of the purchase price allocation in connection with the acquisition of Deutsche Wohnen. As a result, the impairment loss to be recognized as of March 31, 2022, decreased by € 164.3 million and income taxes increased by € 76.9 million. As a result, the profit for the period increased by € 87.4 million.
- **Includes € 100.5 million (Mar. 31, 2022: € – million) in current securities classified as cash equivalents and total restricted cash of € 102.0 million (Mar. 31, 2022: € 72.2 million).