Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows
in € million | Jan. 1- | Jan. 1- | |||
Profit for the period | 2,211.7 | -3,808.9 | |||
Net income from fair value adjustments of investment properties | -3,137.6 | 6,318.9 | |||
Revaluation of assets held for sale | -63.2 | -15.0 | |||
Depreciation and amortization | 1,136.1 | 423.3 | |||
Interest expenses/income and other financial result | 204.3 | 396.9 | |||
Income taxes | 1,168.0 | -1,534.7 | |||
Profit on the disposal of investment properties | -56.9 | -46.3 | |||
Results from disposals of other non-current assets | -0.1 | 1.0 | |||
Other expenses/income not affecting cash | 410.9 | 23.8 | |||
Change in working capital | -226.0 | -364.1 | |||
Income tax paid | -158.3 | -112.2 | |||
Cash flow from operating activities | 1,488.9 | 1,282.7 | |||
Proceeds from disposals of investment properties and assets held for sale | 2,900.9 | 300.1 | |||
Proceeds from disposals of other assets | 13.2 | 704.6 | |||
Proceeds from the disposal of other financial assets | 1,399.6 | – | |||
Payments for investments in investment properties | -1,749.2 | -780.4 | |||
Payments for investments in other assets | -152.9 | -707.0 | |||
Payments for acquisition of other financial assets | -1,500.0 | -139.0 | |||
Interest received | 11.6 | 37.6 | |||
Cash flow from investing activities | 923.2 | -584.1 | |||
Cash paid to shareholders of Vonovia SE and non-controlling interests | -691.2 | -391.3 | |||
Proceeds from issuing financial liabilities | 5,208.2 | 3,299.1 | |||
Cash repayments of financial liabilities | -6,444.3 | -4,275.8 | |||
Prerepayments of financial liabilities | – | -179.0 | |||
Cash repayments of lease liabilities | -31.5 | -29.6 | |||
Payments for transaction costs in connection with capital measures | -35.7 | -2.7 | |||
Payments for other financing costs | -11.6 | -2.7 | |||
Payments in connection with the disposal of shares in non-controlling interests | -52.2 | -0.1 | |||
Proceeds for the sale of shares of consolidated companies | – | 1,083.2 | |||
Interest paid | -424.7 | -545.3 | |||
Cash flow from financing activities | -2,483.0 | -1,044.2 | |||
Influence of changes in foreign exchange rates on cash and cash equivalents | -5.4 | -3.3 | |||
Net changes in cash and cash equivalents | -76.3 | -348.9 | |||
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* | 1,356.5 | 953.5 | |||
- *Includes restricted cash of € 206.9 million (Sep. 30, 2022: € 111.2 million).