Financial Position
Cash Flow
The Group cash flow is as follows:
Key Data from the Statement of Cash Flows
Key Data from the Statement of Cash Flows | |||||
in € million | 9M 2022 | 9M 2023 | |||
Cash flow from operating activities | 1,488.9 | 1,282.7 | |||
Cash flow from investing activities | 923.2 | -584.1 | |||
Cash flow from financing activities | -2,483.0 | -1,044.2 | |||
Influence of changes in foreign exchange rates | -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 | |||
The cash flow from operating activities came to € 1,282.7 million for the first nine months of 2023, compared with € 1,488.9 million for the first nine months of 2022.
The cash flow from investing activities shows a payout balance of € 584.1 million for the first nine months of 2023. Payments for the acquisition of investment properties came to € 780.4 million in the first nine months of 2023 (9M 2022: € 1,749.2 million). On the other hand, income from portfolio sales in the amount of € 300.1 million was collected (9M 2022: € 2,900.9 million). The prior-year figure was influenced to a considerable degree by the sale of residential and commercial units to public housing companies in Berlin.
The cash flow from financing activities of € -1,044.2 million (9M 2022: € -2,483.0 million) includes payments for regular and unscheduled repayments on financial liabilities in the amount of € 4,275.8 million (9M 2022: € 6,444.3 million) and, on the other hand, proceeds from issuing financial liabilities in the amount of € 3,299.1 million (9M 2022: € 5,208.2 million). It also includes € 1,083.2 million (9M 2022: € - million) in proceeds from disposals of shares in consolidated companies, with around € 1.0 billion resulting from the sale of shares as part of the Südewo transaction. Payouts for transaction and financing costs amounted to € 5.4 million (9M 2022: € 47.3 million). Interest paid in the first nine months of 2023 amounted to € 545.3 million (9M 2022: € 424.7 million).
Net changes in cash and cash equivalents came to € -348.9 million.