Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows
in € million | Notes | Jan. 1–Dec. 31, 2023 | Jan. 1–Dec. 31, 2024 | ||||
Profit for the period | -6,756.2 | -962.3 | |||||
Net income from fair value adjustments of investment properties | 10,844.5 | 1,567.2 | |||||
Revaluation of assets held for sale | -18.4 | -42.8 | |||||
Depreciation and amortization | 464.7 | 134.3 | |||||
Interest expenses/income and other financial result | 456.1 | 924.9 | |||||
Income taxes | -2,622.8 | 386.3 | |||||
Profit on the disposal of investment properties | -59.7 | -74.5 | |||||
Results from disposals of other non-current assets | -0.1 | -3.5 | |||||
Other expenses/income not affecting cash | 87.6 | 390.6 | |||||
Change in working capital | -340.2 | 332.1 | |||||
Income tax paid | -154.3 | -250.7 | |||||
Cash flow from operating activities | 1,901.2 | 2,401.6 | |||||
Proceeds from disposals of investment properties and assets held for sale | 588.4 | 1,398.3 | |||||
Proceeds from disposals of other assets | 651.6 | 105.8 | |||||
Payments for investments in investment properties | -1,103.7 | -1,265.9 | |||||
Payments for investments in other assets | -716.7 | -497.0 | |||||
Payments for acquisition of shares in consolidated companies, in due consideration of liquid funds | – | -2.4 | |||||
Payments for acquisition of other financial assets | -314.0 | – | |||||
Interest received | 68.5 | 73.6 | |||||
Cash flow from investing activities | -825.9 | -187.6 | |||||
Cash paid to shareholders of Vonovia SE | -372.9 | -506.4 | |||||
Cash paid to non-controlling interests | -40.5 | -143.7 | |||||
Proceeds from issuing financial liabilities | 4,310.3 | 2,943.8 | |||||
Cash repayments of financial liabilities | -6,191.2 | -3,212.3 | |||||
Cash repayments of lease liabilities | -36.8 | -42.8 | |||||
Payments for transaction costs in connection with capital measures | -2.7 | -16.5 | |||||
Payments/proceeds for other financing costs | 0.8 | -32.1 | |||||
Payments in connection with the disposal of shares in non-controlling interests | -0.3 | -3.3 | |||||
Payments/proceeds in connection with the sale of shares of ongoing consolidated companies | 2,091.6 | -40.9 | |||||
Interest paid | -719.3 | -766.8 | |||||
Cash flow from financing activities | -961.0 | -1,821.0 | |||||
Influence of changes in foreign exchange rates on cash and cash equivalents | 2.1 | -3.4 | |||||
Cash and cash equivalents total | |||||||
Net changes in cash and cash equivalents | 116.4 | 389.6 | |||||
Cash and cash equivalents at the beginning of the period | 1,302.4 | 1,418.8 | |||||
Cash and cash equivalents at the end of the period | 1,418.8 | 1,808.4 | |||||
Cash and cash equivalents from discontinued operations* | |||||||
Net changes in cash and cash equivalents** | 2.8 | -0.9 | |||||
Cash and cash equivalents at the beginning of the period | 41.6 | 44.4 | |||||
Cash and cash equivalents at the end of the period | 44.4 | 43.5 | |||||
Reclassification of cash and cash equivalents into disposal group | – | -8.2 | |||||
Cash and cash equivalents from continuing operations (without disposal group) | |||||||
Net changes in cash and cash equivalents | 113.6 | 382.3 | |||||
Cash and cash equivalents at the beginning of the period | 1,260.8 | 1,374.4 | |||||
Cash and cash equivalents at the end of the period*** | 1,374.4 | 1,756.7 | |||||
- *For reasons of comparability, a separate presentation is made for the year 2023 in accordance with IFRS 5 as in 2024.
- **Changes in cash in connection with discontinued operations are included in the cash flow from operating activities in the amount of € 47.1 million (2023: € 57.1 million), in the cash flow of investing activities in the amount of € -46.4 million (2023: € -43.2 million) and in the cash flow from financing activities in the amount of € -1.6 million (2023: € -11.1 million).
- ***Includes total restricted cash of € 65.4 million (Dec. 31, 2023: € 415.8 million).