Chapters
Annual Report 2020

Consolidated Cash Flow Statement

in thousands of EUR

Notes

2020

2019

Cash flows from operating activities

Cash generated from operations

28

794,543

1,000,863

Tax paid

10

- 40,290

- 123,482

Net cash from operating activities

754,253

877,381

Cash flows from investing activities

Purchase of property, plant and equipment

11

- 107,493

- 140,309

Purchase of intangible assets

14

- 44,701

- 57,419

Proceeds from sales of (in)tangible assets

4,401

9,655

Acquisition of subsidiaries, net of cash acquired

- 7,104

- 154,497

Settlement of contingent consideration

27

- 2,000

- 19,540

Change in other non-current receivables and lease prepayments

- 4,887

481

Net cash used in investing activities

- 161,784

- 361,629

Cash flows from financing activities

Proceeds from borrowings

22

601,843

203,196

Repayments of borrowings

22

- 804,321

- 141,171

Repayments of lease liabilities

12

- 359,217

- 400,492

Receipts from finance subleases

12

15,210

16,717

Interest paid

- 14,419

- 19,367

Interest swap payments

23

- 3,218

- 3,126

Interest received

1,531

3,179

Dividends paid to non-controlling interests

21

- 10,747

- 16,681

Dividends paid to shareholders

20

-

- 83,743

Purchase of treasury shares

-

- 3,814

Acquisition of non-controlling interest

-

- 419

Net cash used in financing activities

- 573,338

- 445,721

Net increase in cash and cash equivalents

19,131

70,031

Cash and cash equivalents at beginning of the year

134,241

71,619

Effect of exchange rate changes on cash and cash equivalents

- 636

- 7,409

Cash and cash equivalents at end of year

17

152,736

134,241

The accompanying notes are an integral part of these consolidated financial statements.