Consolidated cash flow statement
for the 2024 financial year
| T089 | CONSOLIDATED CASH FLOW STATEMENT | ||
|---|---|---|---|
| in €m | Notes | 2024 | 2023 |
| Cash and cash equivalents as of 1 Jan | 1,668 | 1,784 | |
| Profit/loss before income taxes | 1,569 | 2,055 | |
| Depreciation, amortisation and impairment losses on non-current assets (net of reversals) | 6, 9 | 2,383 | 2,312 |
| Depreciation, amortisation and impairment losses on current assets (net of reversals)1) | 111 | 112 | |
| Net proceeds from disposal of non-current assets | 6, 10 | -182 | 144 |
| Result from equity investments | 11 | -189 | -223 |
| Net interest | 12 | 149 | 356 |
| Income tax payments / reimbursements | 14 | -181 | -92 |
| Significant non-cash expenses/income | 44 | -244 | -264 |
| Change in trade working capital1) | 525 | 207 | |
| Change in other assets and liabilities | -49 | 298 | |
| Net cash from/used in operating activities1) | 3,892 | 4,905 | |
| Capital expenditure for property, plant and equipment and intangible assets | 17, 18, 19, 21 | -3,657 | -3,544 |
| Capital expenditure for financial investments | 23, 24 | -86 | -32 |
| Additions to/disposals of repairable spare parts for aircraft1) | 20 | -241 | -466 |
| Proceeds from disposal of non-consolidated equity investments | 6 | 16 | |
| Cash inflows/outflows for disposal of consolidated equity investments | 49 | 376 | -14 |
| Cash outflows for acquisitions/capital increases of/at non-consolidated equity investments | 23, 24, 44 | -76 | -33 |
| Cash outflows for acquisitions of consolidated equity investments | – | – | |
| Proceeds from disposal of intangible assets, property, plant and equipment and other financial investments | 878 | 1,029 | |
| Interest income | 12 | 294 | 166 |
| Dividends received | 114 | 107 | |
| Net cash from/used for investing activities1) | -2,392 | -2,771 | |
| Purchase of securities/fund investments | -15,470 | -11,591 | |
| Disposal of securities/fund investments | 15,537 | 11,421 | |
| Net cash from/used for investing and cash management activities1) | -2,325 | -2,941 | |
| Transactions by non-controlling interests | – | -1 | |
| Borrowing of financial liabilities | 44 | 2,225 | 230 |
| Repayment of financial liabilities | 44 | -2,745 | -1,767 |
| Dividends paid | -372 | -25 | |
| Interest paid | 12 | -558 | -509 |
| Net cash from/used in financing activities | -1,450 | -2,072 | |
| Net increase/decrease in cash and cash equivalents | 117 | -108 | |
| Changes due to currency translation differences | 5 | -8 | |
| Cash and cash equivalents as of 31 Dec | 31 | 1,790 | 1,668 |
| Less cash and cash equivalents of companies held for sale as of 31 Dec. | – | 78 | |
| Cash and cash equivalents of companies not held for sale as of 31 Dec | 1,790 | 1,590 | |
| Interest-bearing securities and similar investments | 30 | 6,698 | 6,675 |
| Liquidity | 8,488 | 8,265 | |
| Net increase/decrease in liquidity | 223 | -36 | |
1) Previous year figures adjusted due to the reclassification of non-pool material from repairable spare parts to inventories. For details, see Note 44 Notes to cash flow from operating, investing and financing activities.