Cash and cash equivalentsdown significantly
Summary statement of cash flows
Cash flow from operating activities
Cash flow from investing activities
Cash flow from financing activities
Net change in cash and cash equivalents
Cash and cash equivalents as of Dec 31
- The significant decline in cash flow from operating activities was mainly due to negative working capital effects (principally higher trade receivables for performance- and balance-sheet-date-related reasons). There was also a negative one-off effect in connection with the Disposal Fund Act(about € 400 million). The positive development of the result before taxes and depreciation (€+79 million) compensated for this slightly.
- Cash outflow from investing activities increased markedly. This was essentially the result of higher payments for net capital expenditures (€+875 million), in connection with the purchase of ICE 4 trains, among other things. Furthermore, the cash outflow for the acquisition of shares in companies reported at cost in the consolidated financial statements rose (€+28 million), mainly because of the holding in uShip at DB Schenker.
- Cash flow from financing activities increased markedly. The development was mainly driven by the Federal Government’s capitalmeasures (cash flow from the capital increase: €+1,000 million, lower dividend payment: €–250 million).
At the same time cash outflows from the redemption of financial credits and repayments of finance lease liabilities both declined, by € 211 million and € 148 million respectively.
This was offset by an overall decline in cash flow from the issue and redemption of bonds (€ +356 million).
- As of December 31, 2017, as scheduled, DB Group held significantly fewer cash and cash equivalents compared with the end of the previous year.