€ million |
|
Note |
|
2024 |
|
2025 |
|---|---|---|---|---|---|---|
Income after income taxes |
|
|
|
(2,546) |
|
(3,595) |
Income taxes |
|
|
|
212 |
|
466 |
Financial result |
|
|
|
2,263 |
|
2,052 |
Income taxes paid |
|
|
|
(1,222) |
|
(1,243) |
Depreciation, amortization and impairment losses (loss reversals) |
|
|
|
8,783 |
|
2,785 |
Change in pension provisions |
|
|
|
(494) |
|
(217) |
(Gains) losses on retirements of noncurrent assets |
|
|
|
(207) |
|
(469) |
Decrease (increase) in inventories |
|
|
|
521 |
|
475 |
Decrease (increase) in trade accounts receivable |
|
|
|
197 |
|
(852) |
(Decrease) increase in trade accounts payable |
|
|
|
(120) |
|
(176) |
Changes in other working capital, other noncash items |
|
|
|
(19) |
|
6,704 |
Net cash provided by (used in) operating activities |
|
|
|
7,368 |
|
5,930 |
Cash outflows for additions to property, plant, equipment and intangible assets |
|
|
|
(2,778) |
|
(2,487) |
Cash inflows from sales of property, plant, equipment |
|
|
|
295 |
|
415 |
Cash inflows from (outflows for) divestments |
|
|
|
17 |
|
(2) |
Cash inflows from noncurrent financial assets |
|
|
|
18 |
|
144 |
Cash outflows for noncurrent financial assets |
|
|
|
(251) |
|
(179) |
Cash outflows for acquisitions less acquired cash |
|
|
|
(184) |
|
(196) |
Interest and dividends received |
|
|
|
489 |
|
339 |
Cash inflows from (outflows for) current financial assets |
|
|
|
2,558 |
|
696 |
Net cash provided by (used in) investing activities |
|
|
|
164 |
|
(1,270) |
Cash outflows to acquire Bayer AG shares (BayShare) |
|
|
|
(16) |
|
(14) |
Dividend payments |
|
|
|
(131) |
|
(127) |
Issuances of debt |
|
|
|
5,815 |
|
6,282 |
Retirements of debt |
|
|
|
(10,833) |
|
(8,327) |
Interest paid including interest-rate swaps |
|
|
|
(1,977) |
|
(1,698) |
Interest received from interest-rate swaps |
|
|
|
5 |
|
– |
Cash outflows for the purchase of additional interests in subsidiaries |
|
|
|
(41) |
|
– |
Net cash provided by (used in) financing activities |
|
|
|
(7,178) |
|
(3,884) |
Change in cash and cash equivalents due to business activities |
|
|
354 |
|
776 |
|
Cash and cash equivalents at beginning of year |
|
|
|
5,907 |
|
6,191 |
Change in cash and cash equivalents due to changes in scope of consolidation |
|
|
|
(2) |
|
– |
Change in cash and cash equivalents due to hyperinflation of cash flows |
|
|
|
(58) |
|
(5) |
Change in cash and cash equivalents due to exchange rate movements |
|
|
|
(10) |
|
(291) |
Cash and cash equivalents at end of year |
|
|
|
6,191 |
|
6,671 |