Consolidated Cash Flow Statement

Cashflow Statement

(m€) FY 2015 FY 2016 FY 2017 FY 2018
Net Income IFRS 217,6 312,6 358,7 453,3
Depreciation and amortization 163,2 177,5 193,5 200,5
Change in provisions 152,6 189,4 192,2 184,5
Change in Working Capital -255,0 -291,6 -191,0 -320,4
Taxes -32,8 -43,1 -25,2 17,3
Interest, derivatives, others 50,6 13,2 -67,3 59,5
Cash Flow from operating activities 296,2 358,0 460,9 594,7
Net Investment in intangible assets -142,8 -108,1 -133,0 -120,4
Net Investment in property, plant, equipment -125,4 -154,7 -166,5 -184,4
Net Investments in financial assets 0,4 -51,2 -41,3 -31,2
Cash Flow from investing activities -267,8 -314,0 -340,8 -336,1
Adjustments 43,6 38,0 31,0 -55,7
Free Cash Flow 72,0 82,0 151,1 202,9
Cash Flow from financing activities -42,7 223,3 -332,9 -262,7
Cash and cash equivalents at  53,1 322,4 106,1 99.0