CONSOLIDATED STATEMENT OF CASH FLOWS for the fiscal years 2008 and 2007
in € thousands Note | 2008 | 2007 |
|
| |
Net income for the year | 115,860 | 88,407 |
Income taxes | 54,781 | 45,722 |
Net financial income/expense | 5,122 | -294 |
Amortization/depreciation of non-current assets | 25,538 | 15,140 |
Other non-cash income/expense | 4,967 | 5,429 |
Operating cash flow before changes in working capital | 202,268 | 154,404 |
Changes in inventories, receivables and
| -56,611 | -7,119 |
Changes in payables and other liabilities | 40,713 | -25,370 |
Income taxes paid | -45,168 | -28,299 |
Interest paid | -10,528 | -9,335 |
Interest received | 5,408 | 9,728 |
Net cash from operating activities | 140,082 | 94,009 |
Proceeds from the sale of property, plant and equipment/intangible assets | 2,553 | 1,135 |
Purchase of property, plant and equipment/
| -11,278 | -10,964 |
Proceeds from the sale of financial assets | 3,097 | 2,945 |
Purchase of financial assets | -1,009 | -4,916 |
Payment for acquisitions, net | -38,854 | -362,321 |
Net cash used in investing activities | -45,491 | -374,121 |
Proceeds from issue of share capital | 1,809 | 7,225 |
Dividends paid | -28,539 | -25,302 |
Additions to financial liabilities | 0 | 328,403 |
Repayments of financial liabilities | -46,203 | -119,295 |
Payments for hedging instruments | -3,361 | -11,260 |
Net cash provided by/used in financing activities | -76,294 | 179,771 |
Change in cash and cash equivalents from cash relevant transactions | 18,297 | -100,341 |
Currency translation adjustment | -2,666 | -3,139 |
Net change in cash and cash equivalents | 15,631 | -103,480 |
Cash and cash equivalents at beginning of period | 81,294 | 184,774 |
Cash and cash equivalents at end of period | 96,925 | 81,294 |
