Consolidated Statement of Cash Flows

in € million

 

Jan. 1–Sep. 30, 2017

 

Jan. 1–Sep. 30, 2016

 

 

 

 

 

1)

Thereof restricted cash € 67.8 million (Sep. 30, 2016: € 48.4 million)

Profit for the period

 

1,205.2

 

278.3

Net income from fair value adjustments of investment properties

 

-1,164.7

 

Revaluation of assets held for sale

 

-60.5

 

-37.9

Depreciation and amortization

 

23.0

 

16.4

Interest expenses/income

 

218.2

 

354.0

Income taxes

 

663.8

 

177.1

Results from disposals of investment properties

 

-45.6

 

-34.3

Results from disposals of other non-current assets

 

-0.5

 

-0.3

Other expenses/income not affecting net income

 

1.3

 

-0.3

Change in working capital

 

-85.5

 

-84.7

Income tax paid

 

-35.7

 

-31.6

Cash flow from operating activities

 

719.0

 

636.7

 

 

 

 

 

Proceeds from disposals of investment properties and assets held for sale

 

935.1

 

1,081.6

Proceeds from disposals of other assets

 

16.3

 

1.3

Payments for acquisition of investment properties

 

-650.5

 

-327.4

Payments for acquisition of other assets

 

-57.4

 

-432.3

Payments (last year: proceeds) for acquisition of shares in consolidated companies, in due consideration of liquid funds

 

-1,412.0

 

0.3

Interest received

 

3.3

 

3.0

Cash flow from investing activities

 

-1,165.2

 

326.5

 

 

 

 

 

Cash paid to shareholders of Vonovia SE and non-controlling interests

 

-272.1

 

-445.2

Proceeds from issuing financial liabilities

 

1,680.3

 

1,576.9

Cash repayments of financial liabilities

 

-2,175.0

 

-3,576.2

Payments for transaction costs in relating to capital measures

 

-14.2

 

-14.0

Payments for other financing costs

 

-38.4

 

-213.0

Payments for the acquisition of shares in non-controlling interests

 

-12.8

 

-15.7

Proceeds for the sale of shares of consolidated companies

 

276.6

 

Interest paid

 

-199.2

 

-265.8

Cash flow from financing activities

 

-754.8

 

-2,953.0

 

 

 

 

 

Net changes in cash and cash equivalents

 

-1,201.0

 

-1,989.8

Cash and cash equivalents at the beginning of the period

 

1,540.8

 

3,107.9

Cash and cash equivalents at the end of the period1)

 

339.8

 

1,118.1