| | [Table 4.4] |
|---|
| | Note | 2010 | 2011 |
| | | € million | € million |
| Income after taxes | | 1,310 | 2,472 |
| Income taxes | | 411 | 891 |
| Non-operating result | | 1,009 | 786 |
| Income taxes paid or accrued | | (897) | (1,067) |
| Depreciation and amortization | | 3,556 | 2,769 |
| Change in pension provisions | | (590) | (504) |
| (Gains) losses on retirements of noncurrent assets | | (28) | (175) |
| Gross cash flow | | 4,771 | 5,172 |
| | | | |
| Decrease (increase) in inventories | | 211 | (241) |
| Decrease (increase) in trade accounts receivable | | (153) | (389) |
| (Decrease) increase in trade accounts payable | | 566 | 245 |
| Changes in other working capital, other non-cash items | | 378 | 273 |
Net cash provided by (used in) operating activities
(net cash flow) | [33] | 5,773 | 5,060 |
| | | | |
| Cash outflows for additions to property, plant, equipment and intangible assets | | (1,514) | (1,615) |
| Cash inflows from sales of property, plant, equipment and other assets | | 61 | 275 |
| Cash inflows from divestitures | | 101 | 173 |
| Cash inflows from (outflows for) noncurrent financial assets | | (461) | (211) |
| Cash outflows for acquisitions less acquired cash | | (31) | (261) |
| Interest and dividends received | | 53 | 75 |
| Cash inflows from (outflows for) current financial assets | | (623) | (2,326) |
| Net cash provided by (used in) investing activities | [34] | (2,414) | (3,890) |
| | | | |
| Dividend payments and withholding tax on dividends | | (1,160) | (1,242) |
| Issuances of debt | | 965 | 1,001 |
| Retirements of debt | | (2,509) | (1,398) |
| Interest paid including interest-rate swaps | | (915) | (902) |
| Interest received from interest-rate swaps | | 398 | 332 |
| Cash outflows for the purchase of additional interests in subsidiaries | | (9) | (4) |
| Net cash provided by (used in) financing activities | [35] | (3,230) | (2,213) |
| | | | |
| Change in cash and cash equivalents due to business activities | | 129 | (1,043) |
| | | | |
| Cash and cash equivalents at beginning of year | | 2,725 | 2,840 |
| | | | |
| Change in cash and cash equivalents due to changes in scope of consolidation | | - | - |
| Change in cash and cash equivalents due to exchange rate movements | | (14) | (27) |
| | | | |
| Cash and cash equivalents at end of year | | 2,840 | 1,770 |