CASH FLOW STATEMENT BY DIVISION |
|
|
||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
VOLKSWAGEN GROUP |
AUTOMOTIVE1 |
FINANCIAL SERVICES |
|||||||||||||||||||||
|
||||||||||||||||||||||||
€ million |
2016 |
2015 |
2016 |
2015 |
2016 |
2015 |
||||||||||||||||||
|
|
|
|
|
|
|
||||||||||||||||||
Cash and cash equivalents at beginning of period |
20,462 |
18,634 |
15,294 |
16,010 |
5,168 |
2,624 |
||||||||||||||||||
Earnings before tax |
7,292 |
−1,301 |
4,884 |
−3,634 |
2,408 |
2,333 |
||||||||||||||||||
Income taxes paid |
−3,315 |
−3,238 |
−3,526 |
−2,985 |
211 |
−254 |
||||||||||||||||||
Depreciation and amortization expense2 |
20,924 |
19,693 |
14,331 |
13,516 |
6,593 |
6,176 |
||||||||||||||||||
Change in pension provisions |
235 |
309 |
224 |
295 |
11 |
14 |
||||||||||||||||||
Other noncash income/expense and reclassifications3 |
871 |
817 |
556 |
325 |
316 |
493 |
||||||||||||||||||
Gross cash flow |
26,007 |
16,280 |
16,468 |
7,518 |
9,539 |
8,762 |
||||||||||||||||||
Change in working capital |
−16,576 |
−2,601 |
3,803 |
16,278 |
−20,379 |
−18,880 |
||||||||||||||||||
Change in inventories |
−3,637 |
−3,149 |
−3,313 |
−2,706 |
−324 |
−444 |
||||||||||||||||||
Change in receivables |
−2,155 |
−1,807 |
−1,876 |
−1,001 |
−280 |
−805 |
||||||||||||||||||
Change in liabilities |
5,048 |
2,807 |
4,474 |
2,641 |
574 |
166 |
||||||||||||||||||
Change in other provisions |
5,732 |
18,019 |
5,616 |
17,989 |
116 |
30 |
||||||||||||||||||
Change in lease assets (excluding depreciation) |
−12,074 |
−10,808 |
−1,157 |
−765 |
−10,917 |
−10,043 |
||||||||||||||||||
Change in financial services receivables |
−9,490 |
−7,663 |
58 |
120 |
−9,547 |
−7,784 |
||||||||||||||||||
Cash flows from operating activities |
9,430 |
13,679 |
20,271 |
23,796 |
−10,840 |
−10,117 |
||||||||||||||||||
Cash flows from investing activities attributable to operating activities |
−16,797 |
−15,523 |
−15,941 |
−14,909 |
−856 |
−614 |
||||||||||||||||||
of which: investments in property, plant and equipment, investment property and intangible assets, excluding capitalized development costs |
−13,152 |
−13,213 |
−12,795 |
−12,738 |
−357 |
−476 |
||||||||||||||||||
capitalized development costs |
−5,750 |
−5,021 |
−5,750 |
−5,021 |
– |
– |
||||||||||||||||||
acquisition and disposal of equity investments |
1,754 |
2,178 |
2,283 |
2,361 |
−528 |
−183 |
||||||||||||||||||
Net cash flow4 |
−7,367 |
−1,845 |
4,330 |
8,887 |
−11,696 |
−10,731 |
||||||||||||||||||
Change in investments in securities, loans and time deposits |
−3,882 |
−5,628 |
−3,125 |
−3,506 |
−757 |
−2,122 |
||||||||||||||||||
Cash flows from investing activities |
−20,679 |
−21,151 |
−19,066 |
−18,415 |
−1,613 |
−2,736 |
||||||||||||||||||
Cash flows from financing activities |
9,712 |
9,068 |
−2,298 |
−6,333 |
12,009 |
15,401 |
||||||||||||||||||
of which: capital transactions with noncontrolling interests |
−3 |
−0 |
−3 |
−0 |
– |
– |
||||||||||||||||||
Capital contributions/capital redemptions |
– |
2,457 |
−1,454 |
140 |
1,454 |
2,317 |
||||||||||||||||||
Effect of exchange rate changes on cash and cash equivalents |
−91 |
232 |
−76 |
236 |
−15 |
−4 |
||||||||||||||||||
Net change in cash and cash equivalents |
−1,628 |
1,828 |
−1,169 |
−717 |
−460 |
2,544 |
||||||||||||||||||
|
|
|
|
|
|
|
||||||||||||||||||
Cash and cash equivalents at Dec. 315 |
18,833 |
20,462 |
14,125 |
15,294 |
4,709 |
5,168 |
||||||||||||||||||
Securities, loans and time deposits |
28,036 |
24,613 |
17,911 |
14,812 |
10,125 |
9,801 |
||||||||||||||||||
Gross liquidity |
46,869 |
45,075 |
32,036 |
30,105 |
14,833 |
14,969 |
||||||||||||||||||
Total third-party borrowings |
−154,819 |
−145,604 |
−4,856 |
−5,583 |
−149,963 |
−140,021 |
||||||||||||||||||
Net liquidity6 |
−107,950 |
−100,530 |
27,180 |
24,522 |
−135,130 |
−125,052 |