Bayer Group Consolidated Statements of Cash Flows

Income from continuing operations after taxes

2,306

1,720

Income taxes

(72)

636

Non-operating result

920

1,188

Income taxes paid or accrued

(915)

(812)

Depreciation and amortization

2,712

2,722

Change in pension provisions

(369)

(292)

(Gains) losses on retirements of noncurrent assets

(13)

(75)

Non-cash effects of the remeasurement of acquired assets (inventory work-down)

215

208

Decrease (increase) in inventories

(347)

(692)

Decrease (increase) in trade accounts receivable

(183)

(134)

(Decrease) increase in trade accounts payable

189

(36)

Changes in other working capital, other non-cash items

(162)

(825)

Net cash provided by (used in) operating activities (net cash flow),
discontinued operations

[6.3]

2

-

Cash outflows for additions to property, plant, equipment
and intangible assets

(1,860)

(1,759)

Cash inflows from sales of property, plant, equipment and other assets

165

167

Cash inflows from (outflows for) divestitures

4,648

(41)

Cash inflows from (outflows for) noncurrent financial assets

70

(390)

Cash outflows for acquisitions less acquired cash

(491)

(1,617)

Interest and dividends received

636

553

Cash inflows from (outflows for) current financial assets

18

(2)

Capital contributions

-

-

Dividend payments and withholding tax on dividends

(773)

(1,126)

Issuances of debt

2,155

2,277

Retirements of debt

(7,768)

(752)

Interest paid

(1,344)

(1,272)

Change in cash and cash equivalents due to changes
in scope of consolidation

(4)

3

Change in cash and cash equivalents due to exchange rate movements

(119)

(86)