cash flow

Note

January - December

January - December

Result from operating activities

Net income

538,956

312,091

Adjustments to reconcile net income to net cash provided by operating activities

Depreciation and amortization of intangible assets and property, plant and equipment

11

292,665

193,780

Depreciation and amortization of assets resulting from company acquisitions

11

181,436

196,528

Write-ups on intangible assets

28

-19,438

0

Employee expenses from employee shareholdings

36

8,510

7,182

Result from associated companies

24

8,225

221,525

Income from the sale of associated companies

9.2, 24

-21,512

0

Other non-cash items from tax adjustments

15

-37,645

-42,358

Other non-cash items

13,14

-16,165

784

Other adjustments

0

2

Operative cash flow

935,032

889,534

Change in assets and liabilities

Change in receivables and other assets

21,346

-45,825

Change in inventories

10,349

-44,945

Change in contract assets

-89,578

-244,742

Change in income tax claims

108,065

-72,302

Change in deferred expenses

34,749

-168,453

Change in trade accounts payable

-81,041

160,813

Change in other accrued liabilities

-29,491

-16,503

Change in income tax liabilities

-96,258

57,663

Change in other liabilities

18,589

-21,449

Change in contract liabilities

-2,835

-11,511

Change in assets and liabilities, total

-106,104

-407,254

Cash flow from operating activities

828,928

482,280

Note

January - December

January - December

Cash flow from investing activities

Capital expenditure for intangible assets and property, plant and equipment

-252,776

-271,761

Payments from disposals of intangible assets and property, plant and equipment

8,775

9,386

Payments for company acquisitions less cash received

4.1

0

-72,045

Purchase of shares in associated companies

4.1, 24

-5,037

-8,260

Payments received from the sale of associated companies

35,627

0

Payments in connection with company transactions

4.3

0

-8,300

Payments for loans granted

-3,630

-1,291

Payments from the sale of financial assets

303,727

1,326

Payments received from the repayment of other financial assets

525

0

Cash flow from investment activities

87,211

-350,945

Cash flow from financing activities

Purchase of treasury stock

39

-373,584

0

Taking out loans

45

15,453

225,267

Repayment of loans

45

-216,228

-248,185

Redemption of spectrum liabilities

-61,266

0

Redemption of finance lease liabilities and rights of use

44, 45

-111,023

-25,864

Dividend payments

17

-10,015

-170,006

Dividend payments to non-controlling interests

-2,557

-75,360

Payments from the redemption of a bond

0

-3,100

Payments from/to minority interests

-98,384

-15,353

Cash flow from financing activities

-857,604

-312,601

Net increase/decrease in cash and cash equivalents

58,535

-181,266

Cash and cash equivalents

at beginning of fiscal year

58,066

238,522

Currency translation adjustments of cash and cash equivalents

973

810

Cash and cash equivalents at end of fiscal year

117,573

58,066