cash flow

Adjustments to the consolidated result for non-cash effects

Net income

58,295

362,244

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

11

541,192

424,053

Depreciation and amortization of assets resulting from business combinations

11

114,058

114,040

Net effect from share-based payment programs

36

10,307

–4,262

Share of the profit or loss of associates accounted for using the equity method

24

199,379

58,134

Distributed profits of associated companies

24, 46

123

156

Other non-cash items from changes in deferred tax position

15

72,307

–40,836

Non-cash changes in fair value of operational derivatives

9.1, 9.2, 41

–2,042

6,339

Non-cash changes in fair value of non-operational derivatives

13, 14, 41

–9,191

5,058

Interest expense arising from the accretion of lease payments

13, 45

35,645

21,347

Other financing expenses

113,134

116,659

Financial income

–2,815

–2,039

Other non-cash items

–1,500

0

Cash flow before changes in balance sheet items (subtotal)

1,128,891

1,060,892

Change in receivables and other assets

–5,543

–137,078

Change in inventories

58,416

–57,522

Change in contract assets

64,483

–17,648

Change in income tax claims

–58,365

–13

Change in prepaid expenses

–211,863

–272,539

Change in trade accounts payable

35,171

136,765

Change in other provisions

7,752

22,926

Change in other liabilities

–32,780

39,496

Change in contract liabilities

7,951

17,946

Change in assets and liabilities, total

–174,770

–232,394

Cash flow from operating activities

954,121

828,498

Cash flow from investing activities

Cash payments to acquire property, plant and equipment and intangibles

26, 27

–774,598

–797,892

Cash receipts from sales of property, plant and equipment and intangibles

4,981

5,775

Payments for the acquisition/capital increase of associated companies

4.1, 24

–1,030

–2,866

Interest received

1,826

1,464

Investments in other financial assets

25

–463

0

Subsequent payments related to business combinations

34.1

5,572

–4,416

Payments for loans granted

42

0

–259

Payments received from the repayment of other financial assets

–1,890

0

Cash flow from investment activities

–765,602

–798,194

Cash flow from financing activities

Purchase of treasury stock

39

0

–291,892

Taking out of loans

46

1,303,475

1,087,202

Repayment of loans

46

–946,797

–782,000

Interest paid

–149,455

–91,037

Redemption of spectrum liabilities

42, 46

–61,266

–61,266

Redemption of lease liabilities

44, 45

–137,092

–121,343

Dividend payments

17

–86,408

–86,408

Dividend payments to non-controlling interests

40

–1,893

–1,893

Outgoing payments to / incoming payments from minority shareholders

4.2, 38, 46

–22,319

305,048

Cash flow from financing activities

–101,754

–43,590

Net decrease / increase in cash and cash equivalents

86,765

–13,285

Cash and cash equivalents at beginning of fiscal year

27,689

40,523

Currency translation adjustments of cash and cash equivalents

403

451

Cash and cash equivalents at end of reporting period

18

114,857

27,689