Condensed Consolidated Statements of Cash Flows

 3Q 093Q 081-9 M 091-9 M 08
in EUR millionunauditedunauditedunauditedunaudited
Cash flow from operating activities    
Net Income (loss)-136.3162.931.3388.9
Adjustments to reconcile net income to operating cash flow    
Depreciation, amortization and impairment charges616.2278.21,170.7856.0
Write-offs from and appreciation to investments0.0-0.10.00.0
Employee benefit obligation - non-cash4.32.56.47.1
Allowance for doubtful accounts17.713.940.933.2
Change in deferred taxes-70.021.5-84.236.8
Equity in earnings of affiliates - non-cash-0.10.3-0.50.1
Stock compensation1.2-2.21.8-9.1
Asset retirement obligation - accretion expense1.91.75.54.3
Provision for restructuring - accretion expense8.90.026.90.0
Result on sale of investments0.0-0.1-1.1-1.8
Result on disposal / retirement of equipment-0.40.4-0.4-9.9
Other-0.4-0.618.5-0.5
 443.0478.31,215.81,305.1
Changes in assets/liabilities, net of business combinations    
Accounts receivable - trade-49.4-33.2-32.1-62.0
Receivables due from related parties0.10.70.60.7
Inventories-5.1-7.75.2-4.1
Prepaid expenses and other assets-1.59.0-29.8-19.2
Accounts payable - trade6.1-25.8-106.7-117.3
Employee benefit obligation-4.8-3.3-5.2-4.1
Provisions and accrued liabilities-15.2-9.1-46.9-11.2
Payables due to related parties-1.2-3.0-6.1-9.1
Other liabilities and deferred income-4.027.5-31.926.9
 -75.0-44.8-252.9-199.4
Cash flow from operating activities368.0433.5962.91,105.7
     
Cash flow from investing activities    
Capital expenditures, including interest capitalized-154.5-184.0-419.8-534.3
Acquisitions of subsidiaries, net of cash acquired0.0-4.9-12.7-14.2
Sale of subsidiary, net of cash0.00.07.71.4
Proceeds from sale of equipment3.4-0.06.016.8
Purchase of investments-101.70.3-193.5-5.9
Proceeds from sale of investments155.93.2162.74.9
Cash flow from investing activities-96.9-185.4-449.6-531.4
     
Cash flow from financing activities    
Proceeds from issuance of long term debt 0.0495.0750.0632.5
Principal payments on long-term debt0.00.0-449.9-327.3
Changes in short-term borrowings-22.8-764.937.4-592.6
Dividends paid0.00.0-331.8-331.7
Cash flow from financing activities-22.8-269.95.7-619.0
     
Effect of exchange rate changes2.3-8.343.10.9
Change in cash and cash equivalents250.6-30.2562.1-43.9
Cash and cash equivalents at beginning of period696.3195.4384.8209.1
Cash and cash equivalents at end of period946.9165.2946.9165.2