Consolidated Statement of Cash Flows (IFRS)
| € in millions |
Nine months
2011 |
Nine months
2010 |
| Operating activities: |
|
|
| Income before taxes |
900 |
799 |
| Adjustments for: |
|
|
| Depreciation, amortisation and impairment losses |
179 |
204 |
| Reversals of impairment losses |
(2) |
(6) |
| Unrealised foreign exchange (gains)/losses, net |
(37) |
0 |
| Interest income |
(23) |
(19) |
| Interest expense |
81 |
87 |
| Losses/(Gains) on sale of property, plant and equipment, net |
0 |
(7) |
| Operating profit before working capital changes |
1,098 |
1,058 |
| Increase in receivables and other assets |
(704) |
(612) |
| Increase in inventories |
(218) |
(347) |
| (Decrease)/Increase in accounts payable and other liabilities |
(14) |
351 |
| Cash generated from operations before interest and taxes |
162 |
450 |
| Interest paid |
(100) |
(102) |
| Income taxes paid |
(225) |
(174) |
| Net cash (used in)/generated from operating activities |
(163) |
174 |
| |
|
|
| Investing activities: |
|
|
| Purchase of trademarks and other intangible assets |
(31) |
(21) |
| Proceeds from sale of trademarks and other intangible assets |
2 |
15 |
| Purchase of property, plant and equipment |
(186) |
(116) |
| Proceeds from sale of property, plant and equipment |
1 |
6 |
| Purchase of short-term financial assets |
(5) |
(80) |
| (Purchase of)/Proceeds from investments and other long-term assets |
(27) |
13 |
| Interest received |
23 |
19 |
| Net cash used in investing activities |
(223) |
(164) |
| |
|
|
| Financing activities: |
|
|
| Proceeds from long-term borrowings |
275 |
62 |
| Dividend paid to shareholders of adidas AG |
(167) |
(73) |
| Dividend paid to non-controlling interest shareholders |
(0) |
(0) |
| Cash repayments of short-term borrowings |
(273) |
(198) |
| Net cash used in financing activities |
(165) |
(209) |
| |
|
|
| Effect of exchange rates on cash |
1 |
(5) |
| Net decrease of cash and cash equivalents |
(550) |
(204) |
| Cash and cash equivalents at beginning of the year |
1,156 |
775 |
| Cash and cash equivalents at end of the period |
606 |
571 |
| | | | | |
Rounding differences may arise in percentages and totals.
Download our Consolidated Statement of Cash Flows as an Excel file.