XML 48 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS
€ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2017
EUR (€)
Dec. 31, 2016
EUR (€)
Dec. 31, 2015
EUR (€)
Net cash flows from operating activities        
Profit after tax $ 4,876 € 4,056 € 3,634 € 3,056
Adjustments to reconcile profit after taxes to net cash provided by operating activities:        
Depreciation and amortization 1,529 1,272 1,268 1,289
Income tax expense 1,167 970 1,229 935
Financial income, net (223) (185) 38 5
Decrease/increase in sales and bad debt allowances on trade receivables (38) (32) 51 45
Other adjustments for non-cash items (41) (34) 39 (2)
Decrease/increase in trade and other receivables (371) (309) (675) (844)
Decrease/increase in other assets (427) (355) (248) (313)
Decrease/increase in trade payable, provisions and other liabilities 468 389 513 757
Decrease/increase in deferred income 863 718 368 218
Interest paid (241) (200) (190) (172)
Interest received 105 88 79 82
Income taxes paid, net of refunds (1,601) (1,332) (1,477) (1,420)
Net cash flows from operating activities 6,065 5,045 4,628 3,638
Net cash flows from investing activities        
Business combinations, net of cash and cash equivalents acquired (350) (291) (106) (39)
Cash receipts from derivative instruments related to business combinations 0 0 0 266
Total cash flows for business combinations, net of cash and cash equivalents acquired 350 291 106 (226)
Purchase of intangible assets and property, plant, and equipment (1,533) (1,275) (1,001) (636)
Proceeds from sales of intangible assets or property, plant and equipment 116 97 63 68
Purchase of equity or debt instruments of other entities (3,503) (2,914) (1,549) (1,871)
Proceeds from sales of equity or debt instruments of other entities 3,933 3,272 793 1,880
Net cash flows from investing activities (1,337) (1,112) (1,799) (334)
Net cash flows from financing activities        
Dividends paid (1,802) (1,499) (1,378) (1,316)
Dividends paid on non-controlling interests (54) (45) 0 0
Purchase of treasury shares (601) (500) 0 0
Proceeds from reissuance of treasury shares 0 0 27 64
Proceeds from borrowings 33 27 400 1,748
Cash receipts from swap contracts 0 0 43 0
Total cash flows from proceeds from borrowings 33 27 443 1,748
Repayments of borrowings (1,673) (1,391) (1,800) (3,852)
Transactions with non-controlling interests 2 2 3 0
Net cash flows from financing activities (4,095) (3,406) (2,705) (3,356)
Effect of foreign currency rates on cash and cash equivalents (262) (218) 167 135
Net decrease/increase in cash and cash equivalents 371 309 291 83
Cash and cash equivalents at the beginning of the period 4,451 3,702 3,411 3,328
Cash and cash equivalents at the end of the period $ 4,822 € 4,011 € 3,702 € 3,411