Notes on the consolidated statement of cash flows
The cash flows from operating activities in the reporting period are EUR 783.3 million compared with EUR 345.6 million in the first half of the previous year. A total of EUR –278.9 million in cash flows from investing activities (which include EUR 208.5 million in additions to/divestments of other financial assets) and EUR –348.0 million in cash flows from financing activities lead to a change in cash and cash equivalents (excluding net exchange differences) of EUR 156.4 million. The item cash flows from the loss of control of subsidiaries mainly comprises the sale of the Camtec Group and the final settlement with ArcelorMittal Texas HBI Holding LLC in the amount of EUR 23.0 million. The additions to/divestments of other financial assets include cash inflows from repo transactions entailing CO2 repos (purchases of CO2 allowances subject to simultaneous repurchase agreements) in the amount of EUR 208.4 million.
- From investing activities: outflow/inflow of liquid assets from investments/disinvestments;
- From operating activities: outflow/inflow of liquid assets not affected by investment, disinvestment, or financing activities.
- From financing activities: outflow/inflow of liquid assets from capital expenditures and capital contributions.