Notes to the Cash Flow Statement (XLSX:) Download Summarized cash flow statement In EUR mn 2020 2019 Δ Sources of funds 2,786 4,264 (35)% Cash flow from operating activities 3,137 4,056 (23)% Cash flow from investing activities (5,948) (4,638) 28% Free cash flow (2,811) (583) n.m. Cash flow from financing activities 2,808 (484) n.m. Effect of exchange rate changes on cash and cash equivalents (66) (22) n.m. Net (decrease)/increase in cash and cash equivalents (69) (1,088) (94)% Cash and cash equivalents at beginning of period 2,938 4,026 (27)% Cash and cash equivalents at end of period 2,869 2,938 (2)% thereof cash disclosed within Assets held for sale 15 7 116% Cash and cash equivalents presented in the consolidated statement of financial position 2,854 2,931 (3)% Free cash flow after dividends (3,690) (1,441) 156% Cash flow from operating activities amounted to EUR 3,137 mn, down by EUR 919 mn compared to 2019, significantly impacted by a worsened market environment, mainly caused by the effects of the COVID-19 pandemic. Cash flow from investing activities showed an outflow of EUR 5,948 mn in 2020, compared to EUR 4,638 mn in 2019. 2020 included a net cash outflow of EUR 3,870 mn related to the acquisition of an additional 39% stake in Borealis AG while 2019 contained a cash outflow of EUR 460 mn related to the acquisition of a 50% interest in SapuraOMV and a cash outflow of EUR 2,095 mn related to the acquisition of a 15% stake in the ADNOC Refining business. Cash flow from investing activities in 2020 included a cash outflow of EUR 18 mn related to the financing agreements for the Nord Stream 2 pipeline project (2019: EUR 113 mn). Cash flow from financing activities showed an inflow of EUR 2,808 mn compared to an outflow of EUR 484 mn in 2019 mainly attributable to the issuance of bonds of EUR 3.25 bn and hybrid bonds of EUR 1.25 bn in 2020, while 2019 included new bonds of EUR 1.3 bn. schließen EUR Euro schließen EUR Euro Capital Expenditure (CAPEX)Notes to the Income Statement 102-45 gri-id41:102-45
