106 ALTANA Group Consolidated Statement of Cash Flows
ALTANA Group Consolidated Statement of Cash Flows
Notes 2015 2016
in € thousand
Net income (EAT) 158,018 210,091
Depreciation and amortization of intangible assets and property,
plant and equipment 13, 14 128,090 124,327
Impairment of intangible assets, property, plant and equipment
and assets held for sale 13, 14 11,545 0
Net result from the disposal of intangible assets and property,
plant and equipment 7, 8 892 818
Net result from the disposal of product groups and subsidiaries 0 (82)
Change in inventories 17 (72) (5,410)
Change in trade accounts receivable 18 22,694 (13,359)
Change in income taxes 11 (11,276) (3,241)
Change in provisions 25, 26 15,251 24,385
Change in trade accounts payable 20,916 19,925
Change in other assets and other liabilities 21, 27 (12,341) (460)
Other 12,377 19,668
Cash flow from operating activities 346,094 376,662
Capital expenditure on intangible assets and property,
plant and equipment 13, 14 (85,561) (122,071)
Proceeds from the disposal of intangible assets and property,
plant and equipment 13, 14 2,349 1,052
Acquisitions, net of cash acquired 3 (41) (14,647)
Proceeds from the disposal of product groups and subsidiaries 0 18,281
Purchase of long-term investments and investments in
associated companies 15, 16 (53,346) (18,353)
Proceeds from the disposal of long-term investments 15 73 82
Purchase of marketable securities 19 (12,933) (19,859)
Proceeds from the disposal of marketable securities 9, 10 8,794 13,761
Change in short-term financial assets 0 (92,542)
Cash flow from investing activities (140,665) (234,296)