112 ALTANA Group Consolidated Statement of Cash Flows
ALTANA Group Consolidated Statement of Cash Flows
Notes 2020 2021
in € thousand
Net income (EAT) 75,147 195,187
Depreciation and amortization of intangible assets and property,
plant and equipment 12, 13 154,593 157,566
Impairment of intangible assets and property, plant and equipment 12, 13 85,621 1,325
Change in fair value of financial assets and securities 8, 9 (1,266) 2,150
Net result from the disposal of intangible assets and property,
plant and equipment 6, 7 (198) (1,685)
Net result from the disposal of subsidiaries (174)
Net result from the disposal of long-term investments and
marketable securities 8, 9 (443) (329)
Change in inventories 16 11,853 (153,379)
Change in trade accounts receivable 17 (26,031) (54,032)
Change in income taxes 10 8,276 (14,242)
Change in provisions 24, 25 12,455 36,179
Change in trade accounts payable 7,817 53,396
Change in other assets and other liabilities 20, 26 6,549 (24,883)
Other 15 39,271 47,366
Cash flow from operating activities 373,644 244,445
Capital expenditure on intangible assets and property,
plant and equipment 12, 13 (105,223) (149,334)
Proceeds from the disposal of intangible assets and property,
plant and equipment 12, 13 4,380 2,890
Acquisitions, net of cash acquired 3 (106,091) (27,388)
Purchase of long-term investment and investments in at equity companies 14, 15 (6,314) (6,073)
Proceeds from the disposal of long-term investments 14 33 31
Payments on long-term loans (1,500)
Purchase of marketable securities 18 (37,078) (7,775)
Proceeds from the disposal of marketable securities 8, 9 31,906 3,855
Expenditure on short-term financial assets (1,575) (61,513)
Cash flow from investing activities (219,962) (246,807)