Siemens 2014 Annual Report Download - page 251

247 D. Consolidated Financial Statements 337 E. Additional Information
248 D. Consolidated Statements of Income
249 D. Consolidated Statements of Comprehensive Income
250 D. Consolidated Statements of Financial Position
251 D. Consolidated Statements of Cash Flows
252 D. Consolidated Statements of Changes in Equity
254 D. Notes to Consolidated Financial Statements
330 D. Supervisory Board and Managing Board
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D. Consolidated Statements of Cash Flows
For the fiscal years ended September 30, 2014 and 2013
(in millions of €) Note  
Cash flows from operating activities
Net income 5,507 4,409
Adjustments to reconcile net income to cash flows from operating activities – continuing operations
(Income) from discontinued operations, net of income taxes (108) (231)
Amortization, depreciation and impairments 2,411 2,804
Income tax expenses 2,028 1,634
Interest (income) expenses, net (295) (164)
(Gains) losses on disposals of assets related to investing activities, net (527) (292)
Other (income) losses from investments (526) (326)
Other non-cash (income) expenses 92 671
Change in assets and liabilities
Inventories 336 (256)
Trade and other receivables 200 (326)
Trade payables 205 (208)
Other assets and liabilities (1,203) 818
Additions to assets leased to others in operating leases (371) (377)
Income taxes paid (1,828) (2,164)
Dividends received 333 356
Interest received 977 837
Cash flows from operating activities – continuing operations 7,230 7,186
Cash flows from operating activities – discontinued operations (131) 154
Cash flows from operating activities – continuing and discontinued operations 7,100 7,340
Cash flows from investing activities
Additions to intangible assets and property, plant and equipment (1,831) (1,808)
Acquisitions of businesses, net of cash acquired (31) (2,786)
Purchase of investments (335) (346)
Purchase of current available-for-sale financial assets (613) (157)
Change in receivables from financing activities (2,501) (2,175)
Disposal of investments, intangibles and property, plant and equipment 518 2,462
Disposal of businesses, net of cash disposed 112 (26)
Disposal of current available-for-sale financial assets 317 76
Cash flows from investing activities – continuing operations (4,364) (4,759)
Cash flows from investing activities – discontinued operations 339 (317)
Cash flows from investing activities – continuing and discontinued operations (4,026) (5,076)
Cash flows from financing activities
Purchase of treasury shares 25 (1,066) (1,394)
Other transactions with owners (20) (15)
Issuance of long-term debt 21 527 3,772
Repayment of long-term debt (including current maturities of long-term debt) (1,452) (2,927)
Change in short-term debt and other financing activities 801 8
Interest paid (617) (479)
Dividends paid to shareholders of Siemens AG 25 (2,533) (2,528)
Dividends attributable to non-controlling interests (125) (152)
Cash flows from financing activities – continuing operations (4,485) (3,715)
Cash flows from financing activities – discontinued operations (2) 319
Cash flows from financing activities – continuing and discontinued operations (4,487) (3,396)
Effect of deconsolidation of OSRAM on cash and cash equivalents –(476)
Effect of changes in exchange rates on cash and cash equivalents 214 (108)
Change in cash and cash equivalents (1,199) (1,717)
Cash and cash equivalents at beginning of period 9,234 10,950
Cash and cash equivalents at end of period 8,034 9,234
Less: Cash and cash equivalents of assets classified as held for disposal
and discontinued operations at end of period 21 44
Cash and cash equivalents at end of period (Consolidated Statements of Financial Position) 8,013 9,190