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Consolidated Statements of Cash Flows - EUR (€)
€ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Profit before tax € 817,103 € 725,842 € 695,722
Adjustments for: 569,960 454,378 556,792
Amortization and depreciation 302,455 228,609 215,490
Other adjustments: 267,505 225,769 341,302
(Profit) / losses on equity accounted investments 30,566 11,038 19,888
Impairment of assets and net provision charges (19,518) (23,657) 66,047
(Profit) / losses on disposal of fixed assets 1,399 (6,700) 1,551
Government grants taken to income (1,388) (1,166) (286)
Finance cost / (income) 255,841 232,962 263,657
Other adjustments 605 13,292 (9,555)
Change in operating assets and liabilities (481,537) (112,639) (65,800)
Change in inventories (323,748) (231,670) (165,508)
Change in trade and other receivables (99,374) (13,141) 80,112
Change in current financial assets and other current assets (13,871) (3,092) (2,691)
Change in current trade and other payables (44,544) 135,264 22,287
Other cash flows used in operating activities (336,593) (330,153) (344,968)
Interest paid (236,179) (225,146) (207,079)
Interest recovered 9,487 6,862 9,492
Income tax (paid) / received (107,797) (111,585) (147,015)
Other recovered (paid) (2,104) (284) (366)
Net cash from operating activities 568,933 737,428 841,746
Cash flows from investing activities      
Payments for investments (551,497) (852,536) (2,209,667)
Group companies, associates and business units (notes 3, 2 (b) and 11) (119,745) (524,081) (1,857,210)
Property, plant and equipment and intangibles (412,305) (307,722) (322,973)
Property, plant and equipment (310,383) (231,983) (251,507)
Intangible assets (101,922) (75,739) (71,466)
Other financial assets (19,447) (20,733) (29,484)
Proceeds from sale of investments 2,708 70,669 23,787
Property, plant and equipment 2,708 550 762
Other financial assets   70,119 23,025
Net cash used in investing activities (548,789) (781,867) (2,185,880)
Cash flows from financing activities      
Proceeds from and payments for financial liability instruments (7,515) 37,418 1,808,771
Issue 120,079 179,350 1,912,615
Redemption and repayment (127,594) (141,932) (103,844)
Dividends and interest on other equity instruments (234,271) (275,783) (218,260)
Dividends paid (238,740) (278,841) (218,260)
Dividends received 4,469 3,058  
Other cash flows from / (used in) financing activities (90,552) 4,661 (156,446)
Financing costs included on the amortised costs of the debt (84,346)   (142,288)
Other amounts from / (used in) financing activities (6,206) 4,661 (14,158)
Transaction with minority interests with no loss of control (note 3) (18) 386,207  
Net cash from/(used in) financing activities (332,356) 152,503 1,434,065
Effect of exchange rate fluctuations on cash 20,402 39,207 (98,419)
Net increase in cash and cash equivalents (291,810) 147,271 (8,488)
Cash and cash equivalents at beginning of the year 1,033,792 886,521 895,009
Cash and cash equivalents at year end € 741,982 € 1,033,792 € 886,521