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Consolidated Cash Flow Statement - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Statement of cash flows [abstract]      
Net profit € 9,808 € 6,486 € 5,547
Taxation 2,575 1,667 1,922
Share of net profit of joint ventures/associates and other income/(loss) from non-current investments and associates (207) (173) (231)
Net monetary gain arising from hyperinflationary economies (122)    
Net finance costs 481 877 563
Operating profit 12,535 8,857 7,801
Depreciation, amortisation and impairment 1,747 1,538 1,464
Changes in working capital: (793) (68) 51
Inventories (471) (104) 190
Trade and other receivables (1,298) (506) 142
Trade payables and other liabilities 976 542 (281)
Pensions and similar obligations less payments (128) (904) (327)
Provisions less payments 55 200 65
Elimination of (profits)/losses on disposals (4,299) (298) 127
Non-cash charge for share-based compensation 196 284 198
Other adjustments [1] (266) (153) (81)
Cash flow from operating activities 9,047 9,456 9,298
Income tax paid (2,294) (2,164) (2,251)
Net cash flow from operating activities 6,753 7,292 7,047
Interest received 110 154 105
Purchase of intangible assets (203) (158) (232)
Purchase of property, plant and equipment (1,329) (1,509) (1,804)
Disposal of property, plant and equipment 108 46 158
Acquisition of group companies, joint ventures and associates (1,336) (4,896) (1,731)
Disposal of group companies, joint ventures and associates 7,093 561 30
Acquisition of other non-current investments (94) (317) (208)
Disposal of other non-current investments 151 251 173
Dividends from joint ventures, associates and other non-current investments 154 138 186
(Purchase)/sale of financial assets (10) (149) 135
Net cash flow (used in)/from investing activities 4,644 (5,879) (3,188)
Dividends paid on ordinary share capital (4,066) (3,916) (3,609)
Interest and preference dividends paid (477) (470) (472)
Net change in short-term borrowings (4,026) 2,695 258
Additional financial liabilities 10,595 8,851 6,761
Repayment of financial liabilities (6,594) (2,604) (5,213)
Capital element of finance lease rental payments (10) (14) (35)
Buyback of preference shares   (448)  
Repurchase of shares (6,020) (5,014)  
Other movements on treasury shares (257) (204) (257)
Other financing activities (693) (309) (506)
Net cash flow (used in)/from financing activities (11,548) (1,433) (3,073)
Net increase/(decrease) in cash and cash equivalents (151) (20) 786
Cash and cash equivalents at beginning of year 3,169 3,198 2,128
Effect of foreign exchange rate changes 72 (9) 284
Cash and cash equivalents at end of year € 3,090 € 3,169 € 3,198
[1] 2018 includes a non-cash credit of €277 million from early settlement of contingent consideration relating to Blueair.