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Consolidated cash flow statement - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of cash flows [abstract]      
Net profit € 8,269 € 6,621 € 6,073
Taxation 2,068 1,935 1,923
Share of net profit of joint ventures/associates and other income/(loss) from non-current investments (232) (282) (178)
Net monetary (gain)/loss arising from hyperinflationary economies 157 74 (20)
Net finance costs 493 354 505
Operating profit 10,755 8,702 8,303
Depreciation, amortisation and impairment 1,946 1,763 2,018
Changes in working capital: (422) (47) 680
Inventories (1,398) (458) (587)
Trade and other receivables (1,852) (307) 1,125
Trade payables and other liabilities 2,828 718 142
Pensions and similar obligations less payments (119) (183) (182)
Provisions less payments 203 (61) (53)
Elimination of (profits)/losses on disposals (2,335) 23 60
Non-cash charge for share-based compensation 177 161 108
Other adjustments (116) (53) (1)
Cash flow from operating activities 10,089 10,305 10,933
Income tax paid (2,807) (2,333) (1,875)
Net cash flow from operating activities 7,282 7,972 9,058
Interest received 287 148 169
Purchase of intangible assets (253) (232) (158)
Purchase of property, plant and equipment (1,456) (1,108) (863)
Disposal of property, plant and equipment 82 101 89
Acquisition of businesses and investments in joint ventures and associates (979) (2,131) (1,426)
Disposal of businesses, joint ventures and associates 4,622 43 39
Acquisition of other non-current investments (170) (142) (128)
Disposal of other non-current investments 266 137 51
Dividends from joint ventures, associates and other non-current investments 185 185 188
(Purchase)/sale of financial assets (131) (247) 558
Net cash flow (used in)/from investing activities 2,453 (3,246) (1,481)
Dividends paid on ordinary share capital (4,329) (4,483) (4,279)
Interest paid (744) (488) (624)
Net change in short-term borrowings (545) 656 722
Additional financial liabilities 7,776 4,748 3,117
Repayment of financial liabilities (8,440) (3,550) (3,577)
Capital element of lease rental payments (518) (464) (443)
Repurchase of shares (1,509) (3,018) 0
Other financing activities (581) (500) (720)
Net cash flow (used in)/from financing activities (8,890) (7,099) (5,804)
Net increase/(decrease) in cash and cash equivalents 845 (2,373) 1,773
Cash and cash equivalents at the beginning of the year 3,387 5,475 4,116
Effect of foreign exchange rate changes (7) 285 (414)
Cash and cash equivalents at the end of the year € 4,225 € 3,387 € 5,475