Consolidated statement of cash flows

Net income from continuing operations

Depreciation and amortization

Change in deferred taxes

Gain on sale of fixed assets and of investments and divestitures

Gain from the investments accounted for
using the equity method

Trade accounts and other receivables

Inventories

Other current and non-current assets

Accounts receivable from / payable to related parties

Trade accounts payable, provisions and
other short-term and long-term liabilities

Income tax liabilities

Net cash provided by operating activities – continuing operations

Net cash used in/provided by operating activities – discontinued operations

Net cash provided by operating activities

Purchases of property, plant and equipment and capitalized development costs

Proceeds from subsidies to finance hospital-related property, plant and equipment

Proceeds from sales of property, plant and equipment

Acquisitions and investments
and purchases of intangible assets

Proceeds from sale of investments and divestitures

Dividends received from Fresenius Medical Care

Net cash used in investing activities – continuing operations

Net cash used in/provided by investing activities – discontinued operations

Net cash used in investing activities

Proceeds from short-term debt

Repayments of short-term debt

Proceeds from long-term debt

Repayments of long-term debt

Repayments of lease liabilities

Proceeds from the issuance of bonds

Repayments of liabilities from bonds

Proceeds from the issuance of the exchangeable bond

Repayments of convertible bonds

Dividends paid

Change in noncontrolling interests, net

Net cash used in financing activities – continuing operations

Net cash provided by/used in financing activities – discontinued operations

Net cash used in financing activities

Effect of exchange rate changes on cash and cash equivalents

Net decrease in cash and cash equivalents

Cash and cash equivalents at the beginning of the reporting period

less cash and cash equivalents at the end of the reporting period
shown under "assets held for sale"

Cash and cash equivalents at the end of the reporting period