Cash flow statement for group and segments

Group Automotive
(unaudited supplementary information)
Financial Services
(unaudited supplementary information)
in € million 2025 2024 2025 2024 2025 2024
Profit/loss before tax 10,236 10,971 5,945 7,544 2,401 2,538
Income taxes paid – 2,045 – 3,794 – 1,455 – 2,043 124 – 1,059
Interest received* 518 644 1,074 1,342 11 10
Other interest and similar income/expenses* – 235 – 433 78 – 135 36 9
Depreciation and amortisation of tangible, intangible and investment assets 8,692 8,650 8,510 8,504 24 28
Other non-cash income and expense items 39 339 81 167 – 9 20
Result from equity accounted investments – 38 14 – 38 14 – –
Change in leased products – 6,773 – 5,231 – – – 6,804 – 6,186
Change in receivables from sales financing – 1,746 – 4,144 – – – 1,751 – 4,154
Changes in working capital 880 – 396 941 173 31 – 534
Change in inventories 1,587 – 128 1,549 270 24 – 385
Change in trade receivables – 221 1,379 – 185 1,474 1 – 69
Change in trade payables – 486 – 1,647 – 423 – 1,571 6 – 80
Change in provisions – 1,382 – 726 – 1,340 – 698 137 132
Change in other operating assets and liabilities 82 1,672 – 2 1,923 99 809
Cash inflow/outflow from operating activities 8,228 7,566 13,794 16,791 – 5,701 – 8,387
Total investment in intangible assets and property, plant and equipment – 10,963 – 12,205 – 10,813 – 12,006 – 9 – 16
Proceeds from subsidies for intangible assets and property, plant and equipment 130 192 130 192 – –
Proceeds from the disposal of intangible assets and property, plant and equipment 31 21 30 19 1 2
Expenditure for investment assets – 86 – 162 – 79 – 157 1 –
Proceeds from the disposal of investment assets and other business units 197 13 178 13 – –
Investments in marketable securities and investment funds – 1,150 – 1,062 – 1,049 – 913 – 64 – 149
Proceeds from the disposal of marketable securities and investment funds 1,889 1,834 1,822 1,752 29 82
Cash inflow/outflow from investing activities – 9,952 – 11,369 – 9,781 – 11,100 – 42 – 81
Payments out of equity – 4 – 22 – 4 – 22 – –
Payments into equity 40 – 40 – – –
Treasury shares acquired – 1,250 – 1,002 – 1,250 – 1,002 – –
Payment of dividends to shareholders of BMW AG – 2,649 – 3,781 – 2,649 – 3,781 – –
Payment of dividends to non-controlling interests – 510 – 1,013 – 510 – 1,013 – –
Intragroup financing and equity transactions – – 3,710 2,001 3,566 5,148
Interest paid* – 245 – 196 – 1,111 – 1,207 – 47 – 18
Proceeds from issue of non-current financial liabilities 26,983 30,025 – 10 12,253 11,752
Repayment of non-current financial liabilities – 19,504 – 22,182 – 516 – 528 – 10,012 – 10,466
Change in other financial liabilities – 1,488 3,937 – 1,111 1,125 34 2,122
Cash inflow/outflow from financing activities 1,373 5,766 – 3,401 – 4,417 5,794 8,538
Effect of exchange rate on cash and cash equivalents – 82 – 3 – 49 – 11 76 – 57
Change in cash and cash equivalents – 433 1,960 563 1,263 127 13
Cash and cash equivalents as at 1 January 19,287 17,327 14,853 13,590 3,103 3,090
Cash and cash equivalents as at 31 December 18,854 19,287 15,416 14,853 3,230 3,103

* With the exception of interest for lease liabilities, interest relating to financial services business is classified as revenues/cost of sales.

BMW Group Report 2025
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