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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