| 2022 | 2021 | ||
|---|---|---|---|
| Notes | € million | € million | |
| Operating activities | |||
| Earnings before taxes (EBT) | 551.7 | 505.3 | |
| Adjustments for: | |||
| Depreciation and impairment | 9, 10, 11 | 358.7 | 305.8 |
| Non-realized currency gains/losses, net | -43.6 | -29.6 | |
| Financial income | 21 | -32.3 | -29.9 |
| Financial expenses | 21 | 54.4 | 72.6 |
| Changes from the sale of fixed assets | 1.0 | 5.1 | |
| Changes to pension provisions | 15 | 0.5 | -3.7 |
| Other non-cash effected expenses/income | 28.6 | -4.5 | |
| Gross cash flow | 25 | 918.9 | 821.2 |
| Changes in receivables and other current assets | 5, 6, 7 | -209.4 | -283.2 |
| Changes in inventories | 4 | -747.0 | -304.3 |
| Changes in trade payables and other current liabilities | 13 | 613.1 | 373.2 |
| Net cash from operational business activities | 575.6 | 606.9 | |
| Income taxes paid | 22 | -157.4 | -146.9 |
| Net cash from operating activities | 25 | 418.3 | 460.1 |
| Investing activities | |||
| Purchase of property and equipment | 9, 11 | -263.6 | -202.4 |
| Proceeds from sale of property and equipment | 1.3 | 18.3 | |
| Payment for other assets | 12 | -10.8 | -11.6 |
| Interest received | 21 | 32.3 | 11.9 |
| Net cash used in investing activities | -240.8 | -183.8 | |
| Financing activities | |||
| Repayment of lease liabilities | 10 | -190.0 | -160.9 |
| Repayment of current financial liabilities | 13 | -9.5 | -53.4 |
| Raising of current financial liabilities | 13 | 17.9 | 0.0 |
| Repayment of non-current financial liabilities | 13 | -60.0 | -68.5 |
| Raising of non-current financial liabilities | 13 | 0.0 | 235.0 |
| Dividend payments to shareholders of PUMA SE | 17 | -107.7 | -23.9 |
| Dividend payments to non-controlling interests | 17, 28 | -73.3 | -47.8 |
| Interest paid | 21 | -53.8 | -44.4 |
| Net cash used in financing activities | 25 | -476.4 | -164.0 |
| Exchange rate-related changes in cash and cash equivalents | 4.4 | -10.5 | |
| Change in cash and cash equivalents | -294.4 | 101.7 | |
| Cash and cash equivalents at beginning of the financial year | 757.5 | 655.9 | |
| Cash and cash equivalents at end of the financial year | 3, 25 | 463.1 | 757.5 |
