| Group | Automotive (unaudited supplementary information) |
Financial Services (unaudited supplementary information) |
||||
| in € million | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 |
| Profit / loss before tax | 23,509 | 16,060 | 18,918 | 11,805 | 3,205 | 3,753 |
| Income taxes paid | – 4,512 | – 3,217 | – 4,229 | – 1,805 | – 487 | – 1,423 |
| Interest received 1 | 453 | 130 | 718 | 220 | 6 | 2 |
| Other interest and similar income / expenses 1 | – 206 | 78 | – 228 | 115 | 2 | 1 |
| Depreciation and amortisation of tangible and intangible assets | 8,566 | 6,495 | 8,433 | 6,341 | 32 | 35 |
| Other non-cash income and expense items 2 | – 7,392 | – 713 | – 7,433 | – 470 | 8 | – |
| Result from equity accounted investments | 100 | – 1,520 | 100 | – 1,520 | – | – |
| Change in leased products | 2,794 | – 1,282 | – | – | 3,236 | – 1,602 |
| Change in receivables from sales financing | 1,888 | 965 | – | – | 1,870 | 926 |
| Changes in working capital | – 523 | 1,355 | – 310 | 762 | – 130 | 433 |
| Change in inventories | – 115 | – 563 | 156 | – 1,032 | – 125 | 438 |
| Change in trade receivables | – 939 | 119 | – 866 | – 16 | – 20 | 6 |
| Change in trade payables | 531 | 1,799 | 400 | 1,810 | 15 | – 11 |
| Change in provisions | 816 | – 1,256 | 854 | – 1,440 | 47 | 87 |
| Change in other operating assets and liabilities 3 | – 1,970 | – 1,181 | – 2,041 | – 1,425 | 1,356 | 1,058 |
| Cash inflow / outflow from operating activities | 23,523 | 15,914 | 14,782 | 12,583 | 9,145 | 3,270 |
| Total investment in intangible assets and property, plant and equipment | – 9,050 | – 6,619 | – 8,867 | – 6,439 | – 12 | – 12 |
| Proceeds from subsidies for intangible assets and property, plant and equipment 3 | 102 | 43 | 102 | 43 | – | – |
| Proceeds from the disposal of intangible assets and property, plant and equipment | 103 | 40 | 101 | 39 | 2 | 1 |
| Expenditure for acquisitions, net of cash acquired | 3,587 | – | 5,011 | – | – | – |
| Expenditure for investment assets | – 117 | – 158 | – 86 | – 132 | – 4 | – 1 |
| Proceeds from the disposal of investment assets and other business units | 32 | 263 | 28 | 260 | – | – |
| Investments in marketable securities and investment funds | – 649 | – 271 | – 459 | – 16 | – 147 | – 185 |
| Proceeds from the sale of marketable securities and investment funds | 1,220 | 302 | 991 | 37 | 111 | 260 |
| Cash inflow / outflow from investing activities | – 4,772 | – 6,400 | – 3,179 | – 6,208 | – 50 | 63 |
| Payments into equity | 85 | 103 | 85 | 103 | – | – |
| Treasury shares acquired | – 1,278 | – | – 1,278 | – | – | – |
| Payment of dividends to shareholders of BMW AG | – 3,827 | – 1,253 | –3,827 | – 1,253 | – | – |
| Payment of dividends to non-controlling interests | – 1,455 | – 24 | – 1,455 | – 24 | – | – |
| Intragroup financing and equity transactions | – | – | – 2,998 | – 1,545 | – 7,139 | – 2,511 |
| Interest paid 1 | –222 | – 217 | –521 | – 367 | –9 | – 27 |
| Proceeds from issue of non-current financial liabilities 4 | 16,050 | 18,811 | – | – | 11,584 | 12,243 |
| Repayment of non-current financial liabilities 4 | – 26,102 | – 26,434 | – 547 | – 659 | – 12,165 | – 13,833 |
| Change in other financial liabilities 4 | – 1,235 | 2,279 | – 51 | – | – 1,313 | 1,499 |
| Cash inflow / outflow from financing activities | – 17,984 | – 6,735 | – 10,592 | – 3,745 | – 9,042 | – 2,629 |
| Effect of exchange rate on cash and cash equivalents | 104 | – 307 | 99 | – 143 | 6 | – 96 |
| Effect of changes in composition of Group on cash and cash equivalents | – 10 | – | – 10 | – | – | – |
| Change in cash and cash equivalents | 861 | 2,472 | 1,100 | 2,487 | 59 | 608 |
| Cash and cash equivalents as at 1 January | 16,009 | 13,537 | 12,009 | 9,522 | 3,471 | 2,863 |
| Cash and cash equivalents as at 31 December | 16,870 | 16,009 | 13,109 | 12,009 | 3,530 | 3,471 |
1 With the exception of interest for lease liabilities, interest relating to financial services business is classified as revenues / cost of sales.
2 Includes the elimination of the non-cash revaluation effect of the investment in BMW Brilliance amounting to € 7,649 million.
3 Prior year figures adjusted.
4 "In the previous year, transitory items were reported within cash flows from financing activities on a gross basis. In addition, items meeting the criteria of IAS 7.22 (b) were included. In 2022, reporting was changed to a net basis. The figures for the previous financial year have also been adjusted (reported in 2021: at Group level inflows amounting to € 224,916 million, outflows amounting to € 232,089 million and change in other items amounting to € 1,829 million: and at the Financial Services segment level inflows amounting to € 218,348 million, outflows amounting to € 219,488 million and change in other items amounting to € 1,049 million). Reporting cash flows on a net basis where this is permitted improves the readability and comparability of the BMW Group’s cash flow statement."