| in € millions | 2013 | 2012 (adjusted) |
|---|
| Group earnings before interest and taxes | 1,647 | 1,325 |
| Taxes paid | (312) | (385) |
| Depreciation and write-ups of non-current assets | 606 | 784 |
| Capital gains | (50) | (10) |
| Change in provisions for pensions and similar obligations | (71) | (69) |
| Change in other provisions | 19 | – |
| Change in net working capital | 65 | 216 |
| Fair value remeasurement of investments | (110) | (18) |
| Other effects | (9) | 33 |
| Cash flow from operating activities | 1,785 | 1,876 |
| – thereof from discontinued operations | – | – |
| Investments in: | | |
| – intangible assets | (411) | (177) |
| – property, plant and equipment | (289) | (270) |
| – financial assets | (108) | (120) |
| – purchase prices for consolidated investments (net of acquired cash) | (504) | (88) |
| Proceeds from/payments for disposal of subsidiaries and other business units | 7 | (9) |
| Proceeds from disposal of other fixed assets | 366 | 102 |
| Contribution to/withdrawals from defined benefit plans | (71) | (55) |
| Cash flow from investing activities | (1,010) | (617) |
| – thereof from discontinued operations | – | – |
| Proceeds from bonds and promissory notes | – | 837 |
| Redemption of bonds and promissory notes | (584) | (487) |
| Proceeds from/redemption of other financial debt | (604) | (91) |
| Interest paid | (280) | (257) |
| Interest received | 34 | 21 |
| Dividends to Bertelsmann shareholders | (180) | (180) |
| Dividends to non-controlling interests and payments to partners in partnerships (IAS 32.18b) | (445) | (213) |
| Change in equity | 1,410 | (12) |
| Payments for release of interest swaps | (8) | – |
| Cash flow from financing activities | (657) | (382) |
| – thereof from discontinued operations | – | – |
| Change in cash and cash equivalents | 118 | 877 |
| Currency effects and other changes in cash and cash equivalents | (23) | 5 |
| Cash and cash equivalents 1/1 | 2,660 | 1,778 |
| Cash and cash equivalents 12/31 | 2,755 | 2,660 |
| Less cash and cash equivalents included within assets held for sale | (10) | (2) |
| Cash and cash equivalents 12/31 (according to the Group balance sheet) | 2,745 | 2,658 |
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