v3.26.1
Consolidated statements of cash flows - EUR (€)
€ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Operating activities          
Net income € 293,170 € 272,295 € 457,933 € 461,904  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation, amortization and impairment loss     826,053 769,598  
Change in deferred taxes, net     (62,438) (53,109)  
(Gain) loss from the sale of fixed assets, right-of-use assets, investments and divestitures     4,677 54,969  
(Income) loss from equity method investees     (66) (93,008)  
Interest expense, net     161,535 155,466  
Changes in assets and liabilities, net of amounts from businesses acquired:          
Trade accounts and other receivables from unrelated parties     (134,048) (113,151)  
Inventories     (164,028) (86,507)  
Other current and non-current assets     (19,449) 136,473  
Accounts receivable from related parties     4,503 3,538  
Accounts payable to related parties     (19,126) (5,866)  
Accounts payable to unrelated parties, provisions and other current and non-current liabilities     73,561 (184,187)  
Income tax liabilities     197,710 146,539  
Received dividends from investments in equity method investees     1,133 540  
Paid interest     (171,682) (180,990)  
Received interest     28,334 35,560  
Paid income taxes     (97,416) (110,015)  
Net cash provided by (used in) operating activities     1,087,186 937,754  
Investing activities          
Purchases of property, plant and equipment and capitalized development costs     (430,462) (300,143)  
Acquisitions, net of cash acquired, investments and purchases of intangible assets     (6,586) (15,505)  
Investments in debt securities     (74,478) (11,403)  
Proceeds from sale of property, plant and equipment     8,118 11,344  
Proceeds from divestitures, net of cash disposed     837 20,013  
Proceeds from sale of debt securities     62,330 45,399  
Net cash provided by (used in) investing activities     (440,241) (250,295)  
Financing activities          
Proceeds from short-term debt from unrelated parties     469,146 94,260  
Repayments of short-term debt from unrelated parties     (22,999) (90,593)  
Proceeds from long-term debt     151,030 1,114,203  
Repayments of long-term debt     (444,902) (316,905)  
Repayments of lease liabilities from unrelated parties     (312,431) (320,078)  
Repayments of lease liabilities from related parties     (3,177) (12,723)  
Repurchase of shares     (491,973)    
Dividends paid     (400,161) (422,515)  
Distributions to noncontrolling interests     (159,774) (117,742)  
Contributions from noncontrolling interests     9,620 12,528  
Net cash provided by (used in) financing activities     (1,205,621) (59,565)  
Effect of exchange rate changes on cash and cash equivalents     20,814 (93,085)  
Cash and cash equivalents:          
Net increase (decrease) in cash and cash equivalents     (537,862) 534,809  
Cash and cash equivalents at beginning of period     1,599,113 1,185,328 € 1,185,328
Cash and cash equivalents at end of period € 1,061,251 1,720,137 € 1,061,251 1,720,137 € 1,599,113
Thereof: cash and cash equivalents within the disposal groups   € 5,057   € 5,057