v3.26.3
Consolidated statements of cash flows - EUR (€)
€ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Operating activities          
Net income € 224,795 € 327,343 € 682,728 € 789,247  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation, amortization and impairment loss     1,259,053 1,126,855  
Change in deferred taxes, net     (126,120) (30,556)  
(Gain) loss from the sale of fixed assets, right-of-use assets, investments and divestitures     (2,505) 105,318  
(Income) loss from equity method investees     (18,228) (139,680)  
Interest expense, net     242,994 229,403  
Changes in assets and liabilities, net of amounts from businesses acquired:          
Trade accounts and other receivables from unrelated parties     (80,409) (174,804)  
Inventories     (249,082) (189,486)  
Other current and non-current assets     (80,609) 19,514  
Accounts receivable from related parties     (215) 6,806  
Accounts payable to related parties     49,291 30,904  
Accounts payable to unrelated parties, provisions and other current and non-current liabilities     292,634 89,910  
Income tax liabilities     332,659 202,490  
Received dividends from investments in equity method investees     1,869 5,691  
Paid interest     (255,683) (260,981)  
Received interest     43,876 54,542  
Paid income taxes     (207,509) (185,860)  
Net cash provided by (used in) operating activities     1,884,744 1,679,313  
Investing activities          
Purchases of property, plant and equipment and capitalized development costs     (668,429) (492,357)  
Acquisitions, net of cash acquired, investments and purchases of intangible assets     (18,121) (18,676)  
Investments in debt securities     (74,834) (25,444)  
Proceeds from sale of property, plant and equipment     12,453 11,642  
Proceeds from divestitures, net of cash disposed     22,836 163,586  
Proceeds from sale of debt securities     75,986 56,949  
Net cash provided by (used in) investing activities     (650,109) (304,300)  
Financing activities          
Proceeds from short-term debt from unrelated parties     476,801 159,346  
Repayments of short-term debt from unrelated parties     (146,126) (90,583)  
Proceeds from long-term debt     250,389 1,121,793  
Repayments of long-term debt     (473,973) (830,245)  
Repayments of lease liabilities from unrelated parties     (467,377) (477,313)  
Repayments of lease liabilities from related parties     (4,706) (19,122)  
Repurchase of shares     (776,155) (151,119)  
Dividends paid     (400,161) (422,515)  
Distributions to noncontrolling interests     (241,464) (505,304)  
Contributions from noncontrolling interests     12,594 20,244  
Net cash provided by (used in) financing activities     (1,770,178) (1,194,818)  
Effect of exchange rate changes on cash and cash equivalents     35,927 (109,301)  
Cash and cash equivalents:          
Net increase (decrease) in cash and cash equivalents     (499,616) 70,894  
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 1,099,497 1,256,222 1,099,497 1,256,222 € 1,599,113
Thereof: cash and cash equivalents within the disposal groups € 383 € 274 € 383 € 274