Munich Airport

Integrated Report 2025

Consolidated statement of cash flows

TEUR

Disclosure

2025

2024

Total comprehensive income

169,131

64,461

+

Deferred taxes recognized in other comprehensive income 

1,459

−399

+

Actuarial gains and losses

−881

−71

+

Cash flow hedges

−3,286

1,787

+

Changes due to foreign currency translation

2,897

−1,404

Profit/loss of the year (EAT)

169,320

64,374

Result from companies accounted for using the equity method

−1,635

−1,796

Income taxes

−22,664

38,725

Financial result

73,787

93,631

Operating result (EBIT)

218,808

194,934

Depreciation and amortization

198,063

203,161

Balance of gains/losses from the changes to the scope of consolidation

−1,573

0

Balance of gains/losses from the disposal of fixed assets and reclassifications from fixed assets

2,450

441

Increase/decrease in inventories

−1,100

−567

Increase/decrease in current receivables

5,242

1,937

Increase/decrease in liabilities

3,383

17,462

Increase/decrease in employee benefits

−4,145

−4,682

Increase/decrease in provisions

−1,031

1,849

Increase/decrease in other assets/liabilities not related to investing or financing activities

−13,161

8,462

Gross cash flow from operating activities

406,936

422,997

Income taxes paid

−24,781

−3,491

Income taxes received

1,564

173

Cash flow from operating activities

383,719

419,679

Proceeds from the sale of owner-occupied property, plant and equipment

3,375

2,125

Proceeds from the sale of investment property

1,919

3,526

Proceeds from the sale of subsidiaries

2,056

0

Payments for investments in owner-occupied property, plant and equipment

−345,291

−281,301

Payments for investments in intangible assets

−14,075

−9,156

Payments for investments in investment property

−18,211

−3,856

Interest received

2,979

3,001

Additions of deposits

−13,928

−5,700

Disposals of deposits

13,478

193,665

+

Cash flow from investing activities

−367,698

−97,696

Proceeds from borrowings

IX.

628,943

694,936

Repayments of borrowings from banks

IX.

−563,962

−934,236

Repayments of lease liabilities

IX.

−7,618

−5,992

Interest payments from lease liabilities

IX.

−542

−558

Cash inflows from Group-wide cash management with associated and affiliated companies

IX.

1,403

−953

Interest paid (excluding borrowing costs for qualifying assets)

IX.

−54,951

−67,889

Payments for borrowing costs for qualifying assets

IX.

−15,883

−9,736

+

Cash flow from financing activities

IX.

−12,610

−324,428

Change in cash and cash equivalents

3,411

−2,445

Cash and cash equivalents at the beginning of the year

8,756

11,201

Cash and cash equivalents at the end of the year

12,167

8,756