38 » Additional Cash Flow Information
In 2022, net cash used in operating activities compared to the prior year results was primarily due to an decrease in income before taxes and an increase in operating working capital requirements.
The net cash generated from investing activities in 2022 is mainly due to the sale of the Reebok business. This is offset by payments for other intangible assets and property, plant, and equipment as well as the change from purchase of/proceeds from investments and other long-term assets.
Net cash used in financing activities mainly related to dividend paid to shareholders of adidas AG, repurchase of treasury shares and the repayments of lease liabilities. This is offset by two newly issued bonds which were issued in the financial year.
|
|
Year ending Dec. 31, 2022 |
|
Year ending Dec. 31, 2021 |
|---|---|---|---|---|
Net cash (used in)/generated from operating activities |
|
(85) |
|
320 |
Net cash used in investing activities |
|
– |
|
(9) |
Net cash used in financing activities |
|
(6) |
|
(39) |
Net cash (used in)/generated from discontinued operations |
|
(91) |
|
272 |
In 2022, the following changes in financial liabilities impacted the net cash used in financing activities:
|
|
|
|
|
|
Non-cash effects |
|
|
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Jan. 1, 2022 |
|
Net (payments) / proceeds in the period |
|
IFRS 16 lease obligations |
|
Fair value adjustments |
|
Transfer within financial liabilities |
|
Other |
|
Effect of exchange rates |
|
Dec. 31, 2022 |
Short-term borrowings |
|
29 |
|
(19) |
|
– |
|
– |
|
513 |
|
4 |
|
– |
|
527 |
Long-term borrowings |
|
2,466 |
|
994 |
|
– |
|
– |
|
(513) |
|
(1) |
|
– |
|
2,946 |
Lease liabilities |
|
2,836 |
|
(719) |
|
887 |
|
– |
|
– |
|
(9) |
|
(9) |
|
2,986 |
Total |
|
5,331 |
|
256 |
|
887 |
|
– |
|
0 |
|
(6) |
|
(9) |
|
6,459 |
|
|
|
|
|
|
Non-cash effects |
|
|
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Jan. 1, 2021 |
|
Net (payments) / proceeds in the period |
|
IFRS 16 lease obligations |
|
Fair value adjustments |
|
Transfer to liabilties held for sale |
|
Other |
|
Effect of exchange rates |
|
Dec. 31, 2021 |
Short-term borrowings |
|
686 |
|
(679) |
|
– |
|
– |
|
– |
|
21 |
|
0 |
|
29 |
Long-term borrowings |
|
2,482 |
|
– |
|
– |
|
– |
|
– |
|
(16) |
|
– |
|
2,466 |
Lease liabilities |
|
2,722 |
|
(645) |
|
780 |
|
– |
|
(147) |
|
25 |
|
101 |
|
2,836 |
Total |
|
5,890 |
|
(1,324) |
|
780 |
|
– |
|
(147) |
|
30 |
|
101 |
|
5,331 |
