37 » Additional Cash Flow Information
In 2024, the increase in net cash generated from operating activities compared to the prior year results was primarily due to an increase in income before taxes which was partly offset by a less favorable operating working capital development versus the prior year.
The net cash used in investing activities in 2024 is mainly related to spending on intangible assets and property, plant, and equipment which was partly offset by proceeds from sale of a disposal group from prior years.
Net cash used in financing activities mainly related to the repayment of the bond, repayments of lease liabilities, interests paid, and dividend paid to shareholders of adidas AG.
The effects resulting from the application of IAS 29 ‘Accounting in hyperinflationary countries’ are recorded in the cash flow from operating activities in the line ‘IAS 29 hyperinflation effects in operating cashflow’.
In 2024, the following changes in financial liabilities impacted the net cash used in financing activities:
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|
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Non-cash effects |
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|
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Jan. 1, 2024 |
|
Net (payments)/proceeds in the period1 |
|
IFRS 16 lease obligations |
|
Fair value adjustments |
|
Transfer within financial liabilities |
|
Effect of exchange rates |
|
Other1 |
|
Dec. 31, 2024 |
||||
Short-term borrowings |
|
549 |
|
(561) |
|
– |
|
– |
|
518 |
|
– |
|
64 |
|
570 |
||||
Long-term borrowings |
|
2,430 |
|
(47) |
|
– |
|
– |
|
(518) |
|
– |
|
50 |
|
1,915 |
||||
Lease liabilities |
|
2,584 |
|
(755) |
|
1,143 |
|
– |
|
– |
|
29 |
|
102 |
|
3,102 |
||||
Total |
|
5,564 |
|
(1,364) |
|
1,143 |
|
– |
|
– |
|
29 |
|
216 |
|
5,587 |
||||
|
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|
|
|
|
|
Non-cash effects |
|
|
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Jan. 1, 2023 |
|
Net (payments)/proceeds in the period1 |
|
IFRS 16 lease obligations |
|
Fair value adjustments |
|
Transfer within financial liabilities |
|
Effect of exchange rates |
|
Other1 |
|
Dec. 31, 2023 |
||||
Short-term borrowings |
|
527 |
|
(522) |
|
– |
|
– |
|
519 |
|
– |
|
25 |
|
549 |
||||
Long-term borrowings |
|
2,946 |
|
(50) |
|
– |
|
– |
|
(519) |
|
– |
|
52 |
|
2,430 |
||||
Lease liabilities |
|
2,986 |
|
(689) |
|
292 |
|
– |
|
– |
|
(91) |
|
86 |
|
2,584 |
||||
Total |
|
6,459 |
|
(1,260) |
|
292 |
|
– |
|
– |
|
(91) |
|
163 |
|
5,564 |
||||
|
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