M U l T I - Y E A R O V E R V I E W B E c h T l E G R O U p 231 2011 2012 2013 2014 2015 2016 2017 2018 2019 279,525 296,139 299,212 321,940 344,401 368,231 415,196 659,258 846,371 135,648 137,483 139,885 144,499 166,398 193,521 193,538 345,938 397,592 22,348 79,645 975 7,720 2,356 20,991 94,537 2,243 6,489 2,224 19,293 19,980 29,161 35,338 48,721 121,120 119,303 99,747 104,224 101,870 111,666 134,865 152,853 280,685 19,774 22,020 12,436 30,235 27,863 38,148 1,547 4,131 2,513 3,722 2,676 4,425 3,495 4,798 3,467 7,005 4,004 3,833 0 4,713 6,771 0 3,914 6,729 0 30,700 32,059 32,012 27,008 16,999 521,778 547,859 611,136 694,650 806,036 901,107 1,028,188 1,367,906 1,548,296 91,190 90,065 107,638 131,165 150,415 180,652 211,319 280,331 285,574 286,773 307,348 345,195 387,828 406,167 502,270 581,919 754,069 862,323 35,423 35,888 33,181 18,255 45,469 22,272 58,738 24,894 61,562 15,361 58,783 12,444 81,227 126,180 5,543 0 −100.0 78,208 105,838 106,720 164,767 140,415 162,383 245,379 272,197 10.9 Change in % 2019–2018 28.4 14.9 −1.5 83.6 36.9 −17.0 −0.6 13.2 1.9 14.4 55.3 14.9 0.0 0.0 18.4 21.9 88.3 −8.8 −1.8 −19.3 77.6 19.7 39.8 7.2 9.3 58.8 44.9 9.6 40.9 18.1 32.3 −74.3 Balance Sheet (selected items) Assets Non-current assets Goodwill Other intangible assets Property, plant and equipment Trade receivables Deferred taxes Other assets Capital investment and securities Current assets Inventories Trade receivables Other assets Capital investment and securities Cash and cash equivalents Equity and liabilities Equity Issued capital Capital reserve Retained earnings Non-current liabilities Pension provisions Other provisions Financial liabilities Deferred taxes Other liabilities Contract liabilities Deferred income Current liabilities Other provisions Financial liabilities Trade payables Tax payables Other liabilities Contract liabilities Deferred income Balance sheet total Cash flow and investments Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Cash and cash equivalents incl, time deposits and securities Free cash flow Investments (in property, plant and equipment and other intangible assets without goodwill) Investment ratio (= Investments/Average property, plant and equipment + other intangible assets without goodwill) 1 Figure adjusted €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k €k 31,955 16,219 94,569 94,004 11,873 1,182 57,280 14,094 1,216 – 421,597 459,584 501,565 553,996 620,651 694,103 777,283 883,204 1,014,842 21,000 21,000 21,000 21,000 21,000 21,000 42,000 42,000 42,000 145,228 145,228 145,228 145,228 145,228 145,228 124,228 124,228 124,228 255,369 293,356 335,337 387,768 454,423 527,875 611,055 716,976 848,614 96,644 90,787 95,878 119,196 117,959 127,267 464,893 566,709 11,990 15,899 19,924 13,002 9,260 2,139 61,142 14,905 296 – 6,382 2,307 53,625 15,128 538 – 4,836 47,522 17,266 2,652 – 5,978 56,393 20,927 7,293 – 6,719 51,744 20,570 5,874 – 16,301 11,052 30,702 10,081 7,190 69,917 380,640 373,874 21,069 41,107 2,292 4,858 – 10,8951 33,180 98,025 19,353 1,481 8,359 8,902 12,369 11,343 12,346 12,981 13,701 01 285,702 287,770 317,996 366,716 410,590 457,276 538,834 679,067 813,116 5,643 9,002 5,241 5,774 6,239 12,567 10,546 12,711 6,416 9,627 6,657 9,745 7,129 9,162 58,930 12,872 12,805 13,801 148,799 145,964 170,518 178,644 204,067 242,120 237,160 372,338 406,807 8,735 6,906 6,519 6,418 8,176 7,676 10,733 12,509 19,859 72,237 74,963 79,941 95,695 104,052 115,314 131,118 159,957 231,776 – – – – – – – 41,286 42,129 44,698 67,009 78,252 75,764 93,764 96,120 16,109 105,369 22,699 801,303 843,998 910,348 1,016,590 1,150,437 1,269,338 1,443,384 2,027,164 2,394,667 55,782 56,669 73,098 55,965 115,945 53,363 54,261 140,525 185,973 −45,282 −56,031 −10,201 −25,853 −34,480 –41,404 −62,675 −280,612 −72,122 −2,246 −17,282 −35,002 −29,973 −25,668 –36,318 33,578 221,367 −89,685 −140.5 141,488 146,155 156,105 156,000 206,660 162,781 174,827 250,922 272,197 8.5 12,159 19,485 43,123 29,252 78,590 –7,049 −24,129 −147,185 109,517 −174.4 €k 61,120 32,015 23,091 24,102 21,779 39,604 66,866 56,626 47,981 −15.3 % 82.12 29.44 19.69 20.11 17.07 28.49 40.45 24.75 17.20 Bechtle AG Annual Report 2019