CSL Ltd Annual Report 2019

Consolidated Statement of Cash Flows For the Year Ended 30 June 2019 CSL Limited Annual Report 2019 91 Consolidated Entity Notes 2019 US$m 2018 US$m Cash flows from Operating Activities Receipts from customers (inclusive of goods and services tax) 8,603.2 8,003.4 Payments to suppliers and employees (inclusive of goods and services tax) (6,304.5) (5,570.4) 2,298.7 2,433.0 Income taxes paid (527.7) (424.6) Interest received 14.1 9.0 Borrowing costs (140.7) (115.3) Net cash inflow from operating activities 1,644.4 1,902.1 Cash flows from Investing Activities Payments for property, plant and equipment (1,117.6) (778.8) Payments for intangible assets (167.2) (213.8) Payments for business acquisitions (Net of cash acquired) – (539.7) Payments for other financial assets and liabilities (2.5) (1.8) Net cash outflow from investing activities (1,287.3) (1,534.1) Cash flows from Financing Activities Proceeds from issue of shares 31.8 15.7 Dividends paid (806.8) (672.2) Proceeds from borrowings 898.5 1,898.9 Repayment of borrowings (610.2) (1,475.5) Payment for shares bought back – (138.4) Other Financing Activities (4.8) – Net cash outflow from financing activities (491.5) (371.5) Net (decrease)/increase in cash and cash equivalents (134.4) (3.5) Cash and cash equivalents at the beginning of the financial year 812.7 843.0 Exchange rate variations on foreign cash and cash equivalent balances (20.5) (26.8) Cash and cash equivalents at the end of the financial year 14 657.8 812.7 The consolidated statement of cash flows should be read in conjunction with the accompanying notes.