Free Cash Flow of the Merck Group Audited

Net cash flows from operating activities

1,782.6

1,371.3

Purchase of intangible assets

–104.2

–96.6

Purchase of property, plant and equipment

–396.2

–467.3

Acquisitions

–4,843.7

–23.5

Investments in financial assets

–16.0

–16.5

Disposal of non-current assets

54.8

45.4

Purchase/sale of marketable securities

0.2

–0.4

Free cash flow

[39]

–3,522.5

812.4

Acquisition-related payments

4,941.9

23.5

Payments related to divestments

250.4

15.7

Underlying free cash flow

[39]

1,669.8

851.6