56 E.ON AG and Subsidiaries Consolidated Statements of Cash Flows in millions 2009 2008 Net income 8,645 1,621 Income from discontinued operations, net 172 128 Depreciation, amortization and impairment of intangible assets and of property, plant and equipment 3,981 6,852 Changes in provisions 162 635 Changes in deferred taxes 918 -1,085 Other non-cash income and expenses 419 279 Gain/Loss on disposal of -5,095 -1,407 Intangible assets and property, plant and equipment -62 -362 Equity investments -4,829 -877 Securities (> 3 months) -204 -168 Changes in operating assets and liabilities and in income taxes -148 -285 Inventories 739 -1,454 Trade receivables 1,983 -4,616 Other operating receivables and income tax assets 1,915 -10,172 Trade payables -892 515 Other operating liabilities and income taxes -3,893 15,442 Cash provided by operating activities of continuing operations (operating cash flow) 9,054 6,738 Proceeds from disposal of 4,925 432 Intangible assets and property, plant and equipment 311 190 Equity investments1 4,614 242 Purchase of investments in -9,200 -18,406 Intangible assets and property, plant and equipment -8,376 -8,996 Equity investments -824 -9,410 Proceeds from disposal of securities (> 3 months) and of financial receivables and fixed-term deposits 6,610 10,235 Purchase of securities (> 3 months) and of financial receivables and fixed-term deposits -6,083 -9,099 Changes in restricted cash and cash equivalents 349 -240 Cash used for investing activities of continuing operations -3,399 -17,078 Payments received/made from changes in capital2 -1 62 Payments for treasury shares, net2 25 -2,951 Premiums received for put options on treasury shares ­ 25 Cash dividends paid to shareholders of E.ON AG -2,857 -2,560 Cash dividends paid to minority shareholders -299 -377 Proceeds from financial liabilities 10,399 22,976 Repayments of financial liabilities -12,437 -5,784 Cash provided by (used for) financing activities of continuing operations -5,170 11,391 Net increase/decrease in cash and cash equivalents from continuing operations 485 1,051 Cash provided by operating activities of discontinued operations 26 15 Cash used for investing activities of discontinued operations -26 -15 Cash provided by financing activities of discontinued operations ­ ­ Net increase in cash and cash equivalents from discontinued operations 0 0 Effect of foreign exchange rates on cash and cash equivalents 54 -267 Cash and cash equivalents at the beginning of the year 3,671 2,887 Cash and cash equivalents of continuing operations at the end of the year 4,210 3,671 1For 2009, this figure contains amounts paid out in connection with the disposal of equity investments totaling 488 million. 2No material netting has taken place in either of the years presented here.