35. Net Cash Provided by (Used in) Financing Activities

In 2015 there was a net cash outflow of €3,974 million (2014: inflow of €9,736 million) for financing activities. Net loan repayments amounted to €2,929 million (2014: net borrowings of €11,838 million).

Cash outflows for dividend payments amounted to €1,869 million (2014: €1,739 million). Net interest payments – including payments for and receipts from interest-rate swaps – rose to €652 million (2014: €362 million). The proceeds from the stock market flotation of Covestro AG amounted to €1,490 million.