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Reconciliation of alternative performance measures


In CHF million
 

1.1.–31.3.2021
 

1.1.–31.3.2020
 
Change
reported
  Change
at constant
exchange rates
                 
Net revenue                
Net revenue   2,803   2,737   2.4%   1.9%
                 
Operating income before depreciation and amortisation (EBITDA)                
EBITDA   1,124   1,111   1.2%   0.8%
                 
Capital expenditure                
Capital expenditure in property, plant and equipment and intangible assets   535   513   4.3%   3.5%
Payments for indefeasible rights of use (IRU)   5   3   66.7%    
Capital expenditure   540   516   4.7%   3.9%

In CHF million
 
1.1.–31.3.2021
 
1.1.–31.3.2020
  Change
reported
             
Operating free cash flow proxy            
Cash flow from operating activities   878   771   107
Capital expenditure   (540)   (516)   (24)
Depreciation of right-of-use assets   (70)   (70)  
Depreciation of indefeasible rights of use (IRU)   6   6  
Change in deferred gain from the sale and leaseback of real estate   7   3   4
Change in operating assets and liabilities   13   201   (188)
Change in provisions   1   1  
Change in defined benefit obligations   (12)   (14)   2
Gain on sale of property, plant and equipment   3     3
Revenue from finance leases   12   14   (2)
Interest received     (11)   11
Interest payments for financial liabilities   13   16   (3)
Income taxes paid   198   119   79
Operating free cash flow proxy   509   520   (11)
     
             
Free cash flow            
Cash flow from operating activities   878   771   107
Cash flow used in investing activities   (404)   (498)   94
Repayment of lease liabilities   (93)   (91)   (2)
Acquisition of subsidiaries, net of cash and cash equivalents acquired   10   7   3
Proceeds from equity-accounted investees   (126)     (126)
Expenditure for equity-accounted investees   1   1  
Purchase of other financial assets   6   3   3
Proceeds from other financial assets     (4)   4
Other cash flows from financing activities   (2)     (2)
Free cash flow   270   189   81