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 |