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Reconciliation of alternative performance measures


In CHF million
 

1.01.–31.03.2022
 

1.01.–31.03.2021
 
Change
reported
  Change
at constant
exchange rates
                 
Net revenue                
Net revenue   2,768   2,803   –1.2%   –%
                 
Operating income before depreciation and amortisation (EBITDA)                
EBITDA   1,137   1,124   1.2%   2.0%
                 
Capital expenditure                
Capital expenditure in property, plant and equipment and intangible assets   519   535   –3.0%   –1.3%
Payments for indefeasible rights of use (IRU)   3   5   –40.0%    
Capital expenditure   522   540   –3.3%   –1.7%

In CHF million
 
1.01.–31.03.2022
 
1.01.–31.03.2021
  Change
reported
             
Operating free cash flow proxy            
Cash flow from operating activities   667   899   (232)
Capital expenditure   (522)   (540)   18
Depreciation of right-of-use assets   (66)   (70)   4
Depreciation of indefeasible rights of use (IRU)   5   6   (1)
Proceeds from finance lease receivables   (7)   (21)   14
Change in deferred gain from the sale and leaseback of real estate   1   7   (6)
Change in operating assets and liabilities   244   13   231
Change in provisions   19   1   18
Change in defined benefit obligations   (16)   (12)   (4)
Gain on sale of property, plant and equipment     3   (3)
Revenue from finance leases   18   12   6
Interest received   (1)     (1)
Interest payments for financial liabilities   12   13   (1)
Income taxes paid   189   198   (9)
Operating free cash flow proxy   543   509   34
     
             
Free cash flow            
Cash flow from operating activities   667   899   (232)
Cash flow used in investing activities   (615)   (425)   (190)
Repayment of lease liabilities   (86)   (93)   7
Acquisition of subsidiaries, net of cash and cash equivalents acquired   62   10   52
Proceeds from equity-accounted investees     (126)   126
Expenditure for equity-accounted investees   1   1  
Purchase of other financial assets   36   6   30
Proceeds from other financial assets   (3)     (3)
Other cash flows from financing activities   1   (2)   3
Free cash flow   63   270   (207)