Reconciliation of alternative performance measures
In CHF million |
1.1.–30.6.2022 |
1.1.–30.6.2021 |
Change reported |
Change at constant exchange rates |
||||
|---|---|---|---|---|---|---|---|---|
| Net revenue | ||||||||
| Net revenue | 5,494 | 5,583 | –1.6% | –0.1% | ||||
| Operating income before depreciation and amortisation (EBITDA) | ||||||||
| EBITDA | 2,191 | 2,317 | –5.4% | –4.2% | ||||
| Gain from change in pension plan | – | (60) | ||||||
| Additions to provisions for legal proceedings in Switzerland | 82 | 22 | ||||||
| EBITDA adjusted | 2,273 | 2,279 | –0.3% | 1.0% | ||||
| Capital expenditure | ||||||||
| Capital expenditure in property, plant and equipment and intangible assets | 1,047 | 1,078 | –2.9% | –0.9% | ||||
| Payments for indefeasible rights of use (IRU) | 6 | 5 | 20.0% | |||||
| Capital expenditure | 1,053 | 1,083 | –2.8% | –0.8% |
| In CHF million | 1.1.–30.6.2022 | 1.1.–30.6.2021 | Change reported | |||
|---|---|---|---|---|---|---|
| Operating free cash flow proxy | ||||||
| Cash flow from operating activities | 1,484 | 1,878 | (394) | |||
| Capital expenditure | (1,053) | (1,083) | 30 | |||
| Depreciation of right-of-use assets | (134) | (141) | 7 | |||
| Depreciation of indefeasible rights of use (IRU) | 10 | 12 | (2) | |||
| Change in deferred gain from the sale and leaseback of real estate | 3 | 8 | (5) | |||
| Change in operating assets and liabilities | 408 | 121 | 287 | |||
| Change in provisions | (57) | 2 | (59) | |||
| Change in net defined benefit liabilities | (33) | 36 | (69) | |||
| Gain on sale of property, plant and equipment | 3 | 3 | – | |||
| Loss on sale of property, plant and equipment | (3) | – | (3) | |||
| Expense for share-based payments | (1) | (1) | – | |||
| Revenue from finance leases | 35 | 51 | (16) | |||
| Proceeds from finance leases | (30) | (47) | 17 | |||
| Interest received | (4) | (2) | (2) | |||
| Interest payments on financial liabilities | 21 | 18 | 3 | |||
| Dividends received | (1) | (1) | – | |||
| Income taxes paid | 344 | 229 | 115 | |||
| Operating free cash flow proxy | 992 | 1,083 | (91) | |||
| Free cash flow | ||||||
| Cash flow from operating activities | 1,484 | 1,878 | (394) | |||
| Cash flow used in investing activities | (1,150) | (883) | (267) | |||
| Repayment of lease liabilities | (141) | (152) | 11 | |||
| Acquisition of subsidiaries, net of cash and cash equivalents acquired | 64 | 25 | 39 | |||
| Proceeds from equity-accounted investees | – | (134) | 134 | |||
| Expenses for shareholdings accounted for using the equity method | 1 | 1 | – | |||
| Purchase of other financial assets | 86 | 11 | 75 | |||
| Proceeds from other financial assets | (51) | (101) | 50 | |||
| Other cash flows from investing and financing activities | – | 1 | (1) | |||
| Free cash flow | 293 | 646 | (353) |