Reconciliation of alternative performance measures
In CHF million |
1.1.–30.9.2022 |
1.1.–30.9.2021 |
Change reported |
Change at constant exchange rates |
||||
|---|---|---|---|---|---|---|---|---|
| Net revenue | ||||||||
| Net revenue | 8,225 | 8,343 | –1.4% | 0.3% | ||||
| Operating income before depreciation and amortisation (EBITDA) | ||||||||
| EBITDA | 3,341 | 3,465 | –3.6% | –2.1% | ||||
| Gain from change in pension plan | – | (60) | ||||||
| Additions to provisions for legal proceedings in Switzerland | 82 | 52 | – | |||||
| EBITDA adjusted | 3,423 | 3,457 | –1.0% | 0.5% | ||||
| Capital expenditure | ||||||||
| Capital expenditure in property, plant and equipment and intangible assets | 1,591 | 1,594 | –0.2% | 2.0% | ||||
| Payments for indefeasible rights of use (IRU) | 10 | 11 | –9.1% | |||||
| Capital expenditure | 1,601 | 1,605 | –0.2% | 1.9% |
In CHF million |
1.1.–30.9.2022 |
1.1.–30.9.2021 |
Change reported |
|||
|---|---|---|---|---|---|---|
| Operating free cash flow proxy | ||||||
| Cash flow from operating activities | 2,774 | 2,979 | (205) | |||
| Capital expenditure | (1,601) | (1,605) | 4 | |||
| Depreciation of right-of-use assets | (201) | (211) | 10 | |||
| Depreciation of indefeasible rights of use (IRU) | 15 | 18 | (3) | |||
| Change in deferred gain from the sale and leaseback of real estate | 7 | 9 | (2) | |||
| Change in operating assets and liabilities | 135 | 92 | 43 | |||
| Change in provisions | 25 | (12) | 37 | |||
| Change in defined benefit obligations | (41) | 22 | (63) | |||
| Gain on sale of property, plant and equipment | 6 | 5 | 1 | |||
| Loss on disposal of property, plant and equipment | (3) | – | (3) | |||
| Expense for share-based payments | (1) | (1) | – | |||
| Revenue from finance leases | 64 | 71 | (7) | |||
| Proceeds from finance leases | (56) | (71) | 15 | |||
| Interest received | (1) | (12) | 11 | |||
| Interest payments on financial liabilities | 48 | 68 | (20) | |||
| Dividends received | (1) | (1) | – | |||
| Income taxes paid | 352 | 283 | 69 | |||
| Operating free cash flow proxy | 1,521 | 1,634 | (113) | |||
| Free cash flow | ||||||
| Cash flow from operating activities | 2,774 | 2,979 | (205) | |||
| Cash flow used in investing activities | (1,768) | (1,387) | (381) | |||
| Repayment of lease liabilities | (192) | (208) | 16 | |||
| Acquisition of subsidiaries, net of cash and cash equivalents acquired | 64 | 25 | 39 | |||
| Proceeds from sale of equity-accounted investees | – | (135) | 135 | |||
| Expenses for shareholdings accounted for using the equity method | 1 | 1 | – | |||
| Purchase of other financial assets | 154 | 13 | 141 | |||
| Proceeds from other financial assets | (53) | (112) | 59 | |||
| Free cash flow | 980 | 1,176 | (196) | |||