Reconciliation of alternative performance measures
In CHF million |
1.1.–30.6.2023 |
1.1.–30.6.2022 |
Change reported |
Change at constant exchange rates |
||||
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 5,450 | 5,467 | –0.3% | 0.5% | ||||
| Operating income before depreciation and amortisation (EBITDA) | ||||||||
| EBITDA | 2,303 | 2,191 | 5.1% | 5.8% | ||||
| (Release) additions of provisions for legal proceedings in Switzerland | (10) | 82 | ||||||
| Additions of provisions for legal proceedings in Italy | 13 | – | ||||||
| EBITDA adjusted | 2,306 | 2,273 | 1.5% | 2.1% | ||||
| Capital expenditure | ||||||||
| Capital expenditure in property, plant and equipment and intangible assets | 1,104 | 1,047 | 5.4% | 6.6% | ||||
| Payments for indefeasible rights of use (IRU) | 9 | 6 | 50.0% | |||||
| Capital expenditure | 1,113 | 1,053 | 5.7% | 6.8% | ||||
| In CHF million | 1.1.–30.6.2023 | 1.1.–30.6.2022 | Change reported | |||
|---|---|---|---|---|---|---|
| Operating free cash flow proxy | ||||||
| Cash flow from operating activities | 1,731 | 1,484 | 247 | |||
| Capital expenditure | (1,113) | (1,053) | (60) | |||
| Depreciation of right-of-use assets | (132) | (134) | 2 | |||
| Depreciation of indefeasible rights of use (IRU) | 10 | 10 | – | |||
| Change in deferred gain from the sale and leaseback of real estate | 2 | 3 | (1) | |||
| Change in operating assets and liabilities | 332 | 408 | (76) | |||
| Change in provisions | 12 | (57) | 69 | |||
| Change in net defined benefit liabilities | 17 | (33) | 50 | |||
| Gain on sale of property, plant and equipment | 4 | 3 | 1 | |||
| Loss on sale of property, plant and equipment | (1) | (3) | 2 | |||
| Expense for share-based payments | (1) | (1) | – | |||
| Revenue from finance leases | 37 | 35 | 2 | |||
| Proceeds from finance leases | (74) | (30) | (44) | |||
| Interest received | (2) | (4) | 2 | |||
| Interest payments on financial liabilities | 25 | 21 | 4 | |||
| Dividends received | (1) | (1) | – | |||
| Income taxes paid | 201 | 344 | (143) | |||
| Operating free cash flow proxy | 1,047 | 992 | 55 | |||
| Free cash flow | ||||||
| Cash flow from operating activities | 1,731 | 1,484 | 247 | |||
| Cash flow used in investing activities | (1,157) | (1,150) | (7) | |||
| Repayment of lease liabilities | (163) | (141) | (22) | |||
| Acquisition of subsidiaries, net of cash and cash equivalents acquired | 58 | 64 | (6) | |||
| Proceeds from equity-accounted investees | (3) | – | (3) | |||
| Acquisition of equity-accounted investees | 1 | 1 | – | |||
| Purchase of other financial assets | 13 | 86 | (73) | |||
| Proceeds from other financial assets | (16) | (51) | 35 | |||
| Other cash flows from financing activities | (2) | – | (2) | |||
| Free cash flow | 462 | 293 | 169 | |||