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Consolidated statement of cash flows (condensed and unaudited)


In CHF million
 
Note
  1st half-year
2016
  1st half-year
2015
Net income       788   784
Adjustment for non-cash items       1,427   1,343
Change in operating assets and liabilities       (244)   (236)
Income taxes paid       (257)   (257)
Cash flow provided by operating activities       1,714   1,634
Capital expenditure       (1,193)   (1,152)
Acquisition of subsidiaries, net of cash and cash equivalents acquired       (27)   (61)
Proceeds from sale of subsidiaries, net of cash and cash equivalents sold         28
Other cash flows from investing activities, net       27   28
Cash flow used in investing activities       (1,193)   (1,157)
Issuance and repayment of financial liabilities, net   4    730   624
Dividends paid to equity holders of Swisscom Ltd   7    (1,140)   (1,140)
Dividends paid to non-controlling interests       (8)   (7)
Other cash flows from financing activities, net       (33)   (37)
Cash flow used in financing activities       (451)   (560)
Net increase (net decrease) in cash and cash equivalents       70   (83)
Cash and cash equivalents at beginning of period       324   302
Foreign currency translation adjustments in respect of cash and cash equivalents         1
Cash and cash equivalents at end of period       394   220