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Consolidated statement of cash flows (condensed and unaudited)

In CHF million   Note   1.1.–30.9.2017   1.1.–30.9.2016
Net income       1,269   1,197
Adjustment for non-cash items       2,085   2,095
Change in operating assets and liabilities       (91)   (137)
Income taxes paid       (254)   (281)
Cash flow provided by operating activities       3,009   2,874
Capital expenditure for tangible and intangible assets       (1,587)   (1,768)
Acquisition of subsidiaries, net of cash and cash equivalents       (61)   (26)
Proceeds from sale of associates   4    78   2
Other cash flows from investing activities, net       139   23
Cash flow used in investing activities       (1,431)   (1,769)
Issuance and repayment of financial liabilities, net   5    (265)   137
Dividends paid to equity holders of Swisscom Ltd   8    (1,140)   (1,140)
Dividends paid to non-controlling interests       (8)   (8)
Acquisition of non-controlling interets       (21)   1
Other cash flows from financing activities, net       (146)   (146)
Cash flow used in financing activities       (1,580)   (1,156)
Net decrease in cash and cash equivalents       (2)   (51)
Cash and cash equivalents at beginning of period       329   324
Foreign currency translation adjustments in respect of cash and cash equivalents       11  
Cash and cash equivalents at end of period       338   273