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In CHF million   Note   2018   2017
Net income       1,521   1,568
Income tax expense   6.1    395   392
Result of equity-accounted investees   5.3    (5)   11
Financial income   2.4    (28)   (44)
Financial expense   2.4    186   204
Depreciation, amortisation and impairment losses   3.23.4    2,144   2,164
Gain on sale of property, plant and equipment   1.2    (17)   (24)
Loss on disposal of property, plant and equipment       7   2
Expense for share-based payments       1   2
Change in provisions   3.5    (57)   51
Change in defined benefit obligations   4.3    64   36
Change in operating assets and liabilities   3.1    (70)   165
Change in deferred gain from the sale and leaseback of real estate   2.2    (12)   (12)
Interest received       24   26
Dividends received   5.3    18   20
Interest paid   2.2    (157)   (181)
Income taxes paid   6.1    (294)   (289)
Cash flow from operating activities       3,720   4,091
Purchase of property, plant and equipment and intangible assets   3.2, 3.4    (2,404)   (2,378)
Sale of property, plant and equipment and intangible assets       21   30
Acquisition of subsidiaries, net of cash and cash equivalents acquired   5.2    (78)   (63)
Purchase of equity-accounted investees   5.2    (35)   (20)
Proceeds from sale of equity-accounted investees   5.2      76
Purchase of other financial assets       (31)   (58)
Proceeds from other financial assets       32   158
Cash flow used in investing activities       (2,495)   (2,255)
Issuance of financial liabilities   2.2    1,451   757
Repayment of financial liabilities   2.2    (1,571)   (1,158)
Dividends paid to equity holders of Swisscom Ltd   2.1    (1,140)   (1,140)
Dividends paid to non-controlling interests       (1)   (8)
Acquisition of non-controlling interests   5.2      (99)
Other cash flows from financing activities       (9)   (9)
Cash flow used in financing activities       (1,270)   (1,657)
(Net decrease) net increase in cash and cash equivalents       (45)   179
Cash and cash equivalents at 1 January       525   329
Foreign currency translation adjustments in respect of cash and cash equivalents       (6)   17
Cash and cash equivalents at 31 December       474   525