Reconciliation of alternative performance measures
In CHF million |
1.1.–31.3.2020 |
1.1.–31.3.2019 |
Change reported |
Change at constant exchange rates |
||||
|---|---|---|---|---|---|---|---|---|
| Net revenue | ||||||||
| Net revenue | 2,737 | 2,860 | –4.3% | –3.1% | ||||
| Operating income before depreciation and amortisation (EBITDA) | ||||||||
| EBITDA | 1,111 | 1,119 | –0.7% | 0.2% | ||||
| Adjustments lease expense | – | 5 | – | |||||
| EBITDA adjusted | 1,111 | 1,124 | –1.2% | –0.3% | ||||
| Capital expenditure | ||||||||
| Capital expenditure in property, plant and equipment and intangible assets | 513 | 516 | –0.6% | 1.2% | ||||
| Payments for indefeasible rights of use (IRU) | 3 | 2 | 50.0% | |||||
| Capital expenditure | 516 | 518 | –0.4% | 1.4% |
In CHF million |
1.1.–31.3.2020 |
1.1.–31.3.2019 |
Change reported |
|||
|---|---|---|---|---|---|---|
| Operating free cash flow proxy | ||||||
| Cash flow from operating activities | 771 | 834 | (63) | |||
| Capital expenditure | (516) | (518) | 2 | |||
| Depreciation of right-of-use assets | (70) | (67) | (3) | |||
| Depreciation of indefeasible rights of use (IRU) | 6 | 7 | (1) | |||
| Change in deferred gain from the sale and leaseback of real estate | 3 | 3 | – | |||
| Change in operating assets and liabilities | 201 | 46 | 155 | |||
| Change in provisions | 1 | (8) | 9 | |||
| Change in defined benefit obligations | (14) | (12) | (2) | |||
| Gain on sale of property, plant and equipment | – | 3 | (3) | |||
| Revenue from finance leases | 14 | – | 14 | |||
| Interest received | (11) | (10) | (1) | |||
| Interest payments for financial liabilities | 16 | 13 | 3 | |||
| Income taxes paid | 119 | 242 | (123) | |||
| Operating free cash flow proxy | 520 | 533 | (13) | |||
| Free cash flow | ||||||
| Cash flow from operating activities | 771 | 834 | (63) | |||
| Cash flow used in investing activities | (498) | (742) | 244 | |||
| Repayment of lease liabilities | (91) | (80) | (11) | |||
| Acquisition of subsidiaries, net of cash and cash equivalents acquired | 7 | 245 | (238) | |||
| Expenditure for equity-accounted investees | 1 | 1 | – | |||
| Purchase of other financial assets | 3 | 3 | – | |||
| Proceeds from other financial assets | (4) | (17) | 13 | |||
| Free cash flow | 189 | 244 | (55) |