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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)