Consolidated statement of cash flows (unaudited)

In CHF million	Note	31.03.2020	31.03.2019
Net income		394	383
Income tax expense		74	104
Result of equity-accounted investees		(1)	(2)
Financial income	6	(7)	(26)
Financial expense	6	44	46
Depreciation and amortisation of property, plant and equipment and intangible assets		537	547
Depreciation of right-of-use assets		70	67
Gain on sale of property, plant and equipment		–	(3)
Revenue from finance leases		(14)	–
Change in deferred gain from the sale and leaseback of real estate		(3)	(3)
Change in operating assets and liabilities	7	(201)	(46)
Change in provisions		(1)	8
Change in defined benefit obligations		14	12
Interest received		11	10
Interest payments for financial liabilities		(16)	(13)
Interest payments for lease liabilities		(11)	(8)
Income taxes paid		(119)	(242)
Cash flow from operating activities		771	834
Purchase of property, plant and equipment and intangible assets		(513)	(516)
Sale of property, plant and equipment and intangible assets		1	6
Acquisition of subsidiaries, net of cash and cash equivalents acquired		(7)	(245)
Expenditure for equity-accounted investees		(1)	(1)
Purchase of other financial assets		(3)	(3)
Proceeds from other financial assets		25	17
Cash flow used in investing activities		(498)	(742)
Issuance of financial liabilities	5	1,574	222
Repayment of financial liabilities	5	(562)	(310)
Repayment of lease liabilities		(91)	(80)
Other cash flows from financing activities		(33)	(6)
Cash flow from (used in) financing activities		888	(174)
Net increase (net decrease) in cash and cash equivalents		1,161	(82)
Cash and cash equivalents at 1 January		328	474
Foreign currency translation adjustments in respect of cash and cash equivalents		(2)	1
Cash and cash equivalents at the end of financial period		1,487	393

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Consolidated statement of cash flows (unaudited)