Reconciliation of alternative performance measures
In CHF million |
1.1.–30.6.2020 |
1.1.–30.6.2019 |
Change reported |
Change at constant exchange rates |
||||
|---|---|---|---|---|---|---|---|---|
| Net revenue | ||||||||
| Net revenue | 5,443 | 5,663 | –3.9% | –2.7% | ||||
| Operating income before depreciation and amortisation (EBITDA) | ||||||||
| EBITDA | 2,208 | 2,240 | –1.4% | –0.4% | ||||
| Adjustments lease expense | – | 10 | – | |||||
| EBITDA adjusted | 2,208 | 2,250 | –1.9% | –0.9% | ||||
| Capital expenditure | ||||||||
| Capital expenditure in property, plant and equipment and intangible assets | 1,069 | 1,270 | –15.8% | –15.0% | ||||
| Payments for indefeasible rights of use (IRU) | 6 | 27 | –77.8% | |||||
| Capital expenditure | 1,075 | 1,297 | –17.1% | –16.3% |
| In CHF million | 1.1.–30.6.2020 | 1.1.–30.6.2019 | Change reported | |||
|---|---|---|---|---|---|---|
| Operating free cash flow proxy | ||||||
| Cash flow from operating activities | 1,950 | 1,807 | 143 | |||
| Capital expenditure | (1,075) | (1,297) | 222 | |||
| Depreciation of right-of-use assets | (147) | (136) | (11) | |||
| Depreciation of indefeasible rights of use (IRU) | 12 | 14 | (2) | |||
| Impairment losses of right-of-use assets | 7 | – | 7 | |||
| Change in deferred gain from the sale and leaseback of real estate | 6 | 6 | – | |||
| Change in operating assets and liabilities | 71 | 151 | (80) | |||
| Change in provisions | 10 | 4 | 6 | |||
| Change in defined benefit obligations | (29) | (26) | (3) | |||
| Gain on sale of property, plant and equipment | – | 4 | (4) | |||
| Expense for share-based payments | (1) | (1) | – | |||
| Revenue from finance leases | 27 | – | 27 | |||
| Interest received | (9) | (11) | 2 | |||
| Interest payments on financial liabilities | 20 | 16 | 4 | |||
| Dividends received | (15) | (18) | 3 | |||
| Income taxes paid | 156 | 293 | (137) | |||
| Operating free cash flow proxy | 983 | 806 | 177 | |||
| Free cash flow | ||||||
| Cash flow from operating activities | 1,950 | 1,807 | 143 | |||
| Cash flow used in investing activities | (1,066) | (1,570) | 504 | |||
| Repayment of lease liabilities | (151) | (132) | (19) | |||
| Acquisition of subsidiaries, net of cash and cash equivalents acquired | 16 | 281 | (265) | |||
| Expenses for shareholdings accounted for using the equity method | 9 | 7 | 2 | |||
| Purchase of other financial assets | 18 | 8 | 10 | |||
| Proceeds from other financial assets | (15) | (25) | 10 | |||
| Free cash flow | 761 | 376 | 385 |