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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