Reconciliation of alternative performance measures
In CHF million |
1.01.–30.09.2020 |
1.01.–30.09.2019 |
Change reported |
Change at constant exchange rates |
||||
|---|---|---|---|---|---|---|---|---|
| Net revenue | ||||||||
| Net revenue | 8,201 | 8,456 | –3.0% | –2.1% | ||||
| Operating income before depreciation and amortisation (EBITDA) | ||||||||
| EBITDA | 3,356 | 3,360 | –0.1% | 0.7% | ||||
| Adjustments lease expense | – | 15 | – | |||||
| EBITDA adjusted | 3,356 | 3,375 | –0.6% | 0.2% | ||||
| Capital expenditure | ||||||||
| Capital expenditure in property, plant and equipment and intangible assets | 1,621 | 1,791 | –9.5% | –9.0% | ||||
| Payments for indefeasible rights of use (IRU) | 11 | 42 | –73.8% | |||||
| Capital expenditure | 1,632 | 1,833 | –11.0% | –10.5% |
In CHF million |
1.01.–30.09.2020 |
1.01.–30.09.2019 |
Change reported |
|||
|---|---|---|---|---|---|---|
| Operating free cash flow proxy | ||||||
| Cash flow from operating activities | 3,032 | 2,932 | 100 | |||
| Capital expenditure | (1,632) | (1,833) | 201 | |||
| Depreciation of right-of-use assets | (217) | (205) | (12) | |||
| Depreciation of indefeasible rights of use (IRU) | 18 | 23 | (5) | |||
| Impairment losses of right-of-use assets | 7 | – | 7 | |||
| Change in deferred gain from the sale and leaseback of real estate | 9 | 9 | – | |||
| Change in operating assets and liabilities | 26 | 38 | (12) | |||
| Change in provisions | 27 | 5 | 22 | |||
| Change in defined benefit obligations | (46) | (42) | (4) | |||
| Gain on sale of property, plant and equipment | 8 | 12 | (4) | |||
| Expense for share-based payments | (1) | (1) | – | |||
| Revenue from finance leases | 49 | – | 49 | |||
| Interest received | (23) | (24) | 1 | |||
| Interest payments on financial liabilities | 82 | 78 | 4 | |||
| Dividends received | (15) | (18) | 3 | |||
| Income taxes paid | 174 | 347 | (173) | |||
| Operating free cash flow proxy | 1,498 | 1,321 | 177 | |||
| Free cash flow | ||||||
| Cash flow from operating activities | 3,032 | 2,932 | 100 | |||
| Cash flow used in investing activities | (1,706) | (2,190) | 484 | |||
| Repayment of lease liabilities | (207) | (228) | 21 | |||
| Acquisition of subsidiaries, net of cash and cash equivalents acquired | 30 | 385 | (355) | |||
| Sale of subsidiaries, net of cash and cash equivalents sold | – | (1) | 1 | |||
| Expenses for shareholdings accounted for using the equity method | 15 | 13 | 2 | |||
| Purchase of other financial assets | 122 | 53 | 69 | |||
| Proceeds from other financial assets | (19) | (66) | 47 | |||
| Free cash flow | 1,267 | 898 | 369 |