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Consolidated statement of cash flows (unaudited)


In CHF million
 
Note
  1.1.–30.9.
2020
  1.1.–30.9.
2019
Net income       1,166   1,181
Income tax expense       248   230
Result of equity-accounted investees       (4)   (1)
Financial income   6    (43)   (25)
Financial expense   6    156   144
Depreciation and amortisation of property, plant and equipment and intangible assets       1,616   1,626
Depreciation of right-of-use assets       217   205
Gain on sale of property, plant and equipment       (8)   (12)
Revenue from finance leases       (49)  
Change in deferred gain from the sale and leaseback of real estate       (9)   (9)
Change in operating assets and liabilities   7    (26)   (38)
Expense for share-based payments       1   1
Change in provisions       (27)   (5)
Change in defined benefit obligations       46   42
Interest received       23   24
Interest payments on financial liabilities       (82)   (78)
Interest payments on lease liabilities       (34)   (24)
Dividends received       15   18
Income taxes paid       (174)   (347)
Cash flow from operating activities       3,032   2,932
Purchase of property, plant and equipment and intangible assets       (1,621)   (1,791)
Sale of property, plant and equipment and intangible assets       13   21
Acquisition of subsidiaries, net of cash and cash equivalents acquired       (30)   (385)
Sale of subsidiaries, net of cash and cash equivalents sold         1
Expenses for shareholdings accounted for using the equity method       (15)   (13)
Purchase of other financial assets       (122)   (53)
Proceeds from other financial assets       69   30
Cash flow used in investing activities       (1,706)   (2,190)
Issuance of financial liabilities   5    781   529
Repayment of financial liabilities   5    (832)   (68)
Repayment of lease liabilities       (207)   (228)
Dividends paid to equity holders of Swisscom Ltd       (1,140)   (1,140)
Dividends paid to non-controlling interests       (1)   (1)
Other cash flows from financing activities       (8)   (14)
Cash flow used in financing activities       (1,407)   (922)
Net decrease in cash and cash equivalents       (81)   (180)
Cash and cash equivalents at 1 January       328   474
Foreign currency translation adjustments in respect of cash and cash equivalents         (2)
Cash and cash equivalents at the end of period       247   292