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Reconciliation of alternative performance measures


In CHF million
 
1.1.–30.6.2022
 
1.1.–30.6.2021
 
Change reported
  Change at constant
exchange rates
                 
Net revenue                
Net revenue   5,494   5,583   –1.6%   –0.1%
                 
Operating income before depreciation and amortisation (EBITDA)                
EBITDA   2,191   2,317   –5.4%   –4.2%
Gain from change in pension plan     (60)        
Additions to provisions for legal proceedings in Switzerland   82   22        
EBITDA adjusted   2,273   2,279   –0.3%   1.0%
                 
Capital expenditure                
Capital expenditure in property, plant and equipment and intangible assets   1,047   1,078   –2.9%   –0.9%
Payments for indefeasible rights of use (IRU)   6   5   20.0%    
Capital expenditure   1,053   1,083   –2.8%   –0.8%
In CHF million   1.1.–30.6.2022   1.1.–30.6.2021   Change reported
             
Operating free cash flow proxy            
Cash flow from operating activities   1,484   1,878   (394)
Capital expenditure   (1,053)   (1,083)   30
Depreciation of right-of-use assets   (134)   (141)   7
Depreciation of indefeasible rights of use (IRU)   10   12   (2)
Change in deferred gain from the sale and leaseback of real estate   3   8   (5)
Change in operating assets and liabilities   408   121   287
Change in provisions   (57)   2   (59)
Change in net defined benefit liabilities   (33)   36   (69)
Gain on sale of property, plant and equipment   3   3  
Loss on sale of property, plant and equipment   (3)     (3)
Expense for share-based payments   (1)   (1)  
Revenue from finance leases   35   51   (16)
Proceeds from finance leases   (30)   (47)   17
Interest received   (4)   (2)   (2)
Interest payments on financial liabilities   21   18   3
Dividends received   (1)   (1)  
Income taxes paid   344   229   115
Operating free cash flow proxy   992   1,083   (91)
     
             
Free cash flow            
Cash flow from operating activities   1,484   1,878   (394)
Cash flow used in investing activities   (1,150)   (883)   (267)
Repayment of lease liabilities   (141)   (152)   11
Acquisition of subsidiaries, net of cash and cash equivalents acquired   64   25   39
Proceeds from equity-accounted investees     (134)   134
Expenses for shareholdings accounted for using the equity method   1   1  
Purchase of other financial assets   86   11   75
Proceeds from other financial assets   (51)   (101)   50
Other cash flows from investing and financing activities     1   (1)
Free cash flow   293   646   (353)