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Reconciliation of alternative performance measures


In CHF million
 
1.1.–30.9.2022
 
1.1.–30.9.2021
  Change
reported
  Change at constant
exchange rates
                 
Net revenue                
Net revenue   8,225   8,343   –1.4%   0.3%
                 
Operating income before depreciation and amortisation (EBITDA)                
EBITDA   3,341   3,465   –3.6%   –2.1%
Gain from change in pension plan     (60)        
Additions to provisions for legal proceedings in Switzerland   82   52      
EBITDA adjusted   3,423   3,457   –1.0%   0.5%
                 
Capital expenditure                
Capital expenditure in property, plant and equipment and intangible assets   1,591   1,594   –0.2%   2.0%
Payments for indefeasible rights of use (IRU)   10   11   –9.1%    
Capital expenditure   1,601   1,605   –0.2%   1.9%

In CHF million
 
1.1.–30.9.2022
 
1.1.–30.9.2021
  Change
reported
             
Operating free cash flow proxy            
Cash flow from operating activities   2,774   2,979   (205)
Capital expenditure   (1,601)   (1,605)   4
Depreciation of right-of-use assets   (201)   (211)   10
Depreciation of indefeasible rights of use (IRU)   15   18   (3)
Change in deferred gain from the sale and leaseback of real estate   7   9   (2)
Change in operating assets and liabilities   135   92   43
Change in provisions   25   (12)   37
Change in defined benefit obligations   (41)   22   (63)
Gain on sale of property, plant and equipment   6   5   1
Loss on disposal of property, plant and equipment   (3)     (3)
Expense for share-based payments   (1)   (1)  
Revenue from finance leases   64   71   (7)
Proceeds from finance leases   (56)   (71)   15
Interest received   (1)   (12)   11
Interest payments on financial liabilities   48   68   (20)
Dividends received   (1)   (1)  
Income taxes paid   352   283   69
Operating free cash flow proxy   1,521   1,634   (113)
     
             
Free cash flow            
Cash flow from operating activities   2,774   2,979   (205)
Cash flow used in investing activities   (1,768)   (1,387)   (381)
Repayment of lease liabilities   (192)   (208)   16
Acquisition of subsidiaries, net of cash and cash equivalents acquired   64   25   39
Proceeds from sale of equity-accounted investees     (135)   135
Expenses for shareholdings accounted for using the equity method   1   1  
Purchase of other financial assets   154   13   141
Proceeds from other financial assets   (53)   (112)   59
Free cash flow   980   1,176   (196)