Menu

3rd Interim Report 2022
3rd Interim Report 2022
Open report

Language

Leave

Report switcher allows selecting another report from a different reporting period

3rd Interim Report 2022
  • 1st Interim Report 2025
  • Sustainability Impact Report 2024
  • Annual Report 2024
  • 3rd Interim Report 2024
  • 2nd Interim Report 2024
  • 1st Interim Report 2024
  • Annual Report 2023
  • 3rd Interim Report 2023
  • 2nd Interim Report 2023
  • 1st Interim Report 2023
  • Annual Report 2022
  • 3rd Interim Report 2022
  • 2nd Interim Report 2022
  • 1st Interim Report 2022
  • Annual Report 2021
  • 3rd Interim Report 2021
  • 2nd Interim Report 2021
  • 1st Interim Report 2021
  • Annual Report 2020
  • 3rd Interim Report 2020
  • 2nd Interim Report 2020
  • 1st Interim Report 2020
  • Annual Report 2019
  • 3rd Interim Report 2019
  • 2nd Interim Report 2019
  • 1st Interim Report 2019
  • Index
  • Search

Table of contents for the 3rd Interim Report 2022 report

3nd Interim Report 2022
KPIsBusiness performance
SummarySegment resultsDepreciation and amortisation, non operating resultsCash flowsNet asset positionOutlook
Consolidated interim financial statements
Consolidated statement of comprehensive income (unaudited)Consolidated balance sheet (unaudited)Consolidated statement of cash flows (unaudited)Consolidated statement of changes in equity (unaudited)
Notes to the interim financial statements
About this report1 Changes in accounting principles2 Segment information3 Operating costs4 Dividends5 Financial liabilities6 Financial result7 Net current operating assets8 Provisions and contingent liabilities
Alternative performance measures
Reconciliation of alternative performance measures
Further information
Share informationQuarterly review 2021 and 2022Forward looking statements
We found 0 search results

No search results. Please enter a different search term.

Cash flows


In CHF million
  1.1.–30.9.
2022
  1.1.–30.9.
2021
 
Change
Operating income before depreciation and amortisation (EBITDA)   3,341   3,465   (124)
Lease expense   (219)   (226)   7
EBITDA after lease expense (EBITDA AL)   3,122   3,239   (117)
Capital expenditure   (1,601)   (1,605)   4
Operating free cash flow proxy   1,521   1,634   (113)
Change in net working capital   (167)   (89)   (78)
Change in defined benefit obligations   41   (22)   63
Net interest payments on financial assets and liabilities   (47)   (56)   9
Income taxes paid   (352)   (283)   (69)
Other operating cash flow   (16)   (8)   (8)
Free cash flow   980   1,176   (196)
(Net expenditures) net proceeds from company acquisitions and disposals   (65)   109   (174)
Dividends paid to equity holders of Swisscom Ltd   (1,140)   (1,140)   –
Other changes   227   63   164
Decrease in net debt   2   208   (206)

The operating free cash flow proxy fell by 6.9% or CHF 113 million year-on-year to CHF 1,521 million. This was mainly due to the lower operating income before depreciation and amortisation (EBITDA). Free cash flow declined by 16.7% or CHF 196 million year-on-year to CHF 980 million as a result of the lower operating free cash flow proxy and higher income taxes paid. The increase in income taxes paid is due to corrective payments for past financial years. Net working capital grew by CHF 167 million compared with the end of 2021 (prior year: CHF 89 million). Net working capital rose primarily as a result of a payment of CHF 100 million from litigation concluded in the prior year. In 2021, net cash inflows from acquisitions and disposals included the sale price of CHF 126 million from the sale of the participation in Belgacom International Carrier Services. In the second quarter of 2022, an unchanged dividend per share of CHF 22 was paid, representing a total dividend payment of CHF 1,140 million.