Reconciliation of alternative performance measures
In CHF million |
1.01.–31.03.2023 |
1.01.–31.03.2022 |
Change reported |
Change at constant exchange rates |
||||
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 2,747 | 2,754 | –0.3% | 0.6% | ||||
| Operating income before depreciation and amortisation (EBITDA) | ||||||||
| EBITDA | 1,164 | 1,137 | 2.4% | 3.0% | ||||
| Capital expenditure | ||||||||
| Capital expenditure in property, plant and equipment and intangible assets | 541 | 519 | 4.2% | 5.4% | ||||
| Payments for indefeasible rights of use (IRU) | 4 | 3 | 33.3% | |||||
| Capital expenditure | 545 | 522 | 4.4% | 5.6% |
In CHF million |
1.01.–31.03.2023 |
1.01.–31.03.2022 |
Change reported |
|||
|---|---|---|---|---|---|---|
| Operating free cash flow proxy | ||||||
| Cash flow from operating activities | 845 | 667 | 178 | |||
| Capital expenditure | (545) | (522) | (23) | |||
| Depreciation of right-of-use assets | (66) | (66) | – | |||
| Depreciation of indefeasible rights of use (IRU) | 5 | 5 | – | |||
| Proceeds from finance lease receivables | (42) | (7) | (35) | |||
| Change in deferred gain from the sale and leaseback of real estate | 1 | 1 | – | |||
| Change in operating assets and liabilities | 228 | 244 | (16) | |||
| Change in provisions | 15 | 19 | (4) | |||
| Change in defined benefit obligations | 8 | (16) | 24 | |||
| Gain on sale of property, plant and equipment | 1 | – | 1 | |||
| Revenue from finance leases | 19 | 18 | 1 | |||
| Interest received | (1) | (1) | – | |||
| Interest payments for financial liabilities | 13 | 12 | 1 | |||
| Income taxes paid | 65 | 189 | (124) | |||
| Operating free cash flow proxy | 546 | 543 | 3 | |||
| Free cash flow | ||||||
| Cash flow from operating activities | 845 | 667 | 178 | |||
| Cash flow used in investing activities | (530) | (615) | 85 | |||
| Repayment of lease liabilities | (98) | (86) | (12) | |||
| Acquisition of subsidiaries, net of cash and cash equivalents acquired | (3) | 62 | (65) | |||
| Expenditure for equity-accounted investees | 1 | 1 | – | |||
| Purchase of other financial assets | 2 | 36 | (34) | |||
| Proceeds from other financial assets | (11) | (3) | (8) | |||
| Other cash flows from financing activities | 3 | 1 | 2 | |||
| Free cash flow | 209 | 63 | 146 |