Consolidated Cash Flow Statement
CHF million |
|
Note |
|
2021 |
|
2020 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income |
|
|
|
490.5 |
|
|
|
320.1 |
|
|
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Taxes |
|
|
|
131.2 |
|
|
|
74.0 |
|
|
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Interest expense |
|
|
|
25.4 |
|
|
|
28.5 |
|
|
||||||||||
Interest income |
|
|
|
– 1.8 |
|
|
|
– 2.3 |
|
|
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Depreciation, amortization and impairment |
|
|
276.6 |
|
|
|
275.8 |
|
|
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Decrease (–) / Increase (+) of provisions |
|
|
|
– 44.6 |
|
|
|
4.7 |
|
|
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Decrease (–) / Increase (+) of allowances from current assets |
|
|
|
13.8 |
|
|
|
21.9 |
|
|
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Decrease (+) / Increase (–) of pension plans |
|
|
|
4.4 |
|
|
|
2.2 |
|
|
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Profit (–) / Loss (+) from disposals of fixed asset |
|
|
|
– 5.5 |
|
|
|
– 4.4 |
|
|
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Decrease (+) / Increase (–) of accounts receivables |
|
|
|
– 73.2 |
|
|
|
90.1 |
|
|
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Decrease (+) / Increase (–) of inventories |
|
|
|
– 79.2 |
|
|
|
– 0.8 |
|
|
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Decrease (+) / Increase (–) of other receivables |
|
|
|
1.5 |
|
|
|
18.7 |
|
|
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Decrease (+) / Increase (–) of accrued income, prepayments, derivative assets and liabilities |
|
|
|
– 14.5 |
|
|
|
– 2.3 |
|
|
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Decrease (–) / Increase (+) of accounts payable |
|
|
|
57.2 |
|
|
|
– 34.2 |
|
|
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Decrease (–) / Increase (+) of other payables and accrued liabilities |
|
|
|
173.0 |
|
|
|
106.0 |
|
|
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Interest received from third parties |
|
|
|
1.6 |
|
|
|
1.3 |
|
|
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Interest paid to third parties |
|
|
|
– 24.7 |
|
|
|
– 27.2 |
|
|
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Taxes paid |
|
|
|
– 121.8 |
|
|
|
– 119.7 |
|
|
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Non-cash effective items1 |
|
|
|
16.9 |
|
|
|
35.2 |
|
|
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Cash flow from operating activities (operating cash flow) |
|
|
|
|
|
826.8 |
|
|
|
787.6 |
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|
|
|
|
|
|
|
|
|
|
|
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CAPEX in property, plant and equipment |
|
|
– 217.1 |
|
|
|
– 225.9 |
|
|
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Disposal proceeds property, plant and equipment |
|
|
8.7 |
|
|
|
8.0 |
|
|
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CAPEX in intangible assets |
|
|
– 23.5 |
|
|
|
– 23.2 |
|
|
|||||||||||
CAPEX in right-of-use assets2 |
|
|
|
– 0.2 |
|
|
|
– |
|
|
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Disposal proceeds (+) / Investing expenditures (–) in financial assets (excluding pension assets) |
|
|
|
– 0.3 |
|
|
|
– |
|
|
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Disposal proceeds (+) / Investing expenditures (–) in marketable securities and short-term financial assets |
|
|
|
151.4 |
|
|
|
2.3 |
|
|
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Acquisition of subsidiaries |
|
|
– 1.5 |
|
|
|
– 1.7 |
|
|
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Cash flow from investment activities |
|
|
|
|
|
– 82.5 |
|
|
|
– 240.5 |
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Proceeds from borrowings3 |
|
|
|
15.0 |
|
|
|
0.9 |
|
|
||||||||||
Repayments of borrowings3 |
|
|
|
– 2.9 |
|
|
|
– 2.5 |
|
|
||||||||||
Repayments of lease liabilities |
|
|
– 73.0 |
|
|
|
– 65.3 |
|
|
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Proceeds from the issuance of bond |
|
|
– |
|
|
|
498.9 |
|
|
|||||||||||
Repayment of bond |
|
|
– |
|
|
|
– 499.9 |
|
|
|||||||||||
Capital increase (including premium) |
|
|
|
119.2 |
|
|
|
87.9 |
|
|
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Purchase of treasury stock |
|
|
|
– 433.3 |
|
|
|
– 34.9 |
|
|
||||||||||
Sale of treasury stock |
|
|
|
14.5 |
|
|
|
92.8 |
|
|
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Distribution of profits |
|
|
|
– 264.1 |
|
|
|
– 417.6 |
|
|
||||||||||
Cash flow with non-controlling interests |
|
|
– 30.4 |
|
|
|
– 0.4 |
|
|
|||||||||||
Cash flow from financing activities |
|
|
|
|
|
– 655.0 |
|
|
|
– 340.1 |
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|
|
|
|
|
|
|
|
|
|
|
||||||||||
Net increase (+) / decrease (–) in cash and cash equivalents |
|
|
|
|
|
89.3 |
|
|
|
207.0 |
||||||||||
|
|
|
|
|
|
|
|
|
|
|
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Cash and cash equivalents as at January 1 |
|
|
|
848.4 |
|
|
|
654.8 |
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Exchange gains (+) / losses (–) on cash and cash equivalents |
|
|
|
– 0.5 |
|
847.9 |
|
– 13.4 |
|
641.4 |
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Cash and cash equivalents as at December 31 |
|
|
|
|
937.2 |
|
|
|
848.4 |
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