Consolidated Cash Flow Statement
CHF million |
|
Note |
|
2022 |
|
2021 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income |
|
|
|
569.7 |
|
|
|
490.5 |
|
|
||||||||
Taxes |
|
|
|
151.8 |
|
|
|
131.2 |
|
|
||||||||
Interest expenses |
|
|
|
29.7 |
|
|
|
25.4 |
|
|
||||||||
Interest income |
|
|
|
– 2.5 |
|
|
|
– 1.8 |
|
|
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Depreciation, amortization and impairment |
|
|
273.1 |
|
|
|
276.6 |
|
|
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Decrease (–)/Increase (+) of provisions |
|
|
|
4.2 |
|
|
|
– 44.6 |
|
|
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Decrease (–)/Increase (+) of allowances from current assets |
|
|
|
6.9 |
|
|
|
13.8 |
|
|
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Decrease (+)/Increase (–) of pension plans |
|
|
|
– 8.0 |
|
|
|
4.4 |
|
|
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Profit (–)/Loss (+) from disposals of fixed asset |
|
|
|
1.2 |
|
|
|
– 5.5 |
|
|
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Decrease (+)/Increase (–) of accounts receivables |
|
|
|
– 85.9 |
|
|
|
– 73.2 |
|
|
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Decrease (+)/Increase (–) of inventories |
|
|
|
– 140.6 |
|
|
|
– 79.2 |
|
|
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Decrease (+)/Increase (–) of other receivables |
|
|
|
– 10.6 |
|
|
|
1.5 |
|
|
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Decrease (+)/Increase (–) of accrued income, prepayments, derivative assets and liabilities |
|
|
|
– 0.5 |
|
|
|
– 14.5 |
|
|
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Decrease (–)/Increase (+) of accounts payable |
|
|
|
62.3 |
|
|
|
57.2 |
|
|
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Decrease (–)/Increase (+) of other payables and accrued liabilities |
|
|
|
47.5 |
|
|
|
173.0 |
|
|
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Interest received |
|
|
|
2.3 |
|
|
|
1.6 |
|
|
||||||||
Interest paid |
|
|
|
– 28.3 |
|
|
|
– 24.7 |
|
|
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Taxes paid |
|
|
|
– 138.3 |
|
|
|
– 121.8 |
|
|
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Non-cash effective items1 |
|
|
|
22.0 |
|
|
|
16.9 |
|
|
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Cash flow from operating activities (operating cash flow) |
|
|
|
|
|
756.0 |
|
|
|
826.8 |
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|
|
|
|
|
|
|
|
|
|
|
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CAPEX in property, plant and equipment |
|
|
|
– 205.3 |
|
|
|
– 217.1 |
|
|
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Disposal proceeds property, plant and equipment |
|
|
|
1.5 |
|
|
|
8.7 |
|
|
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CAPEX in intangible assets |
|
|
|
– 24.4 |
|
|
|
– 23.5 |
|
|
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Disposal proceeds intangible assets |
|
|
|
0.1 |
|
|
|
– |
|
|
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CAPEX in right-of-use assets2 |
|
|
|
– 0.2 |
|
|
|
– 0.2 |
|
|
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Disposal proceeds right-of-use assets |
|
|
|
0.1 |
|
|
|
– |
|
|
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Disposal proceeds (+)/Investing expenditures (–) in financial assets (excluding pension assets) |
|
|
|
– |
|
|
|
– 0.3 |
|
|
||||||||
Disposal proceeds (+)/Investing expenditures (–) in marketable securities and short-term financial assets |
|
|
|
250.0 |
|
|
|
151.4 |
|
|
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Acquisition of subsidiaries |
|
|
– |
|
|
|
– 1.5 |
|
|
|||||||||
Cash flow from investment activities |
|
|
|
|
|
21.8 |
|
|
|
– 82.5 |
||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||
Proceeds from borrowings |
|
|
|
3.7 |
|
|
|
15.0 |
|
|
||||||||
Repayments of borrowings |
|
|
|
– 11.8 |
|
|
|
– 2.9 |
|
|
||||||||
Repayments of lease liabilities |
|
|
– 75.4 |
|
|
|
– 73.0 |
|
|
|||||||||
Capital increase (including premium) |
|
|
|
82.7 |
|
|
|
119.2 |
|
|
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Purchase of own shares and participation certificates |
|
|
|
– 551.4 |
|
|
|
– 433.3 |
|
|
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Sale of own shares and participation certificates |
|
|
|
0.8 |
|
|
|
14.5 |
|
|
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Distribution of profits |
|
|
|
– 284.1 |
|
|
|
– 264.1 |
|
|
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Cash flow with non-controlling interests |
|
|
– |
|
|
|
– 30.4 |
|
|
|||||||||
Cash flow from financing activities |
|
|
|
|
|
– 835.5 |
|
|
|
– 655.0 |
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|
|
|
|
|
|
|
|
|
|
|
||||||||
Net increase (+)/decrease (–) in cash and cash equivalents |
|
|
|
|
|
– 57.7 |
|
|
|
89.3 |
||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||
Cash and cash equivalents as at January 1 |
|
|
|
937.2 |
|
|
|
848.4 |
|
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||
Exchange gains (+)/losses (–) on cash and cash equivalents |
|
|
|
– 14.9 |
|
922.3 |
|
– 0.5 |
|
847.9 |
||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||
Cash and cash equivalents as at December 31 |
|
|
|
|
864.6 |
|
|
|
937.2 |
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