Consolidated Cash Flow Statement
CHF million |
|
Note |
|
2023 |
|
2022 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income |
|
|
|
671.4 |
|
|
|
569.7 |
|
|
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Taxes |
|
|
|
116.1 |
|
|
|
151.8 |
|
|
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Interest expenses |
|
|
|
33.6 |
|
|
|
29.7 |
|
|
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Interest income |
|
|
|
–9.3 |
|
|
|
–2.5 |
|
|
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Depreciation, amortization and impairment |
|
|
280.8 |
|
|
|
273.1 |
|
|
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Decrease (–)/Increase (+) of provisions |
|
|
|
1.9 |
|
|
|
4.2 |
|
|
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Decrease (–)/Increase (+) of allowances from current assets |
|
|
|
3.1 |
|
|
|
6.9 |
|
|
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Decrease (+)/Increase (–) of pension plans |
|
|
|
–37.0 |
|
|
|
–8.0 |
|
|
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Profit (–)/Loss (+) from disposals of fixed asset |
|
|
|
0.6 |
|
|
|
1.2 |
|
|
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Decrease (+)/Increase (–) of accounts receivables |
|
|
|
–115.4 |
|
|
|
–85.9 |
|
|
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Decrease (+)/Increase (–) of inventories |
|
|
|
–116.2 |
|
|
|
–140.6 |
|
|
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Decrease (+)/Increase (–) of other receivables |
|
|
|
–10.2 |
|
|
|
–10.6 |
|
|
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Decrease (+)/Increase (–) of accrued income, prepayments, derivative assets and liabilities |
|
|
|
–1.4 |
|
|
|
–0.5 |
|
|
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Decrease (–)/Increase (+) of accounts payable |
|
|
|
35.4 |
|
|
|
62.3 |
|
|
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Decrease (–)/Increase (+) of other payables and accrued liabilities |
|
|
|
85.0 |
|
|
|
47.5 |
|
|
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Interest received |
|
|
|
9.6 |
|
|
|
2.3 |
|
|
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Interest paid |
|
|
|
–33.8 |
|
|
|
–28.3 |
|
|
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Taxes paid |
|
|
|
–164.7 |
|
|
|
–138.3 |
|
|
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Non-cash effective items1 |
|
|
|
29.1 |
|
|
|
22.0 |
|
|
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Cash flow from operating activities (operating cash flow) |
|
|
|
|
|
778.6 |
|
|
|
756.0 |
||||||||
|
|
|
|
|
|
|
|
|
|
|
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CAPEX in property, plant and equipment |
|
|
|
–280.5 |
|
|
|
–205.3 |
|
|
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Disposal proceeds property, plant and equipment |
|
|
|
0.8 |
|
|
|
1.5 |
|
|
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CAPEX in intangible assets |
|
|
|
–21.3 |
|
|
|
–24.4 |
|
|
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Disposal proceeds intangible assets |
|
|
|
– |
|
|
|
0.1 |
|
|
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CAPEX in right-of-use assets2 |
|
|
|
– |
|
|
|
–0.2 |
|
|
||||||||
Disposal proceeds right-of-use assets |
|
|
|
– |
|
|
|
0.1 |
|
|
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Disposal proceeds (+)/Investing expenditures (–) in marketable securities and short-term financial assets |
|
|
|
– |
|
|
|
250.0 |
|
|
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Cash flow from investment activities |
|
|
|
|
|
–301.0 |
|
|
|
21.8 |
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|
|
|
|
|
|
|
|
|
|
|
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Proceeds from borrowings |
|
|
|
11.1 |
|
|
|
3.7 |
|
|
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Repayments of borrowings |
|
|
|
–5.5 |
|
|
|
–11.8 |
|
|
||||||||
Repayments of lease liabilities |
|
|
–74.2 |
|
|
|
–75.4 |
|
|
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Capital increase (including premium) |
|
|
|
110.6 |
|
|
|
82.7 |
|
|
||||||||
Purchase of own shares |
|
|
|
–593.9 |
|
|
|
–551.4 |
|
|
||||||||
Sale of own shares |
|
|
|
– |
|
|
|
0.8 |
|
|
||||||||
Distribution of profits |
|
|
|
–303.6 |
|
|
|
–284.1 |
|
|
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Cash flow from financing activities |
|
|
|
|
|
–855.5 |
|
|
|
–835.5 |
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|
|
|
|
|
|
|
|
|
|
|
||||||||
Net increase (+)/decrease (–) in cash and cash equivalents |
|
|
|
|
|
–377.9 |
|
|
|
–57.7 |
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|
|
|
|
|
|
|
|
|
|
|
||||||||
Cash and cash equivalents as at January 1 |
|
|
|
864.6 |
|
|
|
937.2 |
|
|
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|
|
|
|
|
|
|
|
|
|
|
||||||||
Exchange gains (+)/losses (–) on cash and cash equivalents |
|
|
|
–24.5 |
|
840.1 |
|
–14.9 |
|
922.3 |
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|
|
|
|
|
|
|
|
|
|
|
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Cash and cash equivalents as at December 31 |
|
|
|
|
462.2 |
|
|
|
864.6 |
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