Consolidated statement of cash flows
January 1 – December 31
|
millions of CHF |
Notes |
2018 |
2017 |
|
Cash and cash equivalents as of January 1 |
|
488.8 |
429.5 |
|
|
|
|
|
|
Net income |
|
116.5 |
87.2 |
|
Interest and securities income |
12 |
–2.9 |
–4.1 |
|
Interest expenses |
12 |
20.3 |
15.2 |
|
Income tax expenses |
13 |
49.2 |
38.2 |
|
Depreciation, amortization and impairments |
14,15 |
145.1 |
140.9 |
|
Income from disposals of property, plant and equipment |
11,15 |
–5.8 |
–4.4 |
|
Changes in inventories |
|
–98.4 |
–35.7 |
|
Changes in advance payments to suppliers |
|
6.1 |
–0.5 |
|
Changes in contract assets |
|
–11.0 |
– |
|
Changes in trade accounts receivable |
|
19.9 |
36.4 |
|
Changes in advance payments from customers |
|
– |
10.5 |
|
Changes in contract liabilities |
|
–23.7 |
– |
|
Changes in trade accounts payable |
|
106.2 |
12.2 |
|
Change in provision for employee benefit plans |
|
–2.8 |
–1.0 |
|
Changes in provisions |
|
–21.3 |
–30.9 |
|
Changes in other net current assets |
|
20.8 |
–8.6 |
|
Other non-cash items |
|
17.6 |
–7.9 |
|
Interest received |
|
2.9 |
4.0 |
|
Interest paid |
|
–12.2 |
–8.0 |
|
Income tax paid |
|
–65.6 |
–59.8 |
|
Total cash flow from operating activities |
|
260.8 |
183.7 |
|
|
|
|
|
|
Purchase of intangible assets |
14 |
–6.9 |
–2.6 |
|
Purchase of property, plant and equipment |
15 |
–89.3 |
–78.6 |
|
Sale of property, plant and equipment |
11, 15 |
16.6 |
12.8 |
|
Acquisitions of subsidiaries, net of cash acquired |
4 |
–217.5 |
–157.9 |
|
Acquisitions of associates |
16 |
–1.2 |
–4.6 |
|
Dividends from associates |
16 |
0.1 |
– |
|
Divestitures of subsidiaries |
|
0.7 |
– |
|
Purchase of financial assets |
17 |
–0.6 |
–0.3 |
|
Sale of financial assets |
17 |
0.6 |
0.4 |
|
Total cash flow from investing activities |
|
–297.4 |
–230.8 |
|
|
|
|
|
|
Dividend |
23 |
–43.1 |
–119.4 |
|
Dividend paid to non-controlling interests |
|
–1.9 |
–1.5 |
|
Purchase of treasury shares |
|
–454.9 |
–11.8 |
|
Sale of treasury shares |
23 |
557.4 |
– |
|
Changes in non-controlling interests |
4 |
–14.3 |
–0.3 |
|
Additions in non-current borrowings |
25 |
859.4 |
0.5 |
|
Repayment of non-current borrowings |
25 |
–1.1 |
–1.7 |
|
Additions in current borrowings |
25 |
426.4 |
534.6 |
|
Repayment of current borrowings |
25 |
–658.9 |
–294.1 |
|
Total cash flow from financing activities |
|
669.1 |
106.3 |
|
|
|
|
|
|
Exchange losses on cash and cash equivalents |
|
–26.1 |
0.1 |
|
|
|
|
|
|
Net change in cash and cash equivalents |
|
606.4 |
59.3 |
|
|
|
|
|
|
Cash and cash equivalents as of December 31 |
22 |
1’095.2 |
488.8 |