Consolidated statement of cash flows
January 1 – December 31
|
millions of CHF |
Notes |
2019 |
2018 |
|
Cash and cash equivalents as of January 1 |
|
1’095.2 |
488.8 |
|
|
|
|
|
|
Net income |
|
157.7 |
116.5 |
|
Interest and securities income |
12 |
–6.6 |
–2.9 |
|
Interest expenses |
12 |
24.9 |
20.3 |
|
Income tax expenses |
13 |
55.1 |
49.2 |
|
Depreciation, amortization and impairments |
14, 15, 16 |
171.5 |
145.1 |
|
Income from disposals of property, plant and equipment |
11, 15, 16 |
–0.4 |
–5.8 |
|
Changes in inventories |
|
82.8 |
–98.4 |
|
Changes in advance payments to suppliers |
|
7.0 |
6.1 |
|
Changes in contract assets |
|
–148.4 |
–11.0 |
|
Changes in trade accounts receivable |
|
–22.7 |
19.9 |
|
Changes in contract liabilities |
|
89.5 |
–23.7 |
|
Changes in trade accounts payable |
|
–8.0 |
106.2 |
|
Change in provision for employee benefit plans |
|
–7.0 |
–2.8 |
|
Changes in provisions |
|
–1.6 |
–21.3 |
|
Changes in other net current assets |
|
–6.1 |
20.8 |
|
Other non-cash items |
|
5.2 |
17.6 |
|
Interest received |
|
6.6 |
2.9 |
|
Interest paid |
|
–21.5 |
–12.2 |
|
Income tax paid |
|
–58.6 |
–65.6 |
|
Total cash flow from operating activities |
|
319.6 |
260.8 |
|
|
|
|
|
|
Purchase of intangible assets |
14 |
–6.0 |
–6.9 |
|
Sale of intangible assets |
14 |
0.5 |
– |
|
Purchase of property, plant and equipment |
15 |
–108.9 |
–89.3 |
|
Sale of property, plant and equipment |
15 |
8.1 |
16.6 |
|
Acquisitions of subsidiaries, net of cash acquired |
4 |
–78.5 |
–217.5 |
|
Divestitures of subsidiaries |
|
0.0 |
0.7 |
|
Acquisitions of associates |
17 |
–0.0 |
–1.2 |
|
Dividends from associates |
17 |
0.1 |
0.1 |
|
Purchase of other non-current financial assets |
18 |
–1.1 |
–0.6 |
|
Sale of other non-current financial assets |
18 |
0.4 |
0.6 |
|
Purchase of current financial assets |
18 |
–57.4 |
– |
|
Total cash flow from investing activities |
|
–242.6 |
–297.4 |
|
|
|
|
|
|
Dividend |
24 |
–81.2 |
–43.1 |
|
Dividend paid to non-controlling interests |
|
–1.7 |
–1.9 |
|
Purchase of treasury shares |
|
–11.1 |
–454.9 |
|
Sale of treasury shares |
24 |
– |
557.4 |
|
Payments for leases |
16, 34 |
–34.0 |
– |
|
Changes in non-controlling interests |
|
– |
–14.3 |
|
Additions in non-current borrowings |
26 |
0.3 |
859.4 |
|
Repayment of non-current borrowings |
26 |
–0.0 |
–1.1 |
|
Additions in current borrowings |
26 |
153.8 |
426.4 |
|
Repayment of current borrowings |
26 |
–149.2 |
–658.9 |
|
Total cash flow from financing activities |
|
–123.2 |
669.1 |
|
|
|
|
|
|
Exchange losses on cash and cash equivalents |
|
–13.5 |
–26.1 |
|
|
|
|
|
|
Net change in cash and cash equivalents |
|
–59.7 |
606.4 |
|
|
|
|
|
|
Cash and cash equivalents as of December 31 |
23 |
1’035.5 |
1’095.2 |