Consolidated statement of cash flows
January 1 – June 30
|
millions of CHF |
|
|
2025 |
|
2024 |
|
|
|
Cash and cash equivalents as of January 1 |
|
|
|
1’060.6 |
|
974.7 |
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
|
|
128.2 |
|
117.4 |
|
|
Interest and securities income |
|
|
–7.0 |
|
–9.7 |
|
|
|
Interest expenses |
|
|
14.2 |
|
14.1 |
|
|
|
Income tax expenses |
|
|
40.9 |
|
38.9 |
|
|
|
Depreciation, amortization and impairments |
|
|
|
58.3 |
|
59.1 |
|
|
Loss / (Gain) from disposals of tangible and intangible assets, net |
|
|
–1.0 |
|
0.1 |
|
|
|
Changes in inventories |
|
|
|
–50.7 |
|
–27.9 |
|
|
Changes in advance payments to suppliers |
|
|
|
–14.9 |
|
–21.0 |
|
|
Changes in contract assets |
|
|
|
–24.5 |
|
–8.9 |
|
|
Changes in trade accounts receivable |
|
|
|
0.7 |
|
–49.3 |
|
|
Changes in contract liabilities |
|
|
|
23.4 |
|
2.5 |
|
|
Changes in trade accounts payable |
|
|
|
–0.8 |
|
8.7 |
|
|
Changes in employee benefit plans |
|
|
|
–2.2 |
|
–3.6 |
|
|
Changes in provisions |
|
|
1.5 |
|
–6.3 |
|
|
|
Changes in other net current assets |
|
|
|
–83.3 |
|
41.0 |
|
|
Other non-cash items |
|
|
|
41.9 |
|
–9.2 |
|
|
Interest received |
|
|
|
6.3 |
|
8.4 |
|
|
Interest paid |
|
|
|
–4.3 |
|
–3.7 |
|
|
Income tax paid |
|
|
|
–47.1 |
|
–52.7 |
|
|
Total cash flow from operating activities |
|
|
|
79.7 |
|
97.9 |
|
|
|
|
|
|
|
|
|
|
|
Purchase of intangible assets |
|
|
|
–0.9 |
|
–4.7 |
|
|
Proceeds from the sale of intangible assets |
|
|
|
0.1 |
|
- |
|
|
Purchase of property, plant and equipment |
|
|
|
–38.2 |
|
–39.0 |
|
|
Proceeds from the sale of property, plant and equipment |
|
|
|
2.6 |
|
1.2 |
|
|
Acquisitions of subsidiaries, net of cash acquired |
|
|
–11.3 |
|
–12.2 |
|
|
|
Divestitures of associates and joint ventures |
|
|
|
6.8 |
|
- |
|
|
Purchase of other non-current financial assets |
|
|
|
–0.1 |
|
–1.4 |
|
|
Purchase of current financial assets |
|
|
|
–0.0 |
|
–0.5 |
|
|
Repayments of financial assets |
|
|
|
0.5 |
|
5.7 |
|
|
Total cash flow from investing activities |
|
|
|
–40.6 |
|
–51.0 |
|
|
|
|
|
|
|
|
|
|
|
Dividends paid to shareholders of Sulzer Ltd |
|
|
–97.3 |
|
–86.5 |
|
|
|
Dividends paid to non-controlling interests in subsidiaries |
|
|
|
–0.9 |
|
–0.1 |
|
|
Purchase of treasury shares |
|
|
–18.8 |
|
–15.7 |
|
|
|
Payments of lease liabilities |
|
|
|
–15.6 |
|
–14.3 |
|
|
Divestiture (Acquisition) of non-controlling interests |
|
|
|
– |
|
–0.3 |
|
|
Proceeds from current borrowings |
|
|
24.4 |
|
22.1 |
|
|
|
Repayments of current borrowings |
|
|
–27.5 |
|
–18.9 |
|
|
|
Total cash flow from financing activities |
|
|
|
–135.8 |
|
–113.6 |
|
|
|
|
|
|
|
|
|
|
|
Exchange gains / (losses) on cash and cash equivalents |
|
|
|
–42.3 |
|
23.3 |
|
|
|
|
|
|
|
|
|
|
|
Net change in cash and cash equivalents |
|
|
|
–139.0 |
|
–43.3 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents as of June 30 |
|
|
|
921.6 |
|
931.4 |
|
For the calculation of free cash flow (FCF), please refer to “Financial review”.