Consolidated Statements of Cashflows
1.1. – 31.12.
| Note | 2018 | 2017 | |
|---|---|---|---|
| MCHF | MCHF | ||
1 Following a reclassification in 2018, the prior year figures relating to net cash from operating activities were adjusted accordingly in the interests of comparability.
The accompanying Notes are an integral part of the consolidated financial statements.
For further cashflow figures see Note 28 |
|||
| Cash provided by operating activities | |||
| Net income | 597.2 | 527.4 | |
| Depreciation and amortisation | 9/11 | 160.2 | 150.3 |
| Financial result, net | 24 | 20.4 | 9.4 |
| Income tax expenses | 25 | 90.0 | 84.9 |
| Other non-cash income and expenses1 | -6.5 | 16.7 | |
| Operating cashflow before changes in net working capital and taxes | 861.3 | 788.7 | |
| Income taxes paid | -102.7 | -129.7 | |
| Changes in trade accounts receivable1 | 12.8 | 4.5 | |
| Changes in inventories1 | -4.9 | -18.5 | |
| Changes in trade accounts payable | -27.1 | 6.7 | |
| Changes in other positions of net working capital1 | 8.1 | -11.3 | |
| Net cash from/used in (-) operating activities | 747.5 | 640.4 | |
| Cash from/used in (-) investing activities | |||
| Sales of subsidiaries | 2/10 | 0.0 | 9.7 |
| Purchase of property, plant & equipment and intangible assets | 9/11 | -162.4 | -159.0 |
| Proceeds from sale of property, plant & equipment and intangible assets | 8.6 | 3.5 | |
| Interest received | 0.0 | 0.0 | |
| Other, net | -2.8 | -2.0 | |
| Net cash from/used in (-) investing activities | -156.6 | -147.8 | |
| Cash from/used in (-) financing activities | |||
| Proceeds from borrowings | 14/15 | 691.8 | 70.2 |
| Repayments of borrowings | 14/15 | -737.1 | -207.5 |
| Interest paid | -6.0 | -6.4 | |
| Distribution | -380.8 | -368.4 | |
| Share buyback programme | 21 | -183.6 | -88.3 |
| Purchase (-)/sale of treasury shares | -92.2 | -2.1 | |
| Financing cost paid | -0.4 | -1.5 | |
| Other, net | -5.8 | -1.3 | |
| Net cash from/used in (-) financing activities | -714.1 | -605.3 | |
| Effects of exchange rates on cash and cash equivalents | -7.3 | 15.7 | |
| Net increase/decrease (-) in cash and cash equivalents | -130.5 | -97.0 | |
| Cash and cash equivalents at beginning of year | 412.7 | 509.7 | |
| Cash and cash equivalents at end of year | 282.2 | 412.7 | |